Stock Groups

Nvidia, Kohl’s, Macy’s and more

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Chicago Kohl’s bag is available to shoppers.

Getty Images| Bloomberg | Getty Images

These are the top mid-day traders:

Nvidia — The chip giant saw its shares soaring more than 9% after the company beat earnings and sales expectations for the third quarteR. Nvidia posted adjusted earnings per share (EPS) of $1.17 with revenue of $7.1 million. According to Refinitiv. Analysts had expected revenue of $6.82billion and earnings per share of $1.11. On Thursday, its market cap exceeded $800 million.

Kohl’s — Shares of the retail chain rose 8% after a stronger-than-expected third quarter. On $4.6 billion of revenue, the company posted adjusted earnings per share of $1.65. FactSet polled analysts who expected to see 70 cents per sen and $4.27 trillion in revenues. Kohl’s increased its outlook for full-year earnings and sales.

Macy’s — The retail stock popped 21% after Macy’s third-quarter results beat estimates on the top and bottom lines. The company reported that the gross margin was 41.0% for the quarter, an increase of 35.6% from the previous year.

Cisco Systems — Shares of the technology company dropped more than 7% in midday trading, dragging down the Dow Jones Industrial Average. Cisco Systems released next quarter earnings guidance on Wednesday at the lower end of its estimates. According to Refinitiv the company expected fiscal revenue growth of 4.5% and 6.5% during its fiscal second quarter. This is lower than estimates of 7.4%. Fiscal first-quarter earnings beat expectations but revenue fell short of estimates.

Apple — Shares of the tech giant rose 2.5% and hit an all-time high after Bloomberg NewsAccording to reports, Apple aims to create a car in 2025. According to the report, the company plans for the car to become fully autonomous.

Activision Blizzard — Shares of the video game publisher fell nearly 4% as Activision Blizzard continues to deal with the fallout from a report that its CEO mishandled allegations of sexual misconduct at the company. JPMorgan downgraded Activision Blizzard to neutralIn a note, he advised investors to avoid the stock while the issue is being resolved.

BJ’s Wholesale — The retail stock surged 17% after BJ’s reported third-quarter results that were well ahead of expectations. It reported earnings per share of 91c and revenues of $4.26billion. Refinitiv analysts polled expected 80c earnings per share and $3.92billion in revenue.

JD.com — The U.S.-traded shares of the Chinese e-commerce company rose 6.3% after JD.com’s third-quarter results beat estimates on the top and bottom lines. Net product revenues increased by 23%, while net services revenues grew 43%.

Alibaba — Shares of the Chinese e-commerce giant tanked 9% in midday trading after missing revenue and earnings expectations for the September quarterAs China’s slow economic growth weighed down on the results, regulatory headwinds were also created.

Bath and Body Works, Victoria Secret — The two companies that formerly made up L Brands rose on Thursday following quarterly results. StreetAccount reports that Bath and Body Works shares rose by more than 7 percent after revenues exceeded expectations. Victoria Secret shares rose 16% following a stronger operating margin than anticipated.

CVS — Shares of the drugstore chain rose 2.9% after the company said it will close about 900 stores over the next three yearsSpring 2022 will see this change. CVS announced that they will be focusing more on digital growth, and turning their stores into places of health-care services.

Oatly — The alternative milk stock rose more than 3% after Morgan Stanley upgraded Oatly to overweight. According to the investment company, the stock was priced too low given the high consumer demand.

Petco — The pet retailer saw its shares tumble nearly 11% despite a better-than-expected quarterly report on earnings and revenue. Petco saw its gross margin shrink year-over-year.

This report was co-authored by Maggie Fitzgerald, Yun Li, and CNBC.

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