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Moderna, Robinhood, Boeing and more


Moderna’s sign can be seen at their Cambridge headquarters on March 11, 2021.

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Take a look at the top midday traders.

United Airlines, Boeing — Shares of travel-related stocks dipped after Austria announced earlier in the day that it would reenter a full national lockdown due to a spike in Covid cases. American Airlines dropped 1% while United Airlines lost 3.2%. Boeing fell 4.9%.

Devon Energy, Hess Corporation – The exploration and production companies slid more than 5%, leading the broader energy sector lower, amid a drop in oil prices. Every component in the S&P 500 energy sector traded in the red on Friday, with oil on track for its fourth straight week of losses.

Robinhood — Shares of the brokerage ticked more than 2% lower in midday trading after Deutsche Bank saidThe bank expects Robinhood to see its customer assets and accounts drop once more in the fourth quarter. It also anticipates that Robinhood’s growth will slow down into 2022. Robinhood, Deutsche Bank’s “sell-ide” is a result.

Moderna — Shares of Moderna jumped 5.2% after the Food and Drug Administration authorizedModerna’s and Pfizer’s Covid booster shots are available for all U.S. citizens. PfizerAfter initiation, also the clock ticked up outperform from BMO Capital Markets.

Foot Locker — Shares of the athletic footwear and apparel retailer tanked more than 12% after the company said it expects global supply chain constraints to persist through this quarter. This sell-off comes in spite of a positive outlook on the bottom and top lines at Foot Locker for its most recent quarter as well as higher-than-expected comparable sales.

Applied Materials — Shares of Applied Materials retreated 2.3% after the semiconductor equipment maker missed on quarterly earnings estimates. The adjusted quarterly earnings were $1.94 per shares, which was one cent less than expected. Revenues also fell below Wall Street’s projections. Applied Materials’ current quarter outlook was also weaker than expected due to shortages in supply.

Ross Stores — Ross Stores shares dipped 6% despite an earnings beat. Quarterly earnings for the off-price retailer were $1.09 per shares, which beats the consensus Refinitiv estimate of 78 cents. The retailer noted that there were significant supply chain challenges and uncertainties heading into holiday shopping season.

Workday — Workday shares fell 3.3% despite the software company’s better-than-expected earnings report. Refinitiv estimates that the company will earn $1.10 per share. This is 24cents higher than what Workday reported. Workday indicated that growth will be affected by the Covid-19 epidemic in the following year.

Buckle — Buckle saw its shares retreat more than 5% despite beating Wall Street estimates in its quarterly earnings report. For the quarter, the fashion retailer made $1.26 per shopper. This beat the consensus Refinitiv estimate of $1.92.

Intuit — The business software stock jumped more than 9% after strong growth in online accounting revenue fueled a beat on the top and bottom lines for Intuit’s fiscal first quarter. On $2.01 trillion in revenue, the company posted adjusted earnings of $1.53 each share. Refinitiv surveyed analysts and found that earnings per share were 97cs. Revenue was $1.81 billion.

— CNBC’s Yun Li, Jesse Pound, Maggie Fitzgerald and Tanaya Macheel contributed reporting.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.