On November 26, 2021, a man with a Nike bag speaks on the phone in front of the Nike store when Black Friday goes on sale at the Bluegrass outlet shop in Simpsonville, Kentucky.
John Cherry | Reuters
Check out the companies that make headlines for trading at noon.
Nike — Nike’s share surged 3.2% after the company reported beats at the top and bottom lines in the third quarter. Retailers reported revenue of $ 10.87 billion, 87 cents per share, and revenue of $ 10.59 billion, which exceeded analysts’ estimates of 71 cents per share. Nike has delayed announcing its outlook for the year.
GameStop – Video game retailers’ share surged by more than 28% in afternoon transactions. There was no clear reason behind the move. According to FactSet’s Street Account, the company reported quarterly earnings last week with an expected earnings per share of 85 cents, while a loss per share of $ 1.86. Shares of AMC Entertainment, a companion to meme stocks, also surged 11%.
Datadog — Software company stocks surged by more than 6% after investment company BTIG began covering stocks with purchase ratings. BTIG said in a note to the client that Datadog is set up for short-term and long-term success.
Alibaba — China-based e-commerce giant shares surged more than 12% after the company increased its share-purchase program from $ 15 billion to $ 25 billion and is valid for two years until March 2024. did. Alibaba has also appointed Weijian Shan as an executive. Appointed to the board of directors as chairman and independent director of the investment group PAG headquartered in Hong Kong.
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Tencent Music Entertainment — Entertainment services companies have seen a 10% surge in market share after reporting higher-than-expected revenue in the last quarter. Tencent Music also said it would pursue a secondary listing on the Hong Kong Stock Exchange.
Pfizer — Biopharmacy Giants’ share price fell 2% in a noon deal after announcing that it would distribute up to 4 million treatment courses for oral covid pills to dozens of poor countries in partnership with the United Nations Children’s Fund.
Okta — The share of authentication and identity management companies fell by more than 3% on news of potential breaches from hacking groups. Okta said, “We have detected an attempt to compromise the account of a third-party customer support engineer working on one of the subprocessors,” but found no new evidence of the attack.
Alphabet — High-tech giant stocks surge 2.8% in noon trading after Google’s parent company spins off Sandbox AQ, a quantum computing starter, including former Google CEO Eric Schmidt as investor and board chair. did.
Sherwin-Williams — Paint company shares rose about 1.8% after Bank of America upgraded its shares to buy from neutral. Analyst Steve Burn said the problems facing the chemical sector have already been explained in stock prices, and stocks could be a way to bet on the US economy rather than Europe.
Carnival — According to FactSet’s Street Account, cruise companies were down less than 1% after offering business updates with a net loss of $ 1.9 billion in the first quarter. Carnival also reported revenue of $ 1.62 billion, compared to an estimate of $ 2.26 billion.
Energy Stocks — Some energy stocks fell on Tuesday, suspending investors from profiting, resulting in the largest decline in the S & P 500 after a surge in the previous session. Hess decreased by more than 1% and Occidental decreased by about 0.8%. EOG and Diamondback decreased by more than 1%. Valero and Marathon decreased by 0.7% and 0.8%, respectively. Energy is the only sector of green so far in 2022.
— CNBC’s Samantha Subin, Sarah Min, and Jesse Pound contributed to the report.