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☆ Time to bail on the market's hottest sector? Some investors are starting to sell
▼ + stars: | 2024-10-03 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Utilities are having their best rally in decades , propelled by artificial intelligence enthusiasm and the prospect of lower interest rates, but some investors are cooling on the sector. Rate-sensitive utilities are now the best-performing sector in the S & P 500 in 2024, jumping more than 28%. The sector is on pace for its best year since 2000, when it climbed more than 50%. XLU XLK,.SPX YTD mountain Utilities versus tech and the S & P 500 in 2024 Utilities are viewed as an outsized beneficiary of lower borrowing costs due to their high capital requirements. For the time being, investors are still flocking to the names: Vistra and Constellation hit fresh all-time highs on Thursday.

Persons: XLU XLK, Jason Goepfert, Kathryn Rooney Vera Organizations: Vistra Corp, Constellation Energy

☆ Forget Nvidia: The best-performing S&P 500 stock this year is a utility you've probably never heard of
▼ + stars: | 2024-10-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Vistra Corp. leads the S&P 500 with a 216% gain in 2024, driven by clean energy demand. Vistra acquired four nuclear power plants earlier this year to help boost its clean energy profile. To meet that demand, Vistra has been focusing on generating clean energy via nuclear power plants. Vistra's gains far outpace the second-best performing S&P 500 stock this year, Nvidia, which is up 138%. AdvertisementCoincidentally, the third best-performing stock in the S&P 500 so far this year is Constellation Energy, which has surged 126% year-to-date.

Persons: Vistra, Morningstar, —, it's, Travis Miller, Miller Organizations: Vistra, Service, Nvidia, Vistra Corp, Energy Harbor Corp, Constellation Energy, Microsoft Locations: California, Maine

☆ Michigan nuclear plant finalizes federal loan to support first reactor restart in U.S. history
▼ + stars: | 2024-09-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The Palisades nuclear plant in Michigan has closed a $1.5 billion loan to support the first reactor restart in U.S. history, the Department of Energy announced Monday. Palisades' owner, Holtec International, hopes to restart the plant in the fourth quarter of 2025, subject to approval by the U.S. Nuclear Regulatory Commission. Demand for nuclear power is growing as the U.S. seeks carbon-free energy to meet rising electricity demand while meeting its climate goals. In the case of Palisades, the power is spoken for by Wolverine Power Cooperative, a nonprofit that provides electricity to rural communities in Michigan. Palisades will support 600 jobs in Covert Township near Lake Michigan and provide enough power for 800,000 homes, Turk said.

Persons: Nick Culp, Holtec, Culp, David Turk, Turk Organizations: Department of Energy, Holtec, U.S . Nuclear Regulatory Commission, NRC, . Company, U.S . Palisades, Palisades, Constellation Energy, Microsoft, Wolverine Power Locations: Michigan, Jupiter , Florida, Palisades, U.S, Covert, Lake Michigan

☆ TD sees one stock as biggest industrial beneficiary of AI-driven nuclear power revival
▼ + stars: | 2024-09-30 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Flowserve supplies fluid motion controls and instrumentation to nuclear plants, with that side of the business currently accounting for about 5% of total revenue. TD Cowen sees 11% upside for Flowserve with a stock price target of $57. TD Cowen sees a big opportunity servicing nuclear reactors for maintenance, repair, advanced diagnostics and retrofitting. "This is especially pertinent for the U.S. market, given it has the largest amount of existing nuclear reactors in the world," Giordano told clients. Nuclear plants with the equivalent of 85 gigawatts of capacity are in various stages of shutdown across the U.S. and Europe, according to TD Cowen.

Persons: TD Cowen, Cowen, Joe Giordano, " Giordano, Flowserve, Giordano Organizations: Flowserve, Constellation Energy, U.S Locations: Michigan, Pennsylvania, Europe

☆ Utilities are the hottest part of the stock market right now, on track for their best year since 2000
▼ + stars: | 2024-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Utility stocks this year have mounted a rally unseen in more than two decades. In the third quarter, utilities are the best out of 11 sectors that comprise the S & P 500, climbing 18%. As a group, utilities are poised to score their largest quarterly gain since George W. Bush was president in 2003. If that holds through yearend, utilities will see their biggest annual advance since 2000, when they surged more than 50%. "Utilities are the hottest sector in the market currently," Wolfe Research Rob Ginsberg said in a note to clients in August.

