Posted 9/26/2023, 4:41:22 PM

Stocks Mixed After Earnings - Cintas Falls on Guidance, Pinterest Rises on Upgrade, Bank Stocks Drop on Rate Warning

Cintas shares fell after earnings beat but guidance was mixed.
Pinterest rose after HSBC initiated coverage with a buy rating.
United Natural Foods shares sank after weak earnings outlook.
Fisker climbed after Bank of America started coverage with a buy rating.
Bank stocks fell after Dimon warned rates could rise further.

cnbc.com

Relevant topic timeline:

9/17/2023

Amazon's Growth Outshines Struggling Peloton as Consumers Shift Preferences

Summary: While the ups and downs of the stock market can be frustrating, history has shown that investing in strong companies like Amazon can lead to significant returns, while companies like Peloton face uncertain long-term growth prospects.

9/26/2023

Fisker Surges on Buy Rating, Tesla Slips on EU Probe, Barclays Up on Upgrade

Fisker's stock surges after Bank of America reinstates coverage with a buy rating, citing the company's "pure-play exposure to the rapidly growing EV market" and lower-risk business model, while Tesla shares decline due to news of a European Union probe over its China exports. Barclays stock rises after being upgraded by Morgan Stanley, DraftKings sees a jump in stock price after being upgraded by JPMorgan, and Thor Industries warns of declining net sales, causing a drop in its stock. United Natural Foods' shares sink as the company forecasts lower-than-expected earnings and revenue.