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Oil Heads for Biggest Weekly Drop Since Early September Oil futures edged lower on Friday and were headed for more than a 6% weekly drop on concerns about demand from China's slowing economy and easing supply risk from the Middle East conflict. This is the biggest decline since the beginning of September when OPEC and the International Energy Agency cut their forecasts for global oil demand in 2024 and 2025. On Friday morning Brent crude futures fell 47 cents, or 0.6%, to $73.93 a barrel, while U.S. West Texas Intermediate crude was at $70.22 a barrel, down 45 cents, or 0.6%. The decline was driven by easing fears about a potential Israeli strike on Iran that could disrupt its oil output and the slow growth of China’s economy – the biggest oil consumer in the world. Trade CFDs on oil: https://lnkd.in/dnsmQf6q 54% of retail CFD accounts lose money.

Ferrari Rises on JPMorgan Upgrade The Ferrari stock rose 1.7% following an upgrade to “overweight” from “neutral” at JPMorgan. The analysts also significantly raised their price target from $385 to $525. According to the investment bank’s note, there is optimism about Ferrari’s electric vehicle development, which was said to be “a true Ferrari that delivers an incredible driving experience”. Another reason for the upgrade is how the company is handling soft demand in China. JPMorgan analysts believe Ferrari’s “idiosyncratic drivers of high visibility earnings growth” will increasingly be valued by investors amid growing macro, industry, and geopolitical uncertainty. Trade CFDs on Ferrari: http://bit.ly/3DDS0hS 54% of retail CFD accounts lose money.

Nike Rises on Upgrade Nike’s shares edged 1.5% higher in premarket trading on Thursday after a Truist upgrade to buy from hold and hiked its price target to 97 from 83, following a two-month rally that highlighted the athletic apparel giant’s recovery path. Truist analysts said in a research note that despite Nike still facing a long and uncertain turnaround process, they are "more optimistic" as investor expectations now reflect that reality. They also see Nike as "moving in the right direction." The research note comes after Nike posted mixed Q1 2025 results on Oct. 1. Trade CFDs on Nike: https://lnkd.in/dn83_Jed 54% of retail CFD accounts lose money.

Bayer Drops 7% After Announced Review of Roundup Case The shares of German chemicals giant Bayer fell nearly 7% on Wednesday after a Washington state court said it will review one of the numerous court cases against the company’s Monsanto unit and its herbicide Roundup. The court said it accepts a review of the litigation about Roundup exposure at the Sky Valley Education Center in Washington state – a case which was initially won by Bayer when an appeals court had overturned a $185 mln. award in the trial after finding flaws in the case this May. The Wednesday drop puts the stock on course for its worst performance since March and extending a loss of 13% in the year to date. Bayer shares had fallen more than 30% last year amid challenges including ongoing litigation over the Monsanto unit and high net debt. Trade CFDs on Bayer: https://bit.ly/3UjjnHk 54% of retail CFD accounts lose money.

Analysts Expect Record Tesla Sales Analysts are expecting Tesla to report a record number of deliveries for the third quarter next week, mainly fuelled by strong sales growth in China which would compensate for the weakening demand in the U.S. and Europe. FactSet's estimates suggest that Tesla will deliver 461,000 vehicles in the quarter ending September, reflecting a 6% YoY growth. Barclays, on the other hand, raised its forecast to 470,000, marking an 8% annual rise and a 10% increase from the second quarter. China Passenger Car Association August data shows Tesla sold 86,697 vehicles, of which 63,456 cars were for the domestic market –  a 37.27% increase from July and a 2% rise compared to the same month last year. This sets a record for 2024, but is a far cry from Tesla’s record sales in 2022. Trade CFDs on Tesla: https://lnkd.in/dYJQZQ5H 59% of retail CFD accounts lose money.

Micron Surges on Optimistic Guidance The shares of semiconductor maker Micron surged 16% in premarket trading on Thursday after the company issued an optimistic forecast for its quarter ending at the end of November, extending the 14% gain in aftermarket trading on Wednesday.  Micron forecast revenue of $8.7 bln., plus or minus $200 mln., ahead of estimates of $8.28 bln. and a jump in gross margin to about 39.5% for the same period. “Demand from data center customers continues to be strong and customer inventory levels are healthy,” Micron CEO Sanjay Mehrotra said on a conference call with analysts. Micron is one of the only three providers of high-bandwidth memory (HBM) chips along with South Korea’s SK Hynix and Samsung whose stock also rose, by over 9% and 4%, respectively. Trade CFDs on Micron: https://bit.ly/434slZt 59% of retail CFD accounts lose money.

U.S. Automotive Stock Drops on Downgrade The shares of Ford, General Motors and Rivian fell in premarket trading on Wednesday after Morgan Stanley downgraded them citing headwinds such as rising inventory levels, affordability concerns, and increasing competitive pressure from China. Ford fell 2%, GM dropped 3.3% and Rivian declined 3.1%, respectively. GM was lowered from Equal-weight to Underweight, while its price target was cut from $47 to $42. Ford and Rivian stocks saw the same downgrades, with their price targets lowered from $16 to $12 and from $16 to $13, respectively. Trade CFDs on Ford: http://bit.ly/3MAuCY3 Trade CFDs on Rivian: http://bit.ly/3ZbmaBE 59% of retail CFD accounts lose money.

DoJ to Sue Visa Over Monopoly, Stock Drops The shares of the payment network operator Visa slid 2% in premarket trading on Tuesday after Bloomberg reported that the U.S. Department of Justice (DoJ) will sue it in federal court over its alleged debit card market monopoly. Visa is accused of various anticompetitive behaviours to prevent other payment network operators from challenging its dominance in the debit card market. The probe was initiated by DoJ’s antitrust division in 2021. As a result of the lawsuit, Citi said it was switching its preference to Mastercard because of this “incremental regulatory overhang.” Trade CFDs on Visa: https://bit.ly/47BIABi 59% of retail CFD accounts lose money.

Morgan Stanley Downgrades Pepsi, Stock Slips The shares of beverages and snacks giant Pepsi fell 1% in premarket trading on Friday, after analysts at Morgan Stanley downgraded its stock from Overweight to Equal-weight, but kept a $185 price target on the stock. Morgan Stanley lowered its organic sales growth and EPS estimates, highlighting persistent softness in the U.S. market and muted category growth despite recent efforts by Pepsi to boost spending and promotions. This March, the analysts raised Pepsi’s rating to Overweight, but now they admitted the decision was wrong as the snacks division’s woes in North America continue. Trade CFDs on Pepsi: https://bit.ly/3twYSvL 59% of retail CFD accounts lose money.

Alibaba Rises on Open Source AI Models The shares of Alibaba rose over 4% on Thursday after the company released more than 100 open source AI models and boosted the capabilities of its proprietary technology. The Qwen 2.5 models are trained on huge amounts of data and can be used in various applications and sectors. Alibaba says its models have the ability to understand prompts and generate texts, images and video and have more advanced capabilities in math and coding. Alibaba is one of the biggest cloud computing players in China, but globally it trails behind Amazon and Microsoft and now hopes its AI models will attract more customers, particularly from outside of China. Trade CFDs on Alibaba: http://bit.ly/3Js4Zqs 59% of retail CFD accounts lose money.