S&P 500 Futures Steady in Premarket Trading; Chipotle Mexican Grill, Mobileye Global Lead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2024
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Source: MarketWatch
- Stock Market Update: Chipotle Mexican Grill Inc. (CMG) and Mobileye Global Inc. Cl A (MBLY) saw gains in pre-market trading, with CMG up 6.3% and MBLY up 4.3%.
- Market Performance: Intel Corp. (INTC), R1 RCM Inc. (RCM), and Tetra Tech Inc. (TTEK) showed gains of at least 2%, while Everest Group Ltd. (EG) and Nasdaq Inc. (NDAQ) experienced declines of 3.5% and 3.0% respectively.
- Ongoing Trends: The U.S. stock markets are set to open in two hours.
- Specific Companies: Chipotle Mexican Grill Inc. (CMG), Mobileye Global Inc. Cl A (MBLY), Intel Corp. (INTC), R1 RCM Inc. (RCM), Tetra Tech Inc. (TTEK), Everest Group Ltd. (EG), and Nasdaq Inc. (NDAQ) were highlighted in the market update.
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Analyst Views on DJIA
Wall Street analysts forecast DJIA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DJIA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 22.270
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Current: 22.270
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
