Stock Groups

MoneyGram, Constellation Brands, Marriott and more


MoneyGram’s logo was seen at San Ramon in California on March 26, 2019,

Smith Collection | Gado | Getty Images

Take a look at the top midday traders.

MoneyGram International Following the announcement that Madison Dearborn Partners, a private equity firm, will purchase MoneyGram for approximately $1.8 billion in cash, shares of the global remittance business surged almost 19%.

Fidelity National Information Financial services technology firm FIS fell more than 8% and was one of the top decliners in the S&P 500 after reporting results for the most recent quarter. The revenue came in at $3.67 Billion, which is lower than the FactSet estimate of $3.71 Billion. The current-quarter earnings as well as revenue guidance were below expectations.

Constellation Brands Following a Bloomberg News report, the shares of Monster Beverage fell almost 4%. The Bloomberg News report said that talks regarding a merger are moving forward and that a deal between the companies could be made within weeks. Monster shares rose slightly.

Arista Networks After the quarterly earnings report of software company, 82 cents per shares (which was 9 cents more than analyst estimates), share prices jumped by 7%. It also announced a revenue increase and issued a positive forecast.

Marriott International After Marriott’s fourth quarter results beat expectations, shares rose by 5%. One reason for the increase in international travel’s recovery was to give rise to $1.30 per share in adjusted earnings. Refinitiv polled analysts to find 99 cents earnings per share on revenue of $3.96 Billion.

Avis Budget Group Even though it reported a higher-than-expected profit for the quarter, and saw increases in rental activity as well as revenue per day to offset its increased expenses, Avis’ shares fell more than 11%. Avis reported a quarter-end profit of $7.08 per Share, which beats the Refinitiv estimate for $6.15 per Share.

General Electric The shares of this industrial conglomerate increased by about 4% following the Bank of America reiterated its buy ratingOn Tuesday, GE said that it is making progress towards reducing legacy issues and the stock will continue to rise. These include normal pension levels, the elimination of factoring repayments, decreased long-term care risk, decreasing corporate costs, and decreased cash restructuring.

Airbnb KeyBanc saw the stock rise more than 3% reiterated its overweight ratingThe company’s earnings report will be released Tuesday afternoon. KeyBanc analysts stated that while there are some risks to bookings growth in the near term due to omicron headwinds but they believe the pent-up demand from U.S. and International travel could lead to additional revenue and EBITDA upside for 2022E.

Restaurant Brands International After the acquisition, the shares of the restaurant owner increased by 3% reported its most recent quarterly results. Earnings were 74c per share which beat expectations by 4 cents. It also achieved a revenue increase. A beat was also recorded in similar-store sales by Burger King.

Oil stocks The shares of oil companies fell Tuesday the most as oil prices plunged from their 7-year peak. It was triggered by a report that showed tensions between Russia, Ukraine and Russia were easing. Occidental fell 3%. and Marathon, Diamondback Devon EnergyAbout 2% of the original amount was lost.

 — CNBC’s Hannah Miao and Jesse Pound contributed reporting