Mizuho analysts predict Robinhood's stock will soar as the trading platform moves closer to becoming the first true 'hyperscaler' among online brokerages.

Mizuho has noted that the historic slump in the Japanese Yen is defying conventional interest rate rules, indicating an unusual market phenomenon.

Mizuho has reaffirmed its 'Outperform' rating for Honeywell International (HON) after the company's Investor Day, where it presented its financial targets.

Mizuho analysts suggest that Duke Energy is capable of executing its plans despite facing near-term regulatory hurdles.

Mizuho has reaffirmed its 'Outperform' rating for Oracle Corporation, indicating a positive outlook for the tech giant's stock.

Mizuho has increased its price target for D-Wave Quantum (QBTS) to $35, while maintaining an 'Outperform' rating on the stock.

Mizuho analysts believe the market is overlooking significant potential in QBTS stock.

JPMorgan and Mizuho have increased their price targets for Humana (HUM) shares, driven by an improving outlook in the managed care sector.

Mizuho has increased its price target for Archrock (AROC), suggesting a more optimistic forecast for the company's stock value.

Mizuho has significantly raised its price target for Seagate Technology stock to $1,090, citing strong growth potential driven by advancements in AI technology.

Mizuho has raised its target for UnitedHealth (UNH) shares, citing an improving outlook for the managed care sector. The adjustment reflects positive developments in the healthcare industry.

Mizuho analysts express bullish views on companies like Sandisk, Seagate, and Western Digital, anticipating increased memory demand driven by advancements in artificial intelligence.

Atmos Energy's target has been cut by Mizuho, which cited lower utility valuation multiples as the reason, reflecting a revised assessment of the company's market value.

Mizuho has increased its price target for STMicroelectronics (STM), citing growth opportunities in AI and satellite technologies.

Mizuho advises buying two specific energy stocks, citing a 'point of no return' for the sector, even if tensions in the Middle East were to ease.

Mizuho has increased its price target for Devon Energy (DVN), citing higher oil prices as a supportive factor for the company's outlook.

Masahiro Kihara, CEO of Mizuho, has floated the idea of the Bank of Japan implementing its first outsized interest rate hike since 1990, suggesting the timing (June or July) would not significantly impact the market unless the increase is substantial.

Several financial firms, including Raymond James, B. Riley, and Mizuho, have raised their price targets for various companies such as nLIGHT, Silicon Motion, YETI Holdings, Texas Instruments, and Qualcomm. This reflects increased optimism for these stocks, particularly in the AI semiconductor sector.

Mizuho has raised its price target for UnitedHealth to $440, citing an improved outlook for the managed care sector.

Mizuho has reiterated its neutral rating for Super Micro Computer, Inc. (SMCI), indicating a steady outlook on the company's stock.

Mizuho has increased its price target for Advanced Micro Devices (AMD) stock, reflecting a positive outlook on the semiconductor company.

Mizuho has increased its price target for Pediatrix Medical Group (MD) following the company's first-quarter financial results.

Mizuho, an investment bank, has increased its price target for Equinix, Inc. (EQIX), indicating a positive outlook on the company's stock.

Keefe Bruyette and Mizuho have both lowered their price targets for Arch Capital Group (ACGL). This indicates a revised, less optimistic outlook from these firms regarding the company's stock.

Mizuho has revised its price target for Duke Energy (DUK) upwards to $139, indicating a positive outlook for the utility company's stock.

Mizuho has increased its price target for Allegro Microsystems following the company's recent earnings report, putting the stock in focus.

Mizuho analysts suggest that Micron Technology (MU) stock is currently undervalued, citing increasing demand for memory products. This assessment highlights potential investment opportunities in the semiconductor sector.

Financial institutions Barclays and Mizuho have provided differing analyses and outlooks on American Tower (AMT) stock performance.

RBC maintained an Outperform rating on Air Products and Chemicals, while Mizuho also maintained an Outperform rating on New Jersey Resources Corporation.

Mizuho has downgraded Adobe, citing a "weakened" conviction in the company's stock performance.

Mizuho analysts express optimism regarding custom chips, projecting that Broadcom could achieve an impressive 87% compound annual growth rate through 2028.

Mizuho has begun its coverage of Fair Isaac (FICO) with an "Outperform" rating, signaling a positive forecast for the company's stock.

A Mizuho analyst has issued a warning that central banks could find themselves in a 'tyrannical position' if an Iran war escalates. This highlights potential severe economic and financial challenges stemming from geopolitical conflict.

Bloomberg has published profiles and biographies for two corporate executives: Takuro Nakahodo of Nakamuraya Co Ltd and Toshiharu Naoi of Mizuho Leasing Co Ltd. These profiles detail their professional backgrounds and roles.

Mizuho has revised its estimates for Haemonetics Corporation as part of a broader review of the medical technology sector.

Mizuho has lowered its target price for Medtronic (MDT) ahead of the company's first-quarter earnings report. Despite the adjustment, Mizuho maintains a positive view on the stock.

Bank of America has cut its target for Lincoln National (LNC), while Mizuho has lowered its price target but maintained a bullish stance on the company.

Biotechnology company GRAIL has been rated 'new Neural' by Mizuho and Piper, following a recent setback in its studies.

Mizuho has significantly cut its price target for Super Micro stock by 25%, leading to questions about the company's future valuation.

Mizuho Trust is partnering with Nasdaq to attract global investors, according to President and CEO Kenichi Sasada. This collaboration aims to foster dialogue with overseas investors to spur investment for growth.

Mizuho analysts have issued a bullish view on Dell, citing strong demand for AI servers as a key driver for the company's prospects.

Mizuho has lowered its price target for Global Payments Inc. (GPN) following a revision of its valuation model for the company.

Japanese automaker Subaru has successfully secured a ¥100 billion credit line through a syndicate led by Mizuho Bank. This financial arrangement will provide Subaru with additional liquidity and support for its operations.

