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Why Is Monolithic Power Systems (MPWR) Stock Rocketing Higher Today
Shares of power management chips maker Monolithic Power Systems (NASDAQ:MPWR) jumped 5% in the afternoon session after Wells Fargo upgraded the stock's rating from "Equal-Weight" to "Overweight" and raised its price target. The bank's analyst, Joe Quatrochi, increased the target price on the shares from $1100 to $1125. The upgrade was based on improving sentiment in the chip sector, which was driven by the potential for inventory replenishment by customers. Wells Fargo also noted that the company faced easier year-over-year comparisons. This means its upcoming results would be measured against a relatively weaker period from the year before, which could make its growth look more impressive.
Why DraftKings (DKNG) Stock Is Up Today
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG) jumped 4.2% in the afternoon session after Wells Fargo upgraded the stock's rating to "Overweight" from "Equal-Weight" and substantially increased its price target.
Why Are Photronics (PLAB) Shares Soaring Today
Shares of semiconductor photomask manufacturer Photronics (NASDAQ:PLAB) jumped 7.1% in the afternoon session after the broader semiconductor sector rallied as chipmaking giant Taiwan Semiconductor Manufacturing Co. (TSMC) reported strong earnings.
Why Instacart (CART) Stock Is Trading Lower Today
Shares of online grocery delivery platform Instacart (NASDAQ:CART) fell 3.3% in the afternoon session after investor concerns grew over increased competition as grocery giant Kroger launched its delivery service on the Uber Eats and Postmates apps. The partnership expanded Kroger's delivery options across nearly 2,700 of its stores nationwide, including banners like Ralphs and Fred Meyer. This development placed Kroger's full range of products in direct competition with Instacart on major on-demand delivery platforms. The stock's decline to a near two-month low reflected worries that this new, convenient option for shoppers could chip away at Instacart's market share.
Why Western Digital (WDC) Stock Is Up Today
Shares of leading data storage manufacturer Western Digital (NASDAQ: WDC) jumped 6.6% in the afternoon session after positive analyst actions, including an upgrade to "Overweight" and a significant price target increase from Barclays. Barclays raised its price target on the company to $240 from $200, while keeping an "Overweight" rating. Separately, other analysts upgraded the stock to "Overweight," citing optimism about its future performance. This wave of positive sentiment from analysts was expected to boost investor confidence and attract more attention to the stock. The market reacted strongly to the news, pushing shares to an all-time high of $221.50 during the session.
Why Lam Research (LRCX) Stock Is Trading Up Today
Shares of semiconductor equipment maker Lam Research (NASDAQ:LRCX) jumped 5.9% in the afternoon session after several financial firms showed strong confidence in the company, with one upgrading its stock rating and another starting coverage with a positive outlook.
Morgan Stanley (NYSE:MS) Surprises With Q4 CY2025 Sales
Global financial services firm Morgan Stanley (NYSE:MS) reported Q4 CY2025 results beating Wall Street’s revenue expectations, with sales up 10.3% year on year to $17.89 billion. Its GAAP profit of $2.68 per share was 9.4% above analysts’ consensus estimates.
Stocks making big moves yesterday: Baldwin Insurance Group, Omnicom Group, Broadcom, Bank of America, and Trupanion
Check out the companies making headlines yesterday:
Goldman Sachs (NYSE:GS) Exceeds Q4 CY2025 Expectations
Global investment bank Goldman Sachs (NYSE:GS) reported revenue ahead of Wall Streets expectations in Q4 CY2025, but sales fell by 3% year on year to $13.45 billion. Its GAAP profit of $14.01 per share was 20.2% above analysts’ consensus estimates.
First Horizon (NYSE:FHN) Beats Q4 CY2025 Sales Expectations
Regional banking company First Horizon (NYSE:FHN) reported Q4 CY2025 results beating Wall Street’s revenue expectations, with sales up 7.8% year on year to $888 million. Its non-GAAP profit of $0.52 per share was 12.1% above analysts’ consensus estimates.