Microsoft’s signage is seen at the company’s headquarters in Redmond, Washington, on January 18, 2023.
Matt Mills McKnight | reuters
Check out the companies making the biggest moves of the afternoon:
Zillow Group — Shares rose nearly 4% after Evercore ISI upgraded the stock to outperform off the line, saying investors should “buy shares before what happens.”get well soonin the housing market. The firm also raised its price target from $34 to $61, which suggests an upside of about 44% from Friday’s close.
Microsoft Shares of the technology corporation rose more than 3% on Monday, after Morgan Stanley once again pegged its market cap at over $2 trillion. reiterated its overweight rating for stock. Microsoft announced its new AI-powered Bing search browser last week.
twilio — followed by a 2.8% increase in the cloud communications software marker Announced plans to cut 17% of its workforce, or roughly 1,500 jobs. Twilio already cut 11% of its workforce in September.
Ralph Lauren – Shares of the apparel giant rose nearly 4% Bank of America upgraded the stock to buy neutrally. The firm also raised its price target, saying the brand is looking to differentiate itself among its peers during these challenging times. The move follows an upbeat earnings report on Thursday, according to Refinitiv, when it reported better-than-expected sales for its fiscal third quarter.
meta — Facebook parent stock rose nearly 3% after the Financial Times reported it is planning a second round of layoffs. the meta is already over 11,000 workers leave in NovemberAs part of its effort to become leaner and more efficient.
Fidelity National Information Service Shares fell 13% after the company gave weak guidance for the first quarter, although it reported modest earnings and revenue for the fourth quarter, according to FactSet. Fidelity also said it would spin off its merchant solutions business.
Alliance Bernstein – Financial stocks added 2% on the back upgrade from neutral to better performance by Credit Suisse. The firm said AllianceBernstein stock is more attractive, especially after the company’s better-than-expected fourth quarter and future guidance.
expo — Shares of the shipping company rose more than 3% on Monday as XPO’s stock recovered slightly from its heavy losses last week. Shares fell late last week after XPO reported fourth-quarter results. Morgan Stanley became the latest Wall Street firm to downgrade XPO on Monday, it said Stock may be in the “penalty box” After its latest report.
henry sheen – Provider of health care products and services gained 3% after the announcement repurchased up to $400 million shares of its common stock.
fast – Shares increased by 27% Bank of America double upgrades the stock Buying from underperforming. In a note, analyst Tal Liani said Fastly could reach profitability by next year on the back of its core technology and new management team.
five down — The discount retailer’s stock rose 2.9% after being upgraded by Roth MKM buy holdKeeping this in mind it sees attractive growth ahead.
Tesla — The electric-vehicle maker dipped 1%. at the end of last week, Reuters reported Tesla must open its supercharging network to competitors in order to qualify for US subsidies.
Illumina Shares gained 6%, recouping losses last week due to its disappointing earnings report. Illumina is also one of the stocks that Goldman Sachs recently designated “is likely to generate the largest alpha,
— CNBC’s Alex Haring, Haking Kim, Jesse Pound, Pia Singh and Michael Bloom contributed reporting.