Caterpillar, Under Armor, Molson Coors Brewing and more
Check out the companies that make headlines for dinner Tuesday:
Caterpillar, Deere, Boeing – These global merchants' wholes rose at least 1 percent as Wall Street bet on It increased the likelihood of the trade negotiations between the United States and China, both parties hoping that the new round of negotiations, which began in Beijing on Monday, would bring them closer to a comprehensive trade agreement.
Under Armor – Stocks under armor rose more than 6 percent after the company Athletic apparel maker reported a corrected profit of 9 cents per share in the fourth quarter and beats the consensus rating of 4 cents, revenue also forecasts, and results are helped by higher sales and fewer discounts.
Coty ̵[ads1]1; Coty stock increased more than 14 percent after private equity firm JAB announced an offer to increase its stake in the cosmetics company by 150 million shares. $ 5 per share, and a successful bid will bring its total holdings to just under 451 million shares, or about 60 percent of the company's stock stocks.
Brighthouse Financial – Shares in Brighthouse Financial jumped over 11 percent after the insurance company issued stronger than expected earnings. Quarterly earnings per share came in at $ 1.68 and beat Wall Street consensus at $ 1.54, according to FactSet.
Cisco Systems – Technology Company shares fell early on Tuesday after Morgan Stanley downgraded the stock to equilibrium from obesity, citing a downturn in Cisco's network security business. Cisco shares recovered later in the day and traded flat for the afternoon.
Molson Coors Brewing – Shares in the international brewery fell more than 9 percent on Tuesday after the company reported in the fourth quarter that revenue fell 6 percent from the previous quarter. The company cited this year's rising costs in transport and aluminum for weaker earnings.
Shopify – Shares in the Canadian e-commerce company fell 3.6 percent after issuing adjusted operating guidance well in both the first quarter and the year 2019. This is despite the fact that the company reports better than expected earnings and revenues in the fourth quarter.
CNBC's Nadine El-Bawab, Yun Li, Kate Rooney and Tom Franck contributed to this report.
