Today's Pre-Market Stock Movers and Top Ratings: F, MRNA, NIO, SAVE and More
Pre-Market Stock Movers
Gapping up
$Ford Motor(F.US$ stock rose 1.5% after the auto giant announced plans to double production of hybrid F-150 pickup trucks in 2024, accelerating the pivot toward gas-electric powertrains as a hedge against reluctance among U.S. truck buyers to go all-electric.
$BP PLC(BP.US$ ADRs rose 1.7% after CEO Bernard Looney resigned after less than four years in the oil major's top job for failing to fully disclose details of past personal relationships with colleagues, casting doubt on the company's future policies.
$Moderna(MRNA.US$ stock rose 4.1% after the drug maker announced it was scaling down manufacturing of its COVID-19 vaccine, an updated version of which was approved this week by U.S. regulators, to help it sooner hit its target of 75% to 80% gross margin growth.
$Tesla(TSLA.US$ stock rose 1.1% after India's commerce minister said the EV manufacturer plans to source components worth $1.7-$1.9 billion from India this year, amid plans to set up a factory in the country.
Gapping down
$Apple(AAPL.US$ stock fell 0.1% the day after the tech giant revealed four new iPhone models at its annual hardware refresher, but refrained from launching major updates to the flagship device's design or software.
$Spirit Airlines(SAVE.US$ stock fell 3.9% after the low-cost carrier lowered its third-quarter revenue outlook to account for increased fuel prices.
$Oracle(ORCL.US$ stock fell 0.3% after JP Morgan downgraded its stance on the computer software company to 'neutral' from 'overweight', citing its soft second-quarter revenue guidance.
$NIO Inc(NIO.US$ ADRs fell 2.1%, $Li Auto(LI.US$ fell 1.0% and $XPeng(XPEV.US$ dropped 3.3% after the European Commission announced an anti-subsidy probe into Chinese electric vehicles.
$Amazon(AMZN.US$ stock fell 0.3% after the e-commerce giant announced plans to invest over $440 million over the next year to boost wages for its contracted delivery employees.
Source: CNBC; Investing.com
US Top Rating Updates on 9/13
$Rivian Automotive(RIVN.US$ initiated at Neutral by UBS, announced target price at $26.
$Kellanova(K.US$ initiated at Market Perform by TD Cowen, announced target price at $63.
$Fortinet(FTNT.US$ reiterated at Neutral by Rosenblatt, announced target price at $90.
$Alphabet-A(GOOGL.US$ reiterated at Buy by Needham, announced target price at $140.
Source: Dow Jones
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71589606 ingrid : mnra does not save live
lightfoot : Ford is trying to cover it's ass after jumping into EV's . EV 's will kill people. Wait till you get stuck in tunnel or snow storm no battery, no place to charge it. I can't believe Ford fell for this crap. Who can afford one. EV will put this country back to the cotton gin. Horse's and wagons. I rather drive model A. At least we have Reliable transportation.
71322722 go : had to be me
73387574 lightfoot: I agree with you 100%. I don’t trust those cars at all.
1 Love
73613980 lightfoot: Model A killed people too. Just starting the car was dangerous. The manual crank on the front of the engine maimed and killed a lot of people!
45-50,000 people are killed in auto accidents a year currently