Let's break down the top headlines.
First, There are the Markets
Jim Cramer penned a Real Money column focusing on why there's too much upside, and not enough downside, which has impacted the selling.
"Can I get out and in? Or is it just not worth the effort and the friction and the surprise possibility that the virus runs its course," wrote Cramer. "Yesterday's wake up call that the so-called worst-case has occurred with Apple AAPL, amply demonstrated by the lead story in the Financial Times explaining that travel curbs are the real culprit, the real reason why iPhones are hard to make, makes you wonder if it is worth it to trim positions in a world where are alternatives are slim and index fund buying is heavy."
Then There's Boeing
Boeing has ordered inspections of all of the undelivered 737 MAX planes after it found debris in the fuel tanks in some of the undelivered planes, which were being held in storage.
Around 400 planes will be inspected. The planes are stored in various locations.
However, Boeing has said that these inspections shouldn’t impact the MAX’s return to service.
The bulls are back.
Analysts at Bernstein returned to their bullish stance on the stock, raising its rating to outperform while also increasing its price target to $360 from $300 a share.
Bernstein noted that it initiated coverage of Nvidia in May 2017 with a bullish view, but since then the company has experienced headwinds including “the cryptobubble, a lackluster Turing gaming cycle, and a significant hyperscale digestion phase.”
However, “with the stock almost exactly back to prior peak levels, it is obvious that not growing more constructive, sooner, was an error. But while that peak (in hindsight) was built on a shaky foundation, the current situation seems much more stable with a ‘clean’ (no crypto) gaming profile, improved Turing traction, and return to hyperscale builds.”