Trending Stocks, bonds and more
Stock indexes rose, with the Nasdaq rising 1% and the Dow up nearly 200 points.
Indexes edged higher in Europe and fell in Asia. Meanwhile, European bond yields rose.
Tweet on trending stocks
MarketWatch:
GameStop (GME): stock rose in early trading
Peloton Interactive (PTON): Share rose
Micron Technology (MU): Shares declined
Jabil (JBL): shares were on track for an all-time closing high
Workday (WDAY): stock tumbled more than 8%#trending #stocks pic.twitter.com/RIOYBdRdex— The_Journalbiz (@the_journalbiz) September 28, 2023
Factset chart
GameStop (GME): The videogame retailer named Ryan Cohen as its chief executive officer, a role for which he won’t receive compensation, following a lengthy stretch without a CEO. Its stock rose in early trading, then moved lower.
Peloton Interactive (PTON): Shares in the stationary bike maker rose in morning trading after it struck a deal with Lululemon (LULU) on Wednesday to sell co-branded apparel.
Micron Technology (MU): Shares in the memory chip maker declined after it reported a wider-than-expected quarterly loss.
Jabil (JBL): The electronics manufacturer’s shares jumped after it gave stronger-than-expected guidance for its current quarter. The shares were on track for an all-time closing high, according to Dow Jones Market Data.
Accenture (ACN): The professional services firm’s stock declined more than 5%. Its quarterly results disappointed investors, as did its 2024 earnings forecast.
Workday (WDAY): The cloud software company’s stock tumbled more than 8% after it cut its target for annual subscription revenue growth over the next three years.
CarMax (KMX): The used-car retailer’s quarterly net earnings and revenue fell, as the autoworkers’ strike threatens to ramp up used car prices. Its stock slumped nearly 9%. General Motors (GM), Ford (F) and Chrysler parent Stellantis (STLA) may face broader strikes by the United Auto Workers.
Nike (NKE): The sneaker giant will post earnings after the market closes.
