Equities are lower in premarket trading Wednesday, while Arm Holdings' roadshow ahead of a planned initial public offering is impressive.
My top 10 things to watch Wednesday 1. Equities are lower in premarket trading Wednesday, with the S & P 500 and Nasdaq Composite both down around 0.2%. Meanwhile, oil prices pulled back slightly after having soared 1.5% on Tuesday on the back of Saudi Arabia's extended production cuts. West Texas Intermediate crude was trading just above $86 a barrel. Is oil breaking out, or is it holding? 2.
on Wednesday initiates coverage of 11 U.S. biopharmaceutical and health-care companies. The firm assigned Johnson & Johnson a hold rating and $175-a-share price target; Biogen a buy rating and $360 price target; and Amgen a buy rating and $320 price target. 9. Loop Capital on Wednesday raises its price target on Club name TJX Companies to $105 a share, up from $100, while reiterating a buy rating on the stock.
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