Apple – Prior to market opening, Apple shares declined by 2% following a downgrade by Barclays. The downgrade was based on lower projected volumes for the iPhone 15, as well as weakened performance expectations for Macs, iPads, and wearables.
Tesla – Shares of the electric vehicle manufacturer slipped approximately 1% ahead of the release of its fourth-quarter delivery numbers. Analysts are anticipating 477,000 deliveries for the quarter.
Li Auto, Nio, XPeng – U.S.-listed shares of these Chinese EV makers all decreased after reporting their latest delivery numbers. Despite delivering 50,353 vehicles in December, a remarkable 137% year-over-year increase, Li Auto experienced a nearly 5% drop in share value.
Estee Lauder – Following a downgrade by Deutsche Bank from buy to hold, the cosmetic giant encountered a 2.4% decline in shares.
GoodRx – Shares of GoodRx plunged nearly 7% after Bank of America Securities downgraded the stock from buy to underperform.
Baidu, Joyy – U.S.-listed shares of Baidu experienced a decline of almost 2% after the Chinese tech giant halted its planned acquisition of Joyy’s live-streaming business in China. Joyy’s shares also tumbled by 10%.
Southwest Airlines – The airline company saw a 1% dip in shares after Evercore ISI downgraded its rating from outperform to in line.
ASML – The U.S.-traded shares of the Dutch semiconductor equipment company fell over 3% due to the Netherlands blocking the shipment of certain chipmaking equipment to China, as announced by ASML.
Source (CNBC)