Insurance giant Progressive, after a period of significant growth, is now entering a more challenging phase, with Mizuho lowering its price target to $223.

Mizuho has issued a 'Buy' rating for Tyson Foods, citing an increased appetite for protein and the company's ongoing investments in its operations.

Mizuho has reiterated its 'Outperform' rating for Tencent Music (TME), signaling continued confidence in the company's stock performance.

Oracle Corporation (ORCL) delivered a strong and "clean" third-quarter performance, a sentiment echoed by Mizuho analysts.

The Social Democratic Party's leadership election in Japan will proceed to a run-off vote between incumbent Mizuho Fukushima and former House of Councillors member Yuko Otsubaki, as no candidate secured a majority in the initial count.

Mizuho turned bearish on CF Industries’ stock, saying it has rallied too much since the Iran conflict started.

Mizuho has reduced its price target for American Homes 4 Rent (AMH) to $29 from $32, while maintaining a Neutral rating on the stock.

Mizuho has increased its price target for HA Sustainable Infrastructure Capital (HASI) shares to $41, indicating a positive outlook for the company.

Argus and Mizuho have both increased their price targets for Lowe’s (LOW), citing expectations for continued growth and market share gains for the home improvement retailer.

Mizuho has raised its price target for Target (TGT) to $120, stating that the company's recent Investor Day served as a positive catalyst.

Marriott Vacations Worldwide received an upgrade from Mizuho, citing the new CEO's efforts to restore the company's sales force.

Mizuho has reiterated its 'Outperform' rating for Devon Energy Corporation after the company's Q4 revenue of $4.12 billion surpassed estimates.

Mizuho has adjusted its price target for Willis Towers Watson (WTW) downwards while maintaining a 'Buy' rating, suggesting continued confidence despite a revised valuation.

Mizuho has raised its price target for Stanley Black & Decker (SWK) to $110, citing improving peer valuations.

Mizuho analyst Moskowitz suggests that Salesforce stock has significant potential for growth, indicating a positive outlook for the company's shares.

Mizuho has adjusted its price target for General Mills (GIS) as part of broader changes to its food sector model.

Mizuho has reduced its price target for Netskope, Inc. (NTSK) to $20 but maintains an Outperform rating on the stock.

Mizuho has reiterated its 'Outperform' rating for Alphabet (GOOGL), setting a price target of $410 for the tech giant's shares.

Mizuho has reiterated its 'Outperform' rating on Salesforce (CRM), indicating continued confidence in the company's stock.

Mizuho has been excluded from another yen bond deal, a development stemming from the ongoing fallout of a probe.

Mizuho has reduced its price target for Waystar Holding Corp. (WAY) to $42, citing competitive risks in the healthcare technology sector.

Mizuho analysts have adjusted price targets for ON Semiconductor and Synaptics following a recent merger and acquisition deal.

Mizuho and SMFG are contributing to a surge in Japanese corporate bond sales in overseas currencies, a trend partly fueled by the yen's depreciation to its weakest level against the dollar since 1986.

Mizuho has adjusted its price target for Intel (INTC) shares upwards, from $128 to $135.

Mizuho suggests that Intel's advanced packaging technology could significantly support the growth of AI data centers, positioning the company to capitalize on the expanding demand for AI infrastructure.

Several financial firms, including Mizuho, Piper Sandler, and Baird, have raised their price targets for Seagate Technology Holdings, DexCom, First Solar, and Jabil. This indicates a positive outlook from analysts for these companies.

Mizuho Financial Group is highlighted as one of the top value stocks available for purchase at under $10, appealing to budget-conscious investors.

Mizuho has reaffirmed its "Outperform" rating on Credo Technology Group Holding Ltd (CRDO), indicating a positive outlook for the company's stock.

Multiple financial institutions, including Rosenblatt, Cantor Fitzgerald, Scotiabank, Mizuho, and Loop Capital, have raised their price targets for various companies. These companies include The Walt Disney Company, Applied Materials, Snowflake, Humana, Molina Healthcare, and THOR Industries.

Mizuho and Citi have both increased their price targets for Western Digital (WDC) stock, indicating a positive outlook for the company.

Mizuho has doubled down on its bullish stance for WDC stock, citing sustained and strong demand for AI storage solutions as a key driver.

Mizuho has lifted its price target on Arm Holdings (ARM) due to agentic AI tailwinds, while Rosenblatt raised its price target on CrowdStrike (CRWD) following an 'outstanding' Q1 performance. These adjustments reflect positive outlooks for both tech companies.

A strategist at Mizuho believes that the healthcare sector, particularly pharmaceutical stocks, is now considered a value sector due to its underperformance compared to the technology sector.

Mizuho Securities has increased its price targets for both Hyatt Hotels (H) and Lam Research (LRCX). This adjustment reflects Mizuho's updated outlook on the financial performance of these two companies.

Mizuho has increased its price target for Arm Holdings plc (ARM) following an analysis of the memory market and the impact of agentic AI.

Mizuho has reiterated its stock rating for Intel Corp (INTC), providing insights into the reasons behind its continued assessment of the semiconductor giant.

Mizuho has raised its oil price outlooks for 2026 and 2027, and consequently increased its target for Exxon Mobil (XOM).

Mizuho, a financial services group, has reaffirmed its 'Outperform' rating for ON Semiconductor Corporation (ON). This rating indicates Mizuho's positive outlook on the company's stock performance.

Mizuho has updated its ratings for three companies identified as 'AI winners,' indicating a change in their investment outlook.

Mizuho Securities has reportedly downgraded ZoomInfo (GTM) to an "Underperform" rating, raising questions about the software stock's investment viability.

Mizuho has increased price targets for semiconductor companies Micron, STMicro, and Texas Instruments, citing positive tailwinds from the artificial intelligence sector.

Mizuho has expressed increased caution regarding Realty Income's outlook, attributing the shift to persistent macroeconomic risks affecting the broader market.

