{"id":65133,"date":"2023-09-25T08:28:12","date_gmt":"2023-09-25T12:28:12","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/paramount-warner-bros-discovery-amazon-hp-inc-carmax-nike-and-more-market-movers\/"},"modified":"2023-09-25T08:28:15","modified_gmt":"2023-09-25T12:28:15","slug":"paramount-warner-bros-discovery-amazon-hp-inc-carmax-nike-and-more-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=65133","title":{"rendered":"Paramount, Warner Bros. Discovery, Amazon, HP Inc., CarMax, Nike, and More Market Movers"},"content":{"rendered":"
\n
<\/p>\n

<\/p>\n

<\/p>\n<\/figure><\/div>\n

Stock futures dipped Monday\u00a0as Wall Street begins the last week of September, a month that so far has seen the
\n S&P 500
\n drop 4.2% and the
\n Nasdaq Composite
\n slump 5.9%. Investors will be keying in on U.S. inflation data at the end or the week and monitoring negotiations in Congress over avoiding a government shutdown.<\/p>\n

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

\n

Striking writers reached a tentative agreement with Hollywood studios that would end a strike that lasted nearly five months. The Writers Guild of America announced the three-year deal in a statement: \u201cWe can say, with great pride, that this deal is exceptional\u2014with meaningful gains and protections for writers in every sector of the membership.\u201d Media stocks rose in premarket trading.
\n Paramount Global
\n (PARA) rose 2.5%,
\n Warner Bros. Discovery
\n (WBD) rose 2.2%,
\n Netflix
\n (NFLX) gained 0.9%,
\n Walt Disney
\n (DIS) was up 0.7%, and
\n Amazon.com
\n (AMZN) rose 1%.<\/p>\n

\n Amazon,<\/span>
\n meanwhile, will be investing up to $4 billion in artificial-intelligence company Anthropic. Amazon will be taking a minority stake in Anthropic. Amazon\u2019s cloud customers will get early access to Anthropic\u2019s technology through Amazon Bedrock, the company\u2019s AI platform for businesses, and Amazon Web Services will become Anthropic\u2019s primary cloud provider.<\/p>\n

\n HP Inc.
\n (HPQ) declined 2.5% in premarket trading to $26.09 after Warren Buffett\u2019s
\n Berkshire Hathaway
\n \u00a0(BRK.B) disclosed in filings that it sold 4.8 million shares of\u00a0the PC and printer maker worth about $130 million in recent days.<\/p>\n

\n CarMax
\n (KMX) rose 2.3% to $78.44 after shares of the used-car seller were upgraded to Outperform from Neutral at Wedbush and the price target was increased to $90 from $85.<\/p>\n

\n Dow
\n (DOW) gained 1.6% in premarket trading after the chemical giant was upgraded to Overweight from Neutral at J.P. Morgan.<\/p>\n

\n Nike
\n (NKE) fell 1.3% to $89.66 after Jefferies downgraded shares of the athletic apparel maker to Hold from Buy and reduced its price target to $100 from $140.
\n Nike
\n is scheduled to report quarterly earnings later this week. Jefferies also downgraded
\n Foot Locker
\n (FL) to Hold from Buy and
\n Urban Outfitters
\n (URBN) to Hold from Buy. Foot Locker declined 2.7% and Urban Outfitters fell 2.3%. <\/p>\n

\n Instacart
\n (CART) slipped 0.5% to $29.85 in premarket trading. Shares of the grocery-delivery app, officially known as Maplebear, were initiated at Wolfe Research on Monday with a Peer Perform rating and a fair value range of $24 to $42 a share. Analysts at BTIG on Friday picked up coverage of Instacart with a Neutral rating.\u00a0The stock went public last Tuesday at $30 a share and opened for trading at $42. But
\n Instacart
\n shares have been falling since their strong trading debut. <\/p>\n

\n Thor Industries
\n (THO), the recreational-vehicle maker, is scheduled to report quarterly earnings after the closing bell Monday. Reports are expected later in the week from
\n Costco Wholesale
\n (CSCO),
\n Micron Technology
\n (MU),
\n Carnival
\n (CCL),
\n Paychex
\n (PAYX),
\n Jefferies Financial
\n (JEF),
\n Accenture
\n (ACN),
\n Jabil
\n (JBL),
\n CarMax
\n (KMX), and
\n BlackBerry
\n (BB). <\/p>\n

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

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

Stock futures dipped Monday\u00a0as Wall Street begins the last week of September, a month that so far has seen the S&P 500 drop 4.2% and the Nasdaq Composite slump 5.9%. Investors will be keying in on U.S. inflation data at the end or the week and monitoring negotiations in Congress over avoiding a government shutdown. […]<\/p>\n","protected":false},"author":1,"featured_media":65134,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-65133","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nParamount, Warner Bros. 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