Wednesday, October 20, 2021

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    Netflix, Nike, Southwest Gas, etc.

    Looking through the store window, a Nike employee stands at the front door of the Nike Soho store in New York City.

    Drew Angeler | Getty Images

    Check out the companies that make headlines for trading at noon.

    Facebook, Amazon, Apple, alphabet -Stocks of major tech companies led the market recovery on Tuesday. Facebook’s share price rose 2% after a 5% slide on Monday due to whistleblower claims and a site outage. Amazon was up almost 1%, while Apple was up more than 1%. The alphabet has been added by more than 1.8%.

    Southwest Gas Holdings — The energy company wrote 6.5 after activist investor Carl Icahn wrote a letter to withdraw the potential acquisition of Dominion Energy’s Questar pipeline and focus on improving equity performance. % Soared. The Wall Street Journal reported.

    Marathon oil — Shares of exploration and production companies rose more than 3.5% following rising oil and gas prices. Western When Devon energy It also increased by 3%, Halliburton When Hess Added 1% or more. EOG resource It increased slightly. West Texas Intermediate Crude oil futures, the US oil benchmark, surpassed $ 79 a barrel on Tuesday for the first time since November 2014.

    PepsiCo — Despite rising supply chain costs, PepsiCo’s share price rose nearly 1% after food and beverage companies reported higher-than-expected earnings in the third quarter. PepsiCo reported revenue of $ 1.79 per share, compared to $ 20.19 billion in revenue. According to Refinitiv, analysts forecast revenue of $ 1.73 per share, compared to $ 19.39 billion. The company also raised its full-year forecast.

    Nike, Under armor — After Wedbush launched both coverage, athletic retail stocks each increased by about 1.5%, surpassing the valuation. Banks called both companies “long-term structural winners.” Both are poised to profit in the long run, but the company expects to be affected by short-term volatility.

    Netflix — Netflix’s share increased by more than 5% after Cohen repeatedly outperformed the streaming giant.The company’s regular US survey found Netflix Continue to lead content Among other services.

    DocuSign — After Wedbush Securities analyst Daniel Ives listed the stake as one of his team’s top tech stakes, as the sector’s multi-year rally hasn’t ended yet, the stake in the digital signature company is almost up. Soared 4%.

    Charles Schwab — FCMs have recently confirmed that stock prices have risen 3.6% after Atlantic Equities began reporting as overweight, calling them cheap and creating a “much more sustainable and compound interest source”. He emphasized “a shift focused on asset collection”.

    Bank stocks — Bank stocks rose as the Treasury yield exceeded 1.5% over a 10-year period. Goldman Sachs It increased by almost 3%, Bank of America When Wells Fargo Added more than 2%. Banks tend to benefit from rising interest rates to enable higher margins and profits.

    — CNBC’s Hannah Miao, Yun Li and Pippa Stevens contributed to the report

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    Netflix, Nike, Southwest Gas, etc.

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