Check out the companies making headlines in midday trading. Victoria's Secret — Shares dropped 3.5% after Goldman Sachs initiated coverage of the stock with a sell rating, saying it sees a "tough macro and ongoing competitive pressure" for the lingerie company in the near term. Longer term, the firm...
Check out the companies making headlines before the bell. Boeing — Shares jumped 3% after Boeing posted a narrower-than-expected loss in its latest results. In its first quarter, the company reported an adjusted loss of $1.13 per share, better than the adjusted loss of $1.76 per share estimated by...
Check out the companies making headlines in midday trading. Duolingo — The online language app company popped 7.5% after JPMorgan reiterated its overweight rating on the stock, saying it has an attractive risk/reward and potential upside for its first-quarter guide and 2024 outlook. Taiwan Semiconductor Manufacturing — U.S.-traded shares...
Check out the companies making headlines before the bell. UnitedHealth — Shares popped roughly 7% after the healthcare giant posted better-than-expected revenue in its first-quarter results on Tuesday, with growth of close to 9% from $91.9 billion in the same period last year. UnitedHealth reported adjusted earnings of $6.91 per...
Check out the companies making headlines in midday trading. Tesla — Shares fell 2.8% after an internal memo said the electric vehicle maker is planning to lay off more than 10% of its global workforce . "As we prepare the company for our next phase of growth, it is...
Check out the companies making headlines in midday trading. Deckers Outdoor — Shares lost 6.9% after Truist downgraded the footwear company to hold over concerns that demand for core products is declining, noting softened direct-to-consumer trends for Hoka in February. Cava — Shares jumped 4.4% after Argus upgraded the...
Check out the companies making headlines in midday trading. GE Vernova — Shares of energy company GE Vernova, which spun off from General Electric last week, gained 5.4% following an upgrade to overweight from neutral from JPMorgan. The firm said investors should buy the dip in GE Vernova, and...
Check out the companies making headlines before the bell. Nike — The stock slumped 6.2% after the iconic sneaker brand reported slowing growth in China in its fiscal 2024 third quarter, despite posting better-than-expected quarterly earnings and revenue, boosted by North American sales and price changes. Lululemon — Shares...
Check out the companies making headlines before the bell. Google — Alphabet Class A shares were trading 5.6% higher following a Bloomberg report that said Apple is in talks with Google to license and build its Gemini artificial intelligence engine into future iPhones. Super Micro Computer — Shares gained...
Check out the companies making headlines in midday trading. Geron Corporation — Shares of the biotech company soared 90% after a U.S. Food and Drug Administration advisory panel voted in favor of Geron's blood disorder treatment, imetelstat. Geron expects a regulatory decision in June. Micron Technology — The semiconductor...