Here are some of the stocks making the biggest moves in Monday’s noon trading: Meta Platform – The social media giant’s stock has risen 2% after Meta said it would bring ads to WhatsApp. The company will also begin monetizing WhatsApp’s channel capabilities through search ads and subscriptions. MGM Resort – Casino Operator’s shares rose more than 7% after BetMGM LLC, co-owned by MGM and co-owned by Entain. BETMGM’s net revenue is expected to range from $2.4 billion to $2.5 billion from previous forecasts to at least $2.6 billion. Energy Stocks – Stocks of a large energy company slipped. Oil prices have fallen following reports that Iran wants to end hostilities with Israel. APA Corporation fell by almost 3%, while EOG Resources and Conocophillips lost about 2%. CISCO – Tech Stock has increased by 2% after Deutsche Bank upgraded to buy from Hold. Analyst Matt Niknam said Cisco’s target looks more realistic as it benefits from the growing demand for artificial intelligence. US Steel – U.S. Steel shares rose 5% after President Donald Trump issued an executive order on Friday that approved a merger with Japan’s Japanese Steel. The companies have also signed a national security agreement that includes a golden share of the US government. Although US steel had not specified the authority the government should exercise on its distribution, Trump said Thursday that Golden Share would give the US president “full control.” Roku – The streaming platform jumped almost 8% after announcing an exclusive partnership with Amazon. The agreement allows advertisers to reach approximately 80 million US households through the Amazon platform. Advanced Micro Devices – Chipmakers added more than 9% after price targets increased from Piper Sandler. After AMD’s close quarterly pre-quarterly call on Friday, Piper said it anticipated AMD’s artificial intelligence business would surge after the third quarter when China-related charges were passed, and it looked at the rise in convictions among investors about a major hyperschool client. ECHOSTAR – The satellite company jumped 45% after Bloomberg News reported late Friday, and after President Donald Trump reported that he had pushed the head of the Federal Communications Commission to resolve the spectral dispute. The company has threatened to file for bankruptcy protection, claiming that the FCC threat has blocked its ability to decide to build out 5G networks. celsius – Energy Drink Company has gathered nearly 6% after TD Cowen upgraded the stock to buy it from holds, saying “the growth story is heated.” The investment bank said it is confident in the smooth integration of its acquisition of the celsius brand, the company Alani Nu, and its wide distribution next year. Victoria’s Secret – Stocks added about 2% following reports that activist investor Barrington Capital Group has built its shares in retailers. Barrington intends to push Victoria’s secrets to overhaul the board and refocus the business secrets, the Wall Street Journal said, citing a letter the company sent to Victoria’s Secret Chair Donna James. Sage Therapeutics – Sage surged 35% after Sage Supernus Pharmaceuticals agreed to acquire it in a deal worth $12 per share, or a deal worth $795 million. According to the statement, the deal will diversify Supernus’ revenue base and add a treatment for FDA-approved postnatal depression drugs. Sage shareholders will receive one share of cash and one share of $8.50 for certain specific milestones worth $3.50 per share. Sarepta Therapeutics – The biopharmaceutical company has polled about 45% after Sarepta reported the death of a second patient who received Elevedi gene therapy for Duchenne muscular dystrophy. Salepta has stopped Yerevidi’s cargo and is taking steps to improve the safety of non-American patients. Estee Lauder, Coty – Speculation about trading production has boosted beauty brands. The rally arrived from China on heels with stronger sales than expected, and there was speculation about a potential sale of Estee Lauder after the death of Chairman Honorary Leonard Lauder. Meanwhile, WWD reported that Coty is pondering a sale in which he divides luxury brands from mass market brands, including CoverGirl and Max Factor, citing industry sources. Estee Lauder shares rose nearly 10%, while Coty rose almost 7%. – CNBC’s Jesse Pound, Michelle Fox, Christina Cheddar Berk and Courtney Reagan contributed the report.
Meta, AMD, CSCO, Roku, etc.
