Macy's stock surged 9.5% after higher bid, Li Auto shares fell 1.3%.

From Nasdaq.: 2024-07-08 08:49:00

Shares of Macy’s surged 9.5% after Arkhouse Management and Brigade Capital raised their bid to buy the department store chain for about $6.9 billion. Li Auto shares fell 1.3% due to higher tariffs on Chinese electric vehicles. Baxter International Inc. shares rose 5.3% as Carlyle Group is in talks to acquire Vantive for $4 billion. Advanced Micro Devices stock surged 4.9% as a top AI stock pick.

Zacks experts name a little-known chemical company with 65% growth, cheap valuation, rising 2022 earnings estimates, and $1.5 billion for share repurchases, potentially leading to explosive upside. This stock could rival past Zacks picks like Boston Beer Company up 143% in 9 months and NVIDIA up 175.9% in one year.

Investors can access more stock recommendations and analysis for Macy’s, Baxter International, Carlyle Group, and Li Auto through Zacks Investment Research. The article can be found on Zacks.com.



Read more at Nasdaq.: Company News for July 8, 2024