{"id":63425,"date":"2023-09-20T09:04:34","date_gmt":"2023-09-20T13:04:34","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/instacart-ford-pinterest-coty-dollar-general-intel-and-more-market-movers\/"},"modified":"2023-09-20T09:04:37","modified_gmt":"2023-09-20T13:04:37","slug":"instacart-ford-pinterest-coty-dollar-general-intel-and-more-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=63425","title":{"rendered":"Instacart, Ford, Pinterest, Coty, Dollar General, Intel, and More Market Movers"},"content":{"rendered":"
\n
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<\/p>\n<\/figure><\/div>\n

Stock futures traded higher Wednesday\u00a0as Wall Street prepared for a decision from the Federal Reserve on interest rates. Economists and investors alike widely expect Jerome Powell and his colleagues at the central bank to hold the benchmark federal funds rate steady.<\/p>\n

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

\n

\n Instacart
\n (ticker: CART) was falling 3.2% to $32.63 in premarket trading after the online grocery-delivery company closed Tuesday with a gain of 12% to $33.70 in its trading debut. The stock had opened 40% above its initial public offering price of $30 and peaked at $42.95 before paring gains into the close.<\/p>\n

\n Ford Motor
\n (F) was up 0.3% after Unifor, the union representing Ford\u2019s Canadian autoworkers, reached a tentative deal with the U.S. auto maker with just hours to go before an 11:59 p.m. ET Tuesday strike deadline. The agreement covers 5,600 workers at Ford\u2019s Canadian plants. American auto workers at Ford,
\n General Motors
\n \u00a0(GM), and
\n Stellantis
\n \u00a0(STLA) remain on strike with the United Auto Workers union threatening to broaden the strike if negotiating progress isn\u2019t made\u00a0by Friday.<\/p>\n

\n Pinterest
\n (PINS) rose 3.7% to $27.19 after executives, speaking at the social-media company\u2019s\u00a0first investor day, said they expect a compound annual growth rate over the next three to five years in the mid- to high teens, compared with\u00a0guidance\u00a0in the high single digits for the third quarter. The stock was upgraded to Buy from Neutral at D.A. Davidson and the price target was boosted to $35 from $25. Citi analysts also upgraded their recommendation on
\n Pinterest
\n to Buy.<\/p>\n

\n Intel
\n (INTC) rose 0.2% in premarket trading after slumping 4.3% in the previous session. The stock was the worst performer in the
\n Dow Jones Industrial Average
\n on Tuesday after the chip maker issued some cautionary comments on data center chip demand in a meeting with analysts connected with the Intel Innovation customer event. Chief Financial Officer David Zinsner said channel inventory of data center processors was taking longer to clear than it did for the company\u2019s PC processor business. He said Intel was finding the recovery in the data center business to be \u201ca little bit more delayed.\u201d\u00a0<\/p>\n

\n Coty
\n (COTY) gained 5.8% after the beauty product company lifted its outlook for the first half and full year fiscal 2024, citing \u201cstrong beauty demand, particularly in prestige fragrances.\u201d <\/p>\n

Shares of
\n nCino
\n (NCNO) fell 4.2% to $31.69 after
\n Morgan Stanley
\n downgraded the financial-technology company to Underweight from Equal Weight with an unchanged price target of $24.<\/p>\n

\n Zebra Technologies
\n (ZBRA) was down 3.1% to $244.39 after it also was downgraded to Underweight from Equal Weight at Morgan Stanley.<\/p>\n

\n Steelcase
\n (
\n SCS
\n ) rose 3.3% after the furniture company said it expects \u201csignificantly improved\u201d adjusted fiscal-year earnings as more companies issue return-to-office mandates, adding that it sees demand levels improving \u201cas customers seek our help to evolve their workplaces to engage, connect and work better for their employees.\u201d <\/p>\n

\n Western Digital
\n (WDC), a provider of disk drives and flash-memory chips, rose 2.9% after being upgraded to Outperform from Neutral at Exane BNP Paribas. <\/p>\n

\n Dollar General
\n (DG) declined 1.8% to $113.06 after shares of the discount retailer were downgraded to Underweight from Neutral at
\n J.P. Morgan.<\/span>
\n The price target was reduced to $116 from $132.<\/p>\n

\n General Mills
\n (GIS) edged 0.5% higher in premarket trading after the cereal maker reported fiscal first-quarter earnings and sales that slightly beat analysts\u2019 estimates and reiterated fiscal-year guidance.<\/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 higher Wednesday\u00a0as Wall Street prepared for a decision from the Federal Reserve on interest rates. Economists and investors alike widely expect Jerome Powell and his colleagues at the central bank to hold the benchmark federal funds rate steady. These stocks were poised to make moves Wednesday:\u00a0 Instacart (ticker: CART) was falling 3.2% […]<\/p>\n","protected":false},"author":1,"featured_media":63246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-63425","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nInstacart, Ford, Pinterest, Coty, Dollar General, Intel, and More Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures traded higher Wednesday\u00a0as Wall Street prepared for a decision from the Federal Reserve on interest rates. 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