A Lululemon sign hangs in front of their store at Woodbury Commons Premium Outlets on November 17, 2019 in Central Valley, New York.
Gary Hirschhorn | Corbis News | Getty Images
Check out which companies are making the headlines at midday Thursday.
Messi – Stocks jumped 17.8% after The supermarket chain posted better-than-expected quarterly results And raise profits directive. Macy’s has got support from shoppers who buy clothes and other merchandise regardless of price hikes.
Twitter Twitter stock jumped more than 5% after Elon Musk increase his commitment In its bid to acquire $33.5 billion. Analysts said the move indicates a new seriousness by Tesla’s CEO and increasing the likelihood of the deal going through, which has been mired in controversy since Musk proposed it in May.
Lululemon – Shares of the sports company then jumped 10.8% Morgan Stanley upgraded Lululemon to overweight They said he is well positioned to perform well, even as the recession approaches.
nvidia The chip maker’s stock rose 5.6%, after falling earlier in the session. came in the form of Nvidia issued weaker-than-expected guidance For the current quarter, she plans to slow hiring.
from Broadcom Broadcom stock gained 4.2% after The semiconductor company shared its plan to buy VMware for $61 billion Dealing in cash and shares. This acquisition will represent one of the largest technology deals in history.
dollar tree Discounted retail sales rose 22.3% after reporting quarterly earnings and revenue that beat analysts’ expectations. Dollar Tree reported earnings per share of $2.37 on revenue of $6.9 billion. Analysts expected earnings of $2.00 per share on $6.76 billion in revenue, according to Refinitiv.
Kraft Heinz Food and Beverage Company It fell 6.2% after UBS lowered the stock’s rating Fears of high inflation and competition from private brands.
Ali Baba Alibaba shares rose 14.8% after the release of better-than-expected results for the previous quarter. The Chinese e-commerce giant reported fiscal fourth-quarter earnings of CNY 7.95 per share, excluding items, on revenue of CNY 204.05 billion. Analysts expected earnings of CNY 7.31 per share on revenue of CNY 199.25 billion, according to StreetAccount.
general dollar Discount retailer shares rose more than 14% on the back of stronger-than-expected quarterly numbers. Dollar General reported first-quarter earnings of $2.41 per share on revenue of $8.75 billion. Analysts expected earnings of $2.31 per share on revenue of $8.7 billion, according to the Refinitiv consensus.
Williams Sonoma The home furnishings seller rebounded 14.1% after outpacing revenue and profit in the previous quarter. Williams-Sonoma also reiterated her guidance for this year.
Nutanix The cloud company slipped 21.9% after issuing weak guidance. Nutanix also said it was experiencing supply chain issues that hit its hardware partners.
Medtronic Medical device shares fell more than 4% after a weaker-than-expected report for the fourth quarter of the fiscal year. Medtronic reported $1.52 in adjusted earnings per share on $8.09 billion in revenue. Analysts polled by Refinitiv expected $1.56 per share and revenue of $8.43 billion. Medtronic said supply chain issues affected the quarter’s results.
– CNBC’s Tanaya Machel, Hana Miu, Sarah Main and Jesse Pound contributed reporting.
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