Check out the companies making headlines in midday trading: Southwest Airlines — The stock rose 9% after activist hedge fund Elliott Management amassed a $1.9 billion stake in Southwest Airlines. The firm seeks to replace Southwest CEO Bob Jordan and Chairman Gary Kelly. GameStop — The meme stock slipped...
Check out the companies making headlines before the stock market's opening bell. GameStop — The meme stock declined 5% premarket, giving up a gain of nearly 30% earlier. GameStop posted a surprise earnings report , showing net sales of almost $882 million for the first quarter, down 29% from...
Check out the companies making headlines after the bell : Lululemon Athletica — The athleisure maker popped 12% on strong first-quarter results that surpassed Wall Street's estimates on the top and bottom lines. Lululemon posted earnings of $2.54 per share on $2.21 billion in revenue. It also raised its...
Check out the companies making headlines before the bell. Intel — Shares rose more than 1% in the premarket after the company announced new artificial intelligence chips aimed at competing with those from rivals Nvidia and AMD. Despite the AI boom, Intel is down nearly 40% year to date,...
Check out the companies making headlines after the bell : Nvidia — The chipmaker added about 4% after announcing a 10-for-1 stock split . Nvidia also surpassed Wall Street's fiscal first-quarter estimates on the top and bottom lines, and it issued strong guidance for the current quarter. Other stocks...
Check out the companies making headlines before the bell. Apple — Apple shares slipped less than 1% after Reuters reported the technology giant is implementing aggressive discounts on its iPhones in China. Micron Technology — Shares moved 2.3% higher after Morgan Stanley upgraded the semiconductor company to equal weight...
Check out the companies making headlines after the bell : Boot Barn — The western apparel and footwear stock slid 7% after issuing light revenue and earnings guidance for the full year. Boot Barn said it expects earnings for the year to range between $4.55 and $4.85 a share,...
Check out the companies making headlines in midday trading: Novavax — The biotech company soared 110% after announcing a multibillion-dollar deal with French drugmaker Sanofi to co-commercialize its Covid vaccine starting next year. The companies will also develop combination shots targeting the coronavirus and flu. Taiwan Semiconductor Manufacturing —...
Check out the companies making headlines in midday trading: Walt Disney — The entertainment giant sank 10% after posting fiscal second-quarter results . Walt Disney reported adjusted earnings that beat estimates and posted strong Disney+ subscriber growth but slightly missed revenue estimates. The company also said it expects a...
Big technology earnings this week could offer a much-needed catalyst for a market under pressure. For the better part of the year, technology stocks have propelled the stock market higher as investors ramped up bets on the growth prospects of artificial intelligence. The expectation that the Federal Reserve would...