Check out the companies making headlines in midday trading: Advanced Micro Devices — The chipmaker’s stock gained more than 2%. Advanced Micro Devices announced plans to buy server builder ZT Systems in a cash-and-stock deal totaling $4.9 billion. HP — Shares slid more than 3% after Morgan Stanley downgraded the personal computing company to equal weight from overweight, citing limited upside potential. Sweetgreen — The salad chain dropped 6% after Piper Sandler downgraded Sweetgreen to neutral from overweight, saying the risk/reward for the stock is now more balanced. Analyst Brian Mullan issued the rating change on the back of a softening outlook on the fast-casual sector, but he noted that his long-term view on Sweetgreen remains bright. Estée Lauder — The beauty stock added about 1%. Estée Lauder offered disappointing guidance for the 2025 fiscal year. The company also announced that its CEO Fabrizio Freda will retire at the end of fiscal 2025. FuboTV — The sports-focused streaming stock rallied 33%. A U.S. judge on Friday temporarily blocked sports streaming service Venu from launching. FuboTV had alleged in the suit that the joint sports streaming service from Disney, Warner Bros. Discovery and Fox was anticompetitive. Taylor Morrison Home — The stock added 3% following an upgrade at BTIG to buy from neutral. The firm said it has increased confidence in the homebuilder’s long-term goals. General Motors — The industrial giant’s stock inched higher by less than 1%. GM said it is laying off more than 1,000 salaried employees globally in its software and services division following a review to streamline the unit’s operations. The layoffs include roughly 600 jobs at General Motors’ tech campus near Detroit. Dutch Bros — Shares of the coffee chain dipped 3% after Piper Sandler downgraded the stock to neutral from overweight. Dutch Bros could be hurt by softening traffic to fast-casual restaurants, according to the investment firm. Zim Integrated Shipping Services — The marine shipping stock popped 23% after raising its full-year outlook for adjusted earnings before interest, taxes, depreciation and amortization. The company said to expect between $2.6 billion and $3 billion for adjusted EBITDA in the full year, higher than its previously forecast range of $1.15 billion to $1.55 billion. Zim also said it earned $1.93 billion in revenue during its second quarter. Shake Shack — Shares slipped 3% after Piper Sandler downgraded the burger chain to neutral from overweight. The firm cited a worsening industry backdrop. McDonald’s — The burger giant jumped 3% after Evercore ISI hiked its price target to $320 from $300. “We are increasingly bullish on McDonald’s US business for 2024 with some relative market share trend improvement occurring recently which we believe will continue through 2H24,” analysts wrote in a Monday report. The firm kept its rating of outperform on McDonald’s. — CNBC’s Alex Harring, Michelle Fox, Yun Li, Sarah Min, Hakyung Kim and Jesse Pound contributed reporting.
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Time is the most valuable thing any of us has. Therefore, why not keep track of it in the most accurate and stylish way possible, relishing every second? Amazon can help you do that with its incredible selection of high-end watches. One of them, from Citizen, is currently available for half off, and we think it ticks all the boxes.
The Citizen Calandrier Eco-Drive Watch is on sale for $260 right now, which is 50% off the regular price of $525. Not only does this watch give you the time, but it even tells you the day and the date.
Citizen Calandrier Eco-Drive Watch, $260 (was $625) at Amazon
While a watch that tells the time is useful, one that does that and lets you know exactly what day and date it is can keep you on schedule better than you might imagine. In addition to the time, day, and date functions, this watch has a 24-hour tracker and world time function, so you can know what time it is anywhere in the world.
With a stainless steel case and bracelet, the timepiece oozes elegance and durability. Its blue dial is highly legible and attractive, and is sure to get you plenty of compliments. It also has a scratch-resistant mineral crystal and 100 meters of water resistance. The Japan-made quartz movement inside operates off of solar energy, provided by the Eco-Drive technology within.
Amazon customers raved about this watch. One called it “my favorite watch,” adding, “I fell in love with how it looked…It feels and looks like a very high-quality watch. All the functions work perfectly and are not hard to read.”
Another touted the “beautiful blue dial,” and said, “I love good-looking watches…but if the design can incorporate useful functions as well, it’s a winner for me. And this watch does all of that.”
The Citizen Calandrier Eco-Drive Watch will let you know exactly when you are, and it can do so in style. It can also do so for only $260 at the moment, so why not take a chance? We would never waste your time if it weren’t worth it.
Check out the companies making headlines in premarket trading. Oil stocks — Energy stocks climbed in premarket trading amid a jump in oil prices after Israel launched airstrikes against Iran without U.S. support, drawing concerns over the supply outlook from the oil-rich Persian Gulf. Chevron and Exxon Mobil rallied about 3% each, while ConocoPhillips jumped more than 4%. EOG Resources gained more than 3%. Gold stocks — Stocks tied to gold advanced as investors flocked to the perceived safe haven amid the geopolitical escalation. Newmont and SSR Mining both rose more than 1%, as did the VanEck Gold Miners ETF (GDX) . Defense stocks — Weapons manufacturers rose amid elevated geopolitical risk following Israel’s attack on Iran. RTX and Northrop Grumman both surged more than 4%, Lockheed Martin gained 3.5% and L3Harris Technologies added 2.2%. Cruise lines and airlines — Travel companies slid as investors worried that heightened risk would deter vacationers and spikes in oil prices would hurt profit. Carnival fell more than 4%, Norwegian Cruise Line and Royal Caribbean Cruises dropped more than 3% each. United Airlines weakened more than 5% while Delta Air Lines and American Airlines each declined more than 4%. Southwest Airlines shed more than 2%. Hotel stocks — Hotel and resort stocks declined as traders weighed the outlook for diminished travel demand following Israel’s strike on Iran. Hilton Worldwide and InterContinental Hotels Group slipped more than 2% apiece, while Marriott pulled back nearly 2%. RH — The home furnishings retailer jumped 19% after posting a surprise adjusted profit in its fiscal first-quarter. RH earned an adjusted 13 cents per share, while analysts surveyed by LSEG expected a loss of 9 cents per share. Net income of $8 million reversed a year-earlier loss of $3.6 million, but revenue trailed Street estimates. RH shares were down more than 50% year to date ahead of the report. DraftKings — Shares of the sports betting app lost nearly 3% after imposing a 50-cent transaction fee in Illinois starting in September after state lawmakers passed a budget including what one analyst described as a surprise increase in an online gambling tax . Adobe — Shares fell more than 3% after the graphic design software company posted better-than-expected second-quarter earnings. StreetAccount cited concern over a “slight deceleration in Subscription and cRPO growth rates [and] implied Q4 growth outlook.” In the latest quarter, Adobe earned an adjusted $5.06 per share on $5.87 billion in revenue, above the $4.96 per share and $5.79 billion in revenue analysts surveyed by LSEG were expecting. Adobe also lifted its full-year guidance. GE Vernova — The turbine manufacturer slipped nearly 3% on the heels of a downgrade to peer perform from outperform at Wolfe Research. Analyst Nigel Coe cited concern over GE Vernova’s “challenging valuation” after a more than 48% gain for the stock in 2025. — CNBC’s Yun Li, Jesse Pound, Sean Conlon and Brian Evans contributed reporting