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☆ Stocks making the biggest moves midday: Super Micro Computer, Tesla, Intel, Stellantis and more
▼ + stars: | 2024-12-02 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Tesla — The electric vehicle stock gained more than 3% after a Roth MKM upgrade to buy from neutral. The firm cited President-elect Donald Trump's close ties with CEO Elon Musk as a positive catalyst for Tesla's brand. Gap — Shares of the clothing retailer moved nearly 7% higher after receiving an upgrade to overweight at JPMorgan. Analyst Mike Harris said both cyclical and structural factors, including Trump's views on trade, could aid earnings growth for the broader industry. Dana — The auto parts manufacturer surged 14% on the heels of Barclays' upgrade to overweight from equal weight.

Persons: Pat Gelsinger, David Zinsner, Michelle Johnston Holthaus, Tesla, Roth, Donald Trump's, Elon Musk, Stellantis, Carlos Tavares, Tavares, Goldman Sachs, Mike Harris, Goldman, Okta, Morgan, Morgan Stanley, Dana —, Yun Li, Sarah Min, Sean Conlon, Alex Harring Organizations: Intel, JPMorgan, Commercial Metals Company —, Metals, Barclays Locations: Cleveland, Commercial Metals Company — Cleveland

☆ Stocks making the biggest moves midday: Advance Auto Parts, Robinhood, chip equipment makers and more
▼ + stars: | 2024-11-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Chip equipment stocks — Global chip equipment stocks rose on news that the Biden administration is considering further sanctions on sales of semiconductor equipment and artificial intelligence memory chips to China that could be less strict than earlier proposals. Advance Auto Parts — Shares dropped 7% after credit rating agency Moody's Ratings downgraded the auto parts company's senior unsecured debt to Ba1, below investment grade, according to FactSet. Hasbro — Shares jumped 2% after Elon Musk floated the prospect of acquiring the toymaker to secure the rights to Dungeons & Dragons. Zeta Global Holdings — The marketing software stock climbed 5.5% after the company's CEO called a recent short seller report "erroneous" on CNBC's "Closing Bell" on Wednesday. Crypto stocks — Stocks tied to the price of bitcoin rose as the cryptocurrency climbed closer to the $100,000 milestone.

Persons: Biden, ASML, Robinhood, Moody's, Elon Musk, Stocks, Yun Li, Jesse Pound, Hakyung Kim, Sarah Min, Sean Conlon, Pia Singh, Tanaya Macheel Organizations: Materials, KLA Corporation, Lam Research, Bloomberg, U.S . Securities, Exchange Commission, Trump, Advance, Hasbro —, Elon, U.S . Target, Costco, Walmart, Zeta Global Holdings, Holdings Locations: China, Dutch, Ba1

☆ Stocks making the biggest moves midday: Nordstrom, Dell, SolarEdge Technologies and more
▼ + stars: | 2024-11-27 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

Nordstrom's third-quarter revenue of $3.46 billion did come in above the $3.35 billion LSEG consensus. HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share, versus a FactSet estimate of 85 cents per share. Dell Technologies — The PC maker saw shares plunge 13% after the firm reported a revenue miss and forecast fourth-quarter revenue and earnings below Wall Street expectations. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Analysts surveyed by LSEG were looking for earnings of $2.12 per share on $1.62 billion in revenue.

Persons: Nordstrom, Erik Nordstrom, Nordstrom's, Stocks, Robinhood, George Kurtz, Ambarella, LSEG, StreetAccount, Janesh Moorjani, SolarEdge, Symbotic, Yun Li, Tanaya Macheel, Michelle Fox, Jesse Pound, Samantha Subin, Sean Conlon Organizations: HP —, HP, Outfitters, LSEG, Revenue, Dell Technologies, Dell, Autodesk, SolarEdge Technologies

☆ All eyes on this level for small caps that could unleash another 5% to 10% upside
▼ + stars: | 2024-11-14 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Small-cap stocks could see a monster rally ahead if they break above a key level. The Russell 2000 hit a high of 2,441.72 on Monday, just a hair below the November 2021 closing high of 2,442.74 before pulling back Tuesday and Wednesday. Small caps have been on a tear since the presidential election last week, after Donald Trump secured a second term. The Russell 2000 is up about 4.5% since the election, outperforming its large-cap counterparts. .RUT 5Y bar Russell 2000 less than 1% from record The technical strategist noted that move may not happen immediately.

