Rally Rolls On, Intel’s Spin-Off, American Airlines’ C-Suite Shuffle
Carl Quintanilla, Jim Cramer and David Faber began the show with a look at the markets extending yesterday’s rally, with the Dow coming off its best performance in 9 months. Among the leaders was Apple, notching a new record-high as Morgan Stanley analyst Katy Huberty boosted her price target to $200. Another big mover in the tech sector was Intel, after announcing plans to take its self-driving car unit Mobileye public in the U.S. next year. The anchors spoke exclusively with Intel CEO Pat Gelsinger, with the new company targeting an IPO valuation upwards of $50 billion. Also in the mix: American Airlines CEO Doug Parker announced he will retire next March, after more than 20 years at the helm. He will be succeeded by the carrier’s president, Robert Isom.
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