The Carnival Cruise Line, Carnival Vista, will head to the sea on June 2, 2018, at the entrance to the Port of Miami, known as the Government Cut in Miami, Florida.
Lornawise | AFP | Getty Images
Check out the companies that make headlines for trading at noon.
Carnival — Carnival’s share rose 4% after Cruise Line expected third-quarter voyages to have positive cash flow and this would continue. Norwegian Cruise Line shares rose 3.2% and Royal Caribbean rose 3%.
Match Group — Match Group shares rose 3.6% after the online dating platform announced Thursday that it would sell its shares in common stock through a direct offer registered. According to the company, the price per share and the number of common shares issued are calculated by the volume-weighted average price during the five-day average period starting on Friday.
Merck-Pharmaceutical giants gained 1.2% share on Friday after Merck and AstraZeneca announced that treatment with lymphulza had a positive result in a phase 3 trial. The results of the trial suggest that treatment tends to slow the progression of prostate cancer and increase survival, the two companies said.
Nike — Apparel inventories fell by more than 6% after Nike reduced its year-round guidance for sales growth. According to the company, Vietnam’s supply chain problems are slowing sales. Nike is currently forecasting mid-single digit revenue growth for fiscal year 2022. This is a decrease from previous guidance on low-double-digit growth.
Costco — Following Costco’s fourth-quarter performance, retailers’ share has skyrocketed by more than 2%. The company surpassed top-line and bottom-line estimates during the quarter, earning $ 3.90 per share, excluding the $ 62.68 billion revenue item. Analysts surveyed by Refinitiv expected revenue of $ 61.3 billion and $ 3.57 per share.
Salesforce — Salesforce expanded Thursday’s rise, up 2.2% after Piper Sandler upgraded its stake from neutral to overweight. The company is confident that it can expect “multiple profit growth over multiple years.” Stock prices soared on Thursday after software companies raised their full-year 2022 earnings forecasts.
Coinbase — Cryptocurrency exchange stocks fell about 1.6% even after Needam repeatedly stocked as buys. Cryptocurrencies plunged Friday morning with news that China was issuing yet another crypto crackdown. According to Needam, Coinbase derives 90% of its revenue from retail transactions, which is highly correlated with the price of crypto assets, so stock prices tend to be linked to cryptocurrencies.
The Cheesecake Factory, Dave & Busters — After Jeffreys upgraded the restaurant inventory and purchased from hold, The Cheesecake Factory and Dave & Busters added 4.4% and 5.2%, respectively. “After delta / inflation sold out and flooded consensus forecasts dominated, we’re gradually becoming more positive in the full-service category,” Jeffreys said.
Roku — Roku’s share fell 3.8% after Wells Fargo downgraded its video streaming platform from overweight to comparable weight. Wells Fargo said intensifying competition could put too high expectations on Roku’s earnings growth.
— CNBC’s Jesse Pound, Pippa Stevens and Tanaya Macchel contributed to the report
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Carnival, Nike, Match, etc.
Source link Carnival, Nike, Match, etc.