What Investors Missed in the Market Last Week
The markets closed the book last week with solid gains. Following strong retail sales figures, a fifth consecutive rising week for both the Dow Jones Industrial Average and S&P 500 left investors pleased, while the Nasdaq recorded its third weekly gain. But there was much more to dig into; here are a few companies that made headlines.
If you think back to the depths of the Great Recession, when General Motors (NYSE: GM) was a catastrophe and needed government help, Ford Motor Company (NYSE: F) had a vision to skate through on its own dime. Ford was, at the time, years ahead of its Detroit counterparts, but that divide has seemingly reversed, with General Motors thriving and the Blue Oval looking for new direction under recently appointed CEO Jim Hackett.
That point was hammered home this week when Barclays analyst Brian Johnson upgraded GM to overweight and boosted his price target from $41 to $55 per share. Johnson's price target represents significant upside from today's $45 level, and keep in mind that GM's stock has already jumped more than 31% year to date. On the flip side, Johnson downgraded Ford to equal weight and maintained a $14 price target.
Source: Fool.com