Yahoo Finance host Julie Hyman tracks today's top moving stocks and biggest market stories in this Market Minute, including Kraft Heinz's (KHC) $3 billion plan to upgrade US factories, EV maker Rivian's (RIVN) downgrade by Jefferies analysts, and PVH's (PVH) upgrade to Buy from Jefferies on its sales growth potential.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

Video Transcript

00:00 Speaker A

We are two hours into the trading day. It's time for Yahoo! Finance's Market Minute. Stocks trading higher as they push to extend recent gains on trade optimism. Tech, one of the leaders of the day. Kraft Heinz is investing $3 billion to upgrade its US factories, according to Reuters. The company's president of North America says the upgrade is intended to make plants more efficient and to lower costs. Rivian getting a downgrade to hold from buy at Jefferies. The firm citing a downbeat demand outlook for the year. The analyst points out that the main positive surprise in the EV maker's first quarter report came from a change in accounting. And PVH, owner of Calvin Klein and Tommy Hilfiger, getting an upgrade to buy from hold on Jeffrey, at Jefferies, on sales growth potential. The firm says China overhang from regulations could be resolved soon, either through new licensing deals or better trade relations. 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.  Related Videos

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