Nasdaq 100 Records Have Rarely Been This Narrow, 55 Stocks Are Still Below 50-Day Average
The Nasdaq 100 trades at records Monday, yet 55 of its 101 stocks sit below their 50-day average. QQQ has beaten equal-weight QQQE by 8% since late July.
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Coca-Cola Europacific (NASDAQ:CCEP) reported quarterly earnings of $2.56 per share. The company reported $12.467 billion in sales this quarter.
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The Nasdaq 100 trades at records Monday, yet 55 of its 101 stocks sit below their 50-day average. QQQ has beaten equal-weight QQQE by 8% since late July.
UBS analyst Sanjeet Auija downgrades Coca-Cola Europacific (NASDAQ:CCEP) from Buy to Neutral and lowers the price target from $109 to $107.
Barclays analyst Lauren Lieberman maintains Coca-Cola Europacific (NASDAQ:CCEP) with a Overweight and raises the price target from $114 to $119.