📊 Stocks split ahead of a heavy week of bank earnings and inflation data. The Dow rose 0.38% for a third straight gain, the S&P 500 slipped 0.06% and the Nasdaq fell 0.44%. 💾 Micron ($MU) dropped 3.9% to drag on the Nasdaq as investors weighed rising competition from China's CXMT, which reported progress on a new chip structure. ☁️ Salesforce ($CRM) rose 2% to lead the Dow higher after Bank of America double upgraded the stock. 🛰️ AST SpaceMobile ($ASTS) climbed around 5% after Deutsche Bank upgraded it to buy and kept its $93 target, implying 82% upside. The stock fell 10% Friday on SpaceX's spectrum purchase and is down more than 26% this year. 🏦 Morgan Stanley cut Ally Financial ($ALLY) to equal weight. Analyst Jeffrey Adelson sees less earnings upside with higher rates and a softer credit backdrop, though he isn't calling for margin contraction or worsening auto credit. 🛢️ Oil climbed after Trump announced an energy ceasefire between Russia and Ukraine, which Zelenskyy said Moscow had already violated. WTI rose 2.06% to $93.74 and Brent gained 1.84% to $106.65. The energy sector ETF XLE touched an intraday record, its first in more than a month. 👨🏻💻 Researched and written daily by @timemino
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