On January 3, key market developments include potential interest rate cuts by China’s central bank and a shift to more conventional policies in 2025. Tesla’s shipments fell 3% year-over-year in 2024, leading to lowered global deliveries; however, Canaccord raised its price target to $404, citing future growth opportunities. Wolfe Research increased price targets for Coterra Energy and Wells Fargo, the latter benefiting from expected regulatory reforms. Deutsche Bank lifted SoFi’s target on positive economic sentiments post-election. BlackRock’s bitcoin ETF faces outflows, and a Cornell study links GLP-1 drug adoption to decreased grocery spending, impacting food companies.
