The S&P 500 (SP500) closed in the green on Friday, ending at a record high following a cooler-than-expected consumer inflation report. However, for the week, the Nasdaq (COMP: IND) fell by 0.2%.
Wall Street saw a slew of analyst upgrades and downgrades. Here are some quick insights:
– **J.P. Morgan** downgraded HP, citing several headwinds including the end of the Windows 10 replacement cycle, a challenging macro environment, rising memory costs, and tough comparisons for Commercial PC growth.
– **Piper Sandler** rated Dell as Overweight, highlighting potential upside from AI developments, a strong enterprise datacenter refresh expected in the future, AI infrastructure buildouts, and demand driven by the Windows 10 end-of-life. However, they noted risks related to the shift to the cloud and possible market share declines.
– **Mizuho** downgraded Enphase due to declining U.S. market share, changes in solar tax credits, reduced residential solar demand, uncertainties around new financing models, and limited improvement from new technology.
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### Related Stocks
| Symbol | Company | Last Price | % Change |
|——–|—————————–|————|———-|
| HPQ | HP Inc. | | |
| DELL | Dell Technologies Inc. | | |
| MOH | Molina Healthcare, Inc. | | |
| ENPH | Enphase Energy, Inc. | | |
| CORZ | Core Scientific, Inc. | | |
Stay tuned for more trending news and analysis.
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