EPISODE · Sep 18, 2023 · 1 MIN
🛢️Oil Stocks Rise and More Market Movers
from Ainvest Pulse · host Cashcow
Stocks were stable Monday with long-term government bond yields rising and traders anticipating a significant week for central banks. Valero Energy and Marathon Petroleum, both petroleum refiners, saw gains of 1.5% and 1.2% as oil prices peaked since November 2022, with the oil services ETF and S&P 500 Energy Index increasing by 1%. Arm Holdings shares dipped 5.4% following its notable Nasdaq debut; Bernstein and Needham offered mixed analyses on its potential in the AI space. Moderna's stock dropped over 7% after significant insider selling and Pfizer's projections about vaccination rates. Tesla experienced a 2.3% decline after Goldman Sachs' revised earnings outlook. PayPal's shares went down by 1.8% after MoffetNathanson's downgrade. Ralph Lauren saw a 1% rise post-Guggenheim's upgrade. Enphase Energy's shares decreased by 2.1% after Citi's revised price target. Tenable Holdings gained 2% with positive insights from TD Cowen. Vertex's stock rose 2.4% after Morgan Stanley's positive resumption of its coverage. DoorDash enjoyed a 1.6% increment following Mizuho's upgrade and its partnership expansion. Micron Technology saw a 1% midday increase after Deutsche Bank's positive stance. Paramount Global declined by 3.7% due to Raymond James' market perform rating. Simply Good Foods rose over 4% after Morgan Stanley's upgrade. Iridium Communications surged more than 5% after Deutsche Bank's upgrade. Lastly, ASGN's shares rallied 5% after Wells Fargo's research initiation, remaining steady in 2023.
What this episode covers
Stocks were stable Monday with long-term government bond yields rising and traders anticipating a significant week for central banks. Valero Energy and Marathon Petroleum, both petroleum refiners, saw gains of 1.5% and 1.2% as oil prices peaked since November 2022, with the oil services ETF and S&P 500 Energy Index increasing by 1%. Arm Holdings shares dipped 5.4% following its notable Nasdaq debut; Bernstein and Needham offered mixed analyses on its potential in the AI space. Moderna's stock dropped over 7% after significant insider selling and Pfizer's projections about vaccination rates. Tesla experienced a 2.3% decline after Goldman Sachs' revised earnings outlook. PayPal's shares went down by 1.8% after MoffetNathanson's downgrade. Ralph Lauren saw a 1% rise post-Guggenheim's upgrade. Enphase Energy's shares decreased by 2.1% after Citi's revised price target. Tenable Holdings gained 2% with positive insights from TD Cowen. Vertex's stock rose 2.4% after Morgan Stanley's positive resumption of its coverage. DoorDash enjoyed a 1.6% increment following Mizuho's upgrade and its partnership expansion. Micron Technology saw a 1% midday increase after Deutsche Bank's positive stance. Paramount Global declined by 3.7% due to Raymond James' market perform rating. Simply Good Foods rose over 4% after Morgan Stanley's upgrade. Iridium Communications surged more than 5% after Deutsche Bank's upgrade. Lastly, ASGN's shares rallied 5% after Wells Fargo's research initiation, remaining steady in 2023.
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🛢️Oil Stocks Rise and More Market Movers
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