Bernstein Upgrades Wayfair to Outperform, Raises Price Target to $125

Mid-September Shakeup: Three Catalysts, One Afternoon

Markets are pricing in a 93% probability of a 25 basis point rate hike by the Federal Reserve on Wednesday, marking the first increase since July 2023. The decision comes as inflation remains stubbornly above the Fed's 2% target. An unprecedented scenario could unfold if Chair Kevin Warsh opposes the hike while the committee votes to proceed—the first time in Fed history the FOMC would outvote a sitting chair. Key economic data on retail sales, housing starts, and building permits will provide context for the decision.

Looking for Earnings Beat? Buy These 5 Top-Ranked Stocks

An analysis of stocks with strong potential to deliver earnings surprises identifies five companies: Allstate (ALL), Wayfair (W), BILL Holdings (BILL), Twilio (TWLO), and Caribou Biosciences (CRBU). These stocks were selected based on positive earnings surprise history, strong Zacks Rank ratings, positive Earnings ESP, and solid long-term growth prospects. Historical data shows these companies have consistently beaten market expectations, with Allstate averaging a 45.34% earnings surprise over the past four quarters.

Shares of retail companies are trading lower, possibly amid sympathy with Walmart. The company's Q2 financial results showed its slowest sales growth in years, raising concerns about broader industry impacts.

Rosenblatt Initiates Coverage On Wayfair with Buy Rating, Announces Price Target of $125

Rosenblatt analyst Scott Devitt initiates coverage on Wayfair (NYSE:W) with a Buy rating and announces Price Target of $125.