At midday, attention is being drawn to a number of companies. Target saw its share prices increase by 4%, despite the company lowering its annual earnings forecast and missing expectations for the second quarter. Sales of $24.77 billion were lower than expected, but inventory improved year-on-year. Coinbase, the U.S. cryptocurrency exchange, was down around 1%, after being given approval by the National Futures Association to operate a futures trading service. TJX Companies, the discount retailer, increased by 4% after performing better than expected for the fiscal second quarter. Coherent, on the other hand, saw its share prices drop 35%, following its announcement of weak guidance for the first quarter. VinFast Auto, the Vietnamese electric vehicle company, dropped 23%, despite its successful debut on the Nasdaq the day before, soaring more than 250%. JD.com, the Chinese e-commerce company, fell by 2%, despite a positive set of results. Keurig Dr Pepper rose 2% after being upgraded to 'buy' from 'neutral' by UBS, while H&R Block soared 10% after raising its dividend. Agilent Technologies, the laboratory technology firm, went down 2.5%, after cutting its full-year guidance due to the soft macroeconomic environment, despite surpassing expectations for the first quarter. Jack Henry & Associates decreased by 8%, forecasting full-year earnings lower than expected. Mercury Systems advanced 6%, despite its underwhelming first-quarter report and future guidance. Cava lost 1%, despite reporting a profit for its first quarter post-IPO. Jack in the Box rose 3.6%, following Loop Capital's reaffirmation of its 'buy' rating. GE HealthCare went up more than 1%, following Wells Fargo's 'overweight' rating, and $90 price target. News Corp and Getty Images improved by 1.3% and 4%, respectively, based on upgrades from Morgan Stanley and Imperial Capital, respectively. Intel, however, was down 1.6% after scrapping its acquisition of Tower Semiconductor, and General Motors lost 1% due to the expiration of the current contract between the UAW and the Big Three automakers by next month.
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