Moving ahead to the premarket session on Thursday, June 15th, several stocks have attracted attention. Stay updated with the latest developments.
Lennar’s stock (NYSE: LEN) witnessed a 2.2% increase as the homebuilder raised its full-year projection for home deliveries. This positive shift can be attributed to the pent-up demand and limited availability of existing homes.
Tesla’s stock (NASDAQ: TSLA) experienced a 3.3% decline, retracing some of its recent gains. This came after a small loss on Wednesday, which interrupted its 13-day winning streak, during which the electric vehicle manufacturer’s stock soared by 41%.
Shares of JD.com (NASDAQ: JD) rose by 2.3%, and Alibaba’s ADRs (NYSE: BABA) climbed 1.3%. Chinese companies benefited from the People’s Bank of China’s decision to reduce borrowing costs for its medium-term policy loans for the first time in 10 months.
Domino’s Pizza’s stock (NYSE: DPZ) increased by 2.2% after Stifel upgraded its rating on the fast food chain from ‘hold’ to ‘buy.’ Anticipated initiatives in the second half of the year played a role in this upgrade.
Accenture’s stock (NYSE: ACN) rose by 1.3% following Piper Sandler’s upgrade of the professional services company from ‘underweight’ to ‘neutral.’ This upgrade came after Accenture’s announcement of a $3 billion investment in its Data & AI segment for the next three years.
Shares of Applied Materials (NASDAQ: AMAT) fell by 1.5% as Needham downgraded the semiconductor toolmaker from ‘buy’ to ‘hold.’ Needham stated that the AI hype had led to overbought conditions in the semiconductor capital equipment industry.
Aldeyra’s stock (NASDAQ: ALDX) saw a 7.5% increase after the biotech company reported positive results from its trial of an allergic conjunctivitis treatment.
XPeng’s stock (NYSE: XPEV) rose by 2.6% as the Chinese EV manufacturer received approval to introduce self-driving technology in Beijing. This development gave XPeng an advantage over its competitors.
