Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.

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$META $LULU $BIGB $ONON $DWAC

 Meta Platforms (META) - Shares were upgraded to the equivalent of a buy rating by analysts at Morgan Stanley Tuesday morning. The analysts set a $250 price target on Meta, a price level that represented a potential upside of about 25% from the stock's current price.

 

 lululemon athletica (LULU) - The company will report quarterly results on Tuesday of next week. Analysts currently expect earnings of $1.71 per share on sales of $1.87 billion.

 

 Roundhill BIG Bank ETF (BIGB) - A new exchange-traded fund (ETF) launching Tuesday. The new ETF contains exposure to only the US six big banks, Bank of America (BAC), Goldman Sachs (GS), Morgan Stanley (MS), JP Morgan (JPM), Citi (C) and Wells Fargo (WFC).

 

 On Holding (ONON) - A play on sports apparel. On is a Swiss company focused on running, hiking, outdoor and tennis. Shares were one of Tuesday morning's biggest winners; the stock was up following favorable quarterly results and guidance.

 

 Digital World Acquisition Corp. (DWAC) - The special purpose acquisition corporation (SPAC) expected to merge with Donald Trump's Trump Media Group, the parent company of Trump's social media platform, Truth Social. Trump was making headlines Tuesday morning amid speculation he would be arrested related to an investigation into a hush-money scheme in connection with adult film star Stormy Daniels. While Trump is catching attention on Main Street Tuesday, it seems shares of Digital World already responded to the news on Wall Street: the stock fell about 4% last week but has since retaken those losses.

Hosts:

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

Michael O'Connor Reach out to Michael at [email protected]

Benzinga Strategy Development

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