Stock Groups

Under Armour, Zillow, Affirm and more


A store in Houston has an Under Armour shoe.

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These are the headline-grabbing companies in midday trading.

Under Armour — The sports equipment company’s shares dropped about 10% as lingering supply chain constraints clouded the firm’s outlook and overshadowed its recent performance. It also said that higher freight expenses would impact profit margins in the months ahead. The stock price fell even though the retailer posted fourth quarter earnings and sales that were higher than analysts expected.

Newell Brands — Shares of the household products maker jumped more than 12% after the company reported better-than-expected earnings and revenue for its most recent quarter and issued an upbeat earnings forecast. Newell earned an adjusted 42c per share in its most recent quarter. This beat analysts’ expectations by 10 cents.

Affirm — Shares of Affirm plunged more than 17% after Jefferies downgraded the “buy now, pay later” stock. The company stated that credit normalization would lead to higher losses, and rise interest rates will put pressure on margins.

Monolithic Power Systems — The semiconductor company’s shares rose about 7.5% after Needham upgraded the stock to a buy, saying it sees a more favorable risk/reward profile following a recent decline in share price. Needham’s target price of $530 for the stock suggests a potential 30% upside.

Zillow Group — Shares of the digital real estate platform soared nearly 18% in midday trading after reporting a smaller-than-expected loss for the fourth quarter. Zillow exceeded revenue estimates. These results were achieved despite a $881 million loss in its home-flipping operation.

Expedia — The travel services company’s shares added about 1% after quarterly earnings beat analysts’ estimates, while revenue for the period missed forecasts slightly. Expedia claimed that Covid-related problems had a large impact on bookings, however they weren’t as serious or long lasting as the previous wave of pandemics.

GoDaddy — Web hosting company GoDaddy saw shares jump nearly 10% after it reported quarterly earnings and revenue that beat Wall Street forecasts and announced a $3 billion share repurchase program. GoDaddy’s adjusted earnings for the quarter were 52 cents per share. This beat estimates by 11cents.

Yelp — The company behind the online review site gained more than 8% after it reported quarterly earnings of 30 cents per share, which more than doubled analysts’ expectations of 14 cents per share. Yelp saw a rise in revenue due to its strong advertising business.

Regeneron — The pharmaceutical company saw its shares rise more than 3% after announcing an eye-injection treatmentThe second phase has been completed for patients suffering from wet age-related macul degeneration. Regeneron has released the final results of the trial.

Energy stocks — OilAnd energy stocks gained on Friday as oil prices rose, after the International Energy Agency said oil markets were tight. Coterra Energy and Phillips 66More than 3% rose. Occidental, Hess HalliburtonEach one was more than 2%

 — CNBC’s Maggie Fitzgerald, Yun Li and Hannah Miao contributed reporting