Trending News

Blog Post


Levi Strauss, FuboTV, Honeywell and extra 

A person wears Levis Strauss & Co. clothes through the firm’s preliminary public providing (IPO) on the New York Inventory Trade (NYSE) in New York, U.S., on Thursday, March 21, 2019.

Jeenah Moon | Bloomberg | Getty Pictures

Try the businesses making headlines in noon buying and selling.

Levi Strauss – Shares of the retailer jumped 5% after the corporate beat top- and bottom-line estimates through the first quarter. Levi’s earned 34 cents per share on an adjusted foundation, whereas reporting $1.31 billion in income. Analysts surveyed by Refinitiv had been anticipating the corporate to earn 25 cents on $1.25 billion in income. The outcomes had been boosted by power in Levi’s digital gross sales, which jumped 41%.

FuboTV – The streaming service jumped greater than 18% after FuboTV received the unique streaming rights to the qualifying matches of the Qatar World Cup 2022. The qualifying matches will characteristic 10 groups within the South American Soccer Confederation.

WD-40 — The inventory tanked 14% after reporting earnings per share of $1.24, 8 cents beneath analyst estimates, in response to Refinitiv. Income additionally missed expectations. The corporate stated provide chain points damage its capability to fulfill buyer demand.

Honeywell – Shares of the conglomerate rose about 2% after Deutsche Financial institution upgraded the inventory to purchase from maintain. Deutsche stated it noticed a horny shopping for alternative after sharp year-to-date underperformance. The financial institution additionally cited engaging end-market exposures, high-quality nature and certain near-term earnings upside.

DraftKings — Shares of the sports activities betting firm popped almost 3% after Jefferies named DraftKings a high decide. The Wall Avenue agency known as DraftKings a “high operator” and chief as states proceed to legalize gaming.

Sogou — The web search firm rose 3.5% on Friday after Reuters reported that China’s antitrust regulators had been ready to approve Tencent’s plan to take the corporate personal. The $3.5 billion deal would permit Tencent to purchase the 60% of Sogou that it would not already personal.

PriceSmart — Shares of the low cost retailer tanked 7% after lacking analyst estimates for its quarterly earnings. PriceSmart stated the pandemic continues to weigh on its enterprise in sure markets. 

Bridgetown Holdings The SPAC backed by billionaire buyers Peter Thiel and Richard Li dropped 7% on information it’s in superior talks to take Indonesia-based journey providers firm Traveloka public, in response to folks conversant in the matter who spoke to Bloomberg. 

Boeing – Shares of the airplane maker fell almost 2% after U.S. airways quickly grounded greater than 60 of the corporate’s 737 MAX jets on Friday. The transfer got here after Boeing requested 16 carriers who function the jet to deal with {an electrical} energy system challenge within the plane.

Okta — The software program firm rose 2.4% after BTIG upgraded the inventory to purchase from impartial. The agency stated in a be aware that there gave the impression to be rising demand for Okta’s buyer id enterprise and that competitors from Microsoft didn’t seem like a near-term risk.

— with reporting from CNBC’s Yun Li, Jesse Pound and Pippa Stevens.

Supply hyperlink

Related posts

Leave a Reply

Required fields are marked *