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- AAPL▼ -2.66%· via Yahoo
Apple shares fall 2.66% as new chief executive prepares workforce cuts
Apple Inc (AAPL) fell 2.66% to $329.40 as reports emerged that CEO John Ternus is preparing layoffs amid rising costs. The stock trades at 84.4% of its 52-week range, with a market cap of $4.84T, though its most recent quarter showed an EPS miss of 0.89%.
- JPM▼ -0.48%· via Yahoo
JPMorgan analysts see further upside for Micron on contract strength
JPMorgan Chase & Co (JPM) common stock closed at $334.98, down 0.48% in a session where volume ran 1.27x its 20-day average. Analysts at the bank said Micron Technology's recent rally may continue, citing long-term supply agreements that could support more durable earnings than the market expects. JPMorgan shares have returned 19.00% over six months.
- BAC▼ -0.92%· via Yahoo
Bank of America stock falls 0.92% as firm reinstates Paylocity at buy
Bank of America Corp (BAC) common stock closed at $54.96, down 0.92% on the session. The bank reinstated coverage of Paylocity Holding Corp with a buy rating and $175 price target, citing the payroll firm's expansion into finance, IT, services and AI. Bank of America Corp (BAC) has returned 6.98% over the past year.
- PEP▲ +0.15%· via Yahoo
PepsiCo shares edge up 0.15% as J.P. Morgan cuts rating on North American snack weakness
PepsiCo Inc (PEP) common stock rose 0.15% to $128.69, closing near the bottom of its 52-week range at 5.0% of the band. J.P. Morgan downgraded the beverage company and reduced its price target, citing weakness in North American snack operations that may pressure future growth. The stock has declined 16.04% over six months and last quarter missed earnings estimates by 1.31%.
Technology stocks lifted Nasdaq 2.7% while energy and utilities fell 2.7% and 4.2%
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