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Julie Hyman takes a look at some of today's top stories in this segment of Market Minute.
T-Mobile (TMUS) was downgraded by Citi to Neutral from Buy, with its price target unchanged at $268.
Chinese electric vehicle (EV) maker Li Auto (LI) reported a decline in fourth quarter net income and missed delivery estimates. The company also issued first quarter guidance that fell short expectations.
Meanwhile, Semtech (SMTC) shares surge after the company beat on revenue and earnings in the fourth quarter and issued a better-than-feared outlook.
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It's time for Yahoo Finance's Market Minute. Stocks moving higher with sentiment on Wall Street getting a lift, as it appears a government shutdown will be avoided. T-Mobile hit with a downgrade at City, the stock moved to neutral from buy and an unchanged price target of $268. City noting that valuation has stayed elevated above its competitors. Chinese EV maker Lee Auto posting a decline in its fourth quarter net income as vehicle deliveries missed estimates. Looking ahead, the company's first quarter guidance for revenue and vehicle deliveries also fell short of Wall Street's expectations. And lastly, Semtech shares gaining following a beat on revenue and earnings estimates in the fourth quarter. The semiconductor device company also providing a better than feared outlook. And that's your Yahoo Finance Market Minute. For more on what's trending on Yahoo Finance, scan the QR code below to track the best and worst performing stocks of this session.