Displays outdoors the Nasdaq MarketSite are pictured as relationship app operator Bumble Inc. (BMBL) made its debut on the Nasdaq inventory alternate in the course of the firm’s IPO in New York City, New York, U.S., February 11, 2021.
Mike Segar | Reuters
Check out the businesses making headlines in noon buying and selling Monday.
Boeing — Shares of the airplane maker rallied 6.1% after CNBC reported the Federal Aviation Administration has authorized inspection protocol revisions that ought to enable the jet maker to renew deliveries of its 787 Dreamliner. Separately, Boeing protection employees will vote on a brand new proposed labor settlement on Wednesday, aiming to avert a strike.
Target — The retail inventory rose 1.3% after Wells Fargo upgraded Target to chubby from equal weight. The agency stated traders are too down on the inventory, which it considers a “proven share gainer.”
PerkinElmer — Shares of PerkinElmer jumped 5% after the diagnostics and life sciences firm reported better-than-expected gross sales and revenue for the second quarter. It additionally introduced plans to divest a few of its non-core items to the non-public fairness agency New Mountain Capital for $2.45 billion in money.
Advanced Micro Devices — Several semiconductor shares surged, with Advanced Micro Devices gaining 2.5%. Shares of Micron Technology gained 1.1%, Nvidia rose 1.5%, and Intel superior 1.8%.
Global Payments — Shares of the monetary know-how firm rose 4.6% after a better-than-expected quarterly report. Global Payments reported $2.36 in adjusted earnings per share on $2.28 billion of income. Analysts surveyed by Refinitiv had penciled in $2.34 in earnings per share on $2.07 billion of income. Global Payments additionally introduced a deal to purchase EVO Payments for $34 per share.
Colgate-Palmolive — The shopper merchandise firm gained 3% following a Wells Fargo improve to equal weight from underweight. The agency stated Colgate-Palmolive’s backside line may present indicators of enchancment going ahead.
Nio — Shares superior 2.3% after the Chinese electrical car firm and its rival Li Auto all reported a rise in July automobile deliveries. Li Auto surged 3.8%.
Check Point Software Technologies — Shares fell 4.5% after the cybersecurity agency reported disappointing billings income. Billings got here in at $570.6 million, under a StreetAccount estimate of $578.3 million. That overshadowed better-than-expected earnings and income for the earlier quarter.
Bumble — The relationship app firm’s inventory slipped 5.2% on the again of a downgrade from Jefferies to a maintain, citing a decline in paying subscribers going ahead.
Jacobs Engineering Group — Shares declined 5.7% after the worldwide technical skilled companies agency reported calendar second quarter earnings. Jacobs lowered steering for fiscal yr 2022, citing international foreign money translation changes, regardless of in any other case surpassing expectations in its report.
— CNBC’s Yun Li, Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting
