An employee brought a TV to a customer’s car at the Best Buy store in Orlando, Florida.
Paul Hennessy | SOPA Images | LightRocket | Getty Images
Check out the companies that make headlines for trading at noon.
Energy Stocks – Monday’s S & P 500 was led by energy stocks as oil prices rose amid supply concerns due to a recovery in demand as pandemics around the world began to ease. Cimarex, Cabot, Diamond back When Marathon oil It increased by more than 6%. Western Added 7% or more. Halliburton It wasn’t too late with an increase of over 5%.
Financial Equities – At some point on Monday morning, benchmark 10-year Treasury yields exceeded 1.5%, so financial institution stocks also rose. Lincoln National When M & T Bank Increased by more than 5% MetLife It increased by about 4%. State street Added 3% or more. Bank stocks tend to benefit from rising interest rates because they allow for higher margins and profits.
Best buy – Best Buy’