Persons: Russell, Wolfe, Rob Ginsberg, Donald Trump, Yun Li Organizations: Wolfe Research, Dow Jones, Nasdaq

☆ Stocks making the biggest moves premarket: Goldman Sachs, Bank of America, Walgreens and more
▼ + stars: | 2024-10-15 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +3 min

Bank of America -- Shares moved 1% higher after third-quarter earnings and revenue topped Wall Street analysts' estimates. Goldman Sachs — Shares of the investment bank jumped more than 2% on better-than-expected quarterly earnings. Goldman Sachs posted earnings per share of $8.40 on $12.70 billion in revenue. Citigroup — Shares of the Jane Fraser-led bank added 1.7% after third-quarter earnings and revenue were better than consensus estimates. Charles Schwab — The brokerage company surged more than 7% after third quarter results beat analysts' estimates.

Persons: Johnson, J, Goldman Sachs, LSEG, UnitedHealth, Walgreens, Jane Fraser, Coty –, Coty, Charles Schwab, —, Yun Li, Michelle Fox, Samantha Subin, Sarah Min, Pia Singh Organizations: Bank of America, Wall, LSEG, Revenue, Johnson, Walgreens, Alliance, Citigroup —, Citigroup, PNC Financial, PNC, Coty, Energy, RBC Capital Markets, EV Locations: Pittsburgh, LSEG .

☆ Stocks making the biggest moves midday: ASML, UnitedHealth, Walgreens Boots Alliance and more
▼ + stars: | 2024-10-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: UnitedHealth — Shares plunged 7.2% after the health-care giant lowered its earnings guidance due to ongoing headwinds from a cyberattack earlier in the year. Walgreens Boots Alliance — The stock soared 11.9% following the drugstore chain's fiscal fourth-quarter earnings and revenue beat. Enphase Energy — Shares slid 6.8% on the back of a downgrade to sector perform from outperform by RBC Capital Markets. Johnson & Johnson — The health-care conglomerate gained 1.6% after posting quarterly results that exceeded expectations on the back of strong sales of oncology drugs. Energy stocks — Energy stocks declined as oil prices dropped about 5% , with the sector last down more than 2%.

Persons: UnitedHealth, ASML, Johnson, LSEG, Halliburton, Coty, Charles Schwab —, Yun Li, Alex Harring, Hakyung Kim, Michelle Fox, Pia Singh, Sarah Min Organizations: Walgreens, Alliance, Nvidia, Devices, Broadcom, Apollo, Bank of America, Enphase Energy, RBC Capital Markets, Energy, — Energy, APA, Diamondback Energy, Occidental Petroleum, Valero Energy, U.S, Citigroup —, PNC Financial, Boeing Locations: North Carolina, New York, Pittsburgh

☆ Stocks making the biggest moves premarket: Apple, Amazon, Pfizer, Hershey and more
▼ + stars: | 2024-10-07 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

NXP Semiconductor — Shares added 0.8% after UBS upgraded the chipmaker to buy from neutral. Amazon — Shares slumped nearly 2% after Wells Fargo downgraded the e-commerce company to equal weight from overweight, citing slowing growth and competition from Walmart. Pfizer — Activist investor Starboard Value took a roughly $1 billion stake , seeking a turnaround at the struggling company, sources told CNBC. American Express — The financial services stock fell more than 1% after JPMorgan downgraded shares to neutral from overweight. Ally Financial — The financial services stock added 1.4% on the back of a JPMorgan upgrade to overweight from neutral.

