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Check out the companies that are trending in intraday trading. Moderna — The drug company soared 16% after an upgrade to outperforming Oppenheimer & Co. The company said sales will begin to grow in 2025 as Moderna launches multiple products in the next 12 to 18 months. Moderna fell more than 40% in 2023. Apple — Apple fell 3% in intraday trading. Barclays downgraded tech stocks, citing weak sales of the iPhone 15 as well as Macs, iPads and wearables. Wynn Resorts, Las Vegas Sands — The U.S. casino and resort companies rose as a group on Tuesday. Wynn Resorts rose 4% and Las Vegas Sands rose 3.7%. Tapestry — The luxury brand owner’s stock rose nearly 4% after JPMorgan added the stock to its “Analyst Watch List” for value. The Wall Street firm said it sees Tapestry’s “accelerating earnings growth.” Citigroup — Citigroup stock rose more than 2% in his. Wells Fargo raised its price target for the bank, saying the stock could double over the next three years. Analyst Mike Mayo expects the Federal Reserve’s interest rate cuts and the bank’s restructuring plans to boost stock prices. Carnival, Royal Caribbean — Cruise stocks that outperformed in 2023 fell as a group on the first trading day of 2024. Carnival shares fell 4%, Royal Caribbean Group fell 6% and Norwegian Cruise Line Holdings fell 6.5%. GoodRx — The telemedicine stock fell about 14% after Bank of America downgraded GoodRx from buy to underperform, citing increased competition from large pharmacy benefits companies. Li Auto, Nio, XPeng — U.S.-listed shares of Chinese electric car makers fell after the companies announced their latest delivery numbers. Li Automobile Co. fell 7% after announcing that its December deliveries rose 137% from a year earlier to 50,353 vehicles. Nio fell 6% after announcing that it delivered more than 18,012 vehicles last month, up about 14% from a year ago. XPeng fell more than 3% after the company recorded 20,115 deliveries last month, an increase of 171% from the same month last year. Baidu, Joyy — Baidu’s US-listed shares fell by 3%. The Chinese tech giant has called off its acquisition of Joyy’s live streaming business in China. Joy’s stock price plummeted 14%. ASML — The Netherlands-based semiconductor company’s U.S.-listed shares fell 4%. ASML said the Dutch government has blocked the export of some chip-making tools to China. Intel, Advanced Micro Devices — Stocks related to the semiconductor industry were generally lower during midday trading. Intel fell more than 4% and Advanced Micro Devices fell more than 5%. Applied Materials and Lam Research fell more than 3%. Rivian Automotive — Electric vehicle stocks fell about 10%. Evercore ISI upgraded Rivian Automotive to outperform its own performance and said the company could become “the next Tesla.” Coinbase — The cryptocurrency trading platform’s stock price fell 5% even after Bitcoin topped $45,000 for the first time since April 2022. —CNBC’s Michelle Fox, Yun Li, Pia Singh and Samantha Subin contributed reporting.
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