During Market hours on Yesterday (Monday – 09.01.2023):

  • The Dow (Symbol: DIA) went down -0.29%. The S&P 500 (Symbol: SPY) lost -0.06%. and the Nasdaq (Symbol: QQQ) rose +0.65%.
  • Tesla (Symbol: TSLA) — Shares of Tesla rose +5.93% Monday after CEO Elon Musk’s attorneys on Saturday asked a California court to move a trial over the company stock to Texas, citing local negativity.
  • Advanced Micro Devices (Symbol: AMD) — The chip giant jumped +5.13% as semiconductor stocks led the Monday’s rally. The advanced pushed the stock above its 50-day moving average. Wells Fargo named AMD a top pick in the semi sector Monday.
  • Nvidia (Symbol: NVDIA) — The chip stock rallied +5.18% in midday trading. Earlier in the day, Nvidia was named a top pick for 2023 by Wells Fargo analysts, who said they see a positive data center product cycle materializing through the end of the year.
  • Uber (Symbol: UBER) — Uber shares gained +3.79% on an upgrade from Piper Sandler to overweight from a neutral rating. The firm said that rising inflation and car prices should boost desire for ride sharing.
  • Goldman Sachs (Symbol: GS) — Shares gained +1.41% following reports that the banking giant is laying off 3,200 employees, or 6.5% of the workforce it had in October. That is fewer than the 8% reported last month.
  • Teladoc (Symbol: TDOC) — Shares of Teladoc jumped +4.13% after the company announced that its revenue in the fourth quarter of 2022 exceeded analyst expectations – it’s slated to report in a narrower range of $633 million to $640 million above consensus of $631 million.

During Premarket hours today (Tuesday – 10.01.2023):

  • Boeing (Symbol: BA) — The aerospace giant fell more than -2% after Morgan Stanley downgraded Boeing to equal weight from overweight, citing a lack of potential upside from current levels. “We see a balanced risk reward as the majority of the near- and medium-term positive catalysts for the stock have been realized,” Morgan Stanley said in a note.
  • Norwegian Cruise Line (Symbol: NCLH) — Shares dropped -3.3% after a downgrade to underweight from equal weight by Morgan Stanley, which cited concerns over how overcapacity could hurt pricing power. Meanwhile, the firm upgraded competitor Royal Carribean, which added 0.3% in the premarket, to equal weight from underweight.
  • Bumble (Symbol: BMBL) — Bumble popped more than +3% after KeyBanc upgraded the dating app stock to overweight from sector weight, noting: “The competitive environment appears stable, and economic pressures are easing.”

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