Persons: Jefferies, Wells, Coty, Ashley Helgans, Bernstein, headwinds, Ally, Yun Li, Samantha Subin, Alex Harring, Pia Singh, Michelle Fox Organizations: —, Semiconductor, UBS, Walmart, Pfizer —, CNBC, Jefferies, Hershey, American Express, JPMorgan, Wynn Resorts, United Locations: Wells Fargo, underperform, GLP, United Arab Emirates

☆ Stocks making the biggest moves midday: Generac, Amazon, Pfizer and more
▼ + stars: | 2024-10-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Generac Holdings — Shares of the maker of power generators surged 8% as Hurricane Milton intensified into a Category 5 storm . Amazon — The e-commerce stock lost 2.9% after Wells Fargo downgraded shares to equal weight from overweight and cut its price target, citing slowing growth and competition from Walmart. Hershey – Shares fell 2% after the chocolate maker was downgraded to neutral at UBS and to market perform at Bernstein. JPMorgan downgraded shares to underweight from neutral, citing dwindling confidence in the Israel-based company grapples with share loss concerns and volume challenge. JPMorgan downgraded shares to neutral, citing limited EPS upside from here.

Persons: Milton, Wells, Chubb, Morgan Stanley, Coty, Ashley Helgans, Arcadium, Bernstein, GLP, Ciena, —, Yun Li, Hakyung Kim, Alex Harring, Jesse Pound, Michelle Fox, Sean Conlon, Pia Singh Organizations: Generac Holdings, Walmart, Pfizer —, CNBC, Insurance, —, Allstate, Travelers, Progressive, Hurricane, Universal Insurance, Air Products, Chemicals, Garmin —, Garmin, Jefferies, Rio Tinto, Hershey –, UBS, Butterfly Equity, JPMorgan, Apple Locations: Florida, Hurricane Milton, Fort Lauderdale , Florida, Wells Fargo, California, Israel

☆ Stocks making the biggest moves midday: Hims & Hers Health, Joby Aviation, Levi Strauss and more
▼ + stars: | 2024-10-03 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

EVgo — Shares soared 55% after the electric vehicle charger company received a $1.05 billion conditional loan from the Department of Energy. Hims & Her Health had previously developed compound versions of the drugs to take advantage of the shortage. Joby Aviation – Shares dropped more than 7%, paring back gains made in the previous session. Palantir recently announced that it's partnering with Edgescale AI to deliver Live Edge, a platform that will utilize artificial intelligence for manufacturing, utilities and other areas. Investors see both Vistra and Constellation as becoming key supporters of data center growth for developing tech companies' artificial intelligence technologies.

Persons: Bill Peterson, Eli Lilly, paring, Joby, Levi Strauss, Levi, Jensen Huang, CNBC's, Blackwell, Henning Cosman, Palantir, Sundar Pichai, Yun Li, Lisa Kailai Han, Hakyung Kim Organizations: Department of Energy, JPMorgan, U.S . Food, Drug Administration, Toyota, Dockers, Wolfspeed, Mizuho, Nvidia, Barclays, Constellation Energy, Nikkei, Investors Locations: U.S, China

☆ Stocks making the biggest moves midday: Kroger, Petco, Moderna, Roku and more
▼ + stars: | 2024-09-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

That builds on Wednesday's post-earnings rally of nearly 33%, which marked the stock's best day on record. Moderna — The stock plummeted nearly 16% after the drugmaker said it will cut $1.1 billion in expenses by 2027. Interpublic Group of Companies — The advertising stock was trading 2% lower following a downgrade from UBS to sell from neutral. U.S. Bancorp — The bank stock slipped nearly 2% despite announcing a dividend hike and a $5 billion share buyback plan. Oracle – Shares of the software company rose nearly 2% after Bernstein named it a top investment idea .

Persons: Kroger –, Kroger, Moderna, Adam Berlin, Bernstein, Yun Li, Michelle Fox, Sean Conlon, Samantha Subin, Lisa Kailai Han, Sarah Min Organizations: Kroger, Moderna, Gilead Sciences, Alaska Air Group, Interpublic, Companies, UBS, Amazon, Pfizer, Bancorp, Diageo, Bank of America, Wolfe Research, Oracle – Locations: Gilead, Alaska, U.S

☆ Stocks making the biggest moves midday: Intel, Nio, Super Micro Computer and more
▼ + stars: | 2024-09-06 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Super Micro said in late August that it would delay the release of its annual 10-K filing. DocuSign — Shares of the software company rose around 4% after fiscal second-quarter results topped expectations, fueled by strong subscription growth. Guidewire Software — The software stock jumped 12.4% thanks to the company's fiscal fourth-quarter beat. UiPath — The software stock slid 6% amid the tech-led market sell-off Friday. Intel , Mobileye — Shares of autonomous driving tech company Mobileye slumped 8.5%.

