Tech Titans on the Rise: Carvana, Intel, Oracle Lead Market Surge with Bold Moves
Monday, Sep 16, 2024 6:30 pm ET
1min read 1. Carvana (NYSE: CVNA)
Carvana surged by 7.61%. Carvana's 2024 interim report shows $64.71 billion revenue. Evercore ISI maintains an In-Line rating, raising the price target to $157.00. Stephens & Co. initiates coverage with an Overweight rating, targeting $190.00. JMP Securities reiterates Outperform, setting a $200.00 target.
2. Intel (Nasdaq: INTC)
Intel surged by 6.36%. Intel customizes AI chips for Amazon, implements cost-cutting and chip manufacturing measures, and delays German, Polish, and Malaysian projects. Additionally, Intel receives up to $30 billion from the Biden administration for a secure enclave plan, supporting domestic semiconductor supply.
3. Oracle (NYSE: ORCL)
Oracle gained solidly by 5.15%. Oracle reported Q1 2025 revenue of $13.307 billion, up 6.86% year-over-year, with net income of $2.929 billion. Melius Research upgraded Oracle to Buy. Jefferies maintained a Buy rating, raising its price target to $190. CEO Larry Ellison discussed AI GPU acquisition plans.
4. Vistrarp. (NYSE: VST)
Vistrarp. gained solidly by 4.52%. Vistra achieved $68.99 billion revenue for the first half of 2024, down 9.39% year-over-year. Jefferies initiated Vistra coverage with a "Buy" rating and a $99 target, while Morgan Stanley maintained an "Overweight" rating, raising the target to $110.
5. Rocketmpanies (NYSE: RKT)
Rocketmpanies gained solidly by 3.85%. UBS maintains sell rating on Rocket Companies, setting a $14.00 target. Insider transactions disclosed in September involve sales by executives Noah A. Edwards and Krishna Varun. Wedbush gives a neutral rating with an $18.00 target, while B of A Securities rates underperform, targeting $14.00.
Carvana surged by 7.61%. Carvana's 2024 interim report shows $64.71 billion revenue. Evercore ISI maintains an In-Line rating, raising the price target to $157.00. Stephens & Co. initiates coverage with an Overweight rating, targeting $190.00. JMP Securities reiterates Outperform, setting a $200.00 target.
2. Intel (Nasdaq: INTC)
Intel surged by 6.36%. Intel customizes AI chips for Amazon, implements cost-cutting and chip manufacturing measures, and delays German, Polish, and Malaysian projects. Additionally, Intel receives up to $30 billion from the Biden administration for a secure enclave plan, supporting domestic semiconductor supply.
3. Oracle (NYSE: ORCL)
Oracle gained solidly by 5.15%. Oracle reported Q1 2025 revenue of $13.307 billion, up 6.86% year-over-year, with net income of $2.929 billion. Melius Research upgraded Oracle to Buy. Jefferies maintained a Buy rating, raising its price target to $190. CEO Larry Ellison discussed AI GPU acquisition plans.
4. Vistrarp. (NYSE: VST)
Vistrarp. gained solidly by 4.52%. Vistra achieved $68.99 billion revenue for the first half of 2024, down 9.39% year-over-year. Jefferies initiated Vistra coverage with a "Buy" rating and a $99 target, while Morgan Stanley maintained an "Overweight" rating, raising the target to $110.
5. Rocketmpanies (NYSE: RKT)
Rocketmpanies gained solidly by 3.85%. UBS maintains sell rating on Rocket Companies, setting a $14.00 target. Insider transactions disclosed in September involve sales by executives Noah A. Edwards and Krishna Varun. Wedbush gives a neutral rating with an $18.00 target, while B of A Securities rates underperform, targeting $14.00.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.