Welcome to Extreme Investor Network, where we focus on providing you with the latest updates on companies making waves in the finance world. Today, we’ll be diving into the companies that are dominating midday trading and what you need to know as an investor.
First up, Deckers Outdoor saw a 6.9% dip after Truist downgraded the footwear company to hold due to concerns over declining demand for core products. On the flip side, Cava’s shares jumped 4.4% as Argus upgraded the Mediterranean food chain to buy, citing a “long runway to growth.” Meanwhile, Nvidia saw a 1.7% increase as it tried to climb out of correction territory.
William Blair initiated Vital Farms at outperform, leading shares 2.4% higher, highlighting the company’s positioning in the U.S. clean label food industry. On the other hand, Block saw a 2.3% drop amid rising Treasury yields, overshadowing Mizuho’s price target increase.
Zillow Group slipped 5.1% despite being named a top idea by Jefferies, with shares falling over 21% in the past month. GoodRx Holdings saw a nearly 2% increase after an upgrade to overweight by KeyBanc, with opportunities for beating earnings expectations throughout the year.
Delta Air Lines posted a first-quarter profit, with strong leisure and business bookings ahead of the peak travel period, while Albemarle fell 1% despite a buy rating from Bank of America. Alibaba rose 1.2% on Jack Ma’s positive remarks about the company’s management, and Taiwan Semiconductor Manufacturing saw a 1.5% increase after strong revenue growth in March.
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