Market Movers: APD Leads Gains with Analyst Upgrades and Robust Earnings
Monday, Oct 7, 2024 6:30 pm ET
1min read 1. Air Products And Chemicals (NYSE: APD)
Air Products And Chemicals surged by 9.53%. Air Products and Chemicals received multiple analyst upgrades on October 7, with Citigroup, Vertical Research, Jefferies, and Evercore ISI raising the stock's rating and increasing price targets. The company reported Q3 2024 revenue of $8.913 billion and net income of $1.911 billion, with EPS at $8.44.
2. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 5.43%. Microstrategy plans to privately offer $8.75 billion in convertible senior notes due 2028, increased from $7 billion. TD Cowen maintains a Buy rating with a $200 price target, while Canaccord Genuity's target is $173. Barclays initiates with an Overweight rating and a $146 target.
3. Coupang (NYSE: CPNG)
Coupang gained solidly by 4.92%. Coupang's revenue soared 24.05% year-over-year to $144.37 billion, with a net loss of $1.29 billion as of June 30, 2024. Bernstein and CLSA upgraded Coupang to "Outperform," setting price targets at $30 and $31, respectively.
4. Li Auto (Nasdaq: LI)
Li Auto gained solidly by 4.18%. Li Auto's popular product manager, Song Ziwei, reportedly left the company after one year, with reasons undisclosed. Additionally, Li Auto confirmed its charging stations will now be accessible to third-party vehicles following official instructions.
5. Baidu (Nasdaq: BIDU)
Baidu gained solidly by 3.63%. Baidu's trading volume on October 7 was $10.50 billion, up 66.69% from the previous day. Baidu's share price increased by over 2%, contributing to a 5.03% increase in the past week.
Air Products And Chemicals surged by 9.53%. Air Products and Chemicals received multiple analyst upgrades on October 7, with Citigroup, Vertical Research, Jefferies, and Evercore ISI raising the stock's rating and increasing price targets. The company reported Q3 2024 revenue of $8.913 billion and net income of $1.911 billion, with EPS at $8.44.
2. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated gained solidly by 5.43%. Microstrategy plans to privately offer $8.75 billion in convertible senior notes due 2028, increased from $7 billion. TD Cowen maintains a Buy rating with a $200 price target, while Canaccord Genuity's target is $173. Barclays initiates with an Overweight rating and a $146 target.
3. Coupang (NYSE: CPNG)
Coupang gained solidly by 4.92%. Coupang's revenue soared 24.05% year-over-year to $144.37 billion, with a net loss of $1.29 billion as of June 30, 2024. Bernstein and CLSA upgraded Coupang to "Outperform," setting price targets at $30 and $31, respectively.
4. Li Auto (Nasdaq: LI)
Li Auto gained solidly by 4.18%. Li Auto's popular product manager, Song Ziwei, reportedly left the company after one year, with reasons undisclosed. Additionally, Li Auto confirmed its charging stations will now be accessible to third-party vehicles following official instructions.
5. Baidu (Nasdaq: BIDU)
Baidu gained solidly by 3.63%. Baidu's trading volume on October 7 was $10.50 billion, up 66.69% from the previous day. Baidu's share price increased by over 2%, contributing to a 5.03% increase in the past week.