NYCB, FANG, VFC & other stocks to watch

Hey there! Let’s take a closer look at some of the top companies making news in the stock market today.

New York Community Bancorp is riding high with a 3.1% gain, thanks to a surge in insider buying. Bank of America has also chimed in with a neutral rating and expressed confidence in the bank’s leadership.

Diamondback Energy is making waves with a 10.1% jump after announcing its acquisition of Endeavor Energy, a major player in natural resource production. This deal is valued at a whopping $26 billion, including debt.

CymaBay Therapeutics is enjoying a 25% surge in its stock after Gilead agreed to acquire the company. This move represents Gilead’s strategy to diversify beyond its HIV drug offerings.

VF Corp, the clothing giant, saw an 11.5% increase in its stock price following reports that a founding family member supports activist investor Engaged Capital. Additionally, the CEO of VF Corp recently purchased 65,000 shares, signaling confidence in the company’s future.

Trimble, a technology company, saw a 3.1% rise in its stock after reporting better-than-expected fourth-quarter earnings. While guidance for the current period was weaker than expected, investors remained optimistic.

On the flip side, Monday.com, an Israel-based software company, experienced a 9% drop in its stock price due to mixed full-year guidance. Revenue estimates were in line with expectations, but operating income fell short of projections.

The flooring manufacturer Mohawk Industries experienced a more than 5% increase in its stock after being upgraded to buy from neutral by Deutsche Bank. The company’s strong fourth-quarter earnings results played a key role in this positive outlook.

Rocket Lab’s stock saw a 7.7% increase following a buy rating from Citi. The company’s improved liquidity conditions and recent government contract signaled growth potential.

Teva Pharmaceutical rallied 8.2% on the heels of a Piper Sandler upgrade to overweight from neutral. The bank expects Teva’s brand portfolio and capital structure to drive growth.

Lowe’s, the home improvement giant, advanced 3.7% after an upgrade to overweight by JPMorgan. The company is expected to benefit from lower mortgage rates and anticipated interest rate cuts.

Marqeta, a credit card technology company, gained 6.6% following a buy rating from Bank of America, which believed the recent decline in stock value was overdone.

On the other hand, Big Lots suffered a 31.1% drop after being downgraded to sell from hold by Loop Capital. The company is facing challenges with consumer awareness and financial stability.

Nvidia, the chipmaker, saw its stock rise over 2%, pushing its market cap to about $1.819 trillion – slightly exceeding Amazon’s valuation of $1.8 trillion.

There you have it – a quick recap of the movers and shakers in today’s stock market. Keep an eye on these companies as they continue to make waves in the financial world!

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