{"id":32631,"date":"2023-07-07T10:09:59","date_gmt":"2023-07-07T14:09:59","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/rivian-tesla-levi-strauss-paramount-and-more-stock-market-movers\/"},"modified":"2023-07-07T10:10:01","modified_gmt":"2023-07-07T14:10:01","slug":"rivian-tesla-levi-strauss-paramount-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=32631","title":{"rendered":"Rivian, Tesla, Levi Strauss, Paramount, and More Stock Market Movers"},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

Stock futures traded mixed Friday after hiring in the U.S. eased in June, with companies adding 209,000 jobs during the month.<\/p>\n

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

\n Rivian Automotive
\n (ticker: RIVN) was rising 4.7% to $22.64 in premarket trading after the price target on shares of the electric-vehicles maker was raised to $30 from $25 at Wedbush. Rivian shares have closed higher for seven straight sessions.<\/p>\n

\n

\n Tesla
\n (TSLA) rose 0.5% to $277.96. The stock\u2019s price target was raised to $300 from $230 at
\n Mizuho.<\/span>
\n Separately,
\n Tesla
\n said it would offer EV buyers in China a cash rebate if they could show a referral from an existing owner, a sign of continuing competition in the Chinese EV market. <\/p>\n

\n Levi Strauss
\n (LEVI), the jeans maker, cut its revenue outlook for the fiscal year and the stock was tumbling 7.4% in premarket trading.
\n Levi Strauss
\n said it now expects sales growth of between 1.5% to 2.5%, down from its prior forecast of 1.5% to 3%. Adjusted earnings, the company estimated, would be $1.10 to $1.20 a share, below a previous range of $1.30 to $1.40.\u00a0<\/p>\n

American depositary receipts of
\n Alibaba
\n (BABA) were rising 3.3% after Reuters reported that Chinese authorities likely will announce a fine of at least $1.1 billion on Ant Group, an affiliate of the Chinese e-commerce giant. The fine will put to bed a probe of Ant and will allow the company to seek a financial holding company license, and eventually conduct an initial public offering. An IPO effort in 2020 was scrapped following a clampdown by Chinese regulators.<\/p>\n

\n Paramount Global
\n (PARA) declined 2.7% to $16.02 after the stock was downgraded to Underperform from Peer Perform with a $14 price target at Wolfe Research.
\n Warner Bros. Discovery
\n (WBD) fell 2.8%. It was downgraded by Wolfe to Peer Perform from Outperform.<\/p>\n

\n Newmont
\n (NEM) rose 1.8% after shares of the gold producer were upgraded to Overweight from Equal Weight at
\n Barclays.<\/span>\n <\/p>\n

\n KLA Corp.
\n (KLAC) was falling 1.2% to $456.20 after shares of the supplier of chip- making equipment were downgraded to Sector Weight from Overweight at KeyBanc. <\/p>\n

Same-store sales at
\n Costco
\n (COST) in June declined by 1.4%. The warehouse retailer estimated that a drop in gasoline prices dragged down total-store comparable sales by 4 percentage points. Not counting moves in gasoline prices and foreign-exchange rates, same-store sales in June rose by 3%. The stock fell 0.5%.<\/p>\n

Leqembi, the Alzheimer\u2019s treatment developed by
\n Biogen
\n (BIIB) and partner
\n Eisai,<\/span>
\n was granted full approval from the Food and Drug Administration. The Centers for Medicare and Medicaid Services previously has said it would cover much of the cost of Leqembi\u2014the yearly list price of the drug is $26,500\u2014for patients if it received full approval from the FDA. Shares rose slightly.<\/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 traded mixed Friday after hiring in the U.S. eased in June, with companies adding 209,000 jobs during the month. These stocks were poised to make moves Friday:\u00a0 Rivian Automotive (ticker: RIVN) was rising 4.7% to $22.64 in premarket trading after the price target on shares of the electric-vehicles maker was raised to $30 […]<\/p>\n","protected":false},"author":1,"featured_media":32632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-32631","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nRivian, Tesla, Levi Strauss, Paramount, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures traded mixed Friday after hiring in the U.S. eased in June, with companies adding 209,000 jobs during the month. These stocks were poised to\" \/>\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=32631\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rivian, Tesla, Levi Strauss, Paramount, and More Stock Market Movers | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Stock futures traded mixed Friday after hiring in the U.S. eased in June, with companies adding 209,000 jobs during the month. These stocks were poised to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=32631\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-07T14:09:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-07T14:10:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1688739000_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=32631#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=32631\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Rivian, Tesla, Levi Strauss, Paramount, and More Stock Market Movers\",\"datePublished\":\"2023-07-07T14:09:59+00:00\",\"dateModified\":\"2023-07-07T14:10:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=32631\"},\"wordCount\":452,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=32631#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=32631\",\"url\":\"https:\/\/ifintechworld.com\/?p=32631\",\"name\":\"Rivian, Tesla, Levi Strauss, Paramount, and More Stock Market Movers | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-07-07T14:09:59+00:00\",\"dateModified\":\"2023-07-07T14:10:01+00:00\",\"description\":\"Stock futures traded mixed Friday after hiring in the U.S. eased in June, with companies adding 209,000 jobs during the month. These stocks were poised to\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=32631#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=32631\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=32631#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rivian, Tesla, Levi Strauss, Paramount, and More Stock Market Movers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rivian, Tesla, Levi Strauss, Paramount, and More Stock Market Movers | iFintechWorld","description":"Stock futures traded mixed Friday after hiring in the U.S. eased in June, with companies adding 209,000 jobs during the month. These stocks were poised to","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=32631","og_locale":"en_US","og_type":"article","og_title":"Rivian, Tesla, Levi Strauss, Paramount, and More Stock Market Movers | iFintechWorld","og_description":"Stock futures traded mixed Friday after hiring in the U.S. eased in June, with companies adding 209,000 jobs during the month. These stocks were poised to","og_url":"https:\/\/ifintechworld.com\/?p=32631","og_site_name":"iFintechWorld","article_published_time":"2023-07-07T14:09:59+00:00","article_modified_time":"2023-07-07T14:10:01+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/07\/1688739000_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=32631#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=32631"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Rivian, Tesla, Levi Strauss, Paramount, and More Stock Market Movers","datePublished":"2023-07-07T14:09:59+00:00","dateModified":"2023-07-07T14:10:01+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=32631"},"wordCount":452,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=32631#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=32631","url":"https:\/\/ifintechworld.com\/?p=32631","name":"Rivian, Tesla, Levi Strauss, Paramount, and More Stock Market Movers | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-07-07T14:09:59+00:00","dateModified":"2023-07-07T14:10:01+00:00","description":"Stock futures traded mixed Friday after hiring in the U.S. eased in June, with companies adding 209,000 jobs during the month. These stocks were poised to","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=32631#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=32631"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=32631#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Rivian, Tesla, Levi Strauss, Paramount, and More Stock Market Movers"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/32631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32631"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/32631\/revisions"}],"predecessor-version":[{"id":32633,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/32631\/revisions\/32633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/32632"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}