Persons: George W, Bush, Wolfe, Rob Ginsberg, hasn't, It's, buildout, Ginsberg, Subramanian, Wells Fargo, Christopher Harvey, Harvey, LSEG Organizations: Utilities, Federal Reserve, Bank of, Nasdaq, Bank of America, Constellation Energy, CenterPoint Energy Locations: yearend, The Texas, Houston

☆ The U.S. wants to triple nuclear power by 2050. America's coal communities could provide a pathway.
▼ + stars: | 2024-09-27 | by ( Spencer Kimball | Gabriel Cortés | Gabriel Cortés Is A Data Visualization Journalist For Cnbc. | ) www.nbcnews.com time to read: +7 min

The U.S. needs to add 200 gigawatts of nuclear, Goff told CNBC in an interview. “A lot of the data centers are coming in and saying they do need firm, 24/7, baseload clean electricity,” Goff said. But restarting reactors in the U.S. will only provide a small fraction of the nuclear power that is needed, he said. From coal to nuclearCoal communities across the U.S. could provide a runway to build out a large number of new nuclear plants. Between coal and nuclear sites, the U.S. potentially has space for up to 269 gigawatts of additional nuclear power.

Persons: Mike Goff, Goff, “, ” Goff, Goldman Sachs, ”, “ It’s, Doug True Organizations: of Nuclear Energy, Department of Energy, U.S, CNBC, Bank of America, Microsoft, DOE, Holtec, Palisades, Nuclear Regulatory Commission, Nuclear Energy Institute Locations: U.S, New York City, Georgia, Michigan

☆ These are September’s top-performing S&P 500 stocks. Where analysts see them going next
▼ + stars: | 2024-09-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Most analysts think that September's top-performing stocks could continue their ascent. September is a traditionally dicey for stocks: It's the worst month of the year for the S & P 500 , according to the Stock Trader's Almanac . With October right around the corner, CNBC Pro used FactSet data to screen for this month's top-performing stocks in the S & P 500 and find out where analysts see them going next. Constellation Energy is up more than 30% on the month, making it September's second-highest performer in the S & P 500. Power company Vistra has surged nearly 196% in 2024, and it's the top performer in the S & P 500 this month.

Persons: Morgan Stanley, David Arcaro, Vistra, Jefferies, Julien Dumoulin, Smith, Raymond James, Brian Gesuale Organizations: Federal, Dow Jones, CNBC Pro, Analysts, Constellation Energy, Microsoft, Constellation, Energy, Software, Palantir Technologies, Oracle, Delta Air Lines Locations: Thursday's

A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. The U.S. currently maintains the largest nuclear fleet in the world with 94 operational reactors totaling about 100 gigawatts of power. The U.S. needs to add 200 gigawatts of nuclear, Goff told CNBC in an interview. "A lot of the data centers are coming in and saying they do need firm, 24/7, baseload clean electricity," Goff said. But restarting reactors in the U.S. will only provide a small fraction of the nuclear power that is needed, he said.

Persons: Mike Goff, Goff, Goldman Sachs Organizations: American Electric Power, of Nuclear Energy, Department of Energy, U.S, CNBC, Bank of America, Constellation Energy, Microsoft Locations: Winfield , West Virginia, U.S, New York City

☆ Sam Altman-backed nuclear startup Oklo to start site work for Idaho microreactor
▼ + stars: | 2024-09-25 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

He expects Oklo to break ground at the Idaho site in 2026, with plans to have the reactor up and running by the following year. The CEO acknowledged there's a risk the 2027 start date gets pushed out depending on how long the NRC review takes. The average nuclear reactor in the current U.S. fleet is around 1,000 megawatts, according to the Department of Energy. The CEO acknowledged the NRC review could delay the 2027 start date for the Idaho microreactor: "There's definitely risk. At the end of the day, we can't control the NRC review timeline," he said.

Persons: Jacob DeWitte, Oklo, DeWitte, there's, Sam Altman's SPAC, Altman, Oklo's Organizations: CNBC, Department of Energy, Idaho National Laboratory, Nuclear Regulatory Commission, AltC, Department of Energy ., Industry, Constellation Energy, NYSE, NRC, World Health Organization, Idaho Locations: Idaho, Idaho Falls, Aurora

☆ Morgan Stanley sees this energy stock doubling on a large data center deal like Three Mile Island
▼ + stars: | 2024-09-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Shares in Bloom Energy could double if the fuel cell company wins a large deal to power data centers similar to the Three Mile Island nuclear plant restart , according to Morgan Stanley. Morgan Stanley values Constellation's contract with Microsoft at $100 per megawatt hour, compared to the typical market price of about $50 per megawatt hour. Including grid charges, the prices rises to $130 per megawatt hour, according to the bank. Bloom, however, is positioned to capture a so-called "time-to-power" premium by directly supplying a major data center, according to Morgan Stanley. Morgan Stanley raised its price target to $22 from $20 in mid-August, 2024, and has rated Bloom Energy overweight since April 2023.

