At midday trading, a few media and studio stocks were in the limelight after the lengthy writers' strike ended. Warner Bros., Discovery and Paramount Global rose by more than 2.5%, whilst Comcast gained 0.9% and Disney saw almost no movement. Netflix, in comparison, saw a minimal 0.3% rise. MillerKnoll, the furniture stock, soared by 27% following a first-quarter earnings beat and stronger-than-expected full year guidance. ChargePoint and Blink Charging both climbed 4.1% and 5.5% after UBS initiated coverage of the electric charging stocks, citing an increase in EV adoption. Costco shares increased by 2.1%, resulting from higher store traffic and an 8% year-over-year membership growth. Shares of XPO surged by 2% following an upgrade to outperform from Evercore ISI, which highlighted a potential margin growth and greater pricing power. Morgan Stanley initiated coverage of Mattel with an overweight rating, spurring the toy company's shares to climb by 4%. Meanwhile, Amazon's stock dropped 1% the day after the FTC's antitrust suit against them, after having declined 4% on Tuesday. Levi Strauss & Co. reached a 1.2% rise with TD Cowen initiating coverage at an outperform rating, with the firm seeing Levi's as being in the early stages of a positive denim cycle. Guardant Health increased by 5.6% when Piper Sandler upgraded their rating from neutral to overweight, indicating that the recent dip presents an attractive opportunity for investors. Finally, AAR Corp, an aircraft services company, experienced a 2.3% surge following a strong first quarter with $550 million in sales, up 23% year-on-year. Bank of America also upgraded Kosmos Energy to a buy rating, pushing their shares up 6%, as the current valuation looks compelling.
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