Stocks On The Move: Levi Strauss Rises On Favorable Outlook; ChargePoint Jumps On UBS Upgrade

Levi Strauss shares rose after positive coverage from TD Cowen, noting the company is in early stages of a favorable denim cycle.
Costco shares fell despite better-than-expected fiscal Q4 results. U.S. comparable sales were up just 0.2%.
ChargePoint shares jumped over 4% after UBS initiated coverage with a buy rating, citing attractive risk-reward.
XPO shares climbed after an upgrade from Evercore ISI, which forecast greater margin expansion and pricing power.
Mattel shares gained after Morgan Stanley initiated coverage with an overweight rating, calling it a top pick despite tough macro environment.

cnbc.com

Relevant topic timeline:

8/24/2023

Autodesk Says It’s on Track for ‘Several Years of Digitization Momentum’

Shares of Autodesk are rising in premarket trading following a positive fiscal second-quarter earnings report, with analysts expressing optimism for the company's future digitalization momentum.

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Nike Soars on Earnings Beat; Uranium Energy Revenue Surges Over 600%; Blue Apron to be Acquired; AB InBev Upgraded; Bumble Rating Boosted

Nike's stock rose nearly 10% in premarket trading following a mixed earnings report, exceeding analysts' expectations and reiterating full-year revenue growth guidance.