Shares of discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI)
jumped 5.9% in the afternoon session after financial institutions, including JPMorgan and KeyBanc, raised their price targets for the company, citing its strong market position and growth potential.
Shares of discount treasure-hunt retailer Dollar Tree (NASDAQ:DLTR)
jumped 3.5% in the afternoon session after JPMorgan raised its price target on the company's shares to $113 from $100.
Shares of latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) jumped 6% in the afternoon session after investor optimism grew ahead of its upcoming Q3 earnings release, fueled by a new partnership in Brazil and positive momentum in its fintech business.
Shares of sushi restaurant chain Kura Sushi (NASDAQ:KRUS)
fell 3.8% in the afternoon session after an analyst at Benchmark lowered the company's price target to $85 from $102.
Shares of athletic apparel retailer Lululemon (NASDAQ:LULU)
jumped 3% in the afternoon session after the company announced a new partnership with the National Football League (NFL) and sports merchandiser Fanatics to launch a collection of officially licensed apparel.
Shares of semiconductor company Semtech (NASDAQ:SMTC) jumped 3.3% in the afternoon session after positive sentiment built around its strong business momentum, particularly from increasing demand for its products in AI-driven data centers.
Shares of analog chips maker onsemi (NASDAQ:ON)
jumped 4.8% in the afternoon session after UBS raised its price target on the stock to $55 from $50, while keeping a Neutral rating. The new price target represented a 10% increase. An analyst from the firm noted expectations for onsemi to report its third-quarter results near the middle of its guided range. This move occurred as the broader AI industry continued to expand, fueling growing demand for computing power within the semiconductor sector.
Shares of medical professional network Doximity (NYSE:DOCS) jumped 5.2% in the afternoon session after Bank of America Securities upgraded its rating on the stock from 'Neutral' to 'Buy'.
Shares of electricity storage and software provider Fluence (NASDAQ:FLNC)
fell 5% in the afternoon session after investor caution followed mixed analyst ratings, which included a recent downgrade. The move followed contrasting views from financial analysts. While one firm, B of A Securities, raised its price target on the company to $17.00 from a previous $11.00, it maintained a "Neutral" rating. However, weighing on the stock, BNP Paribas Exane downgraded it to "Underperform." This downgrade reflected investor caution, which was also highlighted by high short interest in the company's shares. The conflicting signals appeared to contribute to the stock's decline as investors digested the different outlooks.
Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 5.2% in the afternoon session after Cantor Fitzgerald raised its price target on the stock to $510 from $355, while reaffirming its "Overweight" rating. Analyst Andres Sheppard pointed to several key drivers for the new valuation, including upcoming production milestones for the company's Cybercab, Semi truck, and Optimus robot. The analyst also noted expanding opportunities in Tesla's Energy and Full Self-Driving software businesses. Adding to the positive mood, investor sentiment was also lifted by progress in U.S.–China trade talks. A better trade relationship could ease costs for Tesla's key Shanghai factory, which is central to its global production.
Shares of on-demand food delivery service DoorDash (NYSE:DASH)
jumped 2.5% in the afternoon session after Goldman Sachs reinstated coverage on the stock with a "Buy" rating and a $315 price target. The analyst note cited momentum from the company's recently completed acquisition of its U.K.-based peer, Deliveroo. Goldman Sachs noted that it incorporated Deliveroo into its estimates and assumed DoorDash would invest to drive accelerating growth for the unit. This action was part of a series of recent analyst activities concerning the company. In the preceding days, Truist Securities had maintained its "Buy" rating while raising its price target, and Barclays had reinstated its own coverage with an "Equal-Weight" rating.
Shares of business advisory firm FTI Consulting (NYSE:FCN) jumped 4.3% in the afternoon session after its CEO, Chairman, and President, Steven Henry Gunby, purchased 7,500 shares of the company's common stock for a total of $1.13 million. The transaction, priced at $151.12 per share, was seen by investors as a strong vote of confidence, particularly as the purchase occurred while the stock was trading near its 52-week low. Insider buying is often interpreted as a signal that the company's leadership believes the stock is undervalued and expects it to perform well in the future. This move was the only insider purchase for FTI Consulting over the previous year.
Shares of toy manufacturing and entertainment company (NASDAQ:MAT)
jumped 3% in the afternoon session after investors reacted positively to news of a product tie-up with streaming giant Netflix.
Shares of off-price retail company Ross Stores (NASDAQ:ROST)
jumped 3.1% in the afternoon session after an analyst at Wells Fargo raised the company's price target to $180 from $175, while keeping an Overweight rating on the shares. The analyst, Ike Boruchow, noted that the stock was one of the firm's favorite long ideas. Wells Fargo also mentioned it was raising its estimates and confidence levels as it saw a fundamental improvement in the company's story. This positive view from the analyst helped send the stock to a new 52-week high during the session.
Shares of e-commerce florist and gift retailer 1-800-FLOWERS (NASDAQ:FLWS) fell 13.5% in the afternoon session after a major shareholder, Fund 1 Investments, LLC, disclosed the sale of more than four million shares.
Shares of discount retailer Five Below (NASDAQ:FIVE)
jumped 2.8% in the afternoon session after JPMorgan upgraded the stock to 'Overweight' from 'Neutral' and raised its price target.
Shares of life sciences company Revvity (NYSE:RVTY)
fell 2.4% in the afternoon session after it reported third-quarter financial results that showed a drop in profits and margins, even as revenue grew.
Qualcomm (NASDAQ: QCOM) has officially launched a formidable challenge to Nvidia's (NASDAQ: NVDA) entrenched dominance in the artificial intelligence (AI) data center market with the unveiling of its new AI200 and AI250 chips. This strategic move, announced as the company seeks to diversify beyond its traditional smartphone chip business, signals a significant intent to capture [...]
The offering priced at a high yield of 3.504%, down from 3.571% in September and the lowest since August 2022. The bond also tailed the 3.503% When Issued by 0.1bps, the first tail for the tenor since April.
Wall Street extended its record-setting streak on Monday, with major large-cap indices logging a third consecutive session of strong gains after a breakthrough in trade negotiations between Washington and Beijing.
