My top 10 things to watch Friday, Oct. 3 1.
Boeing blems: The planemaker's new 777X widebody jet is now set to make its commercial debut in early 2027 instead of next year, Bloomberg reported this morning.
That delay could expose name Boeing to sizable non-cash accounting charges. Safety certification work is taking longer than expected. 2.
BlackRock's Global Infrastructure Partners is seemingly negotiating to buy everything.
This time, GIP is in talks to buy Aligned Data Centers in a transaction valued at roughly $40 billion, according to Bloomberg .
Earlier this week, the Financial Times said GIP is eyeing a nearly $38 billion takeover of power vider AES . 3.
No September jobs report this morning, as the federal government shutdown reaches day three. And yet, Wall Street is on track for a solid week, with the S & P 500 up 1% so far.
It's headed for a higher open this morning, too. 4.
Johnson & Johnson was upgraded to buy from hold at Wells Fargo, as the existential risks around tariffs and drug pricing policy changes are now off the table.
Analysts are also upbeat on J & J's cancer franchise. This has become a beloved stock. 5.
Constellation Brands ' price target at UBS was cut to $175 from $205, but analysts kept their buy rating on the Modelo brewer.
The beaten-up stock trades at over 11 times forward earnings and supports a 2.9% dividend yield. But I don't trust it. 6.
UBS is sticking with its sell rating on Tesla stock, even after third-quarter deries were better than expected. That's wrong.
The analysts think the EV tax credit expiration pulled forward demand, and they are worried that investors may continue to sell the news.
Tesla s, which dropped 5% yesterday, were up nearly 1.5% this morning. 7. Defense drone maker AeroVironment got price target bumps to $400 and $415, respectively, at Citizens JMP and BTIG.
Both firms have buy ratings on the stock and are very bullish. I have been championing this one since $75 per . Now, everyone loves AeroVironment. 8.
KeyBanc downgraded Corteva to hold from buy after the vider of seed and crop tection announced plans to split into two companies. Is this the twilight of the breakups?
stocks Honeywell and DuPont stalled after breakup announcements. Spin purgatory . It makes them big underperformers. 9.
After CSX's surprise CEO ouster , Citi analysts suggest a three-way merger between CSX, Canadian Pacific Kansas City , and Berkshire Hathaway -owned BNSF.
They say it would be a "savvy counter-measure" to the planned Union Pacific and Norfolk Southern merger, which would create the first coast-to-coast freight rail operator. 10.
Barclays lowered its price target on PepsiCo to $140 from $144.
The analysts, who kept their hold rating, said they are more cautious heading into earnings – slightly more cautious than the consensus on sales and margins.
Pepsi reports third-quarter results next week.
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