Investment firms Evercore ISI and Mizuho have increased their price targets for Apple and Affirm, respectively. The revised targets reflect strong performance, with Apple's services compounding and Affirm's goal of $100 billion GMV powering bullish cases.

Mizuho has increased its price target for Intel to $124, citing strong demand for agentic AI servers as validation for the company's turnaround efforts. This indicates growing confidence in Intel's future performance.

Jeeno Thitikul maintains a two-shot lead at the Mizuho Americas Open, aiming for her first LPGA title of the year.

Mizuho has increased its price target for Xcel Energy (XEL) to $94, indicating a more optimistic valuation for the utility company.

Mizuho has increased price targets for several companies, including Western Digital and Micron, citing tailwinds from the artificial intelligence sector.

Units of Mizuho Financial Group, Inc. (MFG) have completed their merger, a process that included the integration of Oracle Autonomous AI technology.

Mizuho analysts have increased their price target for Amazon to $325, suggesting that Amazon Web Services (AWS) could emerge as a leading AI beneficiary in 2026. The report highlights AWS's potential in the artificial intelligence sector.

Mizuho analyst Gregg Moskowitz has changed his ratings for software stocks, downgrading Adobe to neutral from outperform while simultaneously upgrading CrowdStrike to outperform from neutral.

Mizuho has begun its coverage of Fair Isaac Corporation (FICO) with an 'Outperform' rating, suggesting that the market's reaction to the company's performance has been an overreaction.

Palantir's stock rallied by 4% after a significant 70% revenue surge, overshadowing a price target cut from Mizuho.

Mizuho, BTIG, and Evercore have all lowered their price targets for Intuitive Surgical (ISRG), indicating a revised outlook for the medical device company.

Mizuho has revised its rating for PayPal (PYPL) stock, downgrading it to 'Neutral'.

This article provides a profile and biography of Masateru Kawahara, an individual associated with Mizuho Leasing Co Ltd.

STMicroelectronics and TXN received analyst upgrades, while NXP Semiconductors experienced a cut in ratings from Mizuho.

Mizuho has lowered the price target for Boston Scientific Corporation in anticipation of the company's first-quarter medical device earnings report.

Mizuho has upgraded American Tower's stock rating to "Outperform," highlighting the company's undervalued data center business as a key factor. This upgrade suggests a positive outlook for the cell tower giant's future performance.

Investment bank Mizuho has revised its price targets downwards for several prominent tech companies, including Datadog, Palantir, and Cloudflare. These adjustments come as analysts evaluate their performance and outlook ahead of upcoming Q1 earnings reports.

Shake Shack shares gained after Mizuho highlighted the company's attractive valuation and identified several notable catalysts for future growth.

Mizuho Securities predicts that Upstart Holdings (UPST) stock could double from its current valuation, indicating strong growth potential.

Mizuho Fukushima has secured reelection as the leader of Japan's Social Democratic Party, despite concerns that the leadership race could create a serious divide within the party.

Mizuho Fukushima has been re-elected as the leader of Japan's Social Democratic Party following a re-election ballot held on April 6. Her re-election comes as her term was set to expire.

Mizuho has adjusted its outlook on Snowflake stock after a change in the company's Chief Revenue Officer (CRO) position.

Mizuho maintains a bullish outlook on Figure Technology Solutions (FIGR), citing optimism surrounding its expanding addressable market and growing footprint.

Mizuho Securities has lowered its price target for insurance giant Allstate (ALL) to $265, reflecting a revised outlook for the company.

Mizuho has adjusted its price target for Sherwin-Williams (SHW) lower but continues to maintain an "Outperform" rating for the stock.

Mizuho has reduced its price target for PPG Industries (PPG), while the company simultaneously announced the launch of a new analytics platform.

MongoDB's stock saw an increase after Mizuho upgraded its rating for the company.

Palantir is in the spotlight after Mizuho reiterated its 'Outperform' rating following an executive meeting, drawing investor attention to the data analytics company.

Mizuho has increased its price target for Shoals Technologies (SHLS) stock to $8, signaling a more optimistic outlook for the company.

Mizuho has reduced its price target for Intuit Inc. (INTU) from $675 to $600, indicating a revised outlook for the company's stock.

Several financial firms have updated their ratings and price targets for various companies, including Jefferies upgrading ICON, Morgan Stanley raising RGA's target, Mizuho lowering Expedia's target, Wells Fargo lowering Universal Health Services' target, Keefe Bruyette raising Hanover Insurance's target, Morgan Stanley lowering Primerica's target, Deutsche raising Banco Bilbao Vizcaya Argentaria's target, and UBS lowering Abercrombie & Fitch's target.

Analysts at Mizuho have reiterated their bullish rating on IQVIA after the company released its fourth-quarter financial results.

Mizuho has upgraded Arthur J. Gallagher (AJG), citing an improved outlook for the insurance brokerage sector.

Japan's third-largest lender, Mizuho, announced plans to replace 5,000 clerical positions with AI over the next decade, stating it is not a headcount reduction.

Mizuho Bank announced that a contractor responsible for system development lost a storage medium that may contain customer personal information and transaction data. An investigation is underway, including the possibility of unauthorized removal.

An earnings preview provides insights into what to expect from Papa John's International's financial results for the fourth quarter of 2025.

Mizuho has increased its price target for DexCom (DXCM) to $90 from $78, following the company's better-than-expected earnings report.

Several storage and hardware technology companies, including Super Micro, NetApp, Pure Storage, HPE, Dell, and Seagate, have received updated price targets from analysts, reflecting shifts in sector valuations and demand outlooks.

The bank initiated the stock with an outperform rating.

