A Lululemon poster hangs in front of his store at Woodbury Commons Premium Outlets on November 17, 2019 in Central Valley, New York.
Gary Hershorn | Corbis News | Getty Images
Check out the companies listed in the headlines at noon Thursday trading.
Macy’s: Shares rose 17.8% after the department store chain reported better-than-expected quarterly results and increased its profit orientation. Macy’s has received a boost from buyers who are buying clothing and other products, regardless of rising prices.
Twitter: Twitter shares rose more than 5% after Elon Musk raised its stake in its takeover bid to $ 33.5 billion. Analysts have said the move indicates a new seriousness on the part of Tesla’s CEO and a greater likelihood of completing the deal, which has been embroiled in controversy since Musk proposed it in May.
Lululemon: Athleisure shares rose 10.8% after Morgan Stanley upgraded Lululemon to overweight and said it was well positioned to perform well, even when a recession is looming.
Nvidia: Chips maker shares gained 5.6% after falling early in the session. It came when Nvidia issued a weaker-than-expected guide for the current quarter and said it plans to slow hiring.
Broadcom: Broadcom shares gained 4.2% after the semiconductor company shared its plan to buy VMware in a $ 61 billion cash and stock deal. The acquisition would mark one of the largest technology offerings in history.
Dollar Tree: Discount retailer soared 22.3% after posting quarterly earnings and revenue that exceeded analysts’ expectations. Dollar Tree reported earnings per share of $ 2.37 with revenue of $ 6.9 billion. According to Refinitiv, analysts forecast earnings of $ 2.00 per share with revenue of $ 6.76 billion.
Kraft Heinz: The food and beverage company fell 6.2% after UBS lowered its stock of fears of rising inflation and private label competition.
Alibaba: Alibaba shares rose 14.8% after posting better-than-expected results for the previous quarter. The Chinese e-commerce giant reported fourth-quarter fiscal gains of CNY 7.95 per share, not including items, with revenues of CNY 204,050 million. According to StreetAccount, analysts had predicted earnings of CNY 7.31 per share with revenues of CNY 199.25 billion.
General Dollar: Discount retailer shares rose more than 14% thanks to higher-than-expected quarterly figures. Dollar General posted first-quarter earnings of $ 2.41 per share with revenue of $ 8.75 billion. Analysts had expected a profit of $ 2.31 per share with revenue of $ 8.7 billion, according to the consensus of Refinitiv.
Williams-Sonoma: Home furniture retailer rebounded 14.1% after an increase in revenue and earnings in the previous quarter. Williams-Sonoma also reiterated its focus for the year.
Nutanix: The cloud company fell 21.9% after issuing a weak guide. Nutanix also said it faces supply chain problems that have affected hardware partners.
Medtronic – Medical device shares fell more than 4% after a weaker-than-expected report for the fourth fiscal quarter. Medtronic reported $ 1.52 in adjusted earnings per share with $ 8.90 billion in revenue. Analysts polled by Refinitiv were expecting $ 1.56 per share and $ 8.4 billion in revenue. Medtronic said supply chain problems weighed on quarterly results.
– CNBC Tanaya Macheel, Hannah Miao, Sarah Min and Jesse Pound contributed to the reports