Today's Morning Movers and Top Ratings | NVDA, CAVA, AAPL, LLY and More

$NVIDIA (NVDA.US)$ stock edged up by 0.2% in anticipation of the chip giant's upcoming earnings report on Wednesday, which is expected to reveal that quarterly revenue has more than doubled.

$Boeing (BA.US)$ stock increased by 0.3% following announcements that a surge in Chinese travel will require the country to acquire 8,830 new planes through 2043, an increase from last year’s forecast of 8,560 planes.

$Netflix (NFLX.US)$ stock also rose by 0.3% after Evercore ISI upgraded its price target for the streaming company, driven by strong survey results and a positive future outlook.

$JD.com (JD.US)$ saw its shares climb about 3.6% following the announcement of a $5 billion buyback program scheduled from September 2024 to August 2027.

$Trip.com (TCOM.US)$ shares surged more than 10% after reporting second-quarter earnings that exceeded expectations, with revenue reaching 12.77 billion yuan and adjusted EBITDA of 4.44 billion yuan.

$Paramount Global-B (PARA.US)$ experienced a nearly 4.8% drop in stock value after Edgar Bronfman Jr. withdrew his bid, paving the way for Skydance Media to potentially take over Shari Redstone’s media empire. The deal with Skydance is expected to close in the first half of 2025.

$CAVA Group (CAVA.US)$ saw its stock fall more than 9.1% as corporate insiders and a major shareholder sold portions of their holdings.

$Hershey (HSY.US)$ shares slid 1.7% after Citi downgraded the stock to sell from neutral, citing volume challenges and rising cocoa prices as potential drags on earnings.

$Apple (AAPL.US)$ shares declined slightly by 0.55% following the announcement that Kevan Parekh will replace Luca Maestri as the chief financial officer starting January 1.

$Eli Lilly and Co (LLY.US)$ shares slipped 1% after the release of a new, less expensive version of its weight loss drug Zepbound aimed at improving accessibility.

$Heico (HEI.US)$ shares fell about 0.6% after mixed fiscal third-quarter results; the company exceeded earnings expectations but missed revenue forecasts set by Wall Street.