Today’s Stocks to Watch: Coinbase, Boeing, and Hertz
Key Points To Watch Out For:
- Super Micro shares rose 9% following a new positive recommendation.
- UnitedHealth rebounded 3% after slumping due to the departure of its CEO.
- Cisco will report results after the market closes.
Super Micro Computer (SMCI): Recommendation Boosts AI-Related Stock
Super Micro shares rose nearly 9% in premarket trading, extending their rally after Tuesday’s tech-led rebound. An additional boost came from Raymond James, which upgraded the company to “outperform,” highlighting its leading position in the supply of servers for artificial intelligence applications. The positive sentiment surrounding AI continues to drive these shares higher.
UnitedHealth (UNH): Technical Rebound After Leadership Change
UnitedHealth advanced about 3% before the open, in a recovery move after losing 18% in the prior session. The sharp sell-off was triggered by the resignation of its CEO and the company’s decision to suspend its financial guidance amid a challenging environment. Despite the rebound, stocks in the healthcare sector remain under pressure.
JD.com (JD): Solid Earnings Report Strengthens Confidence in Chinese Consumption
JD.com gained 3% in Hong Kong after posting better-than-expected earnings. The company noted a rebound in consumer demand in China, despite trade tensions. The improvement in spending is a positive sign not only for JD but also for other digital retailers with exposure to the Asian market.
Cisco Systems (CSCO): Expectations Surrounding Results After Close
Cisco is set to release its quarterly results on Wednesday after the market closes. Analysts will be looking for signs of resilience in software and cloud services sales, as well as any possible impacts from trade tensions. Its shares have been relatively stable but could see increased volatility following the report.