Persons: Nio, LSEG, Guidewire, UiPath, UiPath's, FactSet, Yun Li, Alex Harring, Jesse Pound, Michelle Fox, Lisa Han, Sean Conlon Organizations: JPMorgan, Micro, Intel, Bloomberg, Semiconductor, VanEck Semiconductor, Nvidia, KLA Corporation, Marvell Technology, ASML Locations: —, Mobileye

☆ Stocks making the biggest moves midday: Walmart, Nike, Dell, Tapestry and more
▼ + stars: | 2024-08-15 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

The firm owned more than 3 million shares of Nike at the end of June, a stake worth roughly $229 million, the filing disclosed. Dell — Shares climbed 7.1% after JPMorgan added Dell to its focus list, noting the potential for upside after a recent pullback. Tapestry adjusted earnings per share of 92 cents, versus analysts' estimates of 99 cents per share, per LSEG. Berkshire holds 132.9 million shares of Sirius XM versus 36.7 million previously. Earnings per share fell to $4.59 in the fiscal second quarter from $7.98 per share a year ago.

Persons: Bill Ackman's, Warren Buffett, Berkshire Hathaway, Ted Weschler, Todd Combs, Alibaba, FactSet, Robinhood, Yun Li, Samantha Subin, Michelle Fox, Pia Singh, Alex Harring, Sean Conlon, Jesse Pound Organizations: Walmart, Nike, Bill Ackman's Pershing, Capital Management, Berkshire, Dell, JPMorgan, Citi, Cisco Systems, Cisco, Deere, Bros, UBS, Deutsche Bank, Lumentum Holdings, Sirius XM Holdings, Sirius XM, Management

☆ Stocks making the biggest moves midday: 3M, Dexcom, Sweetgreen, Texas Roadhouse and more
▼ + stars: | 2024-07-26 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Dexcom — Shares plummeted more than 40% after the medical device maker missed expectations for second-quarter revenue and offered weak full-year guidance for the measure. That exceeded analysts' expectations for earnings of $3.48 per share on revenue of $808 million, per LSEG. Norfolk Southern — Shares of the railroad operator gained 10% after a second-quarter earnings beat. Texas Roadhouse — The restaurant chain climbed 4.4% after second-quarter earnings topped expectations. Texas Roadhouse earned $1.79 per share, above the $1.64 per share estimate from analysts surveyed by LSEG.

Persons: Dexcom, Coursera, Newell Brands, Newell, Boston Beer, LSEG, Mohawk, Bristol Myers Squibb, Morgan Stanley, FactSet, amortization, Bitcoin, Alexander, Baldwin —, Alexander & Baldwin, Piper Sandler, Guggenheim, Sweetgreen —, Oppenheimer, Stifel, Yun Li, Pia Singh, Sean Conlon, Jesse Pound, Hakyung Kim, Lisa Kailai Han Organizations: LSEG, Newell, Yankee, Wall, Boston Beer, Boston, Mohawk Industries, Bristol Myers Squibb, Bristol, Revenue, Norfolk Southern, Norfolk, Charter Communications, Southwest Airlines, Deutsche Bank, Southwest, Redburn, FactSet, FTAI Aviation, Texas, Texas Roadhouse, LSEG . Revenue, Colgate, Palmolive Locations: Norfolk

☆ Stocks making the biggest moves premarket: American Airlines, Honeywell, RTX, Ford and more
▼ + stars: | 2024-07-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

Southwest reported 58 cents in adjusted earnings per share on $7.35 billion of revenue. Analysts surveyed by LSEG were looking for a profit of 51 cents per share on $7.32 billion in revenue. RTX reported $1.41 earnings per share, ex-items, compared to analysts' estimate of $1.30 per share, according to LSEG. KLA reported adjusted earnings of $6.60 per share, higher than analysts' expectations of $6.15 per share, according to LSEG. Ford reported adjusted earnings per share of 47 cents, significantly less than the consensus forecast of 68 cents, per LSEG.

