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Ralph Lauren reported earnings of $4.17 per share, excluding items, while analysts surveyed by FactSet expected earnings of $3.57 per share. The company, which is anticipating soft sales growth this year, also announced a $1 billion share buyback program. Arm Holdings — The chipmaker's stock soared more than 28% after it reported a fiscal third-quarter earnings beat . Apollo Global Management — Shares rose nearly 3% after the asset management company's fourth quarter earnings topped estimates. The company reported $32 billion of inflows during the quarter, pushing its total assets under management to $651 billion.
Persons: Ralph Lauren —, Ralph Lauren, Morgan Stanley, Ally, Mattel —, Barbie toymaker, LSEG, Moody's, NYCB, FactSet's, , Jesse Pound, Tanaya Macheel, Lisa Kailai Han, Michelle Fox Theobald Organizations: , Revenue, Mattel, PayPal, New York Community Bancorp, Arm Holdings, Apollo Global Management, American, American Express, Maersk —, Maersk Locations: Danish
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMattel CEO Ynon Kreiz sits down with Jim Cramer after mixed Q4 resultsMattel Chairman and CEO Ynon Kreiz joins 'Mad Money' host Jim Cramer to talk Q4 earnings, the toy manufacturing space, and more.
Persons: Ynon Kreiz, Jim Cramer Organizations: Mattel
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMattel CEO: We are looking to continue developing cultural & societal moments through our productsMattel Chairman and CEO Ynon Kreiz joins 'Mad Money' host Jim Cramer to talk Q4 earnings, the toy manufacturing space, and more.
Persons: Ynon Kreiz, Jim Cramer Organizations: Mattel
In a Wednesday interview with CNBC's Jim Cramer, Mattel CEO Ynon Kreiz detailed the company's growth strategy, saying its aim is to engage consumers through culture. "We're very much about embracing culture, creating cultural moments, cultural touch points and make sure that we take brands that are timeless and make them timely," Kreiz said. "We look to continue to create these moments, these special connections with people who buy our product." Mattel has seen a lot of attention after the huge box office success of "Barbie," its collaboration with Warner Bros. Kreiz said another example of the company's effort to keep its brands relevant is through products like Super Bowl-themed toys, which include Barbie dolls.
Persons: CNBC's Jim Cramer, Ynon Kreiz, Kreiz, Mattel, Barbie, Barney Organizations: Mattel, LSEG, Warner Bros . Discovery
NEW YORK (AP) — Gap Inc. has tapped American fashion designer Zac Posen as the chain's creative director. Dickson had previously been president of toy giant Mattel and was responsible for re-energizing its Barbie and Hot Wheels lines. Gap also operates stores under Athleta and Banana Republic, Old Navy and its namesake brand. Photos You Should See View All 45 ImagesHe'll be executive vice president at Gap Inc. and also chief creative officer for the lower-priced Old Navy chain. Posen will work closely with Haio Barbeito, Old Navy’s president and CEO, reporting directly to him, the company said.
Persons: Zac Posen, Richard Dickson, Dickson, ” Posen, Katie Holmes, Rihanna, Haio Barbeito Organizations: San, Mattel, Navy, , Gap Inc Locations: San Francisco, Banana Republic, Posen
Check out the companies making headlines before the bell: Estee Lauder — The cosmetics stock jumped 15% after Estee Lauder beat expectations with its latest results. In its second quarter, Estee Lauder reported adjusted earnings of 88 cents per share, topping the FactSet consensus estimate of 54 cents per share. Caterpillar — Shares of the heavy machinery maker popped more than 4% after the company reported adjusted earnings per share of $5.23 for the fourth quarter. In its first quarter, the industrial gas supplier reported adjusted earnings of $2.82 per share, weaker than earnings of $3.00 per share expected by analysts polled by StreetAccount. Stellantis — Stellantis shares slid 1.7% after Italian daily Il Messaggero , citing financial sources, reported the French government is reviewing a merger between Stellantis and Renault to compete with German and Chinese automakers, according to FactSet.
