Top Stocks to Watch: DPZ, BRK, MRNA, FLNC, and More
The stock market is always buzzing with activity, and today is no different. Several companies are making headlines in premarket trading, with some experiencing significant movements in their stock prices. Here are the top stocks to keep an eye on:
Domino’s Pizza (DPZ)
Shares of Domino’s Pizza have surged over 6% following the restaurant chain’s announcement that it will increase its dividend by 25% and expand its buyback program by an additional $1 billion. Investors are optimistic about these developments, leading to an increase in the company’s stock value. The increased dividend is set to be payable on March 9th, while the additional stock repurchase will commence after the conclusion of the fourth quarter on February 21st.
HashiCorp
Shares of software company HashiCorp have seen an 8% increase after receiving an upgrade from Morgan Stanley. The investment bank upgraded HashiCorp’s rating from equal weight to overweight due to its potential to benefit from a resurgence in cloud initiatives. This upgrade has sparked positive sentiment among investors, resulting in the rise in HashiCorp’s stock price.
Berkshire Hathaway (BRK)
Class B shares of Warren Buffett’s conglomerate, Berkshire Hathaway, have climbed nearly 3% following the release of its operating earnings for the fourth quarter. The company reported a remarkable 30% year-over-year surge in operating earnings, impressing investors. Additionally, Berkshire Hathaway’s cash hoard has reached record levels, further adding to the positive sentiment surrounding the stock.
Gap
Clothing retailer Gap has experienced a nearly 2% increase in its stock value after receiving an upgrade from JPMorgan. The firm praised Gap for its expanding assortment of products and cost-saving efforts, leading to increased confidence in the company’s performance. This upgrade has generated interest among investors, contributing to the rise in Gap’s stock price.
Monday.com
Shares of cloud platform company Monday.com have ticked up 2% following an initiation of coverage by Bank of America. Analyst Michael J. Funk stated that consensus estimates on the stock “appear beatable” while the company continues to gain strong market share. This positive outlook has caught the attention of investors, resulting in a rise in Monday.com’s stock value.
Fluence Energy (FLNC)
Fluence Energy has seen a more than 5% increase in its stock price after receiving an upgrade from Susquehanna Financial. Analyst Biju Perincheril highlighted the company’s improvements to its balance sheet and operations, along with recent stock weakness, as reasons to consider an attractive entry point for investors. This upgrade has sparked interest in Fluence Energy among investors.
Moderna (MRNA)
Biotech stock Moderna has experienced a slight dip of 1.6% following a downgrade from HSBC. The investment firm downgraded Moderna’s rating from hold to reduce, expressing concerns about the effectiveness of the company’s RSV vaccine compared to its competitors. This downgrade has created some uncertainty among investors, leading to a temporary decline in Moderna’s stock price.
Amer Sports
Shares of athletic company Amer Sports have surged 6% following positive initiations from major banks including Goldman Sachs, JPMorgan, Citi, Bank of America, and Morgan Stanley, among others. Amer Sports, known for manufacturing the Wilson tennis racket, recently went public in February. The positive initiations have generated excitement among investors, contributing to the rise in Amer Sports’ stock value.
These are just a few of the companies making waves in premarket trading today. Stay informed and keep an eye on these stocks as they continue to evolve in the dynamic world of finance.
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