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Why Applied Materials (AMAT) Stock Is Up Today
Shares of semiconductor machinery manufacturer Applied Materials (NASDAQ:AMAT) jumped 4.4% in the afternoon session after several investment firms expressed a positive outlook for the company, with KeyBanc and Morgan Stanley raising their price targets and UBS upgrading the stock's rating. KeyBanc increased its price target to $285 from $240, keeping an Overweight rating. The firm noted long-term demand drivers from artificial intelligence applications. In a similar move, UBS upgraded Applied Materials from Neutral to Buy and also set a $285 price target, citing a good outlook for wafer fab equipment, which is used to produce memory chips. Adding to the positive sentiment, Morgan Stanley adjusted its price target upward to $273 from $252, while also maintaining an Overweight rating on the shares.
United Airlines (UAL) Stock Is Up, What You Need To Know
Shares of airline company United Airlines Holdings (NASDAQ:UAL) jumped 4% in the afternoon session after an investment firm reiterated its 'Buy' rating on the stock and the airline announced a new partnership to modernize its sales technology. TD Cowen restated its positive view, designating United its "Best Idea for 2026" and setting a $125 price target. The firm's confidence stemmed from expected improvements in Boeing's production rates, which should aid United's fleet renewal. This update was anticipated to boost revenue with more premium seating and lower non-fuel costs.
Robinhood (HOOD) Stock Trades Up, Here Is Why
Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 3.9% in the afternoon session after the stock rebounded from losses in the prior trading session that were linked to a decline in Bitcoin prices. The online trading platform had slipped the previous day as Bitcoin experienced a sharp single-day decline. This was notable because options and crypto made up 78% of the transaction-based revenue in Robinhood's latest quarter. Adding to investor optimism, news emerged that Cathie Wood's ARK Invest had purchased more shares during the dip. The recovery also occurred against a backdrop of strong company performance, as Robinhood had recently crushed its third-quarter earnings estimates and reported an 82% jump in average revenue per user.
Allient (ALNT) Stock Is Up, What You Need To Know
Shares of precision motion systems specialist Allient (NASDAQ:ALNT) jumped 2.9% in the afternoon session after investors weighed mixed signals, as positive analyst sentiment conflicted with recent insider selling and underlying business concerns.
Why Elastic (ESTC) Stock Is Up Today
Shares of search AI platform provider Elastic (NYSE:ESTC) jumped 2.3% in the afternoon session after the company announced a strategic investment in investigations software firm Siren.
MercadoLibre (MELI) Stock Trades Up, Here Is Why
Shares of latin American e-commerce and fintech company MercadoLibre (NASDAQ:MELI) jumped 4.1% in the afternoon session after the company reported record sales volumes during the major shopping event, El Buen Fin.
Why Is Chegg (CHGG) Stock Rocketing Higher Today
Shares of online study and academic help platform Chegg (NYSE:CHGG) jumped 7.5% in the afternoon session after the stock appeared to rebound following a sharp decline in the previous trading session. The prior day's drop of over 8% occurred after the Federal Trade Commission (FTC) took action against a peer company, Illuminate Education, Inc., over a major data breach. That news had raised concerns among investors about the possibility of increased regulatory scrutiny and data security issues across the entire education technology industry. The stock's recovery happened as the broader market rallied, with renewed optimism about a potential Federal Reserve rate cut helping lift equities.
C3.ai (AI) Stock Is Up, What You Need To Know
Shares of enterprise AI software company C3.ai (NYSE:AI) jumped 2.2% in the afternoon session after investor optimism improved ahead of its second-quarter fiscal 2026 earnings report, scheduled for after the market close on December 3rd.
Why Warner Bros. Discovery (WBD) Stock Is Trading Up Today
Shares of global entertainment and media company Warner Bros. Discovery (NASDAQ:WBD) jumped 3.2% in the afternoon session after reports revealed that streaming giant Netflix made a mostly cash offer to acquire the company.
Why General Mills (GIS) Shares Are Trading Lower Today
Shares of packaged foods company General Mills (NYSE:GIS) fell 2.9% in the afternoon session after the stock hit a new 52-week low amid mounting concerns over declining sales and increased government scrutiny of food industry pricing.