CIENA (NYSE: CIEN) stock has been on a strong run over the past few weeks, and the Adhishthana Principles suggest this strength may have more room to play out. Here's how the stock is positioned across both its weekly and monthly cycles, and why the setup points to continued upside.
U.S. stocks settled higher on Friday, with the Dow Jones index gaining around 300 points during the session following the release of inflation data. Major indices, however, recorded losses last week, with the Nasdaq Composite falling 0.7% and S&P 500 losing 0.3%. The Dow also fell 0.2% during the week.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
As the corporate earnings season rapidly approaches, financial markets are bracing for a period of intense scrutiny, with investor expectations reaching a fever pitch. A pervasive sense of optimism, fueled by robust economic fundamentals and the transformative potential of artificial intelligence, has set a high bar for publicly traded companies.