Financial Services Roundup: Market Talk  The Wall Street Journal

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US yields touched the lowest since December on Friday. The path of US interest rates remains in focus following Friday’s slower-than-expected US inflation print as traders fully price a Fed cut in July and the strong chance of a move in June.   “The backdrop for equities is positive post CPI,” said Andrea Gabellone, head of global equities at KBC Securities. At the same time, there could be “more dispersion ahead as sentiment around key AI-exposed sectors is still very critical,” he added.  That sentiment was echoed by other strategists seeking to distinguish between AI losers and winners. A JPMorgan Chase & Co. team led by Mislav Matejka urged caution on stocks at risk of AI-driven “cannibalization,” including software, business services and media companies. Meanwhile, banks are developing baskets to capitalize on the divergence: as we first reported last Thursday, Goldman launched a new basket of software stocks that goes long firms that will benefit from AI adoption, while shorting the companies whose workflows could be replaced. With AI disruption rippling through markets, a lot will come down to earnings resilience, in particular in the US.  “When you look at the current earnings season, the companies are showing 13% of growth,” Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan, told Bloomberg TV. “Overall, this is the reason why we continue to be positive on the S&P.” Later this week, traders will be watching for ADP private payrolls numbers on Tuesday and the minutes from the Fed’s January meeting on Wednesday for a fresh read on the economy. European stocks gained with bank shares rebounding, after posting their biggest weekly decline since April on worries about disruption from artificial intelligence. The basic resources sector lags, with Norsk Hydro among Europe’s worst performers as both Goldman Sachs and RBC downgrade the stock. Stoxx 600 rises 0.4% to 620.26 with 253 members down, 336 up, and 11 unchanged. Here are some of the biggest movers on Monday:  NatWest shares rise as much as 4%, the most since October, as Citi analyst Andrew Coombs raises his price target on the UK bank to a Street-high. Seraphim Space shares rise as much as 9.2%, briefly hitting a new all-time high, after the space tech investment firm said the valuations of its four largest holdings increased over the final months of 2025. AECI shares rally as much as 6.1%, the most since July, after the South African commercial-explosives maker shared improved 2025 headline earnings per share guidance. Orsted shares rise as much as 3.8% after analysts at Kepler raise the recommendation to buy from hold over the Danish renewable energy firm’s outlook, despite ongoing uncertainty for the industry in the US. Norsk Hydro shares fall as much as 4.4%, extending Friday’s 5.9% earnings-triggered drop, after being downgraded at Goldman Sachs and RBC over disappointments and pricing pressures in the Norwegian aluminum company’s downstream business. Galderma shares slip as much as 2.2% after naming Luigi La Corte as its new chief financial officer following the news back in July that Thomas Dittrich was departing. Pinewood Technologies shares tumble as much as 32%, the most since April 2024, after Apax Partners said on Friday it will not proceed with a possible cash offer for the car dealership software provider. FlatexDEGIRO shares drop as much as 7.2% after BNP Paribas downgraded the online brokerage firm to neutral from outperform, saying the price reflects too much optimism about its market position in Germany. Maurel & Prom shares slump as much as 12%, pulling back after ending last week at a 2015-high, after announcing it is not currently authorized to resume oil and gas operations in Venezuela. Barratt Redrow shares fall as much as 3.7%, leading a drop in British homebuilders after Rightmove said house prices are stalling. Asian stocks slipped for a second day, led by declines in Japan as traders booked profits after last week’s post-election rally. Several markets were closed or held shortened trading sessions for the Lunar New Year holiday. The MSCI Asia Pacific Index was down 0.1%. Japan’s Topix Index fell 0.8%, with Mizuho Financial Group Inc. and Toyota Motor Corp. among the companies contributing to the index’s losses.In Hong Kong, AI model developer Minimax Group Inc. surged as much as 30% to more than four times its original listing price, while competitor Knowledge Atlas JSC Ltd. ended 4.7% higher. The market will be closed until Thursday. As investors across the region begin to reevaluate their bets on its artificial-intelligence-driven rally, traders in Japan cashed in gains driven by expectations of Prime Minister Sanae Takaichi’s proactive spending policies last week.Trading in Singapore ended early Monday and will be shut until Wednesday. Equity markets in mainland China, South Korea, Indonesia and Vietnam were closed.  In FX, the yen is the notable mover in currencies, weakening 0.5% against the dollar and pushing USD/JPY back above 153. The offshore yuan is one of the better performers against the greenback. The Bloomberg Dollar Spot Index rises 0.1%. There is no cash trading in Treasuries due to the Presidents’ Day holiday. European government bonds are little changed In commdities, gold dipped below $5,000 an ounce, as traders booked profits from a gain in the previous session. Bitcoin tried anf ailed to stage a modest rebound; it last traded around $68,275 after posting its fourth consecutive weekly loss, with the cryptocurrency struggling to find clear direction as a weekend rally fizzled once the momentum ignition algos emerged.  WTI crude futures tread water near $62.90 a barrel.  Top Headlines President Trump said there will be voter ID rules in the mid-term elections this year, whether Congress approves it or not, and they will present a legal argument in an Executive Order. Furthermore, Trump said he has searched the depths of legal arguments not yet articulated nor vetted on this subject, and they will be presenting an irrefutable one in the very near future. Iran says potential energy, mining and aircraft deals on table in talks with US: RTRS Pentagon threatened to cut its ties with Anthropic over the company’s insistence that some limitations are kept on how the military uses its AI models: RTRS UK eyes rapid ban on social media for under 16s, curbs to AI chatbots: RTRS Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis: BBG Warner Bros. Weighs Reopening Sale Negotiations With Paramount: BBG Companies Are Replacing CEOs in Record Numbers—and They’re Getting Younger: WSJ Europe aims to rely less on US defence after Trump's Greenland push: RTRS DOJ Tells Lawmakers Epstein File Redactions Complied With LawL BBG For College Applicants, Pressure to Make Summers Count Has Gotten Even Worse: WSJ Fed's Goolsbee (2027 voter) said on Friday that they are still seeing pretty high services inflation, and he hopes they have seen the peak impact of tariffs, while he added that the job market has been steady, with only modest cooling.  