Persons: Estee Lauder, Catalent, Goldman Sachs, Il, McDonald's, — CNBC's Brian Evans, Michelle Fox, Fred Imbert, Hakyung Kim, Pia Singh Organizations: Novo Holdings, Caterpillar —, Revenue, North America . Air Products, Chemicals, Air Products, StreetAccount, JPMorgan, Nvidia —, Stellantis, Renault, McDonald's, Merck Animal Health, Mattel —, Warner Bros Locations: North America, StreetAccount .
Jim Cramer said this deal is Novo's way to "get more product" and addresses the "tremendous shortage" of these high-demand drugs. Shares of Eli Lilly , a stock in the CNBC Investing Club 's portfolio, were also up more than 4% ahead of Tuesday's earnings. Snap – The social media firm laid off 10% of its workforce ahead of Tuesday's earnings. Jim pointed out that Club name Starbucks (SBUX) has also been experiencing the same thing. Jim said buy McDonald's stock on weakness.
Persons: Jim Cramer, Eli Lilly, Lilly, Cramer, Cigna –, Cantor Fitzgerald, Jim Organizations: Nordisk, Catalent, CNBC, Microsoft, RBC Capital, Humana, Starbucks, Mattel –, JPMorgan, Vision, Apple Locations: Danish, Israel
Elsewhere, Goldman Sachs reiterated a buy rating on Nvidia and raised its price target on the high-flying semiconductor maker. Yet his price target sits at $225, implying an upside of 19.7% as he sees opportunity elsewhere. "Anyone pulling up a chart of UBER share price performance in 2023 will think, 'That's a scary chart. Analyst Sarah James upgraded the insurer to overweight from neutral and hiked her price target o $372 from $334. — Alex Harring 5:42 a.m.: Goldman hikes Nvidia price target Things continue to look up for Nvidia , according to Goldman Sachs.
Persons: Goldman Sachs, Piper Sandler, Alexander Potter, Potter, Tesla, Alex Harring, Bernstein, Uber, Nikhil Devnani, Devnani, — Alex Harring, Keith Horowitz, Horowitz, Cantor Fitzgerald Cigna, Cantor Fitzgerald, Sarah James, James, Ben Hendrix, Hendrix, Christopher Horvers, Horvers, Barbie, Goldman, FY4Q, Toshiya Hari, Fred Imbert Organizations: CNBC, JPMorgan, Mattel, Nvidia, Citi, Investors, Citizens, Financial, New York Community Bancorp, Aozora, T Bank, RBC Capital, Warner Bros, Golden Globes, Microsoft Locations: California, New, Friday's
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorning Meeting rapid fire: Catalent, Snap, Cigna, McDonald's and MattelJim Cramer runs through five stocks in the news Monday
Persons: Mattel Jim Cramer Organizations: Mattel
Here are Monday's biggest calls on Wall Street: Goldman Sachs reiterates Nvidia as buy Goldman raised its price target on the stock to $800 per share from $625. "So, since our price target is > $135, we must necessarily believe that Tesla's OTHER businesses will emerge to drive upside. JPMorgan downgrades Mattel to neutral from overweight JPMorgan said in its downgrade of Mattel that the Barbie boost was short-lived for the toy company. JPMorgan reiterates Amazon as overweight JPMorgan said it's standing by top idea Amazon. " JPMorgan reiterates PayPal as overweight JPMorgan said it's standing by PayPal heading into earnings later this week.
