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    In this article WYNN TWTR LULU Traders work on the floor of the New York Stock Exchange. NYSECheck out the companies making headlines in midday trading. Twitter — Shares of the social media company dropped more than 8% after Elon Musk walked away from his $44 billion deal to buy Twitter. Musk alleged that Twitter under-reported the number of spam bots on the platform. The two parties are likely set for a protracted court battle, and Musk could also be faced with paying a $1 billion breakup fee. Casino stocks — Shares of Wynn Resorts and Las Vegas Sands dove 9.4% and 8.8%, respectively, after Macao ushered in a week-long shutdown as it grapples with a Covid-19 outbreak. Monday marked the first time in more than two years that Macao has shut down all of its casinos. Lululemon, Under Armour — Shares of the activewear retailers were lower following downgrades by Jefferies. Lululemon fell 4% after the firm lowered its rating on the stock to underperform from hold, citing "rising competition." Under Armour declined by some 4.7%. Jefferies downgraded it to neutral from buy, saying fundamentals...
    People walk past a store of the sporting goods retailer Nike Inc. at a shopping complex in Beijing, China March 25, 2021.Florence Lo | Reuters Check out the companies making headlines in midday trading Wednesday. Nike — Shares of the athleticwear retailer fell more than 3% after Seaport downgraded the stock to neutral from buy. The Wall Street firm said Nike is faced with rising inflation and supply chain disruptions. La-Z-Boy — Shares of the furniture maker jumped more than 8% after La-Z-Boy reported its fiscal fourth quarter results. The company, which is covered by few Wall Street analysts, reported consolidated net sales up 32% year over year, with net income also rising, powered primarily by strong wholesale sales growth. The company's CEO did say in a release that La-Z-Boy expected demand to be "volatile for the foreseeable future." Altria Group — The tobacco company dropped 9% after the Wall Street Journal reported that the Food and Drug Administration is preparing to order Juul Labs to take its e-cigarettes off the U.S. market. The Biden administration also plans to propose a...
    The Twitter logo is displayed on a smartphone screen on April 14, 2021.NurPhoto | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Twitter — Shares of the social media company rose 4% on news that it may want to finalize a takeover deal with Tesla founder Elon Musk ahead of its quarterly earnings on Thursday, with reports that it could come as early as Monday. Penn National Gaming — Shares of the casino and online betting company rose 3% after an upgrade from Morgan Stanley. The investment firm hiked its rating to overweight, saying that the recent slump for Penn National's stock made it an attractive valuation and that the company has a better strategy for gaining sports-betting customers than its competitors. Oil stocks — Energy stocks dipped amid renewed fears of a global slowdown as the country grapples with a Covid outbreak. Shares of Chevron and Exxon Mobil fell 3.8% and 5.7% , respectively. Advanced Micro Devices, Marvell — AMD's stock rallied 1.7% after Raymond James upgraded it to outperform and said its stock...
    In this article KO TWTR VZ PENN WBD K VIDEO1:2801:28News Update – Pre-MarketsNews BriefingCheck out the companies making headlines in premarket trading. Coca-Cola — Shares of Coca-Cola rose about 1% after the company beat analysts' expectations on the top and bottom lines in the recent quarter. The beverage giant reported adjusted earnings of 64 cents per share on revenues of $10.5 billion, while analysts expected 58 cents per share on $9.83 billion in revenue. Twitter — Twitter ticked 5% higher on reports that the social media giant is close to a deal with Elon Musk. It comes a day after the company's board reportedly met Sunday to discuss a takeover bid from Elon Musk, who has already secured $46.5 billion in financing. Oil stocks —Shares of energy companies fell on Monday as oil prices fell on fears of a global slowdown amid lockdowns in Shanghai. Chevron, ConocoPhillips, and Marathon Oil dipped 2.2%, 2.6% and 2.8% respectively. Kellogg — Shares of Kellogg dipped 1.8% after Deutsche Bank downgraded the stock to a hold. The bank cited the impact from workers' strikes, rising...
