“Stocks making the biggest moves midday: Nomura, ViacomCBS, Boeing and more”
March 29, 2021
“Boeing – Shares of the aircraft maker gained more than 2%, becoming the biggest outperformer in the Dow Jones Industrial Average in midday trading. The advance came after news that Southwest Airlines had added 100 orders for the airliner’s 737 Max jet. The first 30 jets are scheduled for delivery in 2022…
Twitter – Shares of the social media company advanced 1.8% after Truist upgraded the stock to a buy rating. The firm said that “tangible progress on product and tech platform” will driver “greater traction with users and advertisers.” The firm also lifted its price target on the stock to $74, up from a prior target of $64. The new target is about 18% above where shares traded on Monday.
Facebook – The social media stock added 1.4% after Deutsche Bank hiked its price target to $385 per share from $355. The firm said in a note to client that it is growing more optimistic about Facebook’s advertising business in 2021…”
Long term I don’t like social media stock. It seems to be doing fine for now though. Oh and as far a travel stock goes they may go back down in when fall or winter rolls around again. I think investors should be on the lookout for that.