Stocks making the biggest moves midday: Twitter, Macy’s, Nvidia, Lululemon and more

A Lululemon sign hangs in front of their store in the Woodbury Commons Premium Outlets mall on November 17, 2019 in Central Valley, New York.

Gary Hershorn | Corbis News | Getty pictures

Check out the companies that make headlines during dinner shopping on Thursday.

Macy’s – Shares rose 19.3% after the department store chain reported better-than-expected quarterly results and raised its profit guidance. Macy’s received a boost from shoppers who buy clothes and other goods regardless of rising prices.

Twitter – Twitter shares rose 6.4% after Elon Musk increased its commitment to its takeover bid to $ 33.5 billion. Analysts have said the move indicates a new seriousness from Tesla’s CEO and increased likelihood that he will complete the deal, which has been embroiled in controversy since Musk proposed it in May.

Lululemon – Shares of the athleisure company rose 10.3% after Morgan Stanley upgraded Lululemon to overweight and said it is well positioned to perform well, even when a recession looms.

Nvidia – The chipmaker’s share rose 5.2% after falling earlier in the session. It came when Nvidia issued weaker-than-expected guidance for the current quarter and said it plans to slow down employment.

Broadcom – Broadcom’s share rose 3.6% after the semiconductor company split its plan to buy VMware in a $ 61 billion cash and stock deal. The acquisition would mark one of the largest technology deals in history.

Dollar Tree – The low-price retailer soared 21.9% after publishing quarterly gains and revenue that beat analysts’ expectations. Dollar Tree reported $ 2.37 earnings per share on revenue of $ 6.9 billion. Analysts expected earnings of $ 2.00 per share of $ 6.76 billion in revenue, according to Refinitiv.

Kraft Heinz – The food and beverage company fell by 6.1% after UBS downgraded the stock for fear of rising inflation and competition from private labels.

Alibaba – Alibaba shares rose 14.8% after publishing better-than-expected results for the previous quarter. The Chinese e-commerce giant reported fourth-quarter earnings of CNY 7.95 per share, excluding items, with revenues of CNY 204.05 billion. Analysts had expected a profit of CNY 7.31 per share of CNY 199.25 billion in revenue, according to StreetAccount.

Dollar General – The low price trader’s shares rose 13.7% due to stronger quarterly figures than forecast. Dollar General reported first-quarter earnings of $ 2.41 per share on sales of $ 8.75 billion. Analysts had expected earnings of $ 2.31 per share on revenue of $ 8.7 billion, according to the Refinitive Consensus.

Williams-Sonoma – The home furnishing retailer bounced 13.1% after a blow to revenue and earnings for the previous quarter. Williams-Sonoma also repeated his guidance for the year.

Nutanix – The cloud company fell 23% after issuing weak guidance. Nutanix also said that it is facing problems with the supply chain that have affected hardware partners.

Medtronic – Shares for medical devices fell 5.8% after a weaker-than-expected report for the fourth quarter. Medtronic reported $ 1.52 in adjusted earnings per share of $ 8.09 billion in revenue. Analysts surveyed by Refinitiv expected $ 1.56 per share and $ 8.43 billion in revenue. Medtronic said that problems with the supply chain weighed on the results for the quarter.

– CNBC’s Tanaya Macheel, Hannah Miao, Sarah Min and Jesse Pound contributed reporting

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