Today's Morning Movers and Top Ratings | EL, AMD, HPQ and More

$Advanced Micro Devices (AMD.US)$ stock increased by 2.7% as the company announced its intention to purchase server manufacturer ZT Systems for $4.9 billion, aiming to enhance its portfolio with more artificial intelligence chips and hardware.

$FuboTV (FUBO.US)$ stock surged by 14.4% after the company successfully obtained a preliminary injunction from a federal judge against a new sports streaming venture by ESPN, Fox, and Warner Bros Discovery.

$Estee Lauder (EL.US)$ stock dropped by 3.5% following the announcement that CEO Fabrizio Freda plans to retire next year.

$B. Riley Financial (RILY.US)$ stock declined by 8.2% on the heels of a significant 65% fall last week. This occurred after co-founder and co-CEO Bryant Riley proposed to acquire the bank in the wake of a forecasted financial impact stemming from its investment in Franchise Group, the owner of Vitamin Shoppe.

$Dutch Bros (BROS.US)$ stock decreased by 3.6% after Piper Sandler downgraded the coffee chain to a 'neutral' rating from 'overweight.' The brokerage firm cited concerns that recent industry traffic and promotional trends might undermine the company's progress toward becoming free cash flow positive.

$HP Inc (HPQ.US)$ shares fell by 2% following a downgrade by Morgan Stanley from overweight to equal weight.