Market Movers: Charles Schwab Shines, Cencora and Rocket Companies Rise

Generated by AI AgentAinvest Market Brief
Tuesday, Oct 15, 2024 6:30 pm ET1min read
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1. The Charles Schwab (NYSE: SCHW)
The Charles Schwab surged by 6.12%. The Charles Schwab reported better-than-expected Q3 fiscal 2024 results with net revenue of $4.85 billion and adjusted EPS of $0.77, surpassing analysts' forecasts. The company reduced expensive debt and recorded third-quarter bank deposits of $246.5 billion.

2. Cencora (NYSE: COR)
Cencora gained solidly by 3.7%. Cencora's Q3 2024 revenue reached $214.9 billion. Evercore, Baird, and Leerink Partners maintain an outperform rating with price targets of $250, $283, and $275 respectively. B of A Securities downgraded to neutral with a $245 target. Recent insider transactions were disclosed.

3. Rocketmpanies (NYSE: RKT)
Rocketmpanies gained solidly by 3.65%. Rocket Companies has received mixed analyst ratings: Barclays, JP Morgan, and UBS maintain negative positions, while Wedbush remains neutral. The company's mid-2024 financial report shows revenue of $2.684 billion. Recent insider trades include sales by executives Edwards and Krishna.

4. American Tower (NYSE: AMT)
American Tower gained solidly by 3.52%. American Tower's latest financial report reveals revenues of $57.34 billion and net income of $18.30 billion as of June 30, 2024. Wells Fargo downgraded its rating to Equal-Weight with a price target of $230.00, while Barclays and JP Morgan maintain Overweight ratings. Internal transactions disclosed.

5. Agnico Eagle Mines Limited (NYSE: AEM)
Agnico Eagle Mines Limited gained mildly by 2.84%. Agnico Eagle Mines reported a 21.02% increase in revenue for the fiscal second quarter of 2024. Jefferies maintains a Hold rating with an $85 target price, while UBS initiates coverage with a Buy rating and a $95 target. Scotiabank rates it Sector Outperform, targeting $94.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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