Business & Investment

Tesla, Zoom, Hasbro, Philips, etc.

Zoom founder Eric Yuan will speak before the Nasdaq Opening Bell Ceremony on April 18, 2019 in New York City.

Bettencourt | Getty Images

Check out the companies that make headlines for noon trading.

Hasbro — The share of toy makers has since skyrocketed by more than 12% Hit the top and bottom lines Of the results for that quarter. According to Refinitiv, Hasbro reported a profit of $ 1.05 per share, 58 cents above the estimate. Revenue was $ 1.32 billion, compared to Street’s forecast of $ 1.16 billion.

Tesla — Tesla’s share price rose 3.4% at noon, ahead of the electric car maker’s second-quarter earnings report. Analysts are expecting Key insights into the company’s operations in China, Bitcoin holdings, fully autonomous driving capabilities, and new manufacturing facilities in Germany and Texas.

Lockheed Martin — Defense industry contractors have confirmed that their shares have fallen by more than 3% after reporting a quarterly profit of $ 6.52 per share. Revenue is above the estimate, but one cent below the analyst’s estimate. The revenue report also included a fee of 61 cents related to performance issues with sensitive programs.

Zoom video — After Bank of American picked Zoom Video as the top pick, video conferencing company share surged 3.7% on Monday.The company said in a note to its customers: Zoom’s acquisition of Five9 was a “game changer.” In the field of corporate communication.

Loews — The stock price of the renovation company said it fell 1.7% after Wedbush downgraded from outperform to neutral. The tailwind is slow.. “We expect a clearer picture of the recession’s leading indicators this quarter, supported by comments from major suppliers,” said Wedbush analysts.

Six Flags – Six Flags shares have since risen about 3.6% Wedbush has been upgraded Stocks from a neutral valuation to a valuation that exceeds the valuation. The company called Six Flags a “convincing” reopening play. “SIX represents an interesting combination of massive underperformance during the pandemic process, manageable resumption headwinds, and an important but realistic post-pandemic margin enhancement story,” the company said. ..

gap – Retailer share has since risen 2.3% Deutsche Bank has upgraded its shares For purchase evaluation. According to the company, the gap is “recovered with improved profitability.” Deutsche Bank’s share price target is $ 42, 44% above Friday’s closing price.

PerkinElmer – PerkinElmer’s stake increased by more than 3% after life sciences companies announced that they would acquire antibody and reagent provider BioLegend. The transaction is worth about $ 5.25 billion in cash and stock.PerkinElmer Press release The deal will be the largest in the history of the company.

Philips – Philips shares fell about 4.2% despite company reports Earnings higher than expected In the second quarter. Dutch medical technology Respirator and ventilator recall..

Checkpoint — Software company stocks fell 3.2%, despite reporting better-than-expected earnings and earnings before Bell. Checkpoint reported a return of $ 1.61 per share with revenue of $ 526 million. According to Refinitiv, Wall Street estimates revenue of $ 1.56 against $ 524 million.

Didi — China’s ride-hailing company’s share price stabilized on Monday, dropping more than 2%. Stock prices have fallen more than 20% on Thursday and Friday, down about 50% since July 1, as China cracks down on tech companies. on Monday, Atlantic Equity Downgraded Shares to NeutralSaid that stocks are likely to remain volatile for the rest of the year.

TAL education — TAL Education’s share price is on Friday Chinese government crackdown on education and training institutions It included a ban on foreign investment. Stock prices fell about 17% in the noon transaction. Goldman Sachs downgraded With shares to a neutral valuation Bank of America double downgrade The stock price will be underperformed. Both companies cited regulatory uncertainty in Chinese education companies.

Tencent Music Entertainment – China-based music platform share fell by about 4.5% after Chinese regulators ordered the company to terminate its exclusive music licensing agreement with global record labels within 30 days. Tencent Music has also been fined over $ 77,000 by Chinese antitrust authorities. Stock prices fell more than 30% this month.

— CNBC’s Maggie Fitzgerald, Pippa Stevens, Jesse Pond, Tanayama Seal, and Yun Lee contributed to the report.

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Tesla, Zoom, Hasbro, Philips, etc.

https://www.cnbc.com/2021/07/26/stocks-making-the-biggest-moves-midday-tesla-zoom-hasbro-philips-and-more.html Tesla, Zoom, Hasbro, Philips, etc.

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