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2023-09-25
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Alibaba, NIO, Paramount, Warner Bros. Discovery, Instacart, and More: U.S. Stocks to Watch
jellyfish216
2023-08-08
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Reports are expected later in the week from Costco Wholesale (CSCO), Micron Technology (MU), Nike (NKE), Carnival (CCL), Paychex (PAYX), Jefferies Financial (JEF), Accenture (ACN), Jabil (JBL), CarMax (KMX), and BlackBerry (BB).</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba, NIO, Paramount, Warner Bros. 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Discovery, Instacart, and More: U.S. Stocks to Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-09-25 17:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\">U.S. stock futures traded slightly higher Monday as Wall Street begins the last week of September, a month that so far has seen the S&P 500 drop 4.2% and the Nasdaq Composite slump 5.9%. Investors will be keying in on U.S. inflation data at the end or the week and monitoring negotiations in Congress over avoiding a government shutdown.</p><p style=\"text-align: start;\">These stocks were poised to make moves Monday: </p><p>Striking writers reached a tentative agreement with Hollywood studios that would end a strike that lasted nearly five months. The Writers Guild of America announced the three-year deal in a statement: “We can say, with great pride, that this deal is exceptional—with meaningful gains and protections for writers in every sector of the membership.” Media stocks rose in premarket trading. <strong>Paramount Global (PARA)</strong> rose 3.2%, <strong>Warner Bros. Discovery (WBD)</strong> jumped 4%, <strong>Netflix (NFLX)</strong> rose 1%, <strong>Walt Disney (DIS)</strong> was up 0.6%, and <strong>Amazon.com (AMZN)</strong> climbed 0.5%.</p><p>Amazon, meanwhile, will be investing up to $4 billion in artificial-intelligence company Anthropic. Amazon will be taking a minority stake in Anthropic. Amazon Web Services will become Anthropic’s primary cloud provider.</p><p>Hot Chinese ADRs dropped in premarket trading as Chinese shares fell on Monday, as cautious foreign investors offloaded domestic stocks ahead of a week-long holiday, while a weak regional market also weighed on sentiment. <strong>Alibaba (BABA)</strong>, <strong>Pinduoduo (PDD),</strong> and <strong>JD.com (JD)</strong> fell more than 2%; <strong>NIO (NIO)</strong> fell more than 3%; <strong>Li Auto (LI)</strong> fell about 6%.</p><p><strong>Instacart (CART)</strong> rose 1.6% to $30.49 in premarket trading. Shares of the grocery-delivery app, officially known as Maplebear, were initiated at Wolfe Research with a Peer Perform rating and a fair value range of $24 to $42 a share. Analysts at BTIG on Friday picked up coverage of Instacart with a Neutral rating. The stock went public last Tuesday at $30 a share and opened for trading at $42. But Instacart shares have been falling since their strong trading debut.</p><p><strong>Nike (NKE) </strong>shares fell 1.4% as Jefferies also downgraded it to hold from buy, saying the wholesale channel is likely to remain pressured and growth in China faces macro headwinds.</p><p><strong>AstraZeneca (AZN) </strong>stock rose 1.7% as Jefferies upgraded the U.K. drugmaker to buy from hold, saying R&D assets outside oncology are being largely ignored, Morgan Stanley separately said investors will reward earnings upgrade stories in AstraZeneca, Novo Nordisk and Novartis, the latter of which it upgraded to equal-weight from underweight.</p><p>Thor Industries (THO), the recreational-vehicle maker, is scheduled to report quarterly earnings after the closing bell Monday. Reports are expected later in the week from Costco Wholesale (CSCO), Micron Technology (MU), Nike (NKE), Carnival (CCL), Paychex (PAYX), Jefferies Financial (JEF), Accenture (ACN), Jabil (JBL), CarMax (KMX), and BlackBerry (BB).</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2370725232","content_text":"U.S. stock futures traded slightly higher Monday as Wall Street begins the last week of September, a month that so far has seen the S&P 500 drop 4.2% and the Nasdaq Composite slump 5.9%. Investors will be keying in on U.S. inflation data at the end or the week and monitoring negotiations in Congress over avoiding a government shutdown.These stocks were poised to make moves Monday: Striking writers reached a tentative agreement with Hollywood studios that would end a strike that lasted nearly five months. The Writers Guild of America announced the three-year deal in a statement: “We can say, with great pride, that this deal is exceptional—with meaningful gains and protections for writers in every sector of the membership.” Media stocks rose in premarket trading. Paramount Global (PARA) rose 3.2%, Warner Bros. Discovery (WBD) jumped 4%, Netflix (NFLX) rose 1%, Walt Disney (DIS) was up 0.6%, and Amazon.com (AMZN) climbed 0.5%.Amazon, meanwhile, will be investing up to $4 billion in artificial-intelligence company Anthropic. Amazon will be taking a minority stake in Anthropic. Amazon Web Services will become Anthropic’s primary cloud provider.Hot Chinese ADRs dropped in premarket trading as Chinese shares fell on Monday, as cautious foreign investors offloaded domestic stocks ahead of a week-long holiday, while a weak regional market also weighed on sentiment. Alibaba (BABA), Pinduoduo (PDD), and JD.com (JD) fell more than 2%; NIO (NIO) fell more than 3%; Li Auto (LI) fell about 6%.Instacart (CART) rose 1.6% to $30.49 in premarket trading. Shares of the grocery-delivery app, officially known as Maplebear, were initiated at Wolfe Research with a Peer Perform rating and a fair value range of $24 to $42 a share. Analysts at BTIG on Friday picked up coverage of Instacart with a Neutral rating. The stock went public last Tuesday at $30 a share and opened for trading at $42. But Instacart shares have been falling since their strong trading debut.Nike (NKE) shares fell 1.4% as Jefferies also downgraded it to hold from buy, saying the wholesale channel is likely to remain pressured and growth in China faces macro headwinds.AstraZeneca (AZN) stock rose 1.7% as Jefferies upgraded the U.K. drugmaker to buy from hold, saying R&D assets outside oncology are being largely ignored, Morgan Stanley separately said investors will reward earnings upgrade stories in AstraZeneca, Novo Nordisk and Novartis, the latter of which it upgraded to equal-weight from underweight.Thor Industries (THO), the recreational-vehicle maker, is scheduled to report quarterly earnings after the closing bell Monday. Reports are expected later in the week from Costco Wholesale (CSCO), Micron Technology (MU), Nike (NKE), Carnival (CCL), Paychex (PAYX), Jefferies Financial (JEF), Accenture (ACN), Jabil (JBL), CarMax (KMX), and BlackBerry (BB).","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":206680860565736,"gmtCreate":1691489362894,"gmtModify":1691489462016,"author":{"id":"4111484703972012","authorId":"4111484703972012","name":"jellyfish216","avatar":"https://community-static.tradeup.com/news/339a3868b40c24c3cbc281037e9954eb","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4111484703972012","authorIdStr":"4111484703972012"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206680860565736","repostId":"1163754427","repostType":2,"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":223749236170792,"gmtCreate":1695635237602,"gmtModify":1695635242329,"author":{"id":"4111484703972012","authorId":"4111484703972012","name":"jellyfish216","avatar":"https://community-static.tradeup.com/news/339a3868b40c24c3cbc281037e9954eb","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4111484703972012","idStr":"4111484703972012"},"themes":[],"htmlText":"ccc c xxx x vv xxxxxx zxc c<a href=\"https://ttm.financial/U/3562804614994746\">@TigerFeatures </a>xx., ,.$(_a nv. ,,Aaw 5 me my","listText":"ccc c xxx x vv xxxxxx zxc c<a href=\"https://ttm.financial/U/3562804614994746\">@TigerFeatures </a>xx., ,.$(_a nv. ,,Aaw 5 me my","text":"ccc c xxx x vv xxxxxx zxc c@TigerFeatures xx., ,.$(_a nv. ,,Aaw 5 me my","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/223749236170792","repostId":"2370725232","repostType":2,"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":206680860565736,"gmtCreate":1691489362894,"gmtModify":1691489462016,"author":{"id":"4111484703972012","authorId":"4111484703972012","name":"jellyfish216","avatar":"https://community-static.tradeup.com/news/339a3868b40c24c3cbc281037e9954eb","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4111484703972012","idStr":"4111484703972012"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/206680860565736","repostId":"1163754427","repostType":2,"repost":{"id":"1163754427","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1691486774,"share":"https://ttm.financial/m/news/1163754427?lang=&edition=fundamental","pubTime":"2023-08-08 17:26","market":"us","language":"en","title":"Palantir, Lucid, Li Auto, Chegg, Beyond Meat, RingCentral, and More: U.S. Stocks to Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=1163754427","media":"Dow Jones","summary":"U.S. stock futures declined Tuesday after Moody’s Investors Service downgraded its debt ratings on a number of small and midsize U.S. and said it may downgrade the credit ratings on six major U.S. ban","content":"<html><head></head><body><p>U.S. stock futures declined Tuesday after Moody’s Investors Service downgraded its debt ratings on a number of small and midsize U.S. and said it may downgrade the credit ratings on six major U.S. banks, including U.S. Bancorp and State Street.