Market Update Newsletter 2/28/23

Markets closed slightly higher yesterday. NASDAQ led the rally fueled by Tesla (TSLA) and Seagen (SGEN). Stocks fall slightly at the open.

Target (TGT) beats earnings expectations. The company did give tepid guidance as consumers spend less on discretionary. Stock is up over 3%.

Stocks to Watch

Ameresco (AMRC) received a double price target cut, but the rating remains outperformed.

Dollar General (DG) and Dollar Tree (DLTR) both receive price cuts at a time when discount retailers should be at an advantage. Further evidence that the consumer is not as "healthy" right now.

Workday (WDAY) is blessed with 12 raises and upgrades with ratings like outperform, overweight, and buy.

Happy Investing!

The Punkrock Capitalist