Persons: oversupply, overshadowing, AbbVie, Dow, LSEG, Northrop Grumman, Dr Pepper, ServiceNow, CJ Desai, Molina, FactSet, Edwards, Ford, —, Yun Li, Jesse Pound, Christina Cheddar Berk, Fred Imbert Organizations: Airlines —, American Airlines, Honeywell —, Southwest Airlines —, Hasbro, IBM, Northrop, LSEG, Nasdaq, KLA Corporation, U.S . Army, Molina Healthcare, Technology, Ford, Viking Therapeutics Locations: LSEG

☆ Will the rally in small-cap stocks last? Investors share their take — and their picks
▼ + stars: | 2024-07-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Investors are flocking to small-cap stocks right now, driving this segment of the market to new highs this week. He also noted that the Russell 2000 is outperforming the S & P 500 by the widest margin since November 2021. But according to him, one group of small-cap stocks could do well if rates were to stay higher for longer: regional banks. However, Turnquist cautioned that small-cap growth stocks would find the outlook tougher than small-cap value stocks, as they are more sensitive to economic health. How to play small-caps Investors who have been making a play for small-caps include billionaire Stanley Druckenmiller , who revealed a big bullish position in small-cap stocks last quarter.

Persons: Russell, Adam Turnquist, Turnquist, we've, There's, Trump, Kelvin Wong, Donald Trump, Wong, Stanley Druckenmiller, FactSet, David Dietze, Dietze, Jay Hatfield, Kilroy, Jefferies, Hatfield, —, Yun Li Organizations: CNBC, LPL, U.S . Federal, Federal Reserve, Citi, Wealth Management, CNBC Pro, Corp, Jefferies Locations: U.S, America

☆ Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Bank of America and more
▼ + stars: | 2024-07-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Bank of America — Shares added nearly 1% after the bank reported second-quarter financial results that topped expectations. Earnings came in at 83 cents a share, versus the 80 cents expected from analysts polled by LSEG. PNC Financial Services Group — Shares were flat after the regional bank posted second quarter revenue of $5.41 billion, which was in-line with an LSEG consensus estimate. Charles Schwab — The stock declined more than 3% on the back of its second quarter results. Adjusted earnings of 73 cents per share and revenue of $4.69 billion narrowly topped analysts' estimates for 72 cents earnings per share on $4.68 billion in revenue, according to FactSet.

Persons: Morgan Stanley, Piper Sandler, Joe Biden, Donald Trump, Charles Schwab, —, Yun Li, Jesse Pound, Michelle Fox, Sarah Min, Fred Imbert Organizations: Wall, Bank of America, LSEG, Revenue, PNC Financial Services, Jefferies Locations: Reddit

☆ Stocks making the biggest moves midday: Wells Fargo, JPMorgan, AT&T, Carvana and more
▼ + stars: | 2024-07-12 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Wells Fargo recorded $11.92 billion in net interest income, a key measure of what a bank makes on lending, below the $12.12 billion expected by analysts, according to FactSet. JPMorgan reported revenue of $50.99 billion, higher than the $49.87 billion analysts polled by LSEG had expected. Citigroup — The shares dropped more than 2% even after the bank reported better-than-expected profit as investment banking activity surged. Earnings per share came in at $1.52 for the second quarter, compared to $1.39 a share expected by analysts polled by LSEG. Fastenal — The stock rose 4.5% after the industrial company reported earnings for the second quarter.

Persons: Wells, Wells Fargo, LSEG, BTIG, Fastenal, Coco, Piper Sandler, Yun Li, Alex Harring, Samantha Subin, Lisa Han, Michelle Fox, Sean Conlon Organizations: JPMorgan —, JPMorgan, Citigroup —, LSEG, Revenue, Bank of New York Mellon, Citi, FactSet Locations: San Francisco, Snowflake

☆ Stocks making the biggest moves midday: Nvidia, Corning, Helen of Troy, UiPath and more
▼ + stars: | 2024-07-09 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Helen of Troy — The housewares stock plummeted nearly 28%, hitting a new 52-week low during the session. The company posted an earnings miss for its first quarter of fiscal 2025 before the bell, earning 99 cents per share, excluding items. Lucid — The electric vehicle company's stock added nearly 1% after rallying about 8% in the previous session. Lucid jumped after the firm said it delivered 2,394 vehicles in the second quarter, marking a 70% year-over-year increase. Tesla — Shares of the electric vehicle company popped more than 4%.