The Break Is Over. Companies Are Jacking Up Prices Again: WSJ Trade/Tariffs USTR Greer said the US and Ecuador expect to sign a trade agreement in the coming weeks. China will waive import value-added taxes on selected seeds, genetic resources, and police dogs through to 2030 to increase agricultural competitiveness and breeding capacity. It was also reported that China will grant zero-tariff access to 53 African nations from May 1st, according to Bloomberg. Chinese Foreign Minister Wang Yi told his French and German counterparts that China and the EU are partners, not rivals, while he added that China and the EU should manage differences, deepen practical cooperation and work together on global challenges. A more detailed look at global markets courtesy of Newsquawk APAC stocks began the week in the green but with gains limited following a lack of major fresh catalysts from over the weekend and amid thinned conditions owing to holiday closures in the region and North America. ASX 200 traded marginally higher with upside led by tech, although gains are capped by underperformance in the utilities, mining, materials and resources sectors, while participants also digested a slew of earnings releases. Nikkei 225 traded indecisively with the index constrained by disappointing Japanese preliminary Q4 GDP data, which showed the economy returned to growth but failed to meet expectations with GDP Q/Q at 0.1% (exp. 0.4%), and annualised GDP at 0.2% (exp. 1.6%). Hang Seng finished higher in a shortened trading session on Chinese New Year's Eve but with upside limited by tech weakness amid some confusion after the Pentagon added several companies including Baidu, Cosco, BYD, Huawei, Nio, SMIC, Tencent, and more to a list of Chinese firms aiding the military on Friday, but then withdrew the updated list shortly after it was posted. Furthermore, price action was also restricted by the closure of mainland markets and the absence of stock connect flows, which will remain shut for more than a week. US equity futures kept afloat in quiet trade amid the absence of drivers and participants. European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 0.4% on Friday. Asian Headlines Chinese President Xi called for the anchoring of economic growth around domestic demand as its main driver, in a speech during a key policy meeting late last year that was released on Sunday. China is to establish a permanent financial support framework to promote rural revitalisation and prevent a slide back into poverty, which represents a shift from transitional aid to long-term support. China’s market regulator summoned major online platform companies on Friday, including Alibaba, Douyin and Meituan, while it directed them to comply with laws and regulations, and rein in promotional practices, according to Bloomberg. US Secretary of State Rubio and Japanese Foreign Minister Motegi reaffirmed their commitment to deepen bilateral ties. Disney (DIS) sent a ‘cease and desist’ letter to ByteDance over Seedance 2.0 and alleged that ByteDance has been infringing on its IP to train and develop an AI video generation model without compensation, according to Axios. It was later reported that ByteDance said it would curb its AI video app following Disney's legal threats, according to the BBC. RBI tightened rules for loans provided to brokers and proprietary firms in an effort to reduce market speculation FX DXY eked slight gains in rangebound trade after a lack of major catalysts and with US participants away on Monday. EUR/USD was little changed amid the absence of any major macro catalysts and with light newsflow from the bloc, while comments from ECB President Lagarde and news that the ECB is to make its repo backstop available to other central banks across the world, did little to spur price action. GBP/USD held on to most of Friday's spoils but with price action contained by resistance around 1.3650 and following comments from BoE's Mann that the UK economy is sluggish and tepid, with consumers spending less due to being scarred by high inflation. USD/JPY edged higher and returned to above the 153.00 level in the aftermath of the weaker-than-expected preliminary Q4 GDP data for Japan. Antipodeans were mixed with little fresh macro drivers and a lack of tier-1 data from either side of the Tasman. Fixed Income 10yr UST futures traded little changed and held on to last week's spoils after returning above the 113.00 level in the aftermath of the softer US inflation data, while price action was contained to start the week by the closure of US cash markets for Washington's Birthday. Bund futures lacked demand in the absence of any major catalysts and with light newsflow from the bloc. 10yr JGB futures were marginally higher following disappointing preliminary GDP data for Q4, but with gains limited after failing to sustain a brief reclaim of the 132.00 level. Commodities Crude futures were rangebound amid light energy-specific newsflow from over the weekend and after last Friday's indecisive performance, where attention was on a source report that noted OPEC+ is leaning towards resuming oil output hikes from April, but with no decision made. Slovak PM Fico said he has information that the Druzhba pipeline has been fixed after damage in Ukraine, although he believes that supplies to Hungary and Slovakia have become a part of political blackmail. Spot gold took a breather after edging higher in the aftermath of the recent softer-than-expected US inflation data, with price action also contained by the holiday closures across Asia and North America. Copper futures were subdued, with their largest buyer away for more than a week due to the Chinese New Year/Spring Festival holiday. Texas venture-backed startup Hertha Metal vowed mass production of steel with 25% cost savings, which could reduce US reliance on imports. Geopolitics: Middle East US military is preparing for potential operations against Iran that could last for weeks if US President Trump orders an attack and the US fully expects Iran to retaliate, according to sources cited by Reuters. US President Trump told Israeli PM Netanyahu during a meeting in December that he would support Israel striking Iran’s ballistic missile program if the US and Iran are not able to reach a deal, according to CBS. Iran confirmed that indirect talks between the US and Iran will resume in Geneva on Tuesday under the mediation of Oman, while Iranian Foreign Minister Araghchi left for Geneva on Sunday. Iranian diplomat said Iran is open to nuclear deal compromises if the US discusses lifting sanctions, while it was also reported that Iran said potential energy, mining and aircraft deals are on the table in talks with the US. Israel’s cabinet approved the proposal to register West Bank lands as ‘state property’, while Palestinians condemned the ‘de facto annexation’ which Peace Now said likely amounts to a ‘mega land grab’. Geopolitics: Ukraine US President Trump said on Friday that Ukrainian President Zelensky is going to have to get moving and that Russia wants to get a deal. US Secretary of State Rubio said they don’t know if Russia is serious about finding an end to the war in Ukraine and will continue to test it, while it was reported that he met with Ukrainian President Zelensky on security and deepening defence and economic partnerships. Ukrainian drones targeted Russia’s Taman seaport and fuel tanks in the Black Sea region. UK and European allies were reported on Friday to be weighing seizing Russian shadow fleet ships and tightening curbs on Russia's economy. French Foreign Minister Barrot said some G7 nations have expressed a willingness to proceed with a maritime services ban on Russian oil, which they hope to include in the 20th sanctions package that they are actively preparing. Geopolitics: Other European Commission President von der Leyen said that they face the very distinct threat of outside forces trying to weaken their union, while she added that mutual defence is not an optional task for the European Union; it is an obligation within their own treaty, and it is their collective commitment to stand by each other in case of aggression. Pentagon said the US military struck an alleged drug cartel boat in the Caribbean, which killed three people. DB's Jim Reid concludes the overnigt wrap I hope you all had a good weekend. To stay in Winter Olympics mood the family watched "Cool Runnings" last night. I haven't seen it for 32 years. Please don't tell anyone but I had a few tears in my eyes at the end. I blamed it on the hay fever that has now started. There will be a lot of tears out there in markets for other reasons at the moment. Just two weeks ago, the idea of AI-driven disruption still felt like an abstract, almost academic thought experiment—something we could safely revisit once we had clearer evidence of how AI would be deployed and integrated across the economy. Fast forward 14 days, and markets have wiped out well over a trillion dollars of global equity value on the fear that AI could fundamentally reshape business models and compress profitability across a wide range of industries, including software, legal services, IT consulting, wealth management, logistics, insurance, real estate brokerage and commercial real estate. Some of the sell off in “old economy” sectors feels overdone to me. But as I argued in our 2026 World Outlook back in November, the real challenge is that even by the end of this year we still won’t have enough evidence to identify the structural