Shares of transportation stocks are lagging behind the broader U.S. stock market, reflecting rising investor fears of a recession.
The Ratings Game: Opendoor downgraded as mortgage-credit availability plummets
Opendoor’s stock fell Monday after a downgrade at Wedbush, which cited a dearth of homes for sale and tightening credit standards.
The Ratings Game: C3.ai faces three core risks to growth targets, analyst says in downgrade
C3.ai has been an investor darling this year as Wall Street has sought out plays on the AI craze, but one analyst thinks the stock’s big rally could cool.
Key Words: AMC set to expand its branded popcorn sales to 2,600 Walmart stores
AMC kicked off its Walmart popcorn partnership earlier this year.
: Tesla investors urge vote against former CTO J.B. Straubel, for board independence
Shareholder group said it wants board to have ‘truly independent directors’ to rein in CEO Elon Musk.
: LVMH is first European company to hit a $500 billion market cap.
Luxury brand conglomerate has benefited from resurgent spending in China
Movers & Shakers: Bed Bath and Fox shares drop, Albemarle’s stock rallies, and more stocks on the move
Here are some of the most notable stock movers Monday.
Futures Movers: Oil edges lower, extending last week’s slump
Oil futures tick slightly lower Monday, attempting to stabilize after last week’s big drop.
Metals Stocks: Gold prices look to post back-to-back losses and hold below $2,000 an ounce
After a failed attempt retake the key $2,000 mark, gold futures look to register a second straight session decline on Monday.
The Ratings Game: Moody’s revises macro outlook on U.S. banks to ‘strong+’ from ‘very strong-‘ as credit strength ebbs
Moody’s Investor Service downgrades First Republic and other bank debt and revises its macro view on U.S. banks with eye on funding risks and credit weakness.
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