CFO  News Hubb
Advertisement
  • Home
  • CFO News
  • Financial Advisor
  • Financial Planning
  • Markets News
  • Economics
  • Contact
No Result
View All Result
  • Home
  • CFO News
  • Financial Advisor
  • Financial Planning
  • Markets News
  • Economics
  • Contact
No Result
View All Result
CFO  News Hubb
No Result
View All Result
Home Markets News

Apple, Chevron, Bilibili, Hibbett & more

by admin
November 29, 2022
in Markets News
Apple, Chevron, Bilibili, Hibbett & more


Silhouette of a mobile user seen next to a screen projection of the Apple logo in this picture illustration taken March 28, 2018.

Dado Ruvic | Reuters

Check out the companies making headlines in midday trading Tuesday.

Bilibili — Shares surged more than 21% after Bilibili posted better-than-expected earnings and revenue. The Chinese internet company’s daily and monthly active users rose 25% from the prior year.

Hibbett — Shares of Hibbett dropped more than 9% after the company posted a disappointing profit for the third quarter. The sporting goods retailer said higher expenses cut into its profit margins.

JD.com — Shares of U.S.-listed Chinese internet companies rose as a group after Chinese health authorities reported an improvement in recent senior vaccination rates. Shares of JD.com were up 7.9%. Pinduoduo and Baidu climbed 6.4% and 5.7%.

HSBC — The stock jumped more than 4% after HSBC said it would sell its Canadian unit to the Royal Bank of Canada for $10.1 billion.

Apple — Shares of Apple fell 1.8% as investors remained concerned over risks to the tech company’s supply chain amid Covid unrest in China.

23andMe — Shares rose more than 4% after Berenberg initiated coverage of 23andMe with a buy rating, saying that the DNA testing company has a “next-generation” platform. The firm’s $7 price target implies the biotech stock could surge more than 100% from here.

United Parcel Service — The transport stock added 2.2% following an upgrade to buy from hold by Deutsche Bank. The bank said macro concerns are already priced into shares.

Chevron — The energy stock rose more than 1% as oil prices rebounded from Monday’s sell-off. U.S. West Texas Intermediate crude futures briefly climbed $2 a barrel. Earlier this week, Chevron received permission to resume pumping Venezuelan oil for the first time in years.

Wynn Resorts, Las Vegas Sands — Shares of casino operators Wynn Resorts and Las Vegas Sands jumped 2.6% and 1.8% respectively on news that China has given new licenses to operators in Macao so that they can keep operating amid the government’s zero Covid policy.

Darden Restaurants — Shares of Olive Garden’s parent company slipped roughly 1% following a downgrade to neutral from Baird. The firm said the “risk/reward looks more balanced” for Darden Restaurants following the stock’s recent outperformance.

— CNBC’s Michelle Fox, Yun Li, Carmen Reinicke and Samantha Subin contributed reporting



Source link

Previous Post

Consumer Expectations Remained at Recessionary Levels in November

Next Post

Meet Kevin, the ETF – WSJ

TRENDING

Intel, Chevron, American Express, Silvergate and more
Markets News

Intel, Chevron, American Express, Silvergate and more

January 28, 2023
Economics

Four Ways to Get What You Want

January 28, 2023
Economics

Links 1/28/2023 | naked capitalism

January 28, 2023
CFO News

The Outlook for Diesel: Supply Woes Aren’t Going Away Soon

January 28, 2023
Financial Advisor

Ukraine Belongs in NATO – WSJ

January 28, 2023

© 2022 CFO News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • CFO News
  • Financial Advisor
  • Financial Planning
  • Markets News
  • Economics
  • Contact

Newsletter Sign Up

No Result
View All Result
  • Home
  • CFO News
  • Financial Advisor
  • Financial Planning
  • Markets News
  • Economics
  • Contact

© 2022 CFO News Hubb All rights reserved.