SECTOR NEWS HIGHLIGHTS TECH/MEDIA/TELECOM: 🔸 Netflix ( $NFLX): Beats Q1 earnings; strong Q2 guidance. 🔸 Nvidia ( $NVDA): Down 3% on Huawei AI chip shipment news. 🔸 Cognizant ( $CTSH)/DocuSign ( $DOCU): Expand partnership. 🔸 Disney ( $DIS): Upgraded to Outperform at Wolfe Research; $112 target. 🔸 Tempus AI ( $TEM): Initiated with Buy at BTIG; $60 target. CONSUMER: 🔸 Amazon ( $AMZN): Downgraded at Raymond James; price target cut to $195 from $275. 🔸 QXO: Extends $124.35/share tender offer for Beacon Roofing (BECN). 🔸 Tesla ( $TSLA): Affordable car launch delayed; low-cost Model Y production to begin in U.S. ENERGY/INDUSTRIALS/MATERIALS: 🔸 Boeing ( $BA): Returning rejected 737 Max jets from China to U.S. 🔸 Cosco Shipping: Warns U.S. tariffs on Chinese ships threaten global trade. 🔸 EU: Eases methane rules to avoid gas-related trade clash with U.S. FINANCIALS: 🔸 Capital One ( $COF): Gets approval to acquire Discover (DFS), becoming top U.S. credit card lender. 🔸 Comerica ( $CMA): Beats Q1 estimates; EPS $1.25 vs est. $1.18. 🔸 Global Payments ( $GPN): Downgraded at Jefferies; target cut to $75. 🔸 Independent Bank ( $INDB): Misses Q1 EPS; raises dividend by 4%. HEALTHCARE: 🔸 Pacira ( $PCRX): Approves $300M stock buyback. 🔸 Regeneron ( $REGN)/Sanofi (SNY): FDA approves Dupixent for chronic hives in patients 12+.

#Downgrades - Sep 24, 2024 $BIDU: HSBC Downgrades to Hold from Buy - PT $100 $COST: Truist Securities Downgrades to Hold from Buy - PT $873 $CTLT: Baird Downgrades to Neutral from Outperform - PT $63.50 $CUBI: Wedbush Downgrades to Neutral from Outperform - PT $53 (from $79) $DOYU: HSBC Downgrades to Hold from Buy - PT $6.60 $DRS: BofA Securities Downgrades to Neutral from Buy - PT $30 (from $26) $EQR: BofA Securities Downgrades to Neutral from Buy - PT $82 (from $78) $ESS: BofA Securities Downgrades to Neutral from Buy - PT $321 (from $307) $FCNCA: Wedbush Downgrades to Neutral from Outperform - PT $2,150 (from $2,450) $FHN: Wedbush Downgrades to Neutral from Outperform - PT $17 (from $20) $INVH: BofA Securities Downgrades to Neutral from Buy - PT $37 (from $39) $KVUE: RBC Capital Downgrades to Sector Perform from Outperform - PT $24 $MCK: Baird Downgrades to Neutral from Outperform - PT $531 (from $603) $MNSO: Jefferies Downgrades to Hold from Buy - PT $14.91 $NTR: Wells Fargo Downgrades to Equal Weight from Overweight - PT $50 (from $62) $NSP: William Blair Downgrades to Market Perform from Outperform $PRGO: Jefferies Downgrades to Hold from Buy - PT $30 (from $50) $REGN: Leerink Partners Downgrades to Market Perform from Outperform - PT $1,077 (from $1,175) $SBUX: Jefferies Downgrades to Underperform from Hold - PT $76 (from $80) $TGI: BofA Securities Downgrades to Underperform from Buy - PT $12 (from $17) $XOM: Redburn-Atlantic Downgrades to Neutral from Buy - PT $120 (from $119)