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HomeMarket AnalysisAfter-Market :Coty, Carvana gains/ Silk Root Falls Stocks July 11th

After-Market :Coty, Carvana gains/ Silk Root Falls Stocks July 11th

After-market active stocks

Gainers

  • Coty (NYSE:COTY) 3% HIGHER; Kim Kardashian is reportedly in talks with Coty to buy back a part in the beauty industry, according to the Wall Street Journal.
  • Sun Communities (NYSE:SUI) 1% HIGHER; Wolfe Research raised Sun Communities (NYSE:SUI) from Peerperform to Outperform with a $155.00 price target.
  • DoubleVerify Holdings Inc (NYSE:DV) 1% HIGHER; Stephens begins coverage of DoubleVerify Holdings Inc (NYSE:DV) with an Overweight rating and a $47.00 price target.
  • Carvana Co (NYSE:CVNA) 1% HIGHER;JMP Securities increased the price target for Carvana Co (NYSE:CVNA) to $50.00 (from $25.00) while keeping a Market Outperform rating. Carvana Co (NYSE:CVNA) RISES 1%.

Losers

  • Silk Road Medical’s (NASDAQ:SILK) 17% LOWER Price; Weakness Linked to CMS Coverage Worries
  • Acadia Healthcare (NASDAQ:ACHC) 4% LOWER; A jury in New Mexico granted the plaintiff compensatory damages of $80 million and punitive damages of $405 million, according to Acadia Healthcare (NASDAQ:ACHC), which is down 4%. After hours, shares are down 3.6%.

MARKET MOVERS 


MMM
3M Co

101.92
4.867%   
MRK
Merck & Co Inc

108.7
1.146%

CRM
Salesforce Inc
221.17
3.928%

JNJ
Johnson & Johnson

158.63
0.552% 

WBA
Walgreens Boots Alliance Inc

30.57
2.618% 

PG
Procter & Gamble Co

148.08
0.524%  

BA
Boeing Co

218.76
2.555%
VZ
Verizon Communications Inc
34.99
0.427% 

TRV
Travelers Companies Inc

172.36
1.946%
AMGN
Amgen Inc
223.86
0.387%

MIDDAY MOVERS

GAINERS

  • WD-40 (NASDAQ:WDFC) stock rose 18.5%After the chemicals firm posted better-than-expected third-quarter results and launched a 50 million share buyback program, the price of WD-40 (NASDAQ:WDFC) stock increased 18.5%.
  • Zillow (NASDAQ:ZG) stock rose 8.4%; After Piper Sandler changed its rating on Zillow (NASDAQ:ZG) from “neutral” to “overweight,” anticipating a gain of more than 30%, the stock increased by 8.4%.
  • Meta Platforms (NASDAQ:META) stock rose 1.3%; After Axios revealed that the internet giant’s Instagram is preparing to add its branded content features to Threads, its new social media platform, the price of Meta Platforms (NASDAQ:META) stock increased by 1.3%.
  • JPMorgan’s (NYSE:JPM) stock increased 1.3% after Jefferies changed its rating on the banking behemoth from “hold” to “buy,” complimenting its “best-in-class” status and promising earnings growth.
  • Amazon (NASDAQ:AMZN) stock rose 1.2%; At the commencement of the e-commerce giant’s 48-hour Prime shopping event, which will feature steep discounts in an effort to entice American consumers, Amazon’s (NASDAQ:AMZN) shares increased by 1.2%.The
  • shares of T-Mobile US (NASDAQ:TMUS) increased 0.8% after Goldman Sachs dubbed the wireless network operator a “top pick” and mentioned the likelihood of additional buybacks.

Losers

Apple (NASDAQ:AAPL) stock fell 0.5%; Apple’s (NASDAQ:AAPL) stock dropped 0.5% after the tech giant disclosed intentions to start selling its goods on WeChat, a well-known messaging app from Tencent (OTC:TCEHY), as part of an effort to expand its retail footprint in China.

Microsoft (NASDAQ:MSFT) stock fell 0.3%; Following confirmation that additional job cuts will be made in addition to the reduction announced in January that resulted in 10,000 layoffs, Microsoft’s (NASDAQ:MSFT) stock declined 0.3%.

