$Vulcan Materials (VMC.US)$ — The construction stock could m...
$Vulcan Materials (VMC.US)$ — The construction stock could move in early trading on the back of a Goldman Sachs upgrade to buy from neutral. Goldman said the company should see a better year ahead as inflation cools.
$World Wrestling Entertainment (WWE.US)$ — Shares of WWE lost 6% on the news that Endeavor Group, the parent company of UFC, would spin off UFC and merge it with WWE in a deal valued at $21 billion. CNBC first reported news of the potential deal on Sunday.
$Macy's (M.US)$ — The department store popped 3.8% after being upgraded by JPMorgan to overweight from neutral. The Wall Street firm, which raised its price target on the retailer, said it has confidence in Macy’s bottom-line plan and expects to see multiyear EBITDA margins in the low double digits. Shares of Macy’s have declined about 13.1% so far this year, driven by selloffs in February and March.
$SL Green Realty (SLG.US)$ — Shares of the real estate investment trust rose more than 3% premarket after BMO upgraded them to outperform, saying the third-most heavily shorted U.S. REIT is oversold given its historically low valuation and several catalysts are “on the horizon.”
$Tesla (TSLA.US)$ — The stock was down 3.1% after Tesla reported on Sunday that it delivered 422,875 vehicles for the first quarter of 2023, falling short of Wall Street’s expectations. Analysts surveyed by FactSet had expected the EV maker to report deliveries around 432,000 vehicles for the quarter. Estimates included in the FactSet analysis ranged from an expected 410,000 to 451,000 deliveries.
$World Wrestling Entertainment (WWE.US)$ — Shares of WWE lost 6% on the news that Endeavor Group, the parent company of UFC, would spin off UFC and merge it with WWE in a deal valued at $21 billion. CNBC first reported news of the potential deal on Sunday.
$Macy's (M.US)$ — The department store popped 3.8% after being upgraded by JPMorgan to overweight from neutral. The Wall Street firm, which raised its price target on the retailer, said it has confidence in Macy’s bottom-line plan and expects to see multiyear EBITDA margins in the low double digits. Shares of Macy’s have declined about 13.1% so far this year, driven by selloffs in February and March.
$SL Green Realty (SLG.US)$ — Shares of the real estate investment trust rose more than 3% premarket after BMO upgraded them to outperform, saying the third-most heavily shorted U.S. REIT is oversold given its historically low valuation and several catalysts are “on the horizon.”
$Tesla (TSLA.US)$ — The stock was down 3.1% after Tesla reported on Sunday that it delivered 422,875 vehicles for the first quarter of 2023, falling short of Wall Street’s expectations. Analysts surveyed by FactSet had expected the EV maker to report deliveries around 432,000 vehicles for the quarter. Estimates included in the FactSet analysis ranged from an expected 410,000 to 451,000 deliveries.
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