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Today’s Top Stock Movers: Palo Alto Networks, Arm, Domino’s, And More
(CTN News) – At midday Monday, the Dow and S&P 500 Palo Alto were relatively unchanged while the Nasdaq was slightly higher following last week’s record-setting run for the S&P 500 on the back of strong tech earnings news, which resulted in a record-setting run for the Dow and S&P 500.
After Palo Alto Networks (PANW) announced a partnership with several companies, including Nvidia (NVDA) to provide private 5G security services and solutions, the shares of the cybersecurity firm jumped. In response to the announcement that Nvidia is introducing new laptop GPUs for artificial intelligence (AI), Nvidia shares have edged higher.
There has been a surge in shares of Palo Alto Arm (ARM) due to Rosenblatt analysts raising their price target for the chip designer. In addition, Arm announced it is partnering with Microsoft (MSFT), Amazon (AMZN), Samsung, T-Mobile U.S. (TMUS), Nokia (NOK), and others to launch the AI-RAN Alliance to unlock possibilities in telecommunications with artificial intelligence.
With strong U.S. sales, a dividend hike, and a stock buyback program, Domino’s Pizza (DPZ) shares have soared.
Tesla (TSLA) and rival electric vehicles (EV) makers gained ground on the news that Chinese EV manufacturer Li Auto (LI) has reported better-than-expected results and that it expects a rise in demand for its products.
According to Argus research, Palo Alto Newmont’s (NEM) stock has fallen after a downgrade from analysts, who said gold prices may not rise much more, impacting the growth of the world’s biggest gold miner.
HSBC has downgraded Moderna (MRNA) and sent the shares of the company lower as a result. There were concerns raised by the bank regarding the company’s RSV vaccine set to hit the market this year, which could provide revenue to the company.
In the Dow Jones Industrial Average, Walgreens Boots Alliance (WBA) Palo Alto has declined since Amazon replaced it. Shares of Amazon were little changed from the previous day.
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