Stock Market Update
05-Jan-26 14:30 ET
S&P 500 Rises as Analyst Upgrades Lift CNC, TTD, FFIV; Jabil Slumps on Deal Concerns
Dow +782.83
at 49165.01,
Nasdaq +161.16
at 23396.82,
S&P +50.20
at 6908.66
[BRIEFING.COM] The S&P 500 (+0.73%) is in second place on Monday afternoon, up about 50 points.
Briefly, S&P 500 constituents Centene (CNC 44.74, +2.96, +7.08%), The Trade Desk (TTD 40.06, +2.38, +6.32%), and F5 Networks (FFIV 272.85, +16.22, +6.32%) dot the top of the standings. CNC was upgraded to Overweight at Barclays this morning citing ACA margin upside, TTD rallies despite a target cut to $50 (from $55) out of Guggenheim, who remains Buy rated, while FFIV caught sell side upgrades out of Piper Sandler and RBC Capital.
Meanwhile, Jabil (JBL 223.50, -16.89, -7.03%) is today's worst laggard as investors focused on the size of the all-cash deal for Hanley Energy Group and near-term balance sheet and EPS dilution risks, outweighing the longer-term strategic benefits tied to AI and data center power infrastructure.
