CNBC·2025-09-16 12:45Market Overview - The S&P 500 and Nasdaq are set for a higher open, aiming to extend gains after closing at record highs. Retail sales increased by 0.6% month over month in August, exceeding expectations of 0.2% [1] Company Updates - Amazon's price target was raised to $270 from $250 at Truist, with North American revenue tracking about $1 billion above consensus estimates. Amazon also announced a two-day sales event in October to kick off the holiday shopping season [2][3] - Oracle shares rallied on reports that it is among firms that may run TikTok's U.S. operations, which could prevent a ban on the app [4] - Micron's price target was increased to $182 from $155 ahead of earnings, with expectations of upside driven by Nvidia's Blackwell Ultra chip [5] - Wells Fargo's analyst raised price targets for major banks, including Goldman Sachs, Bank of America, Citigroup, and JPMorgan, indicating that the largest banks are performing best [6] - Microsoft announced a 10% increase in its quarterly dividend, raising the annualized yield to about 0.7% from 0.6%, with over $55 billion remaining in its buyback authorization [7] - Citi raised Nike's price target to $74 from $68, expecting an earnings beat driven by better sales and lower expenses [8] - Union Pacific received an upgrade from Loop Capital, which removed its sell rating and upgraded to hold as valuations are near the bottom of the five-year range [9] - Novo Nordisk was upgraded to buy at Rothschild & Co. due to attractive valuation, with its weight loss drug Cagrilintide showing an average weight loss of 11.8% in a late-stage study [10] - Bank of America upgraded Prologis from hold to buy, raising its price target to $130 from $118, citing improved corporate decision-making leading to higher lease proposal conversions [11]