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Huawei Moves Up Launch of Ascend 960DT AI Chip to Q1 2027Cisco Patches Maximum-Severity ISE Zero-Day Under Active ExploitationFBI Warned ICE Agents Could Be Targeted by Fake 'Tradwife' Dating Profiles, Memo ShowsSecretlab Atlas office chair gets first price cut to $499iPadOS 27.2 Beta Adds Mac-Style Siri Popup to Text SelectionCommunity Fibre Installs UK’s Fastest 8.5Gbps Home Broadband as Lebara Offers £1.89 5G SIM Deal
Markets

Stock Futures Rebound as Generac Jumps on Up to $8 Billion Amazon Data-Center Power Deal

U.S. stock futures rose broadly on Thursday, Sept. 17, 2026, after the post-Fed pullback, as Generac surged more than 30% premarket on an Amazon backup-power agreement worth as much as $8 billion.

AI News Feed · 2026-09-17 23:40

According to CNBC's Investing Club morning note, written by portfolio analysis director Jeff Marks, the S&P 500 was positioned to recover all of its prior-day losses, with lower Treasury yields and oil prices in early trading supporting equities.

Generac said it would supply up to $8 billion of backup power generators for Amazon data centers, a business where outages carry heavy costs. Amazon will also receive warrants to buy up to $340 million worth of Generac stock. Stifel analysts said the warrants align the interests of both companies and validate Generac's market position.

Boeing drew attention after Chief Executive Kelly Ortberg said on Wednesday afternoon that stabilizing 737 Max production at 47 aircraft per month was taking longer than anticipated. Chief Financial Officer Jay Malave also said free cash flow was less likely to exceed the midpoint of the company's $1 billion to $3 billion outlook. Boeing shares fell 3.7% on Wednesday but were up more than 1% premarket, and Wolfe Research said it remains bullish at current levels.

Several analysts raised price targets on Salesforce following the company's investor day at Dreamforce. Guggenheim moved to $300 from $270, Stifel to $300 from $275 and Citi to $263 from $233. JPMorgan kept its $265 target but called the meeting incrementally positive for the re-rating thesis, even though no new guidance was issued. Salesforce maintained its fiscal 2030 revenue target of more than $63 billion.

Bernstein downgraded cybersecurity providers Palo Alto Networks, Okta and SentinelOne to hold from buy, saying the stocks are no longer cheap after large gains as the market came around to the view that artificial intelligence is a tailwind for the sector rather than a headwind.

Citi downgraded Boston Scientific to hold from buy, saying a late-August cyberattack that disrupted manufacturing, order fulfillment and shipping will have hangover effects. Boston Scientific said last week that operations were back up and running, and that CrowdStrike and other cyber experts were brought in and determined there was no ongoing threat.

Nike shares rose more than 2% after the company appointed LVMH executive Alexandre Arnault to its board. UBS cut its price target on Nike to $42 from $48, expecting the company to miss earnings estimates by 5 cents and to provide a quarterly outlook below Wall Street's expectations.

Lennar fell 1% after the homebuilder reported a double miss: earnings of $1.19 per share against the $1.28 expected, and revenue of $8.05 billion against the $8.23 billion expected. The company holds a conference call at 11 a.m. ET. Mortgage rates rose throughout the quarter and remain a problem for the housing market.

Citi cut its price target on McDonald's to $310 from $345 while keeping a buy rating, citing the fast-food chain's outlook for softer same-store sales. The analysts said U.S. same-store sales remain a "show me" story and expect the company to address plans for value, beverages, chicken and GLP-1 resilience, among other topics, at next week's investor day. McDonald's shares are down 27% from their February high.

RBC Capital initiated coverage of Kraft Heinz with a buy rating and a $32 price target, expecting a return to organic growth in 2027. The analysts pointed to what they described as real change under Steve Cahillane, who took over as chief executive at the beginning of the year. Beyond its namesake brands, the company's portfolio includes Oscar Mayer, Jell-O, Maxwell and Kool-Aid.