Today's Morning Movers and Top Ratings: AAPL, EL, BKNG, HAS and More
Morning Movers
Gapping up
$Coinbase(COIN.US$ stock rose 2.6% with the cryptocurrency exchange benefiting from the rise in bitcoin to a 21-month high on increased speculation that the U.S. Securities and Exchange Commission was close to approving a spot exchange traded fund for the world’s largest cryptocurrency.
$Exxon Mobil(XOM.US$ stock rose 0.7% and $Chevron(CVX.US$ rose 0.8%, tracking a jump in crude prices after a naval clash in the Red Sea raised the chances of Middle East supply disruptions.
Gapping down
$Tesla(TSLA.US$ stock fell 1% with the electric car manufacturer facing strong competition from BYD, with the Chinese rival selling a record 526,000 battery-powered cars in the fourth quarter. Tesla is set to release its full-year production and delivery numbers on Tuesday, and is potentially on track to sell fewer cars than BYD for the second straight year.
$Apple(AAPL.US$ shares lost 2% before the bell after Barclays downgraded the iPhone maker to underweight, citing weak iPhone 15 volumes, along with Macs, iPads, and wearables. In addition, Apple's widening P/E multiple doesn't look “sustainable,” the bank said.
$Hasbro(HAS.US$ stock fell 2.1% after DA Davidson downgraded its stance on the toy manufacturer to 'neutral' from 'buy', pointing to management uncertainty over when the toy business will resume growth.
$ASML Holding(ASML.US$ ADRs fell 3% after the Dutch government blocked the chipmaker from exporting some of its tools to China.
$Estee Lauder(EL.US$ The cosmetic giant lost 2.4% following a downgrade by Deutsche Bank to hold from buy. Analysts told investors that their firm's fundamental outlook and views on EL are unchanged. However, the stock has appreciated roughly 20% or more since then and is now trading roughly in line with the bank's $146 target price.
Source: CNBC; Investing.com
US Top Rating Updates on 01/02
Source: Dow Jones
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نادر قره ضیاء : Black dollar drift