{"id":29542,"date":"2023-06-30T06:23:43","date_gmt":"2023-06-30T10:23:43","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/apple-nike-tesla-nvidia-and-more-stock-market-movers\/"},"modified":"2023-06-30T06:23:44","modified_gmt":"2023-06-30T10:23:44","slug":"apple-nike-tesla-nvidia-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=29542","title":{"rendered":"Apple, Nike, Tesla, Nvidia, and More Stock Market Movers"},"content":{"rendered":"
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<\/p>\n
<\/p>\n<\/figure><\/div>\n

Stock futures were rising Friday\u00a0with traders awaiting the release of the personal-consumption expenditures price index, the Federal Reserve\u2019s preferred measure of price-growth. Friday marks the last trading day of the second quarter, a period which has seen the
\n S&P 500
\n jump nearly 7% and the
\n Nasdaq Composite
\n soar more than 11%. The tech-heavy Nasdaq has gained almost 30% over the first six months of the year. <\/p>\n

These stocks were poised to make moves Friday:\u00a0<\/p>\n

\n

\n Apple
\n (AAPL) was rising 0.7% to $191 in premarket trading, which would put its market capitalization above $3 trillion. It closed Thursday with a market capitalization of $2.98 trillion. Shares of the iPhone maker were initiated with a Buy rating at
\n Citi.<\/span>
\n Analyst Atif Malik set a price target of $240 on the stock. <\/p>\n

\n Nike
\n (NKE) reported fiscal fourth-quarter earnings that missed analysts\u2019 expectations and issued first-quarter guidance that also came up short. Gross margins took a hit during the fourth quarter, falling 1.4 percentage points to 43.6% because of higher input costs and ongoing discounting activity designed to get rid of excess inventory. Shares of the sneaker giant fell 3.5% in premarket trading. <\/p>\n

\n Tesla
\n (TSLA) was rising 0.6% in premarket trading with the electric-vehicle maker expected to release second-quarter deliveries on Sunday. Analysts expect deliveries of about 445,000 cars, which would be a quarterly record. Deliveries in the first quarter were 423,000. Shares of
\n Tesla
\n have risen 109% this year.<\/p>\n

Shares of chip maker
\n Nvidia
\n (NVDA) were up 0.8% in premarket trading to $411.55. The stock was upgraded to Outperform from Neutral and the price target was raised to $475 from $408 by analysts at Daiwa, the Fly reported. The stock has risen 179% in 2023.<\/p>\n

\n Carnival
\n (CCL) gained 2.7% to $17.63 after shares of the cruise company were upgraded to Buy from Neutral at Jefferies, according to the Fly. The analysts raised their price target on the stock to $25 from $9.<\/p>\n

\n Constellation Brands
\n (STZ), the beer and spirits company, is scheduled to report fiscal first-quarter earnings on Friday. The company\u2019s Modelo Especial recently topped
\n Anheuser-Busch InBev\u2019s<\/span>
\n (BID) Bud Light\u00a0to become the best-selling beer in the U.S.<\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stock futures were rising Friday\u00a0with traders awaiting the release of the personal-consumption expenditures price index, the Federal Reserve\u2019s preferred measure of price-growth. Friday marks the last trading day of the second quarter, a period which has seen the S&P 500 jump nearly 7% and the Nasdaq Composite soar more than 11%. The tech-heavy Nasdaq has […]<\/p>\n","protected":false},"author":1,"featured_media":25858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-29542","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nApple, Nike, Tesla, Nvidia, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures were rising Friday\u00a0with traders awaiting the release of the personal-consumption expenditures price index, the Federal Reserve\u2019s preferred\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=29542\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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