Market Overview - Resiliency was observed on Wall Street as major benchmarks achieved record closes despite challenges such as a U.S. government shutdown and concerning jobs data [1] Analyst Attention - Analysts have turned bullish on several companies including Celsius (CELH), Lam Research (LRCX), Sunrun (RUN), and Freeport-McMoRan (FCX) [2] - Western Digital (WDC) and Spotify Technology (SPOT) faced negative analyst sentiment, with Spotify also experiencing a C-suite shakeup [2] - Nike (NKE) received positive attention following an encouraging earnings report, while a struggling chemicals stock was given a lifeline [2] Sector Performance - Growth stocks continued to perform well despite high valuations, with rare earths stocks shining [3] - Drone maker Red Cat (RCAT) received a boost from an upgrade late in the week [3] - Advanced Micro Devices (AMD) was trending due to partnership rumors with Intel (INTC), indicating potential investor interest in the semiconductor sector [3] - Pharmaceutical stocks also saw positive movement, attributed to TrumpRx buzz [3] Future Outlook - Upcoming Fed minutes are expected to influence market movements, particularly in light of the ongoing government shutdown [4] - Historical S&P 500 returns during shutdowns are relevant for current market analysis [4] - There is skepticism regarding the sustainability of the recent tech sector rally, with elevated short interest complicating the market landscape [4]
Record Closes, Resiliency Define First Week of October
Schaeffers Investment Research·2025-10-03 16:02