Pre Market Movers

Zillow (NASDAQ:ZG) stock rose 6.1%; Piper Sandler changed its rating on Zillow (NASDAQ:ZG) from “neutral” to “overweight,” indicating that it now expects the stock to increase by more than 30%. The stock subsequently increased by 6.1%.

WD-40 (NASDAQ:WDFC) stock rose 5.3%; Following the release of the chemicals company’s better-than-anticipated third-quarter financial results and the announcement of a 50 million share share repurchase program, WD-40’s (NASDAQ:WDFC) stock increased 5.3%.

JPMorgan’s (NYSE:JPM) shares increased 1.2%; as a result of Jefferies changing its rating on the banking behemoth from “hold” to “buy,” complimenting its “best-in-class” status and promising future profitability.

Amazon (NASDAQ:AMZN) stock rose 0.8%A 48-hour shopping event hosted by the world’s largest e-commerce company, Amazon (NASDAQ:AMZN), saw a 0.8% increase in stock price at the opening bell.

T-Mobile US (NASDAQ:TMUS) stock rose 0.8%; The share price of T-Mobile US (NASDAQ:TMUS) increased 0.8% after Goldman Sachs dubbed the cellular network operator a “top pick” and mentioned the likelihood of additional share buybacks.

Apple (NASDAQ:AAPL) stock rose 0.5%; After the tech giant disclosed plans to start selling its goods on WeChat, a well-known messaging app from Tencent (OTC:TCEHY), the stock of Apple (NASDAQ:AAPL) increased by 0.5%. This move comes as Apple aims to expand its retail footprint in China.

Meta Platforms (NASDAQ:META) stock rose 0.4%; The price of Meta Platforms (NASDAQ:META) increased by 0.4% after it was revealed by Axios that the internet giant’s Instagram intends to integrate its branded content tools with Threads, its newest social media platform.

Microsoft (NASDAQ:MSFT) stock rose 0.3%; In addition to the restructuring announced in January that resulted in 10,000 layoffs, Microsoft (NASDAQ:MSFT) has revealed that it will be shedding more positions, sending its stock up 0.3%.

UPGARDES BY EXPERTS

Goldman Sachs analysts upgraded their price target for Nvidia (NASDAQ:NVDA), noting the potential for artificial intelligence to improve the performance of the manufacturer of graphics cards.

The analysts confirmed their “Buy” rating for the stock and increased their 12-month price objective for it from $440 to $495 in a letter to clients.

Tuesday, KeyBanc upgraded its price target on Apple (NASDAQ:AAPL) from $180 to $200 while keeping an Overweight rating on the stock.

Amazon (NASDAQ:AMZN) was added to Wells Fargo’s list of Signature Picks in a note published on Tuesday. Analysts reiterated their Overweight rating and $159 price objective for the stock.

Wells Fargo noted in its second-quarter tech behemoth preview note that expectations for Amazon Web Services (AWS) are increasing before the print.

Following a stock upgrade by analysts at Piper Sandler, Zillow Group (NASDAQ:ZG) saw a 3% increase in pre-open trade on Tuesday.

Considering that shares currently trade at about a 25% discount to the 2015–18 timeframe based on EV/NTM EBITDA, the analysts increased their price objective by 48%, to $62 from $42.

DOWNGARDES BY EXPERTS

To reflect worse FX expectations for the USD from 135 to 140 ($1 = 141.61), Morgan Stanley downgraded Toyota (NYSE:TM) to “Equal weight” from “Overweight” and raised their 12-month price objective on the company to 2,400.00 from 2,200.00.

In pre-open trade on Tuesday, shares of Verisign Inc (NASDAQ:VRSN) are down 1.6% as a result of a downgrade on Baird, which cited slower domain growth.The domain name tycoon’s rating was downgraded by Baird analysts from Outperform to Neutral, and their $265 price objective was reduced to $245.

Earnings Calendar

Tuesday JULY 11

No Earnings

Wednesday JULY 12

Washington Federal Inc. (WAFD), Winmark Corp. (WINA), and MillerKnoll Inc. (MLKN)

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