winners and losers with confidence. That leaves plenty of room for investors’ imaginations—both optimistic and pessimistic—to run wild. As such big sentiment swings will continue to be the order of the day. My instinct is that the reaction in things like commercial real estate, for example, has been particularly exaggerated. Markets seem to be extrapolating a scenario in which vast numbers of white collar workers are made redundant almost overnight, leading to a dramatic collapse in office demand. If that view turns out to be correct, we’ll be facing societal challenges far larger than anything currently being priced into equities. While trying to catch a falling knife may be too risky for many, beginning to cushion the descent could be sensible in many old economy sectors. Markets can’t sustain a disruption narrative across multiple sectors for months or quarters without concrete evidence — and that evidence is likely to take much longer to emerge. Fascinating times. As for this week, today is a US holiday but inflation will remain in the spotlight at a global level after Friday's slightly softer US CPI which helped contribute to a decent rates rally to end the week. Prints are due in the US (PCE - Friday), the UK (Wednesday), Canada (Tuesday) and Japan (Friday). Other economic highlights will include the FOMC minutes (Wednesday), Q4 GDP in the US (Friday), as well as the global flash PMIs (Friday). Earnings reports will feature Walmart (Thursday), Nestlé (Thursday) and BHP (today). It's the earnings calm before next week's Nvidia storm. In the US, this holiday shortened week (President's Day today) features a data calendar dominated by releases that were pushed back by last year’s government shutdown. The most consequential updates will land on Friday, when the advance estimate of Q4 GDP arrives alongside December’s personal income and consumption figures—key inputs for shaping expectations for the early part of this year. For markets assessing the underlying pulse of demand heading into 2026, private final sales to domestic purchasers (PFDP) will carry more weight than the headline GDP print. This indicator—closely monitored by Fed Chair Powell—is expected by our economists to slow to 2.0% from 2.9% in Q3, though risks appear tilted upward. One swing factor: Wednesday’s durable goods report, where modest gains outside of transportation could soften the deceleration. On the consumer front, real PCE growth is expected to cool to 2.5% after two quarters of outsized strength but should still signal ample momentum heading into the new year. Friday’s income and spending report will also offer the latest reading on core PCE, the Fed’s preferred inflation gauge. Our economists expect another 0.4% monthly increase for December, lifting the year over year rate to 2.9%. Updated seasonal factors from last week’s CPI release suggest some mild downward pressure on inflation trends in the second half of 2025. Still, January’s CPI data, although softer than we anticipated, do not translate into equivalent relief for core PCE—in fact, our team currently sees another 0.4% gain for January's release (delayed until March 13th). Depending on the strength of medical services, airfare, and portfolio management components in the upcoming PPI report, a 0.5% monthly rise cannot be ruled out, which would push the year over year rate toward 3.1%. So don't get too excited about the softer CPI last week and the huge rates rally. Additional releases this week will help clarify whether recent severe winter weather has disrupted factory sector activity. January industrial production, due Wednesday, should benefit from a jump in utility output, while weather effects may weigh on the Empire State Survey tomorrow and the Philadelphia Fed survey on Thursday. Labor market data will also be in focus, particularly Thursday’s jobless claims, which line up with the survey week for the February employment report. As our economists have pointed out, private nonfarm job gains have averaged 103k over the past three months, slightly above the pace at this point in 2025 and matching the start of 2024. See their latest US employment chartbook here. This week will also feature a dense lineup of Federal Reserve speakers which you can see alongside all the key global data in the day-by-day week ahead calendar at the end as usual. Moving away from the US, inflation will also be in focus in Japan (Friday) and Canada (tomorrow). For the former, our Chief Japan Economist sees the January nationwide CPI showing a slowdown in both core CPI inflation ex. fresh food to 2.1% YoY (+2.4% in December) and core-core CPI inflation ex. fresh food and energy to 2.7% (+2.9%). Also important will be the global flash PMIs due on Friday as a health check on global growth. In Europe, the spotlight will be on UK inflation (Wednesday), with labour market data due tomorrow and retail sales on Friday. Our UK economist expects headline CPI inflation to drop to 3.0% YoY (3.4% in December) and core CPI also landing at 3.0% YoY (3.2% YoY). See more in his full preview here. In terms of key rate decisions, the RBNZ are expected to remain on hold on Wednesday. Finally, the Munich Security Conference wrapped up over the weekend, where key topics included Ukraine, Russia, and the fate of Greenland. And while US Secretary of State Marco Rubio’s speech was nothing like Vice President JD Vance’s at last year’s conference, which triggered a “wake-up” call for European leaders, Rubio reiterated the administration’s view that Europe needed to leave behind its focus on energy policies, trade and mass migration. Recapping last week now, the tech volatility that has dogged markets since the start of the month broadened into a far more indiscriminate sell-off. The trough came on Thursday, marked by a sharp drop in software stocks, but the weakness extended well beyond tech. Companies across wealth management, real estate and financials suffered double digit declines, underscoring how widespread the pullback has become. Market breadth confirmed this shift as the equal weighted S&P 500 fell -1.37% on Thursday, though it managed to finish the week up +0.29% (+1.04% on Friday). Ultimately, the sell-off left the major US indices on the back foot: the S&P 500 slipped -1.39% (+0.05% on Friday), the Nasdaq lost -2.10% (-0.22% on Friday), and the Magnificent 7 slid -3.24% (-1.11% on Friday). Although the AI scare dominated sentiment, a heavy slate of US data also shaped the market narrative. Early in the week, softer prints—including flat December retail sales, a dovish Q4 Employment Cost Index, and slower Q4 growth expectations from the Atlanta Fed—pushed Treasury yields lower across the curve. That picture shifted midweek after a stronger than expected January jobs report, which delivered the largest gain in nonfarm payrolls (+130k vs. +65k expected) since December 2024 and reinforced confidence that the US economy carried solid momentum into 2026. Then on Friday, January CPI came in below expectations, adding another dovish note. Although the data offered mixed signals at times, the overall takeaway was sufficiently dovish for traders to increase the number of expected rate cuts by December 2026 to 63.4bps (+7.7bps on the week). This helped drive the largest weekly drop in the 10 year Treasury yield since August 2025, down -15.8bps (-5.0bps on Friday) to 4.05%. The 2 year yield also moved sharply lower, falling -8.9bps to 3.41% (-4.8bps on Friday), its lowest level since 2022. European markets, meanwhile, delivered a comparatively resilient performance. The STOXX 600 (+0.09%, -0.13% Friday), DAX (+0.78%, +0.25% Friday) and FTSE 100 (+0.74%, +0.42% Friday) all posted modest gains for the week. European sovereign bonds rallied as well, with the 10 year bund yield dropping -8.7bps—its steepest weekly decline since April 2025. That move was outpaced by gilts, which fell -9.8bps (-3.6bps on Friday) despite a sharp early week sell-off triggered by renewed questions surrounding Prime Minister Keir Starmer’s position. Elsewhere, performance was mixed. Brent crude edged down -0.44% (+0.34% on Friday), while gold extended its upward run, rising +1.56% (+2.43% on Friday). Will London’s half term week finally give us a quiet week in 2026? You’d probably have to guess at ‘unlikely’. Tyler Durden Mon, 02/16/2026 - 09:40

