{"id":68555,"date":"2023-10-04T06:09:43","date_gmt":"2023-10-04T10:09:43","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/apple-intel-cal-maine-foods-a10-networks-and-more-stock-market-movers\/"},"modified":"2023-10-04T06:09:46","modified_gmt":"2023-10-04T10:09:46","slug":"apple-intel-cal-maine-foods-a10-networks-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=68555","title":{"rendered":"Apple, Intel, Cal-Maine Foods, A10 Networks, and More Stock Market Movers"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000759646\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Stock futures fell Wednesday as a relentless surge in Treasury yields dragged equities lower. The<br \/>\n        S&amp;P 500<br \/>\n       fell 1.4% on Tuesday to a four-month low.<\/p>\n<p>These stocks were poised to make moves Wednesday:\u00a0<\/p>\n<div class=\"paywall\">\n<p>\n        Apple<br \/>\n       (AAPL) was downgraded to Sector Weight from Overweight at KeyBanc with the analysts saying the stock has been trading at near all-time-high multiples and a historically large premium to the Nasdaq, and that they see soft growth from the iPhone maker\u2019s Americas region. KeyBanc has no price target on<br \/>\n        Apple<br \/>\n       shares. The stock was down 1.1% to $170.46 in premarket trading.<\/p>\n<p>\n        Intel<br \/>\n       (INTC) was up 2.1% after the chip maker said it plans to spin off its programmable solutions group in a public offering over the next two to three years. As a transition to the spinoff, Intel said PSG would operate as a stand-alone business on Jan. 1, 2024, and its financials would be reported as a separate business unit when Intel posts earnings for the first quarter of 2024.<\/p>\n<p>\n        Cal-Maine Foods<br \/>\n       (CALM) reported fiscal first-quarter earnings that missed analysts\u2019 expectations and said sales slumped about 30% as average egg prices tumbled to $1.59 per dozen from $2.28 a year earlier. Shares of the egg producer fell 12% in premarket trading.<\/p>\n<p>\n        A10 Networks<br \/>\n       (ATEN) was falling 12% after the cloud security software company said it expected third-quarter revenue of $56.5 million to $58.5 million, down from $72.1 million a year earlier and below analysts\u2019 estimates of $74.6 million. The company said it experienced \u201cdelays related to North American service provider customers pushing out capital expenditures.\u201d<\/p>\n<p>\n        Fluor<br \/>\n       (FLR) rose 2.2% to $35.39 after shares of the engineering and construction company were upgraded to Buy fro Neutral at<br \/>\n        UBS<br \/>\n       and the price target was raised to $47 from $35.<\/p>\n<p>Earnings reports are expected Wednesday from<br \/>\n        RPM International<br \/>\n       (RPM),<br \/>\n        Acuity Brands<br \/>\n       (AYI),<br \/>\n        Helen of Troy<br \/>\n       (HELE), and<br \/>\n        Tilray<br \/>\n       (TLRY).<\/p>\n<p>Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/stock-market-movers-1b1758bb?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock futures fell Wednesday as a relentless surge in Treasury yields dragged equities lower. The S&amp;P 500 fell 1.4% on Tuesday to a four-month low. These stocks were poised to make moves Wednesday:\u00a0 Apple (AAPL) was downgraded to Sector Weight from Overweight at KeyBanc with the analysts saying the stock has been trading at near [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":68556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-68555","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple, Intel, Cal-Maine Foods, A10 Networks, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures fell Wednesday as a relentless surge in Treasury yields dragged equities lower. 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