Amazon Named Top Pick by Oppenheimer
Live Blog Update #1 Published
Analysts at Oppenheimer raised their price target on Amazon to $315 from $305, citing higher AWS estimates after assessing the impact of Anthropic and reaffirming the stock as a top mega-cap pick, according to CNBC.
Meanwhile, Wedbush reiterated an outperform rating on Apple ahead of earnings, saying 2026 could be a pivotal year as the company looks to shift demand from a strong iPhone 17 cycle to the iPhone 18, navigate pressure in key markets like China, and accelerate its AI initiatives as it re-enters the generative AI space.
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For the first time, the S&P 500 hit 7,000.
All thanks to growing optimism over artificial intelligence and expectations for hot earnings from Big Tech over the next few days. That includes Apple, Microsoft, Met, and Tesla.
“The benchmark index’s ascent between successive 1,000-point additions has quickened in recent years, reflecting mounting investor confidence in the U.S. economy and corporate America,” as noted by Reuters. “It took about three years for the S&P 500 to rise to 5,000 points from 4,000, but only about nine months to jump from 5,000 to 6,000, which it reached in November 2024.”
It’ll be interesting to see where markets head next.
Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
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