By Mackenzie Tatananni and Adam Clark
Stocks turned higher Thursday after Israeli Prime Minister Benjamin Netanyahu said he had instructed his cabinet to open direct negotiations with Lebanon "as soon as possible."
These stocks were making moves:
Sandisk jumped 7.3% to $837.37. Cantor Fitzgerald maintained an Overweight rating on the stock while boosting its price target to $1,000 from $800.
CoreWeave rose 4.7%. The cloud provider struck a $21 billion expanded deal with Meta Platforms. Under the terms of the agreement, CoreWeave will supply Meta with cloud capacity through December 2032. Meta also will exercise a previous option for additional capacity, which was included in a deal last year.
Intel rose 2.3%. Shares have surged more than 40% over the past six trading days, closing at a five-year high on Wednesday. If Thursday's gains hold, the stock will extend its streak to seven days and notch its best seven-day stretch on record, according to Dow Jones Market Data.
Applied Digital fell 5%. Although the data-center developer's fiscal third-quarter earnings broadly topped analysts' estimates, Applied Digital didn't announce any major hyperscaler deals.
BlackBerry jumped 11% after the once-mighty mobile phone giant, which now focuses on software for auto makers and industrial companies, posted better-than-expected quarterly adjusted earnings and issued an upbeat forecast.
Brown-Forman spiked 9.2% following a report that Sazerac had approached the beverage maker regarding a potential deal. Brown-Forman separately has been in talks with Pernod Ricard, another competitor, about a possible merger.
Constellation Brands reversed earlier losses and rose 6.7%. The U.S. importer of beers like Corona Extra and Modelo Especial beat fourth-quarter earnings expectations, but issued lower-than-expected fiscal 2027 guidance and completely withdrew its outlook for 2028.
Marvell Technology advanced 4.9% to $120.09 as Barclays analyst Tom O'Malley upgraded the stock to Overweight from Equal Weight and bumped his target price to $150 from $105.
Whitestone REIT surged more than 11% to $18.90. Ares Management agreed to take the real estate investment trust private in a $1.7 billion, all-cash deal, which is expected to close in the third quarter.
Chevron and Exxon Mobil reversed earlier gains and fell 0.8% as crude oil prices continued to rise but pulled back from $100 a barrel.
Neogen declined 1.4%. The animal-and-food safety company posted a wider net loss and lower revenue in its fiscal third quarter, which was accompanied by a fiscal-year guidance hike.
Staar Surgical soared 27%. The implantable lens maker expects sales to more than double in the first quarter, at more than $90 million, compared with $42.6 million a year earlier.
Richardson Electronics was up 19%. The manufacturer of industrial parts said its backlog reached a three-year high as it swung to a quarterly profit.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 09, 2026 12:37 ET (16:37 GMT)
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