Today's Morning Movers and Top Ratings: NVDA, ACN, TSM, DJT and More
Morning Movers
Gapping up
$Taiwan Semiconductor(TSM.US$ Bernstein analyst Mark Li maintains Taiwan Semiconductor with an Outperform rating and raises the price target from $150 to $200. Shares rose by 1.76% in premarket trading.
$NVIDIA(NVDA.US$ stock increased by 3.70%, building on its previous session's gains, which led to the chipmaker becoming the most valuable company globally.
$Crocs(CROX.US$ B of A Securities analyst Christopher Nardone maintains Crocs with a Buy and raises the price target from $160 to $187. Shares rose by 0.53% in premarket trading.
$Accenture(ACN.US$ stock climbed 8.65% following the IT services provider's forecast of annual revenue growth surpassing estimates, driven by the growing adoption of artificial intelligence and despite a slowdown in enterprise spending.
$Hewlett Packard Enterprise(HPE.US$ 's shares were up by 3.0% following the announcement by Britain's competition regulator of an investigation into the company's proposed $14 billion acquisition of Juniper Networks, which itself saw a share increase of 1.3%, over potential competition concerns.
$Dell Technologies(DELL.US$ saw its stock ascend by 3.47%, and $Super Micro Computer(SMCI.US$ 's shares grew 5.20% after Elon Musk stated that these companies would supply server racks for the supercomputer being developed by his startup, xAI.
$KB Home(KBH.US$experienced a 2.51% rise in its stock after the home construction company reported strong second-quarter performance, with increases in net orders and order value year-over-year.
Gapping down
$Trump Media & Technology(DJT.US$ saw its stock drop by over 12.17% after the SEC's decision to allow investors to exchange their warrants for company shares, which could dilute the value for long-standing investors.
$Honeywell(HON.US$ 's stock decreased by 0.23% after the conglomerate's agreement to acquire CAES Systems for $1.9 billion from Advent International.
$Enphase Energy(ENPH.US$ JP Morgan analyst Mark Strouse maintains Enphase Energy with a Overweight and lowers the price target from $128 to $124. Shares declined by 5% in premarket trading.
Source: CNBC; Investing.com
US Top Rating Updates on 06/20
![Today's Morning Movers and Top Ratings: NVDA, ACN, TSM, DJT and More](https://ussnsimg.moomoo.com/sns_client_feed/77777018/20240620/65072a47ba434c588828f219d4dcef08.jpg?area=100&is_public=true/bigmoo)
Source: Dow Jones
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