Persons: Morgan Stanley, Andrew Percoco, Bloom, Percoco, — CNBC's Michael Bloom Organizations: Bloom Energy, Constellation Energy, Microsoft, BE Locations: Harrisburg , Pennsylvania

Meanwhile, Morgan Stanley raised its price target on Constellation Energy to $313m implying more than 20% upside. 7 a.m.: DA Davidson downgrades Microsoft, cites diminishing AI lead DA Davidson believes that Microsoft has lost its edge over competitors in artificial intelligence. The investment firm downgraded shares of the tech giant to neutral from buy, although analyst Gil Luria maintained his $475 price target. This could begin to have a material impact on the company's returns beginning in 2025, the analyst wrote. Wells Fargo analyst Neil Kalton also hiked his price target on the stock to $300, implying nearly 18% upside ahead.

Persons: Raymond James, Morgan Stanley, Bernstein, DA Davidson, Davidson, Gil Luria, Luria, GitHub Copilot, — Lisa Kailai Han, Daniel Roeska, Roeska, Lisa Kailai Han, Ronald Josey, Josey, Meta, Atif Malik, Malik, Raymond James downgrades, Brian Gesuale, Gesuale, David Arcaro, Arcaro, Wells, Neil Kalton, — Fred Imbert Organizations: CNBC, Constellation Energy, Motors, Microsoft, DA, Nvidia, Motors General Motors, General Motors, Hyundai, Citi Locations: Palantir, Friday's, U.S, 25e, GenAI

☆ Stocks making the biggest moves premarket: Intel, Pinterest, Palantir and more
▼ + stars: | 2024-09-23 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

CNBC confirmed on Friday that Qualcomm had recently approached Intel about a takeover. Ciena – The networking software maker added more than 4% after a double upgrade by Citigroup to buy from sell cited an improving landscape in the broader telecommunications/cable industry. The bank sees bookings growth heading into next year. The bank sees an increasing relevance of the platform among users and expects strong revenue growth over the next few years. Palantir – The maker of software platforms to help companies analyze data declined more than 1%.

Persons: Ciena, Morgan Stanley, Palantir, Raymond James, Harlan Sur, —, Samantha Subin, Sarah Min, Pia Singh Organizations: Intel, Apollo Global Management, Bloomberg, CNBC, Qualcomm, Citigroup, Constellation Energy, Microsoft, Deutsche Bank, General Motors, Chevrolet, Micron Technology, JPMorgan Locations: Pennsylvania, The Boise , Idaho

☆ 10 things to watch in the stock market Monday: Getting ready for big earnings coming
▼ + stars: | 2024-09-23 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: It's, Dow, Jim Cramer's takeaways, Cowen, Bernstein, Davidson, Dr Pepper, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Micron, Jefferies, Costco, Nasdaq, Intel, Qualcomm, Apollo Global Management, JPMorgan, Nike, Dow, General Motors, Microsoft, Club, Holdings, Bank of America, Citi, Apple, Barclays, Constellation Energy, Jim Cramer's Charitable, CNBC Locations: San Francisco

☆ Morgan Stanley says Constellation could top $300 on nuclear restart, these stocks could also rise
▼ + stars: | 2024-09-23 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Constellation Energy stock is still rising after the power company's landmark announcement last week that it plans to restart the Three Mile Island nuclear plant in Pennsylvania. The operational risk to bring the plant back online in 2028 appears manageable, Morgan Stanley told clients in a note on Monday. Renewable energy and natural gas stocks could also indirectly benefit from nuclear deals, according to Morgan Stanley analyst Stephen Byrd. Renewable stocks such as AES Corp. , NextEra Energy and First Solar could get a tailwind for the same reason, according to Morgan Stanley. CEO John Ketchum said the company is looking at restarting the Duane Arnold nuclear plant in Iowa.

Persons: Morgan Stanley, David Arcaro, Arcaro, Stephen Byrd, Byrd, NextEra, John Ketchum, Duane Arnold, Wells, Neil Kalton, — CNBC's Michael Bloom Organizations: Constellation Energy, Constellation, Microsoft, Vistra Corp, Vistra, Public Service Enterprise Group, Tech, . Companies, GE Vernova, Siemens Energy, Mitsubishi Power, NRG Energy, AES Corp, NextEra Energy Locations: Pennsylvania, Iowa, Wells Fargo

☆ 6 things from my San Francisco trip reveal which stocks are AI winners
▼ + stars: | 2024-09-22 | by ( Jim Cramer | ) www.cnbc.com time to read: +14 min

Almost everyone else seems to want to deploy AI in some meaningful way but don't seem to know how. It's available on HP 's AI personal computers right now but hasn't really attracted a lot of interest yet — good for Club company Best Buy 's forward earnings. For some companies, companies like CVS , this is a no brainer. One that can build things or get things or just give you a cup of your coffee. I don't know what will happen to people who are doing this now.