Persons: Goldman Sachs, Goldman, Cantor Fitzgerald, Cantor, it's, Piper Sandler, Tesla, Piper, Riley downgrades, Redburn, TD Cowen, Smith Douglas, it's bullish, JPMorgan downgrades, Barbie, Evercore, , Moffett, Guggenheim, Davidson downgrades Clorox, cyberattack Organizations: Nvidia, Bank of America, Apple, Apple's, Vision, Tesla Energy, Cedar Fair, SIX, Citi, JPMorgan downgrades, JPMorgan, Broadband, Companies, Smith, Smith Douglas Homes, JPMorgan downgrades Mattel, Mattel, Guggenheim, Inc, DA, PayPal Locations: United States
In a letter days before the Fed’s decision Wednesday to hold interest rates steady at a 23-year high, Democratic US senators blasted the central bank for America’s housing woes. In 2021 when the Fed’s key interest rate was near zero, home-price growth soared at a historic double-digit pace, according to the S&P CoreLogic Case-Shiller National Home Price Index. Divounguy said that the average 30-year fixed mortgage rate will likely not fall below 6% this year. That way we can actually start heading in the right direction with affordability and have that be sustainable and not just a short-term interest rate phenomenon,” she said. Richmond Fed President Thomas Barkin delivers remarks.
Persons: Valerie Plesch, Orphe Divounguy, Freddie Mac, it’s, Fannie Mae, Divounguy, ” Daryl Fairweather, Trump, Jerome Powell, Donald Trump, Powell, David Goldman, Alexandra Ross, ” Trump, Maria Bartiromo, Joe Biden, Estee Lauder, Tyson, Raphael Bostic, Eli Lilly, Loretta Mester, Walt Disney, Adriana Kugler, Thomas Barkin, Michelle Bowman, Ralph Lauren, Armour Organizations: CNN Business, Bell, DC CNN, Federal Reserve, Democratic, Eccles Federal Reserve, Bloomberg, Getty, CNN, National Association of Realtors, Fox Business, Bureau of Labor Statistics, Trump, Fed, Caterpillar, Tyson Foods, P Global, Institute for Supply Management, Atlanta Fed, Toyota, UBS AG, Chipotle, Cleveland Fed, Walt, CVS, PayPal, Brands, Fox, The Carlyle, News Corporation, New York Times Company, Mattel, Spirit Airlines, US Commerce Department, China’s National Bureau of Statistics, ConocoPhillips, Unilever, Duke Energy, Expedia, Warner Music Group, Tenet Healthcare, Richmond Fed, Pepsico, Honda Locations: Washington, Washington , DC, CAVA
The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.
Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah
Activist investor Barington Capital is pushing Mattel to consider selling off its American Girl and Fisher-Price brands, citing underperformance within the divisions. Mattel shares were up around 3% in premarket trading Friday following a letter sent to Mattel Thursday, which was first reported by the Wall Street Journal. American Girl and Fisher-Price, two iconic brands, are among the most popular in their respective markets. Mitarotonda said that if Mattel cannot stymie continued erosion in both Fisher-Price and American Girl, which has suffered similar declines, the company "may not be the right owner of these brands." "We believe that these brands are now detracting from the success at Mattel's other segments and hurting shareholder value," Mitarotonda said in a release.
Persons: Barbie, Barington, Price, Fisher, Barington's James Mitarotonda, Ynon Kreiz, Mitarotonda, Mattel, Kreiz, Michael Dolan, Dolan Organizations: Mattel Inc, Mattel, American, Price, Wall Street, Fisher, Bacardi, IMG, Young, Body Works, Darden Locations: El Segundo , California
Amazon — The e-commerce giant popped nearly 7% a day after posting an earnings and revenue beat . Revenue came in at $1.56 billion, topping the consensus estimate of $1.45 billion. The company reported $2.48 earnings per share, while analysts polled by LSEG had expected $2.21 per share. Analysts polled by LSEG expected guidance of $8.9 billion in revenue and earnings of $4.18 per share this year. Cinga also raised its full-year revenue outlook to at least $235 billion, topping the consensus estimate of $228.65 billion, per StreetAccount.
