Rivian, Allbirds, Humana and more

Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City.

Michael M. Santiago | Getty pictures

Here are the stocks that are making headlines on Wall Street during dinner trading.

Humana – The shares in the insurance share fell more than 1[ads1]0% after Humana issued updated guidance. The company confirmed its full-year earnings guidance for 2021 and reduced its estimate for Medicare Advantage membership growth for 2022.

CrowdStrike – The network security stock rose 6.3% on Thursday after Wells Fargo started covering the company and considered it overweight. The investment company said in a note that CrowdStrike still had strong growth prospects despite the recent battles over the shares.

Allbirds – Shares in the shoe company rose 10% after Morgan Stanley upgraded the stock to overweight from equal weight. The company said that Allbirds’ share now looked cheap after a sharp decline, which brought the shares below the listing from November.

Dick’s Sporting Goods – The dealer’s shares rose 3.5% after Dick’s released updated fourth quarter guidance. The company said it now expects adjusted earnings of between $ 3.45 and $ 3.55 per share. Analysts were expecting $ 2.88 per share, according to FactSets StreetAccount.

Rivian – Shares for EV start-up Rivian fell 6% as the market rotated out of high-growth stocks, despite a bullish call from Bank of America. Bank of America named Rivian one of its top picks for 2022. Amazon, a key supporter of the EV company, announced an agreement with Stellantis on Wednesday, potentially creating further sales pressure for Rivian.

Goldman Sachs – The bank’s shares fell around 1% in midday trading after Bank of America downgraded the stock to neutral from purchases. The Wall Street firm also cut its 12-month price target to $ 475 per share from $ 490 per share. Bank of America is wary of Goldman as they expect tougher revenue growth as a backdrop for capital market operations due to a moderation in trading activity and mergers and acquisitions.

Conagra Brands – The food stock fell 1.6% after Conagra missed the earnings estimates for the second quarter. The company reported 64 cents in adjusted earnings per share, while analysts surveyed by Refinitiv expected 68 cents per share. Conagra said that inflation hurt profit margins.

MGM Resorts – Hotel and casino stock rose 3.2% after Credit Suisse named MGM a top choice for 2022. The company cited positive trends in Las Vegas as a reason to be optimistic about MGM.

Lamb Weston – The shares in the food company rose 10% after Lamb Weston beat the estimates on the top and bottom line for the second accounting quarter. The company reported 50 cents in adjusted earnings per share, compared to 33 cents expected by analysts, according to FactSet’s StreetAccount. Lamb Weston also said that it expected net sales growth for the full year to be above the long-term target range.

Bed Bath & Beyond – Shares of the home goods retailer rose more than 6% even after the company reported disappointing third-quarter financial results with earnings and sales missing analysts’ expectations. CEO Mark Tritton said the lack of inventory due to bottlenecks in the supply chain cost Bed Bath & Beyond around $ 100 million. The company also cut its financial outlook for the year.

Walgreens – Shares in the pharmacy chain fell more than 1% after the company talked about rising labor costs as pharmacists are thinly stretched by administering vaccines and filling out prescriptions. Nevertheless, Walgreen analysts’ expectations of financial earnings beat in the first quarter, when customers came to stores for Covid vaccines and tests. It also raised the forecast for the year.

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