Today's Morning Movers and Top Ratings: MU, DHI, BX, EFX and More
Morning Movers
Gapping up
$Alcoa (AA.US)$ stock increased by 1.7% as the company's earnings exceeded expectations with plans for steady production into 2024.
$Micron Technology (MU.US)$ stock experienced a 2.2% boost following news of over $6 billion in government grants earmarked for the company's domestic chip factory initiatives.
$D.R. Horton (DHI.US)$ shares ascended 2.6% with the homebuilder reporting a rise in quarterly profit due to tight housing supply in the U.S. bolstering home sales.
$Alaska Air (ALK.US)$ 's shares gained 1.8% on the back of a current-quarter profit forecast that surpassed estimates, fueled by a robust travel demand outlook for the upcoming summer season.
Gapping down
$Tesla (TSLA.US)$ shares dropped by 2%, hitting a 15-month low after an analyst downgrade pointed out significant risks.
$Blackstone (BX.US)$ experienced a 2% decrease in share price after announcing only a modest increase in first-quarter distributable earnings, impacted by lower income from asset divestments.
$Las Vegas Sands (LVS.US)$ shares fell by 3.5% even though the company's profits exceeded expectations, with concerns over its Macau operations impacting investor confidence.
$Equifax (EFX.US)$ shares tumbled nearly 10% following the release of weaker-than-anticipated guidance, amidst strong economic data that could mean persistently higher interest rates, potentially slowing a recovery in the mortgage market.
Source: CNBC; Investing.com
US Top Rating Updates on 04/18
Source: Dow Jones
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