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Home / Business / Stocks making the biggest draws dinner: Apple, RH, GameStop, Zscaler

Stocks making the biggest draws dinner: Apple, RH, GameStop, Zscaler



Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening hours of August 15, 2019 in New York City.

Drew Angerer | Getty Images

Check out companies that exceed afternoon trading:

Apple – Shares of Apple climbed 2.5% while Wall Street analysts are cheering on surprisingly low prices for the new iPhone and streaming services. The tech giant unveiled three new iPhones on Tuesday along with a new Apple Watch and a TV subscription service. Bank of America analyst Wamsi Mohan called the pricing "compelling," while Barclays analyst Tim Long said "lower rates are the most important surprise."

RH ̵

1; Shares in RH jumped 5.4% after the home furniture retailer posted better-than-expected earnings. RH reported adjusted quarterly earnings of $ 3.20 per share, well above the consensus estimate of $ 2.70. The company's second-quarter revenues also beat the projections.

Dave & Buster & # 39; s Entertainment – Shares of Dave & Buster & # 39; s tanked more than 5% after the sports bar and arcade company has been the he-year guide citing a "competitive environment." The company also said same-store sales are expected to decline 4% to 5% during the second half of the year.

GameStop – Shares of GameStop fell more than 11% after the video game retailer reported disappointing results for the second quarter. GameStop lost adjusted 32 cents per share for the second quarter, wider than the 21 cents loss expected by Wall Street analysts. The video game retailer also saw revenue come below forecasts, and it also cut sales forecast.

Zscaler – Shares of Zscaler plunged by 23% after the cybersecurity company cut its earnings outlook for the next fiscal year. The company said it expects to add adjusted earnings of between 12 cents and 15 cents per share next year, below analysts' estimate of 19 cents per share.

Callaway Golf – Shares of Callaway Golf rose 3% after an analyst at Raymond James upgraded the manufacturer of golf equipment to outperform market performance. The analyst said the stock does not "fully reflect" Callaway's 14% stake in TopGolf, adding that it is "overly penalized for the recent acquisition of Jack Wolfskin, which shifts the health of the portfolio balance."

Micron – The chipmaker's shares rose more than 2% after an analyst at Longbow upgraded it to buy from neutral, citing the improvement of basic conditions in the memory and flash storage markets.

Costco – Shares to big box retailer Costco fell 1.5% after a downgrade to perform from Oppenheimer's outsourcing. The company cited a record valuation for a stock that has risen almost 45% since January. Oppenheimer raised its price target to $ 300 from $ 295 as the stock traded above the price target.

—CNBC's Maggie Fitzgerald and Fred Imbert contributed reporting.


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