Persons: Blackwell, Helen of Troy —, FactSet, UiPath, Lucid, Eli Lilly's Mounjaro, Eli Lilly, Morgan Stanley, Corning, Yun Li, Pia Singh, Sarah Min, Darla Mercado Organizations: Nvidia, UBS, BP — U.S, Novo Nordisk, Novo Nordisk's Ozempic, Sony, Paramount, National Amusements, Skydance Media, Apollo, CNBC Locations: Novo

☆ Stocks making the biggest moves midday: Southwest Airlines, GameStop, Advanced Micro Devices and more
▼ + stars: | 2024-06-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Southwest Airlines — The stock rose 9% after activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airlines. GameStop — The meme stock slipped nearly 15% in volatile trading after a roller-coaster week. Advanced Micro Devices — The chipmaker fell 3% after Morgan Stanley downgraded shares to equal weight from overweight, saying investors' expectations look elevated. ReNew Energy Global — Shares popped more than 7% after Morgan Stanley upped its price target, saying the narrative for the U.K.-based company remains strong. DraftKings — The sports entertainment stock gained 2% after Morgan Stanley renamed the company as a top pick.

Persons: Bob Jordan, Gary Kelly, Keith Gill, Huntington Bancshares, Huntington, Morgan Stanley, GoDaddy —, Dow, Robert Half, Jefferies, DraftKings, Yun Li, Alex Harring, Michelle Fox, Sarah Min, Pia Singh, Sean Conlon Organizations: Southwest Airlines, Management, Southwest, GameStop, KKR, CrowdStrike, GoDaddy — KKR, Dow Jones, Comerica, Apple, Energy, Jefferies Locations: 2H24, Illumina, Illinois

☆ Stocks making the biggest moves midday: Peloton, Lam Research, Lowe's, AstraZeneca and more
▼ + stars: | 2024-05-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Lowe's — The home improvement stock fell 2.9% despite the company posting a first-quarter earnings and revenue beat. By comparison, analysts surveyed by FactSet had penciled in $1.45 in earnings per share on $1.21 billion in revenue. XPeng — U.S-listed shares jumped nearly 5% after the Chinese EV company topped first-quarter estimates for revenue and said it anticipates a rise in quarterly deliveries. AutoZone reported $4.24 billion in revenue for the quarter, below the $4.29 billion expected by analysts, according to FactSet. Sprout Social — Shares dropped 4% after Sprout Social responded to a Reuters report, citing sources familiar, that said its founders are in talks to take the social media strategy company private.

Persons: Lam, Macy's, Tony Spring, Marvin Ellison, BlackLine, FactSet, Keysight, AutoZone, Li Auto, Li, Yun Li, Jesse Pound, Sarah Min, Alex Harring, Lisa Han, Samantha Subin Organizations: AstraZeneca — U.S, Traffic Safety Administration, Dell Technologies, Citi, Baird, Palo Alto Networks, Keysight, EV, Reuters, Li Auto Locations: billings, —

☆ Meme stocks and more: Analyst names 'danger zone' companies to avoid
▼ + stars: | 2024-05-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Meme stocks are in the spotlight this week. These so-called meme stocks, which gained popularity through social media platforms like Reddit and X (formerly known as Twitter), have attracted retail investors looking to make a quick profit. Future of meme stocks One analyst, who has previously been bearish on GameStop and tech stocks, said that while fundamentals for the stock have improved, GameStop is still in the "danger zone." 'Danger zone' stocks Here are some other stocks Trainer says is in his "danger zone" list, which also includes his "zombie stocks." He cited its "continuing deterioration" of its fundamentals, including its "unsustainable" expenses and steady cash burn.

