From CNBC · Jeff Marks · · 1m 50s
10 stock moves to watch Thursday
Markets bounce back after Fed decline, with major moves in Generac, Boeing, and Nike.
In brief
Markets bounce back after Fed decline, with major moves in Generac, Boeing, and Nike. Stock futures are rallying after yesterday's post-Fed selloff, with Generac surging 30% on an Amazon deal and several analyst upgrades reshaping valuations across tech and consumer stocks. Originally reported by CNBC.
Markets bounce back Thursday
Stock futures are jumping after yesterday's post-Fed decline. The S&P 500 is poised to recover all its losses as Treasury yields and oil fall in early trading.
Generac soars on Amazon deal
Generac shares jump over 30% after announcing an $8 billion deal to supply backup power for Amazon data centers. Amazon also gets warrants to buy up to $340 million of Generac stock.
Boeing delays 737 Max ramp
CEO Kelly Ortberg said stabilizing 737 Max production at 47 per month is taking longer than expected. Free cash flow is also less likely to exceed the midpoint of their $1 billion to $3 billion outlook.
Salesforce gets analyst bumps
Multiple analysts raised price targets after Salesforce's Dreamforce investor day. Guggenheim went to $300 from $270, Stifel to $300 from $275, and Citi to $263 from $233.
Cyber stocks downgraded
Bernstein downgraded Palo Alto Networks, Okta, and SentinelOne to hold from buy, saying these stocks are no longer cheap after big runs on AI tailwind expectations.
Nike appoints LVMH executive
Nike appointed LVMH executive Alexandre Arnault to its board. Shares are up over 2%, but UBS cut its price target to $42 from $48, expecting the company to miss earnings.
Lennar misses on earnings
Lennar reported earnings of $1.19 per share versus $1.28 expected and revenue of $8.05 billion versus $8.23 billion expected. Mortgage rates remain a headwind for homebuilders.
Kraft Heinz gets buy rating
RBC Capital initiated Kraft Heinz with a buy rating and $32 price target, expecting a return to organic growth in 2027 under new CEO Steve Cahillane.
The bottom line
Stock futures are rallying after yesterday's post-Fed selloff, with Generac surging 30% on an Amazon deal and several analyst upgrades reshaping valuations across tech and consumer stocks.
