Top 10 Stocks To Watch On Friday: First Quarter Stars And Alphabet's AI Concerns

1. Wall Street begins its first quarter at the end of the month. It is difficult to discern the forest from the trees based on 10-year and 2-year Treasury yields. A lower-than-expected February inflation figure is expected to lift the Dow, S&P 500, and Nasdaq. With beaten-down tech stocks rising nearly 15% year-to-date, the Nasdaq has emerged as the stock market star in 2023.

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2. Piper Sandler, which cuts its price target for Alphabet (GOOGL) from $120 to $117 per share due to AI concerns. The rating remains overweight (buy). There is a risk of $15 billion in revenue. Computer hardware maker Nvidia (NVDA), with its fast chips necessary to run AI, and Microsoft (MSFT) benefit from artificial intelligence.

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3. Constellation Brands' (STZ) quarter report next week is odd. $1 per share is added to Barclays' price target. Maintains overweight (buy). BAC is ahead of consensus. To be honest, this stock looks like a miss. The Mexican beer industry has historically survived recessions thanks to Modelo and Corona.

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4. From market performance, TD Cowen upgrades Restaurant Brands (QSR). A $75 price target is raised from $72. Burger King is poised for a turnaround. DPZ's former executive chairman, Pat Doyle, is there as the executive chairman, trying to boost the company.

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5. Stephens cut its price target for CarMax (KMX) to $51 ahead of next month's results. It's a challenging group.

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6. The Virgin Orbit (VORB) company has gone into receivership. It will cease operations "for the foreseeable future" and will lay off 675 employees or around 90% of its workforce. It had been a company that gave blank checks whenever needed.

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7. Having raised its price target on Okta (OKTA) from $92 per share to $100 per share, Baird is now expecting the stock to reach $100 per share by the end of 2016. The CEO agreed with Baird during last night's "Mad Money" segment.

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8. ELF's share price has been raised by Morgan Stanley to $94 from $75 a share, which means that the company has a higher price target. Things are going really well for us. It seems that there will be an upside in the near future. Estee Lauder (EL) is a favorite.

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9. Chubb (CB) price target is raised by JPMorgan to $241 from $241 per share. The company is in a healthy position. It is doing incredibly well in the insurance and reinsurance markets.

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10. In an attempt to defend itself against the Hindenburg short-seller note that has been spewed by the Hindenburg in the last few days, Block (SQ), formerly known as Square, issued a rebuttal.

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