Persons: Jensen Huang, Marc Benioff, Copilot, hasn't, Uber, San Francisco —, Amazon's, Benioff, Benioff's, Agentforce, Tesla, Elon, Donald Trump, Pat Gelsinger, gunning, Lisa Su, Jensen, Su, wasn't, Nvidia's Blackwell, Blackwell, Mike Sievert, Jim Cramer's, Jim Cramer, Jim, Carlos Barria Organizations: Microsoft, Club, Nvidia, Oracle, HP, Devices, AMD, Saks Fifth, CVS, Siemens, Starbucks, Intel, Qualcomm, Arm Holdings, Enterprise, Constellation Energy, GE Vernova, Apple, Mobile, Jim Cramer's Charitable, CNBC Locations: San Francisco, Atlanta, Austin , Texas, Dreamforce, bailiwick, Eaton, Dover, California

A unit of Pennsylvania's Three Mile Island nuclear plant will be restarted as part of a new energy-sharing agreement with Microsoft, which plans to use it to power the data centers it operates as part of its push into artificial intelligence. Today, energy has become the new coin of the realm for companies investing in artificial intelligence. That's because the data centers tasked with running the complex calculations needed to power artificial intelligence applications require enormous amounts of power. Restarting Unit 1 will mean bringing 800 megawatts back onto the grid, greater than the amount of hydroelectric power supplied by the Hoover Dam. Microsoft's vice president of energy touted the clean-energy benefits of reviving the facility in a statement.

Persons: Bobby Hollis, Satya Nadella Organizations: Microsoft, Constellation Energy, Constellation, BlackRock Locations: Michigan, Iowa, United States

☆ Three Mile Island nuclear plant to reopen — to power Microsoft's AI push
▼ + stars: | 2024-09-20 | by ( Tom Carter | ) www.businessinsider.com time to read: +1 min

Three Mile Island, the site of one of the US' worst nuclear disasters, may soon reopen. Constellation have struck a deal to give Microsoft energy to power its AI push. AI systems require huge amounts of energy to train and run, and tech giants are looking for new sources. AdvertisementA nuclear plant at the site of one of the worst nuclear disasters in US history may soon reopen to provide power for Microsoft's AI push. Constellation Energy has struck a deal to provide Microsoft with nuclear power for the next two decades by bringing part of the Three Mile Island nuclear plant back to service by 2028.

Persons: — Organizations: Constellation, Microsoft, Service, Constellation Energy, Pennsylvania, Business

☆ The utilities sector is a 'growth industry', says Veriten's Michael Bradley
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe utilities sector is a 'growth industry', says Veriten's Michael BradleyMichael Bradley, Veriten partner, joins 'Closing Bell Overtime' to talk the resurgence of nuclear energy following Constellation Energy's announcement it would reopen a nuclear power plant on Three Mile Island.

Persons: Veriten's Michael Bradley Michael Bradley

☆ Final Trades: Samsara, Constellation Energy, Aptiv and the INDY
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Samsara, Constellation Energy, Aptiv and the INDYThe Investment Committee give you their top stocks to watch for the second half.

Organizations: Constellation Energy, Aptiv, INDY, Investment

☆ This power company has outpaced Nvidia, could ink next nuclear deal after Three Mile Island
▼ + stars: | 2024-09-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Constellation Energy plans to restart the Three Mile Island nuclear plant , with operations slated to resume in 2028 subject to approval by the Nuclear Regulatory Commission. It demonstrates the growing financial opportunity that nuclear power represents for utilities and their investors. VST YTD mountain Vistra shares, YTD The power company, headquartered outside Dallas, is viewed as one of the lead contenders to ink a data center nuclear deal next. "Vistra's timely acquisition of nuclear portfolio Energy Harbor in 2023 gives the company a coveted nuclear portfolio," the analysts said. Burke specifically called out Comanche Peak, a twin reactor nuclear plant with 2.4 gigawatts of capacity outside Forth Worth, Texas.

