This artificial intelligence (AI) infrastructure company released a stellar earnings report for its most recent quarter, and its stock is skyrocketing.
The upside of waiting as long as possible to file for benefits is obvious, but there are some nuanced reasons to consider the extreme alternative as well.
Shares of real estate franchise company RE/MAX (NYSE:RMAX)
jumped 3.3% in the afternoon session after the company announced the largest conversion in its history, significantly expanding its footprint in Canada.
Shares of cable, internet, and telephone services provider Charter (NASDAQ:CHTR)
fell 3.8% in the afternoon session after Wells Fargo downgraded the stock, citing increasing competition and forecasting significant broadband subscriber losses.
Shares of electricity generation and hydrogen production company Bloom Energy (NYSE:BE) jumped 6.3% in the afternoon session after it continued a multi-day rally sparked by a landmark $2.65 billion agreement with American Electric Power (AEP) for its solid-oxide fuel cells.
Shares of fast-food chain Shake Shack (NYSE:SHAK)
jumped 2.4% in the afternoon session after Deutsche Bank upgraded the stock to Buy from a previous Hold rating.
Shares of website building platform Wix (NASDAQ:WIX) fell 4.7% in the afternoon session after Morgan Stanley lowered its price target on the stock, and the move was made worse by a broader sell-off in the technology sector.
Shares of real estate technology company Compass (NYSE:COMP) jumped 2% in the afternoon session after Barclays analyst Matthew Bouley raised the price target on the stock, signaling confidence in the company's potential growth.
Shares of semiconductor manufacturing equipment maker KLA Corporation (NASDAQ:KLAC)
jumped 8.3% in the afternoon session after Wells Fargo upgraded the stock to Overweight from Equal Weight, citing strong demand for advanced chips, while positive results from a major customer also lifted investor sentiment.
Shares of optical retailer National Vision (NYSE:EYE)
jumped 4.5% in the afternoon session after Morgan Stanley raised its price target on the company. The investment bank increased its target to $30.00 from a previous $26.00 while maintaining an "Equalweight" rating on the stock. The adjustment represented a more than 15% increase in the price target. This move came as the stock hit a new 52-week high, underscoring a period of strong performance.
Shares of data storage solutions provider Pure Storage (NYSE:PSTG) jumped 3.7% in the afternoon session after the company highlighted several positive business drivers during its presentation at the 28th Annual Needham Growth Conference.
Shares of real estate services firm Newmark (NASDAQ:NMRK)
jumped 4.4% in the afternoon session after the company brokered the $425 million sale of The Shops at Skyview, a large retail center in Queens, New York.
Shares of semiconductor materials supplier Entegris (NASDAQ:ENTG) jumped 11.9% in the afternoon session after UBS analyst Timothy Arcuri upgraded the stock from a "Neutral" to a "Buy" rating and significantly raised the price target.
Shares of regional banking company BankUnited (NYSE:BKU) jumped 3.1% in the afternoon session after Raymond James initiated coverage on the stock with an 'Outperform' rating and a $51 price target.
Shares of pharmaceutical company Amphastar Pharmaceuticals (NASDAQAMPH)
fell 5.3% in the afternoon session after a Bank of America analyst lowered the firm's price target on the shares and reports highlighted significant challenges in the company's product portfolio. The analyst trimmed the price target to $30 from $31 while keeping a Neutral rating.
Shares of sporting goods retailer Academy Sports & Outdoor (NASDAQ:ASO)
jumped 3.2% in the afternoon session after Morgan Stanley raised its price target on the stock to $55 from $52. The firm, however, kept its "Equal-Weight" rating on the shares.
Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 9.1% in the afternoon session after a report from an RBC analyst highlighted "challenging" feedback from advertising agency checks concerning small and medium-sized businesses.
Shares of personal wellness company WeightWatchers (NASDAQ:WW) fell 7.3% in the afternoon session after Morgan Stanley lowered its price target on the company's stock from $38.00 to $34.50.
Shares of luxury furniture retailer Arhaus (NASDAQ:ARHS) jumped 4.5% in the afternoon session after Morgan Stanley raised its price target on the stock.
Shares of electrical connector manufacturer Amphenol (NYSE:APH) jumped 5.7% in the afternoon session after analysts at Goldman Sachs and BofA raised their price targets, citing the company's growing role as a key supplier for the artificial intelligence (AI) industry.
Shares of fashion conglomerate Oxford Industries (NYSE:OXM)
jumped 5.3% in the afternoon session after Telsey Advisory Group raised its price target on the stock to $40 from $35.
Shares of network testing solutions company Viavi Solutions (NASDAQ:VIAV) jumped 5.4% in the afternoon session after the company announced enhancements to its XEdge cloud-based edge monitoring and assurance platform with new sensors.