Persons: David, Trainer, DoorDash's, Yun Li Organizations: GameStop, AMC, CNBC Pro, AMC Entertainment Holdings, Tilray

☆ Stocks making the biggest moves midday: GameStop, Reddit, Advanced Micro Devices, Robinhood and more
▼ + stars: | 2024-05-17 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

The sale comes after GameStop shares surged earlier this week in a brief revival of the meme-stock trade. Reddit — The social media stock popped 12% after Reddit announced a partnership with OpenAI. Take-Two Interactive — Shares of the video game publisher were up about 1% after its quarterly report showed stronger-than-expected bookings. Revenue guidance of $3.1 billion to $3.15 billion was also softer than the $3.3 billion expected by Wall Street. JD.com — The Chinese e-commerce stock advanced 2.2% on the heels of a Macquarie upgrade to outperform from neutral.

Persons: Reddit, OpenAI, Doximity, Globant, DXC, Tilray, Coinbase, JD.com, Macquarie, Jefferies, Yun Li, Jesse Pound, Samantha Subin, Hakyung Kim Organizations: GameStop, OpenAI, Reuters, Microsoft, Nvidia, Bloomberg Law, Globant SA, Technology, FactSet, Wall, Bank of America, Macquarie, DuPont de Nemours, Jefferies

☆ GameStop, AMC extend gains but broader meme stock rally shows signs of fizzling
▼ + stars: | 2024-05-15 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +1 min

GameStop and AMC logged further gains in premarket trading as the broader meme stock frenzy fizzled early on its third day, with Blackberry shares flat and Koss edging lower. Brick-and-mortar video game retailer GameStop was up 10.16% at 6:40 a.m. The meme stock craze resurged on Monday, seemingly reignited by a rare social media update from "Roaring Kitty." The return of the meme stock phenomenon brought GameStop and AMC shares up over 70% on Monday, with the stock extending gains into Tuesday. Speaking on CNBC's "Street Signs Europe" on Tuesday, Smead Capital Management CEO Cole Smead described the meme stock craze as "frankly stupid."

Persons: Keith Gill, Gill, Cole Smead, —, Yun Li Organizations: GameStop, AMC, BlackBerry, Massachusetts Mutual Life Insurance, Smead Capital

☆ CNBC Daily Open: Nasdaq closes at record high; Google launches new AI model
▼ + stars: | 2024-05-15 | by ( Abid Ali | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Nasdaq rose to a record close, while the Dow Jones Industrial Average added 126 points. Meme craze coolsShares of GameStop and AMC rose on Tuesday, extending Monday's gains after "Roaring Kitty" made a reappearance. Shares, however, gave up some of their earlier gains, suggesting enthusiasm for the so-called meme stocks was fading. Powell: Inflation falling slowlyFederal Reserve Chair Jerome Powell said inflation was not slowing as quickly as anticipated, requiring the central bank to maintain its current interest rates for longer.

Persons: Jerome Powell, Alibaba, Powell, CNBC's Yun Li Organizations: CNBC, Nasdaq, Dow Jones, Treasury, GameStop, AMC, Biden, AMC Entertainment Locations: Hangzhou, New York, China, Amsterdam

☆ Stocks making the biggest moves midday: GameStop, AMC, Boeing, Nio and more
▼ + stars: | 2024-05-15 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: GameStop , AMC Entertainment — The so-called meme stocks retreated significantly after a two-day rally . GameStop declined about 30%, while AMC dropped 20% as the trading frenzy seemed to fade. The sell-off in AMC shares also came after the company announced a debt-for-equity swap. Before Wednesday, GameStop and AMC were up 179% and 135% this week, respectively. According to the firm, shares could benefit from Chinese government stimulus policy and Nio's latest battery as a service, or BaaS, strategy, which could drive sales, said the bank.

Persons: Max, Morgan Stanley, JPMorgan Chase, Glenn Murphy, Cowen, Yun Li, Pia Singh, Michelle Fox, Alex Harring, Jesse Pound Organizations: GameStop, AMC Entertainment, AMC, Boeing, Justice Department, Dell Technologies, JPMorgan, Tesla, Management, New York Community Bancorp, Petco, Wellness Locations: Nio

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