Stocks making the biggest moves premarket: RDDT, NKE, FDX
Check out the companies making headlines before the bell. Nike — The stock slumped 6.2% after the iconic sneaker brand reported slowing growth in China in its fiscal 2024 third…
Big week for tech IPOs like Reddit boosts Morgan Stanley after lull
The New York Stock Exchange welcomes Reddit, Inc. (NYSE: RDDT) to celebrate its initial public offering. To honor the occasion, Snoo, rings the Opening Bell®. NYSE Wall Street’s tech IPO…
Reddit prices IPO at top of indicated range to raise $748 million
Social media platform Reddit, priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and giving the…
Nordstrom reportedly trying to go private
Shoppers exit the Nordstrom at the Westfield Topanga mall in Canoga Park, California, on Aug. 14, 2023. Christina House | Los Angeles Times | Getty Images Nordstrom shares jumped more…
Morgan Stanley names head of artificial intelligence, Jeff McMillan
The Morgan Stanley digital sign is seen at the company’s Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016. John Taggart | Bloomberg | Getty Images Morgan…
Oil prices could surprise to the upside this summer: Morgan Stanley
Investors could be caught off guard by the strength of an oil price rally this summer, according to Morgan Stanley’s Martijn Rats. His comments came as oil prices rose on…
Jim Cramer sees more than 30% upside for this oil-and-gas stock
Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Reddit: The social media firm plans to raise up to $748 million through…
Morgan Stanley recommends buying 3 Chinese EV makers after pullback
The electric vehicle industry in China could stage a comeback after selling off this year with three standout stocks poised to deliver significant returns, according to Morgan Stanley. Analysts led…
CVNA, GPS, LLY, UBS and more
Check out the companies making headlines before the bell. Carvana — Shares gained more than 5% after RBC upgraded the stock to sector perform from underperform. The firm cited a…
These dividend stocks are poised for a rebound, according to BMO
An oversold corner of the market is set for a rebound and will also reward investors with income, according to BMO Capital Markets. Dividend stocks have come under pressure in…