Here Are Monday’s Top Wall Street Analyst Research Calls: Block, Boise Cascade, Equifax, FirstEnergy, Lockheed Martin, Lumentum Holdings, NetApp, Roper Technologies, Spotify, Technology, and More

Quick Read

• Gold dropped below $4,000 for the first time since July as institutions dumped liquid holdings to cover margin calls from last week’s tech wreck.

• Tesla jumped to Overweight at Barclays with a $450 target while Lockheed Martin earned an $835 Overweight upgrade at Morgan Stanley.

• Oil pushed near 6-month highs with Brent at $116 and WTI at $103 as military escalation fears keep the inflation narrative burning.

• Building a portfolio and living off one are two completely different skills, and almost nobody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)

Pre-Market Stock Futures:

Futures are trading higher as we head into a new week that will finish out October, with traders trying to rally stocks after last week’s losing effort. With Halloween on Saturday, this week may be as scary as last week. All major indices closed lower again on Friday after a midday attempt to ignite a rally failed. The biggest loser Friday was the Dow Jones Industrials, which finished at 52,214, down 1.24%, while the S&P 500 closed at 7,622, down 0.52%. The Nasdaq, where traders tried to start the tech rally near noon, ultimately finished lower at 25,955, down 0.21%, while the small-cap Russell 2000 closed at 2,778, down 0.20%.

Earnings remain on the front burner this week, with 176 S&P 500 companies expected to report, including tech giants Microsoft Corporation (NASDAQ: MSFT), Alphabet (NASDAQ: GOOGL), and Amazon.com (NASDAQ: AMZN).

——

Now Available: The Definitive Guide to Retirement Income

Many successful investors eventually reach the same moment. The saving is done, the portfolio is built, and the question quietly changes from how much can I grow this to how much can I take out? Get that second question wrong and decades of good investing can come apart in a handful of years.

That is exactly what The Definitive Guide to Retirement Income helps answer. It covers what your retirement could actually cost, which income sources are worth using, and the withdrawal math that decides whether the money lasts. It is free today from Fisher Investments. Read More Here ›

——

Treasury Bonds:

After one of the wildest weeks in the U.S. Treasury market in years, normalcy returned on Friday, and so did the sellers, as yields rose across the curve. Despite last week’s safe-haven buying, the same issues remain, chief among them inflation; with strong manufacturing output and historically low jobless claims, the path is clear for another 25-basis-point hike. It likely will not come at this week’s meetings, but it will probably come before year-end. The 30-year bond closed the session at 5.33%, while the benchmark 10-year note was last seen at 5%.