    A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, U.S., on Monday, April 19, 2021.David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. CarMax — CarMax shares dipped more than 8% after reporting a beat on revenue but a miss on earnings for the latest quarter. The auto retailer earned 98 cents per share, below the $1.25 per share consensus estimate. CrowdStrike — Shares of the cybersecurity company jumped 3.7% after Goldman Sachs upgraded the stock to a "buy" from "neutral." The firm said the strength of CrowdStrike's business has been overlooked recently and that it's "well positioned in the sweet spot of demand." PG&E — Shares of the utility company rose 3% after it reached settlements to pay $55 million for two fires in Northern California. As part of the agreement, PG&E will not face any criminal prosecution. Cisco Systems —  Shares of the network technology company fell about 1%, lagging behind the broader market, after Citi downgraded Cisco to sell from neutral. A Citi analyst said in...
    In this article KR HOOD EPAM Kroger is opening automated warehouses around the country to build a larger and more profitable online grocery business.KrogerCheck out the companies making headlines in midday trading Friday. Robinhood — Shares of the trading app dropped more than 7% after Goldman Sacks downgraded the stock to sell from neutral. The Wall Street firm cited softening retail engagement levels, continued weakness in account growth and a limited path to near-term profitability for its updated outlook. WD-40 — The lubricant maker reported quarterly results that beat analyst expectations, sending the stock up nearly 9%. WD-40 reported a profit of $1.41 per share, easily beating a Refinitiv consensus estimate of $1.01 per share. EPAM Systems — Shares for the software company surged 12.5% after EPAM Systems said it would terminate its operations in Russia. Stifel analysts said in a late Thursday note that they interpreted the decision as "positive as it removes the most visible overhang." Kroger — Shares for the grocery chain jumped nearly 3% after Bank of America upgraded Kroger's stock to buy from...
    In this article BIDUA pedestrian wearing a protective mask walks past a Walgreens store in San Francisco, California.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading. Walgreens — The drug store chain fell about 5% after the company reported its quarterly results. Despite recording a beat on earnings, it did not raise its forecast for the year The company's president said on its earnings call Thursday that demand for Covid testing has slowed since January, and it could take time for its healthcare investments to pay off. Baidu — Shares for the tech company tumbled roughly 7%. Baidu was added to the Securities and Exchange Commission's list of U.S.-traded China stocks that could be delisted should the internet search company fail to disclose financial audits to U.S. regulators. AMD — The chipmaker lost 7.1% after Barclays downgraded the stock to equal-weight and lowered its price target from $148 to $115. The bank cited "cyclical risk across several end markets," including PC and gaming as contributors to the downgrade. Dell Technologies and HP —...
    In this article COIN TSLA AMC POLY A Tesla Supercharger station in Vallejo, California, U.S., on Tuesday, Oct. 19, 2021.David Paul Morris | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading. Tesla — Tesla shares gained more than 7% on Monday following news that the electric vehicle maker will ask shareholders at its annual meeting to authorize a stock split in order to pay stock dividends to investors. Coinbase — Shares of the cryptocurrency services firm rose more than 6% following a report by a local newspaper that the company is in a talks to buy 2TM, the parent of the Brazilian cryptocurrency brokerage Mercado Bitcoin, and that the potential deal could be closed by the end of April. The move also coincides with a significant move higher in the bitcoin price over the weekend that erased its 2022 losses. AMC Entertainment — The movie theater company saw shares surge by about 25% after its CEO Adam Aron said more "transformational" M&A deals are coming. The comments followed news about the company's investment in Hycroft...
    In this article CHWY PJC KSS In this photo illustration the Discovery Channel logo of an US television network is seen on a smartphone and a pc screen.Pavlo Gonchar | LightRocket | Getty ImagesCheck out the companies making headlines in midday trading. GameStop – Shares of the video game retailer jumped about 4% after news that the company is planning to create a marketplace for nonfungible tokens, or NFTs. At its session high, the speculative name jumped more than 20% on the day. T-Mobile – The company's stock shares fell more than 5% after it reported postpaid net customer additions of 844,000 in the fourth quarter and about 2.9 million total in 2021. That came in lower than the StreetAccount consensus expectations of 867,900 in the fourth quarter. DraftKings – Shares of the sports betting company added 3.8% ahead of the launch of legal mobile sports betting in New York state on Saturday. Discovery – The media stock soared 16.5% after Bank of America upgraded Discovery to buy. The pending merger with Warner Media could create a true rival to Netflix and Disney+ in...
