Top Stock Market Influencers: Nike, Tesla, Ford, GM, Carnival, Bumble, and More
Top Stock Market Influencers...
Subscribe to Newsletter

Top Stock Market Influencers: Nike, Tesla, Ford, GM, Carnival, Bumble, and More

29 September 2023
3786
2 min.
19
Top Stock Market Influencers: Nike, Tesla, Ford, GM, Carnival, Bumble, and More

Brewing Success

On Friday, stock futures are indicating a positive start as Wall Street eagerly anticipates the latest U.S. inflation data, concluding what has been a challenging month for equities this year.

Key highlights for Friday

Nike's stock jumped 9.5% in premarket trading, surpassing Q1 profit expectations and reducing inventories by 10%. They maintained their fiscal-year outlook and projected a strong Q2. This positive impact extended to other athletic brands: Foot Locker (FL) rose 3%, Under Armour (UAA) by 2.4%, and On Holding (ONON) by 3.9%.

Despite an ongoing EEOC lawsuit alleging racial harassment and a hostile work environment for Black employees at Tesla's Fremont, California plant, the company's premarket trading increased by 1.5%. Tesla is also expected to report its Q3 delivery figures soon, with Citi analysts revising their sales estimate to 450,000 vehicles, down from the previous 468,500.

Ford, General Motors, and Stellantis posted modest gains of 0.5%, 0.7%, and 0.5%, respectively, amid ongoing labor negotiations. The United Auto Workers union indicated that more workers might go on strike if satisfactory progress isn't made in their talks with these automakers. UAW President Shawn Fain is scheduled to provide a strike update at 10 a.m. Eastern on Friday.

Anheuser-Busch InBev (BUD) shares gained 1.2% to €52.44 after Bank of America (BofA) upgraded the brewer's stock from Neutral to Buy and raised the price target from €59 to €65. American depositary receipts of AB InBev (BUD) also surged by 3.8%.

Bumble (BMBL) gained 4% in premarket trading after being upgraded from Hold to Buy by Loop Capital.

Real estate platform Opendoor Technologies (OPEN) witnessed a 4.2% increase after receiving a Neutral recommendation from UBS.

Cruise operator Carnival (CCL) is set to report its fiscal third-quarter earnings on Friday. The company's shares rose by 3.1% ahead of the earnings announcement.

Semiconductor leader Nvidia (NVDA) experienced a 1.2% increase in premarket trading, reaching $435.97. The company, known for its AI-related chip technology, faced challenges in September, with stock prices fluctuating between $410 and $493.55 since the end of August.

Provider of chip design software, Synopsys (SNPS), saw a 1% increase following a Buy recommendation from HSBC.

Persons1 and Companies18 in the news

President of the United Auto Workers (UAW)
1 place
Under Armour
3 place
Synopsys
5 place
Bumble
6 place
UBS Group AG
7 place
Stellantis N.V.
8 place
HSBC
9 place
Foot Locker
11 place
NVIDIA
12 place
Nike, Inc.
13 place
Tesla
16 place
Bank of America
18 place
Section:
Source foto:
flickr.com
Rating companies
Instagram
15 Mention
Tesla
14 Mention
Netflix
14 Mention
JP Morgan Chase
11 Mention
Amazon
10 Mention
Ford Motor Company
10 Mention
TikTok
8 Mention
White House
7 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8133520528
Died this year
28558490
Born this year
70258940