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Today's Morning Movers and Top Ratings | AAPL, INTC, TGT, YELP and More

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Movers and Shakers wrote a column · 12 hours ago
Morning Movers
Gapping up
$Target (TGT.US)$ The retailer's stock rose by 0.5% following its announcement that it plans to hire approximately 100,000 seasonal employees for the upcoming critical holiday season, maintaining its hiring level from the past three years.
$Intel (INTC.US)$ Shares rose 1.73% following a report that Intel could qualify for up to $3.5 billion in grants for manufacturing military chips.
$ASE Technology (ASX.US)$ The semiconductor packager's shares increased by 1.66% after Morgan Stanley upgraded the firm to overweight, citing defensive qualities and growth potential linked to artificial intelligence.
$Apollo Global Management (APO.US)$ The stock increased by 1.2% after the asset management firm, in partnership with BP (which saw a 0.2% increase), announced a $1 billion deal to finance BP's stake in the Trans Adriatic natural gas pipeline.
$Zillow-A (ZG.US)$ Shares rose over 3.03% after an upgrade to outperform, with analysts pointing to falling mortgage rates and an expanding software and services business as catalysts for growth.
Gapping down
$Upstart (UPST.US)$ Shares fell more than 8% after the company announced a $300 million convertible note offering, intended for bond repurchases and general corporate purposes.
$Apple (AAPL.US)$ Shares dropped more than 2% following analyst reports suggesting softer demand for the iPhone 16 Pro models based on early shipping data.
$Micron Technology (MU.US)$ Shares slid 3.3% after Morgan Stanley significantly reduced its price target, suggesting limited upside potential.
$Colgate-Palmolive (CL.US)$ Shares fell 1.6% after Wells Fargo downgraded the company to underweight, predicting a normalization in growth following a strong performance.
$Yelp Inc (YELP.US)$ Shares declined 2.6% after Bank of America initiated coverage with an underperform rating, citing ongoing declines in usage impacting growth prospects.
Source: CNBC; Investing.com
US Top Rating Updates on 09/16
Today's Morning Movers and Top Ratings | AAPL, INTC, TGT, YELP and More
Source: Dow Jones
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