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HomeTeslaWarner Bros. Discovery, Tesla, Carnival and more - Reuters

Warner Bros. Discovery, Tesla, Carnival and more – Reuters

Here are the stocks that made headlines Thursday at noon.

Warner Bros. Discovery – Shares fell more than 8% following an overweight downgrade to neutral by JPMorgan. Analysts said they expected more clarity on Warner Bros.’ direct-to-consumer strategy. Discovery. The downgrade comes after a period of restriction when JPMorgan withdrew its rating on the stock.

Tesla – Shares of the automaker fell more than 7% as investors dumped growth stocks amid fears of an economic recession. Reuters also reported that Tesla plans to raise prices for its cars in the United States to account for rising costs.

Carnival, Royal Caribbean, Norwegian Cruise Lines – Cruise stocks fell sharply as investors grappled with growing signs of a recession in the United States. Shares of Royal Caribbean fell 9.5%, while Carnival and Norwegian Cruise Lines fell around 10%.

Apple, Amazon, Meta Platforms – Big Tech stocks fell sharply on Thursday, contributing to the major drop seen in the Nasdaq Composite. Shares of Amazon and parent meta platforms Facebook slid more than 4.1% and 5.1%, respectively, while Apple lost 3.7%.

KLA — The chipmaker saw its stock tumble 3.6% despite the company reiterating its guidance for the current quarter ahead of an investor day. KLA also increased its dividend and announced a new $6 billion share buyback program. Semiconductor stocks fell more broadly, with chip giant Nvidia falling more than 6%.

Unity Software – Video game shares fell nearly 10% after Benchmark launched coverage of the stock with a sell rating. The investment firm said an economic slowdown and post-pandemic decline in video game user growth would be negative for Unity.

DuPont — The Chemicals stock fell 6% after Jefferies downgraded DuPont to retain its buy. Jefferies cited recession risk and the potential for demand destruction caused by inflation as reasons he is downgrading on DuPont.

American Airlines, Delta Air Lines – Airline stocks were under pressure as fears of a pullback hit travel stocks. Shares of American fell 9%, while Delta fell more than 7%.

– CNBC’s Sarah Min contributed reporting.



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