Microsoft in Talks With Chevron; United Airlines Cut; Magnificent 7 Stocks Fall
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Show Notes
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Microsoft (MSFT) is in exclusive talks with Chevron (CVX) and investment fund Engine No. 1 over a long-term deal that would underpin a giant power plant in West Texas, providing electricity to a large data center campus. The proposed natural-gas fired power plant is projected to cost about $7 billion and initially generate 2,500 megawatts of electricity, making it one of the largest of its kind in the US, according to people familiar with the matter, who asked not to be identified because the talks are ongoing.
- TD Cowen analyst Thomas Fitzgerald cut the target on United Airlines Holdings (UAL) to $120 from $140. Maintains buy rating.
- Magnificent Seven stocks are falling, weighing on US stock futures, as President Donald Trump dashed hopes that war in the Middle East is nearing a swift resolution.
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