Stock Movers Today: OXY, MGM, NKE, SNOW

Berkshire Hathaway added a stake in Occidental Petroleum (OXY). They now indirectly own more than 153M shares of OXY. The OXY stock price was trading higher after the announcement. How does Occidental Petroleum (OXY) compare to other energy stocks like Exxon Mobil (XOM), Chevron (CVX), and ConocoPhillips (COP)? Next, Alex Coffey weighs in on casino stocks being among the early leaders in today’s trading session. MGM Resorts (MGM) was initiated with an outperform rating by JMP Securities. They also initiated outperform ratings on Penn National Gaming (PENN) and DraftKings (DKNG). Also, Nike (NKE) 4Q earnings report beat estimates on both top and bottom lines. However, the NKE stock price is trading lower today following the news. Jefferies upgraded the Snowflake (SNOW) stock to buy from hold. The analyst stated that the shares have plenty of room to double their value while growing into a reasonable multiple. The SNOW stock price hit an all-time low of $110.27 on June 14th of this year.