    In this article ACI OXY SPCE ZG The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), today, Tuesday, May 4, 2021, in honor of Star Wars Day.Source: NYSECheck out the companies making headlines in midday trading. Occidental Petroleum — Shares of the energy company gained 5.7% after Truist upgraded the stock to a buy rating based on an expected jump in shareholder returns. The firm also raised its target on the stock from $35 to $50, with the new forecast implying a nearly 60% upside from Friday's closing price. APA and Diamondback Energy, meanwhile, advanced more than 3.2% and 2.7%, respectively, on the back of West Texas Intermediate crude futures, the U.S. oil benchmark, rising to its highest level in seven years on Monday. Zillow — The real estate stock dropped 9% after Zillow announced that it would not sign any new contracts to buy homes through the end of the year "due to a backlog in renovations and operational capacity constraints." In a press release, the company's CEO cited labor and supply issues as a reason...
    In this article MRO FANG MRNA OTLY The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021.Daniel Becerril | ReutersCheck out the companies making headlines in midday trading. Energy — Energy stocks dominated the top performing spots in the S&P 500 as U.S. crude oil prices topped $80 a barrel, the highest since 2014. APA Corp gained 4.9%. Pioneer and Diamondback added more than 3%. Hess rose about 4%. EOG leapt more than 3%. Marathon Oil gained over 2% and Devon Energy added 1.8%. Charter Communications — The cable company's stock fell more than 4% after Wells Fargo downgraded it to underweight from equal weight, due to concerns about slowing cable subscriber growth. Cable One also lost about 3% after Wells downgraded it to equal weight from overweight. Competitors Altice fell 1.8% and Comcast Corp fell 3.7%. Comcast owns NBCUniversal, the parent company of CNBC. General Motors — Shares of the automaker jumped 3.5% after Credit Suisse reiterated its outperform rating on the stock, saying it...
    In this article TOL DKNG SAM CPB DKS Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020.Gabby Jones | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.  Nordstrom — Shares of the retailer dropped more than 16% despite Nordstrom beating expectations on the top and bottom lines for the second quarter. The company issued its quarterly results late Tuesday. JPMorgan downgraded the stock to underweight from neutral. The investment firm said in a note to clients that Nordstrom appeared to be underperforming even though the environment may be "as good as it gets," creating risk to the downside for the stock. Dick's Sporting Goods – The sporting goods retailer's stock hit an all-time high, soaring more than 15% after reporting strong quarterly earnings that beat estimates by $2.28. The company also announced a special dividend of $5.50 per share and a 21% increase in its quarterly dividend. Campbell Soup — The food products stock slipped 2% following a downgrade from Piper Sander. The investment firm...
    VIDEO0:5000:50Wall Street set to open lower in last trading day of NovemberMorning Report Check out the companies making headlines before the bell: Moderna — Shares Moderna rose more than 11% in premarket trading after the drugmaker said new data confirms the vaccine is more than 94% effective in preventing Covid-19. Moderna plans to request emergency clearance from the Food and Drug Administration on Monday. S&P Global, IHS Markit — Shares of IHS Markit rose more than 4% in premarket trading on news financial markets-data giant S&P Global agreed to buy IHS Markit for $44 billion, making it the biggest corporate deal of 2020 so far. Shares of S&P Global ticked more than 2% lower. The deal is expected to close in the second half of 2021. Bank of America, JPMorgan, Goldman Sachs — Shares of the bank stocks edged lower in premarket trading after Morgan Stanley downgraded the group, favoring other consumer banks heading into 2021. The Wall Street firm downgraded Bank of America and JPMorgan from to "underweight" from "overweight" and Goldman Sachs to "underweight" from "equal weight." Slack —...
    Niraj Shah, CEO, WayfairAshlee Espinal | CNBC Check out the companies making headlines in midday trading.  Tesla — Tesla shares whipsawed in midday trading, trading higher by 0.5% after falling as much as 8.5% and into bear-market territory earlier in the session. The stock of the electric car maker has come under marked pressure in recent session amid a sell-off in high-flying growth stocks.  DocuSign — The work-from-home stock continued its fall on Friday despite beating Wall Street estimates for second quarter earnings, revenue and future guidance on Thursday night. Deutsche Bank downgraded the stock to hold from buy, saying the share price already reflected strong future growth. Shares were down more than 12% on Friday. Moderna — Shares of the pharmaceutical company fell more than 4% after its CEO announced that Moderna was slowing enrollment  in its phase three vaccine trial to ensure a diverse patient pool. The most recent data from the company shows that its patient pool is has fewer Black and Latino Americans than the country as a whole, according to Census Bureau estimates. Wayfair — Shares of Wayfair slid 6.5% after...
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