Persons: Amazon's, LSEG, Skechers, , Clorox, Cigna, Cinga, Mattel, Hakyung Kim, Sarah Min, Jesse Pound Organizations: LSEG, Revenue, Myers, Chevron, LSEG . Revenue, Exxon Mobil —, Apple —, Apple, Technology, Journal, Barington, Mattel, Citi, Sea Limited Locations: Bristol, China
Apple — The iPhone maker's shares inched down 0.3% after Apple provided financial guidance for the current quarter that hinted at weak iPhone sales. Amazon posted $1 in earnings per share on $169.96 billion in revenue, according to LSEG. Analysts polled by LSEG had estimated $8.9 billion in revenue and earnings of $4.18 per share this year. Bristol Myers Squibb — The pharmaceutical stock added 1% after fourth-quarter earnings and revenue at the maker of the Opdivo anti-cancer treatment beat analysts' estimates. ExxonMobil , the largest oil company in the U.S., rose 1% after its fourth-quarter earnings per share topped analysts' estimates.
Persons: LSEG, Cigna, Barbie toymaker, Clorox, , Alex Harring, Yun Li, Tanaya Macheel, Michelle Fox Organizations: Revenue, Apple, Amazon, Analysts, Bristol Myers Squibb, LSEG . Revenue, Wall, Mattel —, Barington, Mattel, Price, Chevron —, Chevron, LSEG, ExxonMobil, Intel, Street Journal Locations: China, U.S, Ohio
CNN —It’s Oscars season and “Barbie” is dominating the discourse. But here’s the thing; “Barbie” is neither smart enough nor interesting enough to be inspiring this level of uproar. It’s also important to remember that “Barbie” has most certainly not been ignored by the Academy Awards’ members. It has eight nominations – which is far more than many of 2023’s other women-directed films got. While “Barbie” achieved cultural phenomenon status last year, other films that took a more complicated approach to womanhood were shut out of the Oscars and the mainstream awards circuit completely.
Persons: Hannah Ryan, CNN —, “ Barbie ”, Hannah Ryan Hannah Ryan, Greta Gerwig’s, Margot Robbie didn’t, Robbie, Gerwig, Hillary Clinton, Ryan Gosling, Ken, Barbie’s, Barbie ”, “ Barbie, , Frances Ha ”, Barbie, Ken –, It’s, Sofia Coppola’s “ Priscilla ”, Priscilla Presley’s, Elvis –, Molly Manning Walker’s, , Ava DuVernay’s, Cailee Spaeny, Mia Mckenna, Bruce, Aunjanue Ellis, Taylor, Isabel Wilkerson’s, Priscilla ”, Lily Gladstone, Martin Scorsese, Gladstone, Bird ”, Wes Anderson’s, Rockwell’s, haven’t Organizations: CNN International, CNN, Mattel, Academy, Pulitzer, Cannes Film Locations: The, A.V
Now, CNN has learned that Mattel hopes to maintain that momentum with a cinematic adaptation of another kids’ character: Bob the Builder. An animated movie based on the long-running animated children’s series is in development, with Jennifer Lopez attached to executive produce and “In the Heights” star Anthony Ramos set to voice the beloved titular cartoon contractor. This new take on “Bob the Builder” will “celebrate the vibrant and colorful textures of the Caribbean Latin nations and their people.”Aside from voicing Bob the Builder, Ramos will also serve as a producer. In a statement, Ramos said that the movie will focus on friends working together and how love can help conquer any obstacle. The “Bob the Builder” television series ran in worldwide syndication for over a decade in the early aughts, and is known for its popular catchphrase, “Can we fix it?
Persons: “ Barbie, Mattel, Bob, Jennifer Lopez, Anthony Ramos, Roberto “ Bob ”, Ramos, Lopez, Elaine Goldsmith, Thomas, Benny Medina, . Abrams, Vin Diesel, “ Barney ”, Daniel Kaluuya, Polly, , Lena Dunham, Lily Collins, , Matt Mason ”, Tom Hanks Organizations: CNN, Mattel, Getty, Nuyorican Productions, , UNO Locations: Puerto Rico, Caribbean, American
Opinion | ‘Barbie’ Is Bad. There, I Said It.
