Here are some rewritten versions of the given information:
1. Citigroup’s shares dropped by 1% as the bank warned investors of a potential quarterly loss due to the depreciation of the Argentine peso and restructuring charges. The bank is set to report its fourth-quarter results on Friday.
2. Lyft’s shares fell over 1% after Goldman Sachs downgraded the company from buy to neutral. While Goldman Sachs expects Lyft’s revenue and ride-volume growth to pick up, they believe this improvement has already been factored into estimates.
3. Occidental Petroleum saw a 1.1% increase in its shares after a Berkshire Hathaway filing revealed that the company owns a 34% stake in Occidental. Although the oil company reported lower-than-expected production levels in the Gulf of Mexico, it remains in line with its guidance range.
4. Chewy, the pet e-commerce stock, experienced a 2.5% climb following an upgrade by Barclays to overweight. Barclays believes that despite the challenges faced by the e-commerce sector, Chewy could achieve significant returns this year.
5. Salesforce, the cloud-based software company, saw a 1.3% jump in its shares after Baird upgraded the stock from neutral to outperform. Baird highlighted Salesforce’s strong profit margins and favorable valuation as reasons for the upgrade.
6. Following the Securities and Exchange Commission’s approval of spot bitcoin ETFs for trading in the U.S., Bitcoin miners experienced a surge. Iris Energy and CleanSpark saw gains of 9% and 7% respectively. Marathon Digital and Riot Platforms also added over 6%. Additionally, crypto exchange Coinbase increased by 5%, while bitcoin proxy Microstrategy rose by 4%.
Source (CNBC)
