Check out the companies making headlines in midday trading. Altice USA — The cable television firm tumbled more than 12% after Wells Fargo downgraded the stock to underweight from equal weight. The bank is now skeptical on Altice’s merger and acquisition prospects, analyst Steven Cahall wrote. Tesla — The electric vehicle maker lost nearly 2% … Read more
Check out the companies making headlines before the bell. Shockwave Medical — The medical device stock rose 1.6% after Johnson & Johnson announced it would buy the company for $12.5 billion. The transaction would boost J & J’s portfolio of cardiovascular disease treatment devices. Krispy Kreme — Shares of the doughnut chain surged 5% in … Read more
Check out the companies making the biggest moves midday. RH — The luxury retailer surged 17.2% after offering strong full-year forecasts for demand and revenue growth. That allowed investors to look past a fourth-quarter earnings report that came in below expectations. Estée Lauder — Shares jumped more than 6% after Bank of America upgraded them … Read more
Check out the companies making headlines in midday trading. Nvidia — Nvidia reversed higher to gain more than 1% after the artificial intelligence chipmaker unveiled its widely anticipated next-generation chips. Several Wall Street firms boosted their price targets on Nvidia in the wake of the event. The company plans to roll out the first iteration … Read more
Bitcoin to the moon, SPACs on the rise, chatroom trading all the rage — it can feel like 2021 all over again. The Federal Reserve’s rate-cut signal in December triggered a furious rally to record highs, unleashing animal spirits that are fueling similar speculative activities from the depths of the pandemic. “The animal spirits are … Read more
Check out the companies making headlines in midday trading. Hormel Foods — Shares popped 13.3% after the food processing company beat fiscal first-quarter earnings and revenue expectations. It posted earnings of 41 cents per share, excluding items, on revenue of $3 billion. Analysts polled by FactSet had called for earnings of 34 cents per share … Read more
Check out the companies making headlines before the bell. Snowflake — The cloud data company sank after posting disappointing product revenue guidance for the first quarter and announcing that CEO Frank Slootman is retiring. Snowflake said it expects product revenue to range between $745 million and $750 million in the current period, below the $759 … Read more
Check out the companies making headlines after the bell . Salesforce — Salesforce dropped 4% after providing weaker-than-expected guidance for the fiscal year. In the fourth quarter, the software company topped Wall Street’s fourth-quarter expectations on the top and bottom lines. The software giant increased its buyback by $10 billion and initiated a dividend of … Read more