Stock Groups

Disney, State Street, Occidental and more


The Magic Kingdom Park at Walt Disney World Resort hosts a stunning fireworks show on July 1, 2021 in Lake Buena Vista. This is.

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Take a look at the top midday traders.

Occidental Petroleum — Shares of the energy company gained 5.7% after Truist upgraded the stock to a buy ratingBased on an anticipated jump in shareholder returns. Also, the firm raised the target for the stock from $35 to 50 dollars. This forecast implies that there will be a near 60% gain over Friday’s closing prices. APA Diamondback EnergyIn the meantime, and rose by more than 3.2%, respectively, due to West Texas Intermediate crude futures. The benchmark U.S.-oil oil contract, which rose Monday to its highest level for seven years.

Zillow — The real estate stock dropped 9% after Zillow announced that it would not sign any new contracts to buy homesThrough the end of 2011, “due to an backlog in renovations, and operational capacity limitations,” the company reported. According to a press release by the CEO, labor and supply problems were the main reasons for the backlog.

Walt Disney — Shares of the media giant ticked 3.1% lower in midday trading after Barclays downgradedDisney will equalize weight with overweight. According to Wall Street, the slowdown in Disney+ subscriber growth was cited by Disney. However, Disney’s long-term goals for subscribers seemed optimistic.

Albertsons — Albertsons shares rose more than 3% after the supermarket chain’s quarterly earnings report beat Wall Street’s expectations. According to StreetAccount, the company earned 64 cents per share from revenue of $16.51 million, while it expected 45 cents on revenue at $15.86 billion. Albertsons increased its quarterly dividend 20%.

Biogen — Shares of the drugmaker fell 3.6% in midday trading after announcing its late-stage trial of an experiment ALS treatment did not reach its primary goal.

State Street — State Street shares added more than 4% after the financial services firm’s third-quarter earnings beat expectations. StreetAccount reports that the company reported adjusted earnings of $2 pershare, compared to $1.92 pershare expected. The revenue also exceeded projections. State Street announced that its share-buyback program would be resumed in the second quarter, 2022.

Virgin Galactic — Shares of Virgin Galactic fell 1.5%, continuing a slide from Friday, after UBS downgraded the stockSell from neutral It was then downgraded. Virgin’s announcement last weekIt was delaying the next flight launch to 2022.

Philips — Shares of Philips fell 1.5% after the Dutch medical technology company reported lower-than-expected quarterly revenue. Philips also decreased its profits and sales forecast for the entire year due to ongoing supply chain issues.

Stellantis — Shares of Stellantis retreated 1.9% after the automaker announced it would form a joint venture with battery marker LG Energy Solution to produce battery cells and modules for North America. Stellantis’ plants would receive the batteries in America, Canada and Mexico.

Revance Therapeutics — Shares of Revance Therapeutics plunged 41.3% after the U.S. Food and Drug Administration late last week declined to approve the biotechnology company’s frown line treatment. It was seen as a potential rival to Botox.

NetApp — Shares of NetApp fell 3.8% after Goldman downgraded the cloud computing stock to a sell from neutral. Goldman also lowered its price target for NetApp to $81 per Share, down from $85.

CDW — CDW shares rose 4.4% after the technology company announced it would acquire Sirius Computer Solutions for $2.5 billion in cash.

Medtronic — Shares of Medtronic fell 4.9% after the company provided an update on a clinical study of its Symplicity Renal Denervation System to lower blood pressure. Medtronic stated that the independent safety monitoring board of the study did not recommend stopping the trial.

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