Celanese Corporation experienced an upgrade from "underperform" to "buy" by Bank of America, prompting a 2.7% increase in its stock price. Analyst Tina Hou noted that the market has overlooked the operating leverage stemming from Hesai's new product cycle, leading to a surge in Hesai's shares by 6.4% following a Goldman Sachs upgrade to "buy" from "neutral". The shares are now viewed as trading at "attractive" levels, which could entice potential investors.
KB Home reported robust financial results, with earnings per share reaching $2.52 on a revenue of $2 billion. The company's home deliveries surged by 17% year over year, resulting in a more than 9% jump in its stock price following the earnings announcement. This performance highlights KB Home's strong market presence and operational efficiency.
In a significant acquisition move, United Rentals announced plans to acquire H & E Equipment Services for $92 per share in cash, valuing the deal at approximately $4.8 billion. In light of this development, Mizuho initiated coverage on H & E Equipment Services with an "outperform" rating, emphasizing that the company's position in grocery delivery is "underappreciated."
Applied Digital's stock soared by 19.3% amid news of a potential $5 billion investment from Macquarie, showcasing investor confidence in the company's growth prospects. Meanwhile, Teladoc Health saw its stock rise by 4% in premarket trading following the announcement of a partnership with Amazon, reflecting positive market sentiment towards this strategic collaboration.
Conversely, Signet Jewelers faced a setback as its stock price plummeted by 16% after the company lowered its fourth-quarter guidance. This adjustment signifies potential challenges ahead for the jeweler as it navigates market uncertainties.