Check out the companies making headlines in midday trading. Boeing — Shares ticked up 1.6% after the aerospace company said earlier on Monday that CEO David Calhoun would step down at the end of 2024. Board chairman Larry Kellner will also step down, the company added. Masimo — The medical technology company climbed nearly 5%. On Friday, Masimo announced its board of directors has authorized management to evaluate a spinoff of its consumer business . Wells Fargo upgraded the stock to overweight from equal weight in light of the news. Super Micro Computer — The chip stock jumped nearly 10% after JPMorgan initiated coverage of the high-flying name. Analyst Samik Chatterjee issued Super Micro a rating of overweight and gave it a price target of $1,150, implying about 18% upside from Friday’s close. Cleveland-Cliffs — The steel producer traded higher by 1.4% after announcing it won award negotiations for funding from the Department of Energy. Cleveland-Cliffs can get as much as $575 million for projects focused on decarbonization technology at facilities in Ohio and Pennsylvania. Semiconductor stocks — Chipmakers climbed on Monday, with Micron Technology adding 7%, Nvidia jumping 1% and Arm adding nearly 4%. The VanEck Semiconductor ETF (SMH) ticked up 0.2%. Disney — The entertainment giant added more than 2% after Barclays upgraded it to overweight and noted that shares have higher to go. Separately, Nelson Peltz’s …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Boeing — Shares ticked up 1.6% after the aerospace company said earlier on Monday that CEO David Calhoun would step down at the end of 2024. Board chairman Larry Kellner will also step down, the company added. Masimo — The medical technology company climbed nearly 5%. On Friday, Masimo announced its board of directors has authorized management to evaluate a spinoff of its consumer business . Wells Fargo upgraded the stock to overweight from equal weight in light of the news. Super Micro Computer — The chip stock jumped nearly 10% after JPMorgan initiated coverage of the high-flying name. Analyst Samik Chatterjee issued Super Micro a rating of overweight and gave it a price target of $1,150, implying about 18% upside from Friday’s close. Cleveland-Cliffs — The steel producer traded higher by 1.4% after announcing it won award negotiations for funding from the Department of Energy. Cleveland-Cliffs can get as much as $575 million for projects focused on decarbonization technology at facilities in Ohio and Pennsylvania. Semiconductor stocks — Chipmakers climbed on Monday, with Micron Technology adding 7%, Nvidia jumping 1% and Arm adding nearly 4%. The VanEck Semiconductor ETF (SMH) ticked up 0.2%. Disney — The entertainment giant added more than 2% after Barclays upgraded it to overweight and noted that shares have higher to go. Separately, Nelson Peltz’s …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
