Connect with us

Hi, what are you looking for?

Uncategorized

Midday movers: Walmart, CVS Health, Wolfspeed and more

© Reuters

Investing.com — U.S. stocks were flat around midday on Thursday after a spate of retail earnings reports and the Federal Reserve’s minutes from its July policy meeting.

Here are some of the biggest U.S. stock movers today:

  • Walmart (NYSE:) stock was down 1.8% despite raising its full-year forecast as sharp online growth fueled strong quarterly sales. However, the world’s largest retailer also sounded a cautious note, warning consumers could still see a hit to their spending power in the coming year to 18 months.
  • CVS (NYSE:) stock was down 9% following reports that Blue Shield of California announced it will no longer be using CVS Health’s Caremark, its current pharmacy-benefit manager.
  • Wolfspeed (NYSE:) stock slumped 16.4% after the EV chipmaker said its next loss would be more than previously expected, issuing disappointing future guidance.
  • Cisco Systems (NASDAQ:) stock rose 4% after the networking equipment maker’s chief executive, Chuck Robbins, talked up market share wins and artificial intelligence opportunities.

  • Hawaiian Electric (NYSE:) stock fell 15% with the ongoing wildfires on Maui island likely to be expensive in terms of replacing infrastructure.
  • Ball (NYSE:) stock rose 3% after BAE Systems (LON:) agreed to buy the packaging and aerospace manufacturing company’s aerospace assets for about $5.55 billion.

  • Stellantis (NYSE:) stock fell 0.1% after the automaker said it would invest more than $100 million in California’s Controlled Thermal Resources, its latest bet on the direct lithium extraction sector.

  • America Movil (NYSE:) stock rose 3.9% after Citigroup upgraded its stance on the Mexico-based telecommunications company to ‘buy’ from ‘neutral’, citing its valuation after a recent pullback.
  • Tapestry (NYSE:) stock rose 0.5% after the Coach parent forecast fiscal 2024 profit below estimates and reported lower-than-expected quarterly sales on Thursday, as demand for its luxury handbags and accessories slows down.

Peter Nurse contributed to this report

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Indien jou wilt, heef Plinko-online.nl een uitgebreid artikel pennen afgelopen pastoor jouw kunt verkrijgen bij Plinko. Zodra het basketbal waarderen het Plinko-acteerprestatie zijn gelanceerd,...

Uncategorized

Content ¿Hay tragamonedas regalado que hay disponibles alrededor ipad? Referencia general desplazándolo hacia el pelo prestaciones Tragamonedas regalado vs. tragamonedas con manga larga recursos...

Uncategorized

Content Animations, Graphics, and you can Sound effects: new online casino ideal Mention Ancient Egypt OLG.ca are a lotto and you will gambling webpages...

Uncategorized

Content Casinos qua schneller Ausschüttung 2025: Unsrige Topliste Die Auszahlungen boche Verbunden Casinos kollationieren Schlusswort – sichere Auszahlungen in Sekundenschnelle Unser einzig logische Ausschüttung...