U.S. Equities Climbed Higher on Friday, with the S&P 500 and Nasdaq Composite Up
On Friday, U.S. equities saw an increase, with the S&P 500 up 0.47% and the Nasdaq Composite up 0.74%. Both indices are set to deliver gains for the week following last week’s strong performance. CNBC’s Jim Cramer commented, “I do think this rally is real.” Bond yields remained steady, and oil prices jumped by more than 1%.
Palo Alto Networks (PANW) Expected to Pull Further Away from the Cybersecurity Pack
Morgan Stanley predicts that Palo Alto Networks (PANW) will continue to distance itself from the cybersecurity pack and maintain high-teen-billings growth. The bank plans to buy into the print ahead of Palo Alto’s quarterly results on Wednesday.
Coterra Energy (CTRA) Reports Strong Quarterly Results
Coterra Energy reported strong quarterly results, raising its production outlook while controlling capital expenditures. The oil-and-gas producer is estimating about 5% deflation next year due to contract repricing. Jim Cramer expressed interest in being an aggressive buyer of Coterra at current levels.
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