Lululemon, Micron and UBS rise premarket; Macy's, Foot Locker fall

GM and Google (GOOGL) partner to phase out Apple (APPL) CarPlay in EVs

General Motors (NYSE: GM) is making the decision to phase out its widely-used Apple (NASDAQ: APPL) CarPlay and Android systems, shifting instead to built-in infotainment systems developed with Google for future electric vehicles. Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a vehicle's dashboard display.

As reported by Reuters, starting with the 2024 Chevrolet Blazer, GM is... More

Mizuho Defending Micron Technology (MU), 'Buy the Pullback'

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and $72.00 price target on Micron Technology (NASDAQ: MU)

The analyst comments "This morning, there are reports of a China Cybersecurity review of MU. It could be a double-edged sword, in our view, as: 1) China has... More

Apple and Disney worth more together than separately, says Needham & Company

In a note on Apple (NASDAQ: AAPL) vs. Walt Disney (NYSE: DIS), Needham & Company analyst Laura Martin stated that Apple and Disney are complementary networks.

The analyst, who has a Buy rating and $170 price target on Apple, said... More

UBS cuts softlines retailers including Foot Locker as view becomes increasingly bearish

UBS downgraded retailers Ross Stores (NASDAQ: ROST), Burlington Stores (NYSE: BURL), Urban Outfitters (NASDAQ: URBN), and Foot Locker (NYSE: FL) to Sell in a note Wednesday, cutting Bath & Body Works, Inc. (NYSE: BBWI) to Neutral.

Analyst Jay Sole told investors the firm has become increasingly bearish on softlines stocks.

On BBWI, the analyst said... More

Macy's (M) names Tony Spring as CEO in leadership transition

(Updated - March 29, 2023 2:23 PM EDT)

Update: Correction in headline - Jeff Gennette announces retirement / Tony Spring appointed CEO

Macys (NYSE: M) announced Wednesday that Chairman and longtime CEO, Jeff Gennette plans to retire in February after serving the company for 40 years.

The announcement follows a rigorous succession planning process that included an internal and external search. The search culminated in the decision to appoint Tony Spring, as Macys president and CEO-elect, and as a member of the board of directors.

Serving Macys, Inc. over the past 40 years... More