Lennar, JD.com, Domino's Pizza rise premarket; Tesla falls
Investing.com -- Stocks in focus in premarket trade on Thursday, June 15th. Please refresh for updates.
Lennar (NYSE: LEN) stock rose 2.2% after the homebuilder raised its full-year forecast for home deliveries, benefiting from pent-up demand and the lack of existing home inventory.
- Tesla (NASDAQ: TSLA) stock fell 3.3%, unwinding some of its recent gains after a small loss on Wednesday halted 13 straight sessions of gains, which resulted in the EV manufacturer's stock gaining 41%.
JD.com (NASDAQ: JD) ADRs rose 2.3% and Alibaba (NYSE: BABA) ADRs climbed 1.3% as Chinese companies benefited from the decision of the People’s Bank of China to cut the borrowing cost for its medium-term policy loans for the first time in 10 months.
Domino’s Pizza (NYSE: DPZ) stock rose 2.2% after Stifel upgraded its stance on the fast food chain to ‘buy’ from ‘hold’, with new initiatives set to kick in during the second half of the year.
Accenture (NYSE: ACN) stock rose 1.3% after Piper Sandler upgraded the professional services company to ‘neutral’ from ‘underweight’, after it announced a $3 billion investment over three years in its Data & AI segment earlier this week.
Applied Materials (NASDAQ: AMAT) stock fell 1.5% after Needham downgraded the semiconductor toolmaker to ‘hold’ from ‘buy’, stating that semi-caps are overbought on the AI hype.
Aldeyra (NASDAQ: ALDX) stock rose 7.5% after the biotech announced positive results from its trial of a treatment for allergic conjunctivitis.
XPeng (NYSE: XPEV) stock rose 2.6% after the Chinese EV manufacturer received approval to roll out self-driving technology in Beijing, stealing a march on its rivals.