Stock Market Update: S&P 500 and Nasdaq Futures Rise, Dow Also Up—Focus on Accenture, Micron Technologies, Nike, and FedEx (UPDATED)
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Market Overview: U.S. stock futures are slightly up after a decline on Wednesday, with attention on the upcoming November Consumer Price Index report, which may influence market trends as the year ends.
Stock Performance: Notable premarket movements include Accenture down 3.11% despite beating earnings estimates, Micron Technology up 13.3% after a strong quarterly performance, and FedEx down 0.46% ahead of its earnings report.
Economic Indicators: Investors are awaiting initial jobless claims and the November CPI report, which will provide insights into inflation and economic health, alongside the Philadelphia Fed's manufacturing survey.
Global Market Trends: Asian markets closed mixed, with some indices in the green, while European markets opened higher. Crude oil prices increased slightly, and Bitcoin saw a 0.88% rise.
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Analyst Views on ACN
Wall Street analysts forecast ACN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACN is 295.67 USD with a low forecast of 251.00 USD and a high forecast of 330.00 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.
16 Analyst Rating
10 Buy
6 Hold
0 Sell
Moderate Buy
Current: 270.430
Low
251.00
Averages
295.67
High
330.00
Current: 270.430
Low
251.00
Averages
295.67
High
330.00
About ACN
Accenture plc is a global professional services company. It is engaged in providing a range of services and solutions across strategy and consulting, technology, operations, Industry X and Song. Its services include application services, artificial intelligence, automation, business process outsourcing, business strategy, change management, cloud, customer experience, data and analytics, ecosystem partners, finance consulting, Industry X, infrastructure, marketing, mergers and acquisitions, operating models, security, supply chain management, sustainability, technology consulting, technology innovation, and zero-based budgeting (ZBB). It specializes in the SAP business technology platform that designs digital products and experiences for enterprise customers, including custom portals and Web solutions and mobile applications. It provides clients with quantitative and qualitative risk management and compliance services. It specializes in advisory, management services and cybersecurity.
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.
Palantir Stock Declines Amid Mixed Market Sentiment
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