  + stars: | 2024-01-24 | by ( Pamela Paul | ) www.nytimes.com   time to read: +1 min
Critically and commercially, several movies did well, and only one of those successes took place within the Marvel cinematic universe. Is it safe now to call “Barbie” the outlier? After “Barbie” so buoyantly lifted box office figures, it also felt like a willful dismissal of the need to make Hollywood solvent after a season of hell. Disliking “Barbie” meant either dismissing the power of The Patriarchy or dismissing Modern Feminism. They despised its commercialism and dreaded the prospect of future films about Mattel properties like Barney and American Girl dolls.
Persons: “ Barbie, winsome, “ Barbie ”, , Barney Organizations: Marvel, Mattel Locations: American
CNN —Ryan Gosling is grateful for his Oscar nomination, but joined the chorus of people who question the omission of his costar Margot Robbie and director Greta Gerwig from their individual respective categories. Gosling was nominated on Tuesday in the supporting actor category for his portrayal of Mattel’s Ken doll in “Barbie,” last year’s biggest blockbuster, starring alongside Robbie’s titular Barbie. While Gerwig and Robbie were not recognized individually, they did each earn Oscar nominations this week. In his statement, Gosling also honored his costar America Ferrera, who earned a surprise supporting actress nod for her performance in the film. Having said that, I am so happy for America Ferrera and the other incredible artists who contributed their talents to making this such a groundbreaking film.”- Ryan Gosling, “Barbie”
Persons: CNN — Ryan Gosling, Margot Robbie, Greta Gerwig, Gosling, Ken, “ Barbie, , Robbie’s, Barbie, Gerwig, Robbie, Barbie ”, Oscar, Noah Baumbach, America Ferrera, , l’d, I’m, Ryan Gosling, “ Barbie ” Organizations: CNN, Warner Bros . Pictures, Warner Bros ., America
When the 2024 Oscar nominations were announced this morning, the snubs of the two most prominent women involved in “Barbie” — the director, Greta Gerwig, and the lead actress, Margot Robbie — became the breakout story. The top-grossing film of 2023, passing the $1 billion mark worldwide, is based on the imagined life and times of the iconic Mattel doll. A cultural phenomenon on its own terms, “Barbie,” along with “Oppenheimer,” became half of an unusually thoughtful summer blockbuster duo released on the same day in July (“Barbenheimer”): nothing to sneeze at. “Let me see if I understand this: the Academy nominated ‘Barbie’ for Best Picture (eight nominations total) — a film about women being sidelined and rendered invisible in patriarchal structures — but not the woman who directed the film. Okay then,” read a viral X post by the writer Charlotte Clymer.
Persons: “ Barbie ”, Greta Gerwig, Margot Robbie —, “ Barbie, “ Oppenheimer, , ‘ Barbie ’, , Charlotte Clymer, Gerwig, Noah Baumbach, Ryan Gosling, Gosling, Ken, “ We’re, Jodi Lipper Organizations: Mattel, America Locations: Barbieland
In early 2023, YouTuber Lizzy Capri felt trapped in "creator prison." Starting in 2017, Capri became known online as "Lizzy Sharer" (she became "Lizzy Capri" in 2019). In the world of influencers, having a "niche" — specific content geared toward a specific audience — is often praised as an asset. In March 2023, she published a video titled "Goodbye to the old Lizzy..." to announce her content would change. Lizzy CapriThe hard pivot was tough financiallyWhen she pivoted, Capri did it more for herself than for the business.
Persons: Lizzy Capri, she'd, Capri, she's, Lizzy Sharer, OnlyFans, I've, it's, Bryce Adams, Adams Organizations: Business, Mattel, Locations: Capri, OnlyFans, States
Once known as a staple American mall brand, Gap lost its relevance among consumers who traded shopping centers for e-commerce. "Gap brand, as you know, has tremendous heritage as a pop culture brand," Dickson told investors. Jennifer Ortakales Dawkins/Business InsiderGap's design team is playing it too safe for today's competitive market. Jennifer Ortakales Dawkins/Business InsiderOn that note, Gap could be doing a lot more to market to younger generations. Jennifer Ortakales Dawkins/Business InsiderBriggs suggests brands like Gap go where their younger customers spend much of their time: TikTok, YouTube, and Instagram.
