Stocks making the biggest moves premarket: Turning Point Therapeutics, Lululemon, RH and others
Names on the move ahead of the open.
Snowflake can jump 33% as it gains more share in the cloud market, Raymond James say
Snowflake’s shares have plummeted 59.2% this year as rising rates threaten popular growth stocks, but Raymond James is “seeing through the whiteout.”
OPEC+ has ‘kind of broken down’ as Russia loses relevance and group faces tight spare capacity
Oil producers in OPEC+ have not been able to meet their production targets and have limited spare capacity to increase output, analysts said.
Sell Travelers as inflationary pressures threaten the insurance company’s margins, Goldman says
It’s time to sell this insurance stock as rising inflation puts pressure on its margins, Goldman Sachs says.
Turkey’s inflation soars to 73%, a 23-year high, as food and energy costs skyrocket
Economic analysts expect Turkey’s inflation will only get worse as the country grapples with President Erdogan’s unorthodox strategy on monetary policy.
Sell Micron as economic headwinds dent demand for PCs and smartphones, Piper Sandler says
Micron Technology’s exposure to consumer markets could prove problematic in the near term, according to Piper Sandler.
Feeling ‘super bad’ about economy, Musk wants to cut 10% of Tesla jobs
Tesla CEO Elon Musk has a “super bad feeling” about the economy and wants to cut about 10% of jobs at the electric carmaker.
Hedge fund manager Dan Niles explains why we are still in a bear market rally
U.S stocks have been slammed this year — despite some brief rallies. Hedge fund manager Dan Niles thinks we are in a bear market. Here’s why.
‘Third parties’ should not interfere in Taiwan’s dealings with the EU, Taiwan minister says
China should not interfere with commercial dealings between Taiwan and the EU, Taiwan’s deputy minister for economic affairs, Chen Chern-Chyi, told CNBC.
New York just passed a bill cracking down on bitcoin mining — here’s everything that’s in it
Lawmakers in New York just passed a bill to ban certain bitcoin mining operations that run on carbon-based power sources.