Stock Groups

Kroger, Boeing, Dollar General and more

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An umbrella-wielding shopper walks toward a Kroger Co. supermarket in Louisville Kentucky on Sunday April 26, 2020.

Stacie Scott | Bloomberg | Getty Images

You can see the top companies in Thursday’s midday trading.

Kroger — Shares of Kroger ran up 12.5% after the grocery chain posted a better-than-expected quarterly report. On revenue of $31.86 million, the company posted earnings of 78c per share. Refinitiv reports that analysts had expected to earn a profit at 66 cents on revenues of $31.23 million.

Snowflake — The software stock popped 14% following a stronger than expected third-quarter report. Snowflake reported that it earned $334.4million in revenue for the third quarter. This is an 110% increase year-over-year and more than the Refinitiv forecast at $305.6 million. FactSet also reported that the company’s guidance on product revenues for the fourth quarter of 2022 was higher than expected.

Boeing — Shares of the aircraft maker jumped more than 5% after China’s aviation regulator cleared the Boeing 737 Max to return to flying Thursday. The model was grounded for over two years worldwide after two fatal accidents.

Signet Jewelers — Signet Jewelers saw its shares sink nearly 30% even after a better-than-expected earnings report. Refinitiv’s consensus estimate was $1.43 per Share, which is 71 cents more than what the company earned. Some analysts were concerned that Signet’s continued growth would not be sustainable in the coming year.

Apple — Shares of Apple dipped by 1.5% after Bloomberg reported that the company told some of its suppliers there could be slowing demand for iPhone 13 models. The company had previously predicted that the initial reduction would be achieved in 2022, but it said this may not happen now.

Five Below — The retail stock gained about 2% after a better-than-expected quarterly earnings and sales report. Refinitiv also estimated that Five Below would report a 14.8% rise in comparable-store sales. This beats the 5.3% consensus estimate.

Okta — Shares of Okta added 10.2% after the identity and access management company posted quarterly results. Okta suffered a 7-cent loss per share which was lower than the estimated 24 cents per shareholder loss by analysts according to Refinitiv. Fourth-quarter guidance was also provided by the company above expectations.

Lands’ End — Lands’ End shares sunk 13.2% on the back of lower-than-expected third-quarter revenue. StreetAccount estimated that revenue would be $376 million, but the actual figure was $375.8 million. Lands’ End released fourth-quarter earnings guidance and revenue guidance that was below StreetAccount estimates.

Dollar General — Dollar General shares fell 3.6% despite the company reporting better-than-expected earnings and revenue for the third quarter. Dollar General did however say that same-store sales are expected to fall this fiscal year. Also, the company revealed plans to open 1,000 Popshelf stores, aimed at wealthier suburban shoppers, by the end of the 2025 fiscal year.

Simon Property Group — Shares of mall owner rose 3.1% after Morgan Stanley reiterated its overweight ratingStock. According to the firm, investors are advised to buy Simon’s recent drop and that they could increase their dividend soon.

Ford Motor — Shares of the automaker rose more than 1% after the company said its F-Series pickup will remain America’s best-selling vehicle for a 40th straight year and the industry’s top-selling truck for the 45th consecutive year. Wall Street firm was not behind the rally. Wolfe Research downgraded the stockPeer perform is different from outperform. Wolfe stated that Ford’s shift to cleaner-energy vehicles is sufficient and predicted that the stock’s rise will be slower in 2022. Ford shares are up 127% in the past year.

Uber — Shares of Uber added 5% after UBS initiated coverage of the ride-sharing stock with a buy rating. According to the firm, Uber’s improved mobility and profitability are important.

PVH — The Tommy Hilfiger-parent company saw its shares fall 5.4% after reporting lower-than-expected quarterly sales. Refinitv reports that PVH generated $2.33 Billion in quarterly revenues, while analysts had expected it to earn $2.41 Billion.

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

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