Today's Morning Movers and Top Ratings: MU, GOLD, TSLA, T and More
Morning Movers
Gapping up
$Micron Technology(MU.US$ Gained about 1.1% after Bank of America raised its price target due to expected demand growth for high-bandwidth memory technology.
$3M(MMM.US$ Climbed nearly 3% as it completed its spinoff of Solventum and announced final approval of a $10 billion settlement in a chemical lawsuit.
$Barrick Gold(GOLD.US$ , $Royal Gold(RGLD.US$ Both companies saw shares increase, 2% and 1.7% respectively, as gold prices reached record highs, hinting at potential Federal Reserve rate cuts.
$Devon Energy(DVN.US$ Shares added 1.4% following an upgrade by Wells Fargo to overweight, anticipating a positive turn for the company.
$Delta Air Lines(DAL.US$ Rose about 2% after Morgan Stanley selected the airline as a top pick for 2024, citing its expansion into premium offerings.
$Tesla(TSLA.US$ Gained less than 1% after a price increase for the Model Y became effective.
$United Parcel Service(UPS.US$ Shares went up nearly 2% on the announcement of becoming the primary air cargo provider for the United States Postal Service.
Gapping down
$JB Hunt Transport Services(JBHT.US$ $C.H. Robinson Worldwide(CHRW.US$ Both trucking stocks retreated after a Barclays downgrade, citing concerns over an oversupplied market pressuring rates and profitability.
$AT&T(T.US$ Fell more than 2% following news of a data leak affecting over 7 million customers.
$MicroStrategy(MSTR.US$ Dropped over 5% after Executive Chairman Michael Saylor sold nearly 4,000 shares, as reported in a regulatory filing.
Source: CNBC; Investing.com
US Top Rating Updates on 04/01
Source: Dow Jones
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