Welcome to Extreme Investor Network, where we bring you the latest news and updates in the world of finance. Today, we are highlighting some of the top companies making headlines in midday trading and providing you with valuable insights to help you make informed investment decisions.
Hewlett Packard Enterprise (HPE) saw a 6% jump in its stock price after Bank of America upgraded it to a buy rating from neutral. The Wall Street firm believes that HPE’s valuation is now compelling, and there are positive catalysts on the horizon, including potential cost-cutting initiatives by the new Chief Financial Officer Marie Myers.
Microsoft (MSFT) also experienced a 1% increase in its stock price following a quarterly dividend hike and the approval of a new share repurchase program of up to $60 billion. This move signals confidence in the company’s growth potential and commitment to returning value to shareholders.
Intel (INTC) announced plans to separate its foundry business into a separate entity, leading to a 3% increase in its stock price. Additionally, the company received up to $3 billion in funding from the Biden administration, further bolstering its growth prospects.
Shopify (SHOP) received an upgrade to buy from neutral at Redburn Atlantic, leading to a 1% increase in its stock price. The firm believes that Shopify is well-positioned to benefit from the growth in the U.S. social e-commerce market in the coming years.
These are just a few of the companies that are making waves in the market today. Stay tuned to Extreme Investor Network for more updates and analysis on the latest trends in finance and investing. Make sure to subscribe to our newsletter to receive exclusive insights and tips to help you navigate the complex world of finance with confidence.