Stock Index Futures Flat as Traders Await Retail Inflation Data
Written by Emily J. Thompson, Senior Investment Analyst
Source: seekingalpha
- Futures Market Movement: On Tuesday, stock index futures remained largely unchanged, with S&P 500 futures edging up 0.05%, Dow futures rising 0.001%, and Nasdaq 100 futures slipping 0.04%, indicating market caution ahead of the upcoming retail inflation report.
- Rising Treasury Yields: The U.S. 2-year Treasury yield increased to 3.56%, up 0.54%; the 10-year yield climbed to 4.20%, adding 0.41%; and the 30-year yield rose to 4.85%, also up 0.41%, reflecting changing market expectations regarding future interest rates.
- CPI Expectations: The December Consumer Price Index (CPI) is expected to rise by 0.3%, with core CPI also projected to increase by 0.3%, leading to annual increases of 2.6% and 2.7%, which will significantly impact market sentiment and investment decisions.
- Premarket Trading Winners and Losers: In premarket trading, Revvity gained 4.92%, Huntington Ingalls Industries rose 1.70%, and Edwards Lifesciences also increased by 1.70%; in contrast, Union Pacific fell by 1.96%, Smurfit Westrock declined by 1.61%, and CDW dropped by 1.51%, indicating a divergence in market performance.
Analyst Views on CDW
Wall Street analysts forecast CDW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CDW is 179.67 USD with a low forecast of 148.00 USD and a high forecast of 200.00 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.
7 Analyst Rating
3 Buy
4 Hold
0 Sell
Moderate Buy
Current: 134.600
Low
148.00
Averages
179.67
High
200.00
Current: 134.600
Low
148.00
Averages
179.67
High
200.00
About CDW
CDW Corporation is a multi-brand provider of information technology (IT) solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. The Company’s array of offerings ranges from discrete hardware and software products to integrated IT solutions and services that include on-premises and cloud capabilities across hybrid infrastructure, digital experience and security. The Company operates through three segments: Corporate, Small Business and Public. The Corporate segment primarily serves United States private sector business customers. The Small Business segment primarily serves United States private sector business customers. The Public segment comprises government agencies and education and healthcare institutions in the United States. The Company’s solutions are delivered in physical, virtual and cloud-based environments. The Company provides integrated IT solutions in more than 150 countries.
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.
