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Apple shares experienced a 1.4% decline after Jefferies downgraded the tech giant to a hold from a buy rating. The downgrade was based on concerns about the high expectations for the iPhone 16 and 17 due to weaker-than-expected initial demand. NXP Semiconductor saw a 0.8% increase in shares after being upgraded to a buy from neutral by UBS, citing healthy inventory levels and strong margin resilience. Amazon shares dropped nearly 2% following a downgrade by Wells Fargo to equal weight from overweight, citing slowing growth and competition from Walmart. Pfizer saw a 3% increase in shares after activist investor Starboard Value took a $1 billion stake in the company, seeking a turnaround. KB Home shares slipped 2% after being downgraded by Wells Fargo to underperform from equal weight. Coty saw a 2.5% jump in shares after an upgrade to buy from hold by Jefferies, highlighting growth in the fragrance segment. Hershey shares dipped 1% after receiving downgrades from UBS and Bernstein, citing challenges in the 2025 outlook and headwinds from GLP-1 drugs. American Express saw a 1% decrease in shares after being downgraded by JPMorgan to neutral from overweight. Wynn Resorts gained 2.5% following news that it received the first commercial gaming operator license in the United Arab Emirates. Ally Financial saw a 1.4% increase in shares after being upgraded by JPMorgan to overweight from neutral, citing an appealing risk-to-reward ratio.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.