Persons: Vistra, Shahriar Pourreza, Jefferies, Julien Dumoulin, Smith, Jim Burke, Burke, John Ketchum, Duane Arnold, Ketchum, NextEra, Robert Blue Organizations: U.S, Constellation Energy, Nuclear Regulatory Commission, Microsoft, Vistra Corp, Nvidia, Energy, Guggenheim Securities, Wall Street, Jefferies, NextEra Energy, Dominion Energy, Dominion Locations: Dallas, Ohio, Pennsylvania, Energy Harbor, Forth Worth , Texas, Iowa, FactSet, Waterford , Connecticut

☆ Three Mile Island is reopening and selling its power to Microsoft
▼ + stars: | 2024-09-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Three Mile Island, the site of worst nuclear disaster in the United States, is reopening and will exclusively sell the power to Microsoft as the company searches for energy sources to fuel its AI ambitions. Microsoft will purchase the carbon-free energy produced from it to power its data centers to support artificial intelligence. Clean energy advocates and businesses alike are looking towards nuclear energy as a source of zero-carbon power that is a reliable baseload source. Three Mile Island, located near Harrisburg, is best known for being the most serious accident at a commercial nuclear power plant in US history when it experienced the partial meltdown of one of its two reactors. Demand for energy is expected to surge as tech giants need more sources of power to fuel their AI needs, especially nuclear power, which is carbon-free and helps them maintain their lofty climate goals.

Persons: weren’t, ”, Joe Dominguez, It’s, Joe Biden’s, Biden, Bobby Hollis, CNN’s Ella Nilsen Organizations: New, New York CNN, Microsoft, Constellation Energy, Constellation Locations: New York, United States, Harrisburg

☆ Jim Cramer explains why DuPont is the No. 1 stock he would buy right now
▼ + stars: | 2024-09-20 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "When people ask me out here which stock in your portfolio would you buy right now, its DuPont," Jim said, adding that at $82 he would buy shares despite the overall market being overbought. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, Jim, Dupont's, Johnson, Jim Cramer's Organizations: CNBC, Devices, Broadcom, Nvidia, AMD, Evercore ISI, DuPont, FedEx, Nike, PepsiCo, Constellation Energy Locations: AMZN

☆ Constellation Energy reopens 'Three Mile Island' nuclear power plant in agreement with Microsoft
▼ + stars: | 2024-09-20 | by ( Pippa Stevens | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConstellation Energy reopens 'Three Mile Island' nuclear power plant in agreement with MicrosoftCNBC's Pippa Stevens reports on the latest news regarding the provisioning of power.

Persons: Pippa Stevens Organizations: Constellation Energy, Microsoft

☆ Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI
▼ + stars: | 2024-09-20 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Norma Field walks under power lines coming off of the nuclear plant on Three Mile Island (TMI), with the operational plant run by Exelon Generation, in Middletown, Pennsylvania. Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the immense power needs of the tech sector as they build out data centers to support artificial intelligence. Constellation described the agreement with Microsoft as the largest power purchase agreement that the nuclear plant operator has ever signed. Three Mile Island would be the second nuclear plant to restart operations in U.S. history. The Palisades nuclear plant in Michigan would be the first, with that plant expected to return to service at the end of 2025.

Persons: Norma Field, Constellation, Joe Dominguez, Goldman Sachs Organizations: Exelon, Constellation Energy, Microsoft, Constellation, Nuclear Regulatory Commission, Clean Energy Center, Rystad Energy, Turkey . Tech, Amazon Web Services, Talen Energy, Susquehanna, Oracle Locations: Middletown , Pennsylvania, Turkey, Pennsylvania, Michigan

☆ Stocks making the biggest moves premarket: FedEx, Chewy, Trump Media and more
▼ + stars: | 2024-09-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Lennar — The homebuilding stock slipped 3% despite beating analysts' expectations for its fiscal third quarter. Trump Media & Technology Group — Shares traded nearly 5% lower as selling restrictions on former President Donald Trump and other early investors ended. PepsiCo — The snacks and beverage stock slipped 1% following a downgrade at Morgan Stanley to equal weight from overweight. ASML — Shares slipped 2% after Morgan Stanley downgraded the semiconductor manufacturer to equal weight from overweight. Aptiv — Shares of the automobile technology supplier rose more than 1% after an upgrade to overweight from equal weight at Wells Fargo.

Persons: John Donahue, Elliott Hill, Lennar, LSEG, Donald Trump, MillerKnoll, Tesla, Morgan Stanley, Lee Simpson, Piper Sandler, Chewy, Buddy Chester, CNBC's Michelle Fox, Sarah Min, Jesse Pound, Samantha Subin Organizations: Nike —, FedEx —, Trump Media & Technology, —, Constellation Energy, Microsoft, — Auto, Mercedes, General Motors, PepsiCo, Contessa Pharmaceuticals, Valero Energy Locations: China, Wells Fargo

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