Persons: , Richard Dickson, Dickson, Ellyn Briggs, Barbie, Neil Saunders, Jennifer Ortakales Dawkins, Briggs, Gen Zers, Gen, Gen Z, Piper Sandler's Organizations: Service, Mattel, Morning, New York City, Grand Central, Free, Nike, Alpha, Teens, Times, YouTube Locations: New York City, New York, Grand
She told Variety she was going to play a Barbie "who talked to herself and always had her pet dog." It sounds an awful lot like she was supposed to play the recalled Barbie doll that came with a pooping dog. AdvertisementSaoirse Ronan has shared some details about the "Weird Barbie" role she almost played. "I don't know what he was going to be, but I was definitely going to be a Weird Barbie. Kate McKinnon as Weird Barbie with Tanner the dog in "Barbie."
Persons: Saoirse Ronan, Variety, Barbie, , Wonka, Chalamet, Ronan, Kate McKinnon, didn't, Tanner, Mattel, Jimmy Fallon, Hannah Khalique, Brown, Ken, Rob Brydon, Greta Gerwig's, Dan Levy Organizations: Service, Variety, US Consumer Product Safety Commission, Warner Bros Locations: Welsh
Spirit Airlines , JetBlue Airways — The airline stocks slid after a federal judge blocked JetBlue Airways' proposed $3.8 billion acquisition of Spirit Airlines. JetBlue shares fell nearly 1%, while Spirit Airlines dropped more than 20%. SolarEdge Technologies — The solar stock fell 5% following a downgrade by Barclays to underweight from equal weight. Twist Bioscience — Shares climbed 3.2% on the heels of an upgrade to buy from neutral at Goldman Sachs. Ford — Shares shed 2.3% on the back of a UBS downgrade to neutral from buy.
Persons: Sinclair —, Sinclair, Goldman Sachs, Davidson, William Blair, Nutanix, Wolfe, Uber, Tesla, Morgan Stanley —, Ted Pick, Visteon, Morgan Stanley, Morgan, , Sarah Min, Yun Li, Jesse Pound, Michelle Fox Organizations: Spirit Airlines, JetBlue Airways —, JetBlue Airways, Bank of America Securities, Susquehanna Financial, JetBlue, LSEG, Diamond Sports Group, Diamond, Technologies, Barclays, Goldman, , Broadcom, VMware, Deutsche Bank, Ford —, UBS, JPMorgan, Polaris, Mattel Locations: Rivian, China
Following the ruling, Bank of America downgraded Spirit to an underperform rating, while Susquehanna downgraded the airline to negative. Rivian — The electric vehicle manufacturer slid nearly 8% following a downgrade to a hold rating from Deutsche Bank. Polaris , Mattel — The stocks moved following rating changes from Morgan Stanley. Meanwhile, toymaker Mattel slid 2.8% after Morgan Stanley downgraded shares to equal weight, citing lofty consensus estimates and a tough 2024 outlook. Marathon Digital — The crypto mining firm slid 3% during Wednesday's trading session.
Persons: JetBlue's, Sinclair —, Sinclair, SolarEdge — SolarEdge, Teladoc, Davidson, Nutanix, William Blair, Uber, Ford, Morgan Stanley —, Ted Pick, Morgan Stanley, TD Cowen, Gregory Lewis, , Alex Harring, Yun Li, Pia Singh, Samantha Subin Organizations: Spirit Airlines, JetBlue Airways —, Bank of America, Susquehanna, Interactive, LSEG, Diamond Sports Group, Diamond, Barclays, Broadcom, VMware, Wolfe Research, Deutsche Bank, UBS, JPMorgan, Polaris, Mattel, Automotive, Boeing, Federal Aviation Administration, BTIG, Marathon Digital Locations: Europe, China
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