Wells Fargo cut the price target for Colgate-Palmolive Company (NYSE: CL) from $80 to $75. Colgate-Palmolive shares rose 0.8% to trade at $70.84 on Monday.
Pre-open movers
U.S. stock futures traded mixed in early pre-market trade on Friday after recording losses for the week, month and quarter. The Dow Jones settled below the 29,000 level for the first time since November 2020, while the S&P 500 index also recorded its worst month since March 2020.
A whale with a lot of money to spend has taken a noticeably bullish stance on American Tower.
Looking at options history for American Tower (NYSE:AMT) we detected 18 strange trades.
American Tower (NYSE:AMT) has outperformed the market over the past 10 years by 2.75% on an annualized basis producing an average annual return of 13.11%. Currently, American Tower has a market capitalization of $111.88 billion.
American Tower (NYSE:AMT) has outperformed the market over the past 20 years by 18.82% on an annualized basis producing an average annual return of 26.36%. Currently, American Tower has a market capitalization of $117.40 billion.
T-Mobile US Inc. (NASDAQ: TMUS) and Elon Musk's SpaceX jointly announced a technology cooperation agreement on Thursday at the former's Starbase facility in south Texas.
Real estate investment trusts (REITs) afford individuals the opportunity to invest in real estate. Typically REITs are massive in scale and are income producing. REITs can be diverse or focus on a specific segment.
American Tower (NYSE:AMT) has outperformed the market over the past 20 years by 20.59% on an annualized basis producing an average annual return of 28.4%. Currently, American Tower has a market capitalization of $128.51 billion.