These Stocks Are Moving the Most Today: Ford, GM, Nvidia, HP Inc., Semtech, and More

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United Auto Workers President Shawn Fain said the union and auto makers Ford, General Motors, and Stellantis were still very far apart as negotiations continued ahead of a strike deadline.

Frederic J. Brown/AFP via Getty Images

Stock futures pointed slightly higher Thursday after the

S&P 500

closed up following a U.S. inflation report that makes it unlikely the Federal Reserve will boost interest rates when it meets next week. Investors on Thursday will get another inflation reading, this time in the form of the producer price index, which measures inflation at the wholesale level.

These stocks were poised to make moves Thursday: 


(F) was up 0.2% and

General Motors

(GM) rose 0.4% ahead of a deadline late Thursday for a strike by the United Auto Workers union. Shawn Fain, the head of the UAW, said late Wednesday the union and the Big Three automakers, including


(STLA), were still “very far apart” on the union’s key priorities for wage increases, and that the UAW was preparing to strike all three companies using new tactics after 11:59 p.m. on Thursday.

The initial public offering of Arm Holdings was priced at $51 a share, at the top of the expected range, giving the chip design company a valuation of $54.5 billion on a fully diluted basis. Arm shares will begin trading Thursday on the Nasdaq under the stock symbol “ARM.” Ahead of Arm’s debut, shares of fellow chip makers traded higher.


(NVDA) rose 1.1%, U.S.-listed shares of

Taiwan Semiconductor Manufacturing

(TSM) gained 0.9%,


(INTC) was up 0.3%, and


(QCOM) rose 0.4%.

HP Inc.

(HPQ) was down 1.2% after Warren Buffett’s

Berkshire Hathaway

(BRK.B) disclosed it sold 5.5 million shares of the maker of personal computers and printers. It was the first sale of stock in

since Berkshire Hathaway accumulated a 12% stake in the company in the early part of 2022.


(SMTC), the semiconductor supplier, was falling 3.9% after forecasting a fiscal third-quarter loss of 9 cents to 22 cents a share on revenue of $190 million to $210 million. Analysts had been estimating adjusted earnings of 12 cents a share on revenue of $247.7 million.

Norwegian Cruise Line

(NCLH) and


(CCL) were upgraded to Buy from Neutral at Redburn, the Fly reported. Norwegian shares rose 1.7% in premarket trading and Carnival was up 1.9%. The Redburn analysts maintained their recommendation on

Royal Caribbean

(RCL) at Neutral.

Royal Caribbean

gained 1.1%.

Earnings reports are expected after the closing bell Thursday from software company


(ADBE), home builder


(LEN), and online auto auctioneer



Write to Joe Woelfel at 

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