Cisco Systems and Ball rise premarket; CVS, Wolfspeed and Tapestry lower
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StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Stellantis (STLA) AEG report shows a union strike could cost the U.S. auto industry $5.5B
August 21, 2023 3:11 PM EDTAnderson Economic Group (AEG) released a report late last week highlighting the potential economic impact of a 10-day auto union strike. According to the report, AEG estimates a strike on all three automakers by 143,000 United Auto Workers (UAW) members could result in a total economic loss of more than $5 billion after 10 full days.
The assessment adopts a holistic perspective, considering not only the impacts on workers and manufacturers, but also the potential repercussions on car dealers and parts suppliers that could result from a... More
Stellantis (STLA) threatened to move RAM 1500 production to Mexico, union leader says
August 21, 2023 2:36 PM EDTUnited Auto Workers (UAW) union Vice President, Rich Boyer revealed Sunday that Dodge-Chrysler parent Stellantis (NYSE: STLA) threatened to relocate production of their Ram 1500 pickup trucks from its location in metro Detroit to a facility in Mexico.
The threat comes as contract negotiations for thousands of autoworkers have reached a near boiling point. The UAW will hold a vote this week to award... More
America Movil (AMX) upgraded as Citi sees 'attractive entry point'
August 17, 2023 1:22 PM EDTCiti analyst Andres Cardona upgraded shares of America Movil (NYSE: AMX) to Buy from Neutral, maintaining a $23.50 per share price target on the stock in a note Thursday.
The analyst raised the stock following a recent pullback, which saw the company's... More
Blue Shield of California news on CVS Health (CVS) will have 'minimal' impact - TD Cowen
August 17, 2023 9:26 AM EDTTD Cowen analyst Charles Rhyee weighed in on CVS Health (NYSE: CVS) with shares down 7% after Blue Shield of California said it will no longer be using the company's Caremark as its current pharmacy-benefit manager.
The analyst commented, "Share... More
Stellantis (STLA) invests in direct lithium extraction project
August 17, 2023 9:08 AM EDTStellantis (NYSE: STLA) said Thursday that the carmaker will be investing more than $100 million in California-based direct lithium extraction (DLE) company, Controlled Thermal Resources.
Different DLE technologies come with their own unique approaches, but all share the common goal of extracting lithium from saline brine deposits through mechanical filtration. This innovative process eliminates the necessity for open pit... More
