The sign outside the Palantir Technologies exhibition hall on the eve of the World Economic Forum in Davos, Switzerland, on January 15, 2024.
Stefan Warmus | Bloomberg | Getty Images
Take a look at the companies making headlines in midday trading:
Palantir Technologies, Dell Technologies — Palantir and Dell rose 13% and nearly 5%, respectively, following announcement Both stocks will join the S&P 500 after the close on Friday before opening September 23rd.
summit therapy inc. — Biotech stocks soared about 65% after the company went public declare Its lung cancer drug candidate outperformed Merck & Co.’s Keytruda in a Phase 3 clinical trial. Merck Shares fell 1.5% after the news broke.
JetBlue Airways — The airline’s shares surged 8% following the report from Bank of America analyst Andrew Didora Upgraded version The company was revised to Neutral from Underperform. JetBlue’s “self-help initiatives,” such as revenue improvement strategies, are starting to show early signs of impact, Didora said. The analyst doubled the price target to $6, representing a 13% upside from Friday’s closing price. JetBlue Airways last week Raised third-quarter revenue forecast.
boeing company — Shares of the plane maker rose nearly 4% reach agreement Working with a factory workers’ union, it’s possible to avoid costly strikes.
Ocean Max — Citi shares up 4% upgrade Buy from Neutral. The company said boat dealers should benefit from the Federal Reserve’s interest rate cuts.
Arm Holdings — The stock rose 5% after being interviewed by the Financial Times, citing people familiar with the matter. report Apple will use Arm’s next-generation chip design in the iPhone 16, which will debut on Monday.
United States Steel Corporation — JPMorgan shares rise 3% upgrade From Neutral to Overweight. The company believes the recent pullback provides a buying opportunity and expects the company’s share price could fall further if Planning to sell Nippon Steel lost.
Marijuana Stocks – Marijuana stocks higher after former President Donald Trump said on Truth Social show postal He will support legalizing adult-use marijuana in Florida. shares tiray brand rose 6%, while AdvisorShares Pure U.S. Cannabis ETF (MSOS) An increase of more than 9%, Amplify Alternative Harvest ETF (MJ) An increase of more than 6%.
—CNBC’s Alex Harring, Hakyung Kim, Yun Li, Jesse Pound and Michelle Fox contributed reporting.
