Today's Morning Movers and Top Ratings: QCOM, RACE, GOOS, RCL and More
Morning Movers
Gapping up
$Royal Caribbean(RCL.US$ stock rose 3.5% after the cruise operator projected annual profit above expectations on strong demand for cruise vacations and steeper itinerary prices.
$Peloton Interactive(PTON.US$ stock rose 0.5% after the fitness company reduced its second-quarter net loss when compared with a year ago, even while forecasting third-quarter revenue below market estimates.
$Merck & Co(MRK.US$ stock rose 1.3% after the drugmaker posted better-than-expected fourth-quarter results on strong sales of its cancer immunotherapy Keytruda, now the world's biggest selling prescription medicine.
$Canada Goose(GOOS.US$ stock rose 12% after the luxury winter weather retailer forecast fourth-quarter revenue above expectations, expecting a sharp rebound in the crucial Chinese market.
$Ferrari(RACE.US$ stock rose 5.8% after the luxury sports car maker said its revenues and core earnings would rise this year, supported by an "exceptional visibility" on its order book.
$Tesla(TSLA.US$ stock rose 1.3% with the electric vehicle manufacturer set to hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, days after a Delaware judge invalidated his $56 billion pay package.
$New York Community Bancorp(NYCB.US$ stock rose 2.2%, with the regional lender bouncing after Wednesday's 38% slide on a dividend cut and surprise loss.
Gapping down
$Qualcomm(QCOM.US$ stock fell 1.4% despite the chipmaker reporting better-than-expected first-quarter results as a recovery in smartphone demand boosted handset chip sales, with investors wary of signs of weakness in the key Chinese market.
$Honeywell(HON.US$ stock fell 2.1% after the diversified industrial firm forecast a weak first quarter after missing on sales estimates for the last three months of 2023.
Source: CNBC; Investing.com
US Top Rating Updates on 02/01
Source: Dow Jones
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James Liverani : Why no mention of PLUG Power the maker of hydrogen gas? Stock up 40% and price target was doubled by Roth MKM from $4.50 to $9 as well as a SHORT squeeze....
RDK79 : We’re due for some rookie analyst to post something again about Apple moving away from Qualcomm 5G chips, which will result in Qualcomm dipping a bit, and once again creating a buy opportunity.. classic ‘no horse is too dead to beat’..