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Analysts at Morgan Stanley lowered their price target on META to $775 from $825, but says the tech giant is still a top idea. “Sentiment Has Troughed…It’s Time to Buy META: META sentiment has troughed due to GenAI ROIC and long-term positioning fears, and more recently, macro ad market and regulatory question marks.”
Technically, META appears to have found strong support after gapping from about $672 to a low of $520. Last trading at $532.51, the oversold stock is also starting to pivot from overextensions on RSI, MACD, and Williams’ %R. We’d like to see META initially refill its bearish gap at around $600 near term.
After a rough week, markets are rocketing higher.
The S&P 500 is up 0.33%, or by 21 points. The SPDR S&P 500 (SPY) is up 0.48%, or by $2.85. The Dow is up 0.46%, or by 209 points. The Nasdaq is up 0.2%, or by 41 points. Oil is up $2.44 at $102.10. Gold is up by $48.90 at $4,542. Bitcoin is up $1,790 at $67,747. All as President Trump signals progress in U.S.-Iran talks.
“The United States of America is in serious discussions with A NEW, AND MORE REASONABLE, REGIME to end our Military Operations in Iran,” Trump said in a post on Truth Social.
However, he added that while progress has been made, if a deal is not reached shortly, and if the Strait of Hormuz is not reopened, the U.S. will wipe out Iran’s electric generating plants, oil wells, and Kharg Island. That, and the U.S. now has 50,000 U.S. troops in the Middle East, with Iran warning they’ll set U.S. troops on fire if they invade.
In short, it’ll be an interesting few days ahead.
Market Movers: Alcoa up 11%
Aluminum stocks, such as Alcoa, are up 9% amid a jump in aluminum prices. Reportedly, critical infrastructure for the metal industry in the Middle East was hit by Iranian missile strikes.
In fact, as noted by Reuters, “Aluminum prices surged to four-year highs on Monday as Iranian airstrikes on two major Middle East producers over the weekend raised the risk of a prolonged supply shock. Benchmark aluminum the London Metal Exchange was up 4.7% to $3,453 a metric ton at 1048 GMT. Prices of the metal used in the transport, construction, and packaging industries touched $3,492 earlier in the session.”
Analysts at Oppenheimer just reiterated an outperform rating on Nvidia and Broadcom, noting that they are bullish on semiconductor stocks long-term.
Analysts at Needham just reiterated a buy rating on Netflix, noting that, “NFLX hit a high of ~$134/share on June 30, 2025, about 9 months ago. Last month (Feb 2026), NFLX hit a low of ~$75/share, when it was ‘winning’ the takeover battle for WBD. Today, NFLX shares have only rebounded to ~$93/share,” as quoted by CNBC.
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