</p><p style=\"text-align: start;\">These stocks were poised to make moves Tuesday: </p><p><strong>Palantir Technologies (PLTR)</strong> was up 0.8% in premarket trading after reporting second-quarter adjusted earnings and revenue that met analysts’ estimates and raising its financial guidance. The software company also said it would be buying back $1 billion of stock, Palantir ‘s first repurchase program since the shares began trading in 2020.</p><p><strong>Lucid (LCID)</strong> reported a wider-than-expected second-quarter loss and sales that missed estimates but the rose 3.7% in premarket trading after the electric-vehicle maker said it remained on track for production of more than 10,000 units in 2023.</p><p><strong>Li Auto (LI)</strong> beats Q2 top and bottom line estimates; expects Q3 deliveries of vehicles to be between 100,000 and 103,000 vehicles, representing an increase of 277.0% to 288.3% from the third quarter of 2022. While shares dropped about 4% in premarket trading.</p><p><strong>Chegg (CHGG)</strong> jumped 23.5% after the online learning software posted better-than-expected second-quarter sales, and laid out a new AI-focused strategy. CEO Dan Rosensweig said Chegg launched the beta version of its generative AI experience in May and that feedback has been very positive. </p><p><strong>Paramount Global (PARA)</strong> was rising 3.8% after it agreed to sell book publisher Simon & Schuster to KKR for $1.62 billion in cash. The media giant also reported second-quarter adjusted earnings that beat analysts’ estimates.</p><p><strong>RingCentral (RNG)</strong>, the cloud-based telecommunications provider, said founder Vlad Shmunis would be stepping down as chief executive later this month and transitioning to executive chairman. RingCentral’s new CEO will be Tarek Robbiati, who came from Hewlett Packard Enterprise (HPE), where he most recently served as chief financial officer. RingCentral shares tumbled 10.5%.</p><p><strong>Beyond Meat (BYND)</strong> declined 16% after second-quarter revenue dropped 30% to $102.1 million and the maker of plant-based meats reduced its revenue forecast for the year.</p><p><strong>International Flavors & Fragrances (IFF)</strong> tumbled 21.6% after cutting its sales forecast for the year.</p><p><strong>U.S. Bancorp (USB)</strong> declined 1.2% and <strong>State Street (STT)</strong> fell 1.2% after Moody’s placed the credit ratings of six major U.S. banks on review for downgrade. Also on review for downgrade were Bank of New York Mellon (BK), Northern Trust (NTRS), Cullen/Frost Bankers (CFR) and Truist Financial (TFC). Commerce Bancshares (CBSH) and BOK Financial (BOKF) were among the smaller banks that had their debt ratings downgraded.</p><p>Earnings reports are expected Tuesday from <strong>Eli Lilly (LLY)</strong>, <strong>United Parcel Service (UPS)</strong>, <strong>Zoetis (ZTS)</strong>, <strong>Datadog (DDOG)</strong>, <strong>Rivian Automotive (RIVN)</strong>, <strong>Take-Two Interactive (TTWO)</strong>, <strong>Twilio (TWLO)</strong>, <strong>Lyft (LYFT)</strong>, and <strong>AMC Entertainment (AMC)</strong>.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir, Lucid, Li Auto, Chegg, Beyond Meat, RingCentral, and More: U.S. Stocks to Watch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir, Lucid, Li Auto, Chegg, Beyond Meat, RingCentral, and More: U.S. Stocks to Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-08-08 17:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures declined Tuesday after Moody’s Investors Service downgraded its debt ratings on a number of small and midsize U.S. and said it may downgrade the credit ratings on six major U.S. banks, including U.S. Bancorp and State Street.</p><p style=\"text-align: start;\">These stocks were poised to make moves Tuesday: </p><p><strong>Palantir Technologies (PLTR)</strong> was up 0.8% in premarket trading after reporting second-quarter adjusted earnings and revenue that met analysts’ estimates and raising its financial guidance. The software company also said it would be buying back $1 billion of stock, Palantir ‘s first repurchase program since the shares began trading in 2020.</p><p><strong>Lucid (LCID)</strong> reported a wider-than-expected second-quarter loss and sales that missed estimates but the rose 3.7% in premarket trading after the electric-vehicle maker said it remained on track for production of more than 10,000 units in 2023.</p><p><strong>Li Auto (LI)</strong> beats Q2 top and bottom line estimates; expects Q3 deliveries of vehicles to be between 100,000 and 103,000 vehicles, representing an increase of 277.0% to 288.3% from the third quarter of 2022. While shares dropped about 4% in premarket trading.</p><p><strong>Chegg (CHGG)</strong> jumped 23.5% after the online learning software posted better-than-expected second-quarter sales, and laid out a new AI-focused strategy. CEO Dan Rosensweig said Chegg launched the beta version of its generative AI experience in May and that feedback has been very positive. </p><p><strong>Paramount Global (PARA)</strong> was rising 3.8% after it agreed to sell book publisher Simon & Schuster to KKR for $1.62 billion in cash. The media giant also reported second-quarter adjusted earnings that beat analysts’ estimates.</p><p><strong>RingCentral (RNG)</strong>, the cloud-based telecommunications provider, said founder Vlad Shmunis would be stepping down as chief executive later this month and transitioning to executive chairman. RingCentral’s new CEO will be Tarek Robbiati, who came from Hewlett Packard Enterprise (HPE), where he most recently served as chief financial officer. RingCentral shares tumbled 10.5%.</p><p><strong>Beyond Meat (BYND)</strong> declined 16% after second-quarter revenue dropped 30% to $102.1 million and the maker of plant-based meats reduced its revenue forecast for the year.</p><p><strong>International Flavors & Fragrances (IFF)</strong> tumbled 21.6% after cutting its sales forecast for the year.</p><p><strong>U.S. Bancorp (USB)</strong> declined 1.2% and <strong>State Street (STT)</strong> fell 1.2% after Moody’s placed the credit ratings of six major U.S. banks on review for downgrade. Also on review for downgrade were Bank of New York Mellon (BK), Northern Trust (NTRS), Cullen/Frost Bankers (CFR) and Truist Financial (TFC). Commerce Bancshares (CBSH) and BOK Financial (BOKF) were among the smaller banks that had their debt ratings downgraded.</p><p>Earnings reports are expected Tuesday from <strong>Eli Lilly (LLY)</strong>, <strong>United Parcel Service (UPS)</strong>, <strong>Zoetis (ZTS)</strong>, <strong>Datadog (DDOG)</strong>, <strong>Rivian Automotive (RIVN)</strong>, <strong>Take-Two Interactive (TTWO)</strong>, <strong>Twilio (TWLO)</strong>, <strong>Lyft (LYFT)</strong>, and <strong>AMC Entertainment (AMC)</strong>.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163754427","content_text":"U.S. stock futures declined Tuesday after Moody’s Investors Service downgraded its debt ratings on a number of small and midsize U.S. and said it may downgrade the credit ratings on six major U.S. banks, including U.S. Bancorp and State Street.These stocks were poised to make moves Tuesday: Palantir Technologies (PLTR) was up 0.8% in premarket trading after reporting second-quarter adjusted earnings and revenue that met analysts’ estimates and raising its financial guidance. The software company also said it would be buying back $1 billion of stock, Palantir ‘s first repurchase program since the shares began trading in 2020.Lucid (LCID) reported a wider-than-expected second-quarter loss and sales that missed estimates but the rose 3.7% in premarket trading after the electric-vehicle maker said it remained on track for production of more than 10,000 units in 2023.Li Auto (LI) beats Q2 top and bottom line estimates; expects Q3 deliveries of vehicles to be between 100,000 and 103,000 vehicles, representing an increase of 277.0% to 288.3% from the third quarter of 2022. While shares dropped about 4% in premarket trading.Chegg (CHGG) jumped 23.5% after the online learning software posted better-than-expected second-quarter sales, and laid out a new AI-focused strategy. CEO Dan Rosensweig said Chegg launched the beta version of its generative AI experience in May and that feedback has been very positive. Paramount Global (PARA) was rising 3.8% after it agreed to sell book publisher Simon & Schuster to KKR for $1.62 billion in cash. The media giant also reported second-quarter adjusted earnings that beat analysts’ estimates.RingCentral (RNG), the cloud-based telecommunications provider, said founder Vlad Shmunis would be stepping down as chief executive later this month and transitioning to executive chairman. RingCentral’s new CEO will be Tarek Robbiati, who came from Hewlett Packard Enterprise (HPE), where he most recently served as chief financial officer. RingCentral shares tumbled 10.5%.Beyond Meat (BYND) declined 16% after second-quarter revenue dropped 30% to $102.1 million and the maker of plant-based meats reduced its revenue forecast for the year.International Flavors & Fragrances (IFF) tumbled 21.6% after cutting its sales forecast for the year.U.S. Bancorp (USB) declined 1.2% and State Street (STT) fell 1.2% after Moody’s placed the credit ratings of six major U.S. banks on review for downgrade. Also on review for downgrade were Bank of New York Mellon (BK), Northern Trust (NTRS), Cullen/Frost Bankers (CFR) and Truist Financial (TFC). Commerce Bancshares (CBSH) and BOK Financial (BOKF) were among the smaller banks that had their debt ratings downgraded.Earnings reports are expected Tuesday from Eli Lilly (LLY), United Parcel Service (UPS), Zoetis (ZTS), Datadog (DDOG), Rivian Automotive (RIVN), Take-Two Interactive (TTWO), Twilio (TWLO), Lyft (LYFT), and AMC Entertainment (AMC).","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}