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☆ Stocks making the biggest moves midday: Hershey, Nvidia, Alibaba, Omnicom and more
▼ + stars: | 2024-12-09 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: Hershey , Mondelez International — Hershey shares jumped roughly 13% after Bloomberg News reported that Cadbury and Oreo maker Mondelez is again trying to buy the chocolate company. News of the attempted takeover put Hershey shares on pace for their best day since June 2016, when Hershey previously publicly disclosed a $23 billion bid from Mondelez. Alibaba and Tencent shares gained 9% and 5% on the news, respectively, while automaker Nio rallied more than 14%. Stellantis — Shares of automaker Stellantis edged nearly 2% higher after CNBC reported that well-known executive Tim Kuniskis is returning to the automaker effective immediately to again lead the company's Ram Trucks brand. SolarEdge Technologies — Shares jumped 16% after the solar energy company announced it has started shipping its "USA Edition" home battery .

Persons: Mondelez, Nio, Barington, Dow, Harry Potter, Tim Kuniskis, Ram, Carlos Tavares, Interpublic, Omnicom, Donald Trump's, —, Alex Harring, Jesse Pound, Sarah Min, Michelle Fox Theobald Organizations: Hershey, Mondelez, Bloomberg News, Cadbury, U.S, PDD Holdings, Apollo Global Management, Dow Jones Indices, Warner Bros, Discovery, Comcast, Stellantis, CNBC, Nvidia, China's, Administration, Market, Mellanox, Bank of America, Macquarie Asset Management, Interpublic, of Companies, Omnicom, Super, Nasdaq, Bank of America Global Research, Trump, SolarEdge Locations: Mondelez, China, Gulf

☆ Ex-Dodge, Ram boss Tim Kuniskis returning to Stellantis after CEO's exit
▼ + stars: | 2024-12-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Kuniskis, who retired from the automaker earlier this year, will once again lead the company's Ram Trucks brand, according to two sources familiar with the decision. A main lever is for the Ram brand to have its CEO singularly focused on that brand," the company said in an emailed statement confirming the appointment. Kuniskis, who has overseen several of the carmaker's brands in North America, had led the company's Ram and Dodge brands before retiring. Kuniskis is arguably best known for leading Dodge for most of the last decade or so. Kuniskis' return was announced in conjunction with several other changes for the automaker's North American operations.

Persons: Tim Kuniskis, Kuniskis, Ram, Carlos Tavares, company's Ram, Dodge, Chris Feuell, Alfa Romeo, Jeff Kommor, Larry Dominique, Alfa, Tavares Organizations: DETROIT, CNBC, Dodge, Challenger, Chrysler, Alfa Locations: North America, American, Stellantis

☆ The Magnificent 7 stocks ranked from a tech investor that owns all of them
▼ + stars: | 2024-10-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Tech investor Ray Wang — who owns all Magnificent Seven stocks — laid out his rankings of favored tech plays on Monday. Wang equated the AI expansion to the Amazon 's early e-commerce buildout. Amazon is Wang's second favorite Magnificent Seven pick, followed by pure-play AI beneficiaries Microsoft and Alphabet . Wang also expects the company — along with Alphabet — to benefit from the political advertising season underway. Here's how each Magnificent Seven member is doing year to date: Nvidia: up 182% Amazon: up 22.8% Microsoft: up 10% Alphabet: up 17% Apple: up 22% Tesla: Down 12.4% Meta Platforms: up 61%

Persons: Ray Wang —, CNBC's, Wang, Tesla, Elon Organizations: Constellation Research, Nvidia, Microsoft, Apple

☆ Stocks making the biggest moves before the bell: Spirit, Tesla, Teladoc, Rivian and more
▼ + stars: | 2024-01-17 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

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

☆ Top Wall Street analysts are banking on these stocks for solid returns
▼ + stars: | 2023-08-06 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

In this article GMMSFTSPOTMETADPZ Follow your favorite stocks CREATE FREE ACCOUNTThe Spotify logo on the New York Stock Exchange, April 3, 2018. Here are five stocks chosen by Wall Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. Domino's PizzaMeta PlatformsNext up is Meta Platforms (META). Nonetheless, Goldman Sachs analyst Kash Rangan, who ranks 459th among more than 8,500 analysts tracked on TipRanks, remains bullish on MSFT stock. However, he observed that historically, whenever Microsoft increased its capital expenditure in the cloud market, Azure growth rate shot up meaningfully and margins rebounded, driving the stock price higher.

Persons: Lucas Jackson, Wall, Brian White, White, Goldman Sachs, Kash Rangan, Rangan Organizations: GM, New York Stock Exchange, Reuters, Meta, TipRanks, Spotify, Microsoft, General

☆ Caterpillar warns of lower sales, margins in third quarter
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

Aug 1 (Reuters) - Caterpillar Inc (CAT.N) warned of a fall in third-quarter sales and margins on Tuesday as dealer inventories rose again, stoking worries that demand for its heavy machinery used in everything from construction to mining may have peaked. Caterpillar, seen as a proxy for global economic activity, said on Tuesday it was expecting third-quarter sales and operating profit margin to be higher than in the previous year, but lower compared to the second quarter. The manufacturer reported a $600 million increase in dealer inventory in the second quarter from a year earlier, primarily in its energy and transportation business, as drilling at North American rigs shows signs of weakening. Meanwhile, Caterpillar reported an adjusted profit of $5.55 per share in the second quarter, beating analysts' expectations of $4.58 per share. Sales rose 21.6% to $17.32 billion, above Wall Street estimates of $16.49 billion.

Persons: stoking, Ryan Keeney, Bianca Flowers, Shivansh, Anil D'Silva Organizations: Caterpillar Inc, Caterpillar, Thomson

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