Oracle, Tesla, Anheuser-Busch stocks rise, Apple shares slip and other stocks on the move

By MarketWatch

Oracle's stock rallies after an upbeat earnings report, Tesla shares set to extend its record-long win streak to 13 trading days

Here are some of the bigger movers in Tuesday's trading action:

Stock gainers:

Oracle Corp. shares (ORCL) rallied 2.4% in morning trade, adding to a 6% gain in Monday's regular session, after the database company reported earnings and said AI customers have already signed contracts for more than $2 billion in new business.

Tesla Inc.'s stock (TSLA) rose nearly 2%, to put it on track for a record 13th-straight gain. On Monday, the stock broke the previous record of 11-straight gains set in January 2022. The stock has rocketed 39% since it last closed down, on May 24.

Anheuser-Busch InBev S.A.'s stock (ABI.BT) tacked on nearly 1% after country singer Garth Brooks responded to the recent anti-trans backlash by saying "inclusivity is always going to be me," and that he wouldn't ban any popular beer brands at his "Friends in Low Places" bar, implying the bar would serve Bud Light.

Carnival Corp.'s stock (CCL) rose 4%, a day after a 12% surge on the back of upgrades by two different Wall Street analysts.

Shares of Comerica Inc. (CMA) tacked on more than 4% after the regional bank disclosed plans to exit the mortgage finance business by the end of the year.

89bio Inc. shares (ETNB) shot up nearly 5% after a bullish call from Evercore ISI analysts on the company, which is focusing on treatments for liver diseases.

Bunge Ltd.'s stock (BG) rose 2% after the grain and oilseed processor announced an agreement to combine with Rotterdam-based Viterra Ltd. in a cash and stock deal valued at about $18 billion, including debt. The U.S.-listed shares of Glencore PLC(GLEN.LN) hiked up more than 5%.

Stock decliners:

Shares of Apple Inc. (AAPL) slipped less than 1% following three consecutive trading sessions of gains to close at a record high of $183.79, following a 2.8% gain in Monday's regular session. Apple shares were downgraded to neutral from buy at UBS.

Cal-Maine Foods Inc.'s stock (CALM) slumped 1.4% after the government's May consumer inflation reading showed that egg prices fell at the fastest pace since the early-1950s.

Zions Bancorp shares (ZION) shed 2.7% and were among the S&P 500's biggest decliners after the regional bank lowered its full-year growth outlook for net interest income.

-MarketWatch

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06-13-23 1158ET

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