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Today's Morning Movers and Top Ratings: TSLA, PNC, SEDG, GLW and More

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Movers and Shakers wrote a column · Jul 8 08:03
Morning Movers
Gapping up
$Boeing (BA.US)$ stock rose 0.90% after the aircraft manufacturer agreed to plead guilty to a criminal fraud conspiracy charge to resolve a U.S. Justice Department investigation into two 737 MAX fatal crashes and will pay a $243.6 million fine.
$Paramount Global-B (PARA.US)$ stock rose 2.87% after Skydance Media agreed to acquire the entertainment giant, with the overall deal valued at over $8 billion.
$Corning (GLW.US)$ stock soared 6.40% after the specialty glass maker raised its second-quarter sales and profit guidance following a strong performance for its new optical connectivity products for Generative AI.
$Morphic (MORF.US)$ stock soared 75% after Eli Lilly, up 0.3%, announced plans to acquire the biopharmaceutical company, which is developing oral integrin therapies for the treatment of serious chronic diseases.
$SolarEdge Technologies (SEDG.US)$ shares climbed 6.19% following an upgrade by Bank of America from underperform to neutral, highlighting an attractive entry point for investors.
$Domino's Pizza (DPZ.US)$ stock appreciated more than 1.88% in premarket trading after receiving an upgrade to an outperform rating from Baird. The firm praised the company for its robust fundamentals, boosting investor confidence and conviction, and commended Domino’s marketing strategy, innovation pipeline, operational efficiencies, growing market presence, and enhanced value proposition.
$Gilead Sciences (GILD.US)$ 's stock increased by over 2.34% after Raymond James upgraded it to outperform from market perform, citing two promising drug candidates in its pipeline that could drive substantial revenue growth in the next five years.
$PNC Financial Services (PNC.US)$ shares gained 1.21% upon receiving an upgrade by UBS to buy from neutral, with UBS citing the regional bank's potential for growth as loan demand shows signs of improvement.
Gapping down
$Tesla (TSLA.US)$ stock fell 1.34% after reaching the highest level this year on Friday, while the EV manufacturer's shareholders will appear in court on Monday to argue against an unprecedented request for more than $7 billion in attorneys' fees to be paid by the company, which they deem "outlandish."
$Exxon Mobil (XOM.US)$ stock fell 1.28% as crude prices retreated Monday, despite the oil major stating that changes in oil prices would increase the company's second-quarter upstream earnings by $300 million to $700 million compared with the first quarter.
Source: CNBC; Investing.com
US Top Rating Updates on 07/08
Today's Morning Movers and Top Ratings: TSLA, PNC, SEDG, GLW and More
Source: Dow Jones
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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