Mizuho analysts have highlighted the significant pipeline potential of Amgen (AMGN), specifically mentioning its drugs MariTide and Olpasiran as key future growth drivers.

Mizuho Securities has reiterated its 'Outperform' rating for Insmed Incorporated (INSM), signaling continued confidence in the pharmaceutical company's stock performance.

Mizuho has reduced its price target for Accenture (ACN) after the company provided weaker-than-expected fiscal year 2026 guidance.

At Nissan Motor's shareholder meeting, Motohisa Nagai, formerly of Mizuho Financial Group, was denied reappointment as an outside director, receiving just over 48% of the votes. Major shareholder Renault abstained from the vote, raising questions about future management implications.

Renault, which owns roughly 36% of Nissan, plans to abstain from voting for two board members who have ties to Mizuho Financial Group, Nissan's biggest creditor.

Mizuho suggests that AvalonBay (AVB) is positioned to potentially benefit from shifts and changes occurring within the housing market.

D-Wave Quantum's stock saw a significant increase after Mizuho raised its price target following the company's analyst day.

Mizuho Securities has reiterated its 'Outperform' rating for Chewy (CHWY), indicating continued confidence in the online pet supply retailer's stock performance.

Mizuho has increased its price target for Credo Technology (CRDO) after the company reported its financial results for the fourth quarter of 2026. This adjustment reflects an updated outlook on the company's performance.

Mizuho has increased its price objective for Cigna (CI), citing an improved outlook for regulatory stability in the healthcare sector.

Mizuho has raised its price target for Advanced Micro Devices (AMD), attributing the increase to the continued growth in AI infrastructure.

Mizuho has reiterated its Neutral rating for Comstock Resources (CRK).

Bank of America is reportedly hiring a deal maker from Avendus for a significant role in India, following a major departure from Mizuho.

Mizuho has increased its price target for Micron Technology (MU) to $1,150, while maintaining an Outperform rating on the stock.

Micron Technology (MU) stock has seen a significant surge, reaching record highs, driven by strong demand for its memory products in the artificial intelligence sector. Analysts are optimistic about the company's future performance, citing a potential DRAM memory boom.

Mizuho upgraded Phillips 66 while cutting HF Sinclair, with analysts predicting that oil prices will not normalize until 2027.

Mizuho increased its price target for CVS Health by $8, while DA Davidson lowered its price target for Roblox stock. These adjustments reflect updated analyst expectations for the respective companies.

Mizuho Bank is set to acquire a stake in Rakuten Bank, with the two megabanks planning to collaborate on services for corporate clients to boost earnings.

Mizuho has reportedly lowered its target price for Moody's (MCO) stock. This decision comes despite Moody's reporting an earnings beat.

Mizuho, a financial institution, has raised its price target for Corning (GLW) stock. This adjustment reflects an updated positive outlook on the company's future performance from the analyst.

Japan's largest lender MUFG and Mizuho Financial Group both announced substantial increases in their fourth-quarter profits. MUFG reported a 438% jump, while Mizuho's profit surged by 660%.

MUFG Bank, Sumitomo Mitsui Banking, and Mizuho Bank are expected to be granted access to Mythos as early as the end of May, following a visit by Bessent.

Primoris has received an upgrade from Mizuho, citing bookings growth opportunity despite the company's first-quarter miss.

Mizuho has increased its price target for Micron (MU) to $740. This reflects a revised and more positive expectation for the memory and data storage company's stock.

Mizuho has increased its target for Alphabet (GOOG) shares, citing a strengthening outlook for Google Cloud's performance.

Mizuho has increased its price target for Costco (COST), citing strong sales momentum as the primary reason for the optimistic outlook.

At the Social Democratic Party's convention, leader Mizuho Fukushima stated the party must fulfill its role in protecting the constitution and committed to expanding the party's strength.

Mizuho has increased its price target for Sunoco to $75, implying that the fuel distribution giant may be an undervalued investment opportunity.

Mizuho analysts predict a rally for CrowdStrike shares, citing increased attention to AI-driven cybersecurity risks, particularly those highlighted by Anthropic's Project Glasswing.

Mizuho has come to the defense of Travel + Leisure following the company's recent stumble in its post-earnings performance.

Mizuho has reportedly lowered its price target for Palantir Technologies (PLTR) stock.

Bank of America and Mizuho have both reduced their price targets for AIG, while maintaining their neutral ratings on the insurance giant.

Mizuho has lowered its price target for ADMA Biologics Inc. (ADMA) from $30 to $24. This adjustment reflects a revised outlook on the company's stock performance.

Mizuho has adjusted its target for Arthur J. Gallagher (AJG) but maintains a bullish outlook on the broader brokerage sector.

Mizuho identifies a strong risk-reward profile for Corbus Pharmaceuticals Holdings, Inc. near its cash value.

Mizuho has downgraded PayPal's stock to Neutral, expressing concerns that competition from X (formerly Twitter) poses a significant threat to PayPal's Venmo service.

Bank of America cut its price target for Prudential (PRU), with Mizuho also lowering its price target while maintaining a neutral rating on the stock.

Multiple financial firms, including Mizuho and Piper Sandler, have revised their price targets for Microsoft stock. These adjustments largely involve lowering targets, with one firm cutting its target by $103, ahead of the company's upcoming Q3 report.

Financial firms Mizuho and BofA have increased their price targets for Corning (GLW) stock, signaling a positive outlook for the company.

Mizuho analysts believe that concerns over 'peak memory' are overblown and recommend buying the dip in SanDisk stock.

Enliven (ELVN) has seen its price targets raised by H.C. Wainwright and Mizuho, reflecting positive analyst sentiment.

Baird, a financial services firm, has reduced its price target for Nyxoah SA (NYXH) shares from $5.87 to $4.62. This adjustment reflects a revised outlook on the company's financial performance or market conditions.

Mizuho analysts suggest buying Micron and Sandisk during price dips, while Morgan Stanley also defends memory stocks including Sandisk, indicating continued analyst interest and varied positive sentiments.

Mizuho has increased its price target for BridgeBio Pharma (BBIO) from $91 to $106, explaining the factors contributing to this revised target.

Mizuho has adjusted its price target for Phreesia (PHR) downwards to $19, reflecting a revised outlook for the company's stock performance.

Mizuho initiated coverage with an outperform rating, stating that growing demand for meat is expected to boost a specific stock in the sector.

Mizuho has adjusted its price target for RPM International (RPM) lower while continuing to maintain an "Outperform" rating for the stock.

Mizuho has upgraded its rating for Chipotle Mexican Grill (CMG) stock from Neutral to Outperform, signaling increased confidence in the company's performance.

Mizuho has upgraded shares of a specific software company to outperform from neutral, anticipating that AI-driven growth will lead to gains following a decline at the start of 2026.

Mizuho has trimmed its price target for Robinhood Markets, Inc. (HOOD), citing weaker equity and options trading activity on the platform.

Mizuho has lowered its price target on Invitation Homes Inc. (INVH) to $26 from $27, maintaining a Neutral rating on the residential rental company.

Mizuho has upgraded Canadian Solar, indicating that the market has now priced in the impact of the Foreign Entity of Concern (FEOC) regulations on the company.

Mizuho Securities has identified Booking Holdings (BKNG) as its top pick among internet stocks, indicating a positive outlook for the company.

VICI Properties has been downgraded by Mizuho, citing a 'Caesars Overhang' and other contributing factors for the revised rating.

Mizuho has raised its price target on Circle Internet Group (CRCL) to $100 while maintaining a Neutral rating.

Mizuho downgrades AES after the company entered into a $10.7 billion takeover agreement.

Mizuho has decreased its target price on SM Energy (SM) to $31, following the release of its fourth-quarter earnings.

Mizuho analysts believe Brown & Brown (BRO) is well-positioned in the market, facing limited disruption risk from artificial intelligence.

Mizuho Bank announces plans to replace 5,000 clerical positions with artificial intelligence over the next decade, signaling a significant shift in its workforce strategy.

Mizuho revises its valuation for Kraft Heinz (KHC) following presentations at CAGNY.

Mizuho has increased its price target for Solstice Advanced Materials, Inc. (SOLS) to $80 while maintaining a Neutral rating on the stock.

Mizuho analysts have issued a 'buy' rating for Palantir stock, describing the company as being in a 'category of one' due to its unique market position.

Mizuho increased its price target for Sherwin-Williams (SHW) to $410 following a positive review of the company's recent earnings.

Mizuho Securities is experiencing a wave of companies withdrawing lead underwriter roles for bond issuances following a forced investigation by the Securities and Exchange Surveillance Commission into alleged illicit stock trading by an employee.

Mizuho sees shares of Palantir rallying 47% from here.