Credit Suisse (CS) – Shares rebounded Thursday morning following six straight days of downside. The stock was up about 5% amid news the Swiss National Bank will loan Credit Suisse about $54 billion amid recent concerns with the global banking industry.
Snap (SNAP) – Traders attributed a 6% rise in Snap shares Thursday morning to a report the Biden administration demanded the Chinese owners of TikTok either spin off their shares or face a US ban.
Activision-Blizzard (ATVI) – A play on the upcoming beta release of one of the world’s most iconic video games, Blizzard’s Diablo IV. The games beta will open on Friday of this week; Diablo IV is expected to launch for all users in early June.
MP Materials (MP) – Shares were down about 6% on Wednesday following concerns related to a Tesla (TSLA) announcement of a rare earth–free permanent magnet for its next generation electric vehicle drivetrain. Investors saw the Tesla news as a potential detriment to MP Materials operations. Analysts at Morgan Stanley on Thursday morning said the Tesla news would have a “limited” impact on MP Materials and reiterated the equivalent of a buy rating on MP.
LivePerson (LPSN) – A way to gain exposure to the generative AI trend. The company is a provider of chat and support services for websites and other applications. On Wednesday, competitor in the chat support space, Intercom, announced it would be using the newest version of ChatGPT to allow smarter automated interactions with it’s customers. The support industry will rely heavily on conversational AI.