Stock Groups

Dollar Tree, Kraft Heinz, GameStop -Breaking


© Reuters

Sam Boughedda – US equity are on the rise with +2.31% being the top mover. These are the mid-day Movers for Thursday May 26th.

  • Alibaba GroupADR’s, the Chinese ecommerce giant is now up 13.4%. It beat its forecasts regarding revenue. The Covid-related lockdowns that occurred in China helped boost online sales.
  • GameStopStocks of (NYSE:), rose 10% in Thursday trading despite Wedbush’s Underperform rating.
  • Dollar TreeAnalyst consensus estimates were beaten by (NASDAQ:) when the company reported prior to the bell. The discount retailer operator also raised its full year sales outlook sending shares up 19% compared to Wednesday’s close.
  • An additional discount company: Dollar General(NYSE:) Also, the company exceeded its revenue expectations and sent shares higher by 12%. The company also raised its guidance for same-store sales after comparable store sales declined less than expected.
  • Macy’sThe stock of (NYSE:) has increased 12% following the increase in full-year profits expectations by the department store. This is due to retailers having strong apparel demand, with customers returning to work and attending social functions.
  • Baidu Inc(NASDAQ) trades 12% higher Thursday midday, thanks to its artificial intelligence and cloud services.
  • Kraft Heinz CoStocks in (NASDAQ:) have tumbled 7.7% following UBS’ downgrading of the stock to Neutral from Sell at UBS. An analyst Cody Ross reduced the price target for the stock from $40 to $34 because of high inflationary pressures.