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Beaten-down shares of Palo Alto (PANW) are slowly recovering lost ground.
Just yesterday, the stock gained about $8 of upside. Fueling part of that run, there’s speculation we would see more M&A activity among cybersecurity stocks this year.
That’s according to TD Cowen, which said, “We see no slowdown ahead, especially as interest rates are expected to continue and move lower,” as quoted by Investors.com.
After testing new highs, the major indices are seeing a healthy pullback.
The S&P 500 is down about nine points this morning. The SPDR S&P 500 ETF (SPY) is down about 75 cents. The Dow is down 171, as the Nasdaq sinks about 51 points.
Fueling excitement, defense stocks are regaining momentum.
Late yesterday, defense stocks pulled back. All after President Trump said he would not allow dividends or buybacks for defense companies until arms production speeds up.
“Defense Companies are not producing our Great Military Equipment rapidly enough and, once produced, not maintaining it properly or quickly,” said President Trump, as quoted by CNBC. Until those companies build new production plants, “no Executive should be allowed to make in excess of $5 Million Dollars,” Trump added.
Today, many of those same downed defense stocks are soaring.
All after Trump called for a $1.5 trillion defense budget.
As he said on Truth Social: “After the long and difficult negotiations with Senators, Congressmen, Secretaries, and other Political Representatives, I have determined that, for the Good of our Country, especially in these very troubled and dangerous times, our Military Budget for the year 2027 should not be $1 Trillion Dollars, rather $1.5 Trillion Dollars. This will allow us to build the ‘Dream Military’ that we have long been entitled to, and, more importantly, that will keep us SAFE and SECURE, regardless of foe.”
It’s Time to Buy the Dip in Coinbase
That’s according to analysts at Bank of America, who just upgraded the Coinbase (NASDAQ: COIN) stock to a buy rating. “While the stock is off 40% from its July highs, under the surface of the 4Q25 crypto correction, the company’s product velocity has increased, and its TAM expanded in parallel,” they said, as quoted by CNBC.
Bank of America also reiterated a buy rating on Nvidia (NASDAQ: NVDA). The firm says the stock is too “compelling” to ignore at current prices.
Analysts at Jefferies upgraded Netflix (NASDAQ: NFLX) to a buy rating ahead of earnings later this month. “While we’re cautious into the print, we don’t see a structural issue as underlying engagement trends are solid, and with sentiment more negative, we see asymmetric upside past the print at near ~3:1 risk-reward,” as quoted by CNBC.
Shares of Gap (NYSE: GAP) are up about $1.15 this morning.
That’s after UBS upgraded the clothing retailer to a buy rating with a price target of $41 a share. The firm believes the market is underestimating the size of the opportunity being offered by Gap.
© Chris Hondros / Hulton Archive via Getty Images