In this article, we take a look at five stocks that are moving on Thursday. If you want to read our detailed analysis of these stocks, go directly to Why These 10 Stocks Are Moving on Friday.
5. United Airlines Holdings, Inc. (NASDAQ:UAL) has slumped 6.6% after the company announced that it would stop the use of Russian airspace and is also looking into the possibility of canceling two routes between the US and India. Earlier this month, Russia announced that it had closed its airspace for 36 countries, including all the 27 EU members but did not mention United Airlines Holdings, Inc. (NASDAQ:UAL) in the list. On the other hand, the US has prohibited all Russian aircraft and airlines from entering its flying zone. Paul Reeder and Edward Shapiro’s PAR Capital Management is the leading investor in the company with a stake of around $149 million. Overall, 35 hedge funds had a stake in United Airlines Holdings, Inc. (NASDAQ:UAL) at the end of Q4 2021, up from 30 in the third quarter.
4. The Mosaic Company (NYSE:MOS) is up 5.8% after Jeffrey Zekauskas at JPMorgan increased the target price from $50 to $57 while maintaining an Overweight rating on the stock. The global potash market, according to the analyst, is significantly different from the nitrogen or phosphate markets in that there are no significant cost constraints on any of the big potash suppliers. Of the 924 hedge funds in Insider Monkey’s database, 46 funds had a long position in The Mosaic Company (NYSE:MOS) as of Q4 2021.
3. The Kroger Co. (NYSE:KR) has gained over 2.5% after the company received multiple upward revisions in target price from notable analysts. Kelly Bania at BMO Capital reiterated a Neutral rating on The Kroger Co. (NYSE:KR) but increased the target price from $41 to $57. The analyst highlighted that higher inflation and rising fuel prices provided support to strong comparable-store sales, which resulted in better-than-expected Q4 2021 results. A similar revision in target price was made by Robert Moskow at Credit Suisse. Mr. Moskow increased the target price from $47 to $57 while maintaining a Neutral rating. The analyst stated that the strong finish to FY21, and the bullish guidance is a sign by Kroger Co. (NYSE:KR) that it intends to generate higher profits despite a challenging environment. As of Q4 2021, 41 hedge funds reported owning a stake in The Kroger Co. (NYSE:KR), up from 39 in the preceding quarter.
2. Newmont Corporation (NYSE:NEM) is up 3% today following a 1.3% increase in gold prices due to rising uncertainty related to the conflict between Russia and Ukraine. The Denver, Colorado-based gold mining company already received a boost from Michael Jalonen at Bank of America, who increased the price target from $70 to $75 while reiterating a Buy rating on Newmont Corporation (NYSE:NEM) stock. Of the 924 hedge funds in Insider Monkey’s database, 45 funds held a stake in the precious metals company as of Q4 2021. First Eagle Investment Management is the leading investor in Newmont Corporation (NYSE:NEM), with a stake worth over $1 billion.
1. CF Industries Holdings, Inc. (NYSE:CF) has gained 2.5% today after Jeffrey Zekauskas at JPMorgan increased the price target on the stock from $75 to $77 while reiterating a Neutral rating. The analyst thinks that the Deerfield, Illinois-based fertilizer manufacturing company does not face the cost predicament as faced by its European competitors. The cost of natural gas for CF Industries is $4.70/MMBtu, and the company is significantly profitable at the current nitrogen prices. At the end of Q4 2021, 58 hedge funds had a stake in CF Industries Holdings, Inc. (NYSE:CF), up from 49 in the preceding quarter.
You can also take a peek at the 6 Best Stocks to Buy According to Michael Burry and 10 Best Metaverse ETFs To Buy.
