Stocks making the biggest moves midday: LW, LEVI, W

105303571 1530293889411french fry delivery 4

105303571 1530293889411french fry delivery 4

Companies in the spotlight during midday trading included Hertz Global, which saw a 4% drop after being downgraded by Goldman Sachs, and Block, which lost nearly 2% following a downgrade by Morgan Stanley. On the positive side, Zeta Global gained 17% after an upgrade by Morgan Stanley, Wayfair added over 3% following an upgrade by Evercore ISI, and Levi Strauss surged 16% after surpassing first-quarter expectations. Conagra Brands climbed 5% after exceeding analysts’ estimates, while Lamb Weston saw a nearly 20% plunge after missing its third-quarter earnings and revenue. Alaska Air Group gained 5% after receiving compensation from Boeing, and Grindr climbed 2.5% after receiving an outperform rating from Raymond James. HubSpot soared nearly 10% on reports of a potential offer from Alphabet. Solventum rose 4.5% after being spun off from 3M, and solar stocks rose as well. Enphase Energy, First Solar, and SolarEdge Technologies all saw gains during the session.

Several companies made headlines in midday trading:

1. Hertz Global saw a 4% drop after being downgraded to sell by Goldman Sachs, citing near-term pressures that investors have not fully priced in.
2. Block, a financial services stock, lost 2% following a downgrade to underweight by Morgan Stanley due to high market penetration and limited additional opportunity.
3. Zeta Global, a software stock, gained 17% after Morgan Stanley upgraded it to overweight, citing positive revisions to valuation and estimates based on near-term catalysts and a strong track record.
4. Wayfair, an e-commerce retailer, added over 3% after an Evercore ISI upgrade to outperform, with the firm predicting market share gains as the home furnishing space recovers.
5. Levi Strauss rallied 16% after exceeding first-quarter expectations and raising its profit guidance for the full year.
6. Conagra Brands climbed 5% after surpassing analysts’ estimates for fiscal third-quarter earnings and revenue.
7. Lamb Weston shares plunged nearly 20% after missing third-quarter earnings and revenue expectations.
8. Alaska Air Group gained 5% after receiving $160 million in compensation from Boeing for the grounding of the 737 Max 9.
9. Grindr, a LGBTQ-focused dating app, rose 2.5% after receiving an outperform rating from Raymond James.
10. HubSpot soared nearly 10% after reports that Alphabet was in talks to make an offer for the marketing software company.
11. Solventum, a health-care stock, rose 4.5% following its spinoff from 3M on Monday.
12. Solar stocks saw a boost as the yield on the 10-year Treasury moved lower, with Enphase Energy, First Solar, and SolarEdge Technologies all rising during the session.

Overall, these companies experienced a mix of gains and losses based on analyst upgrades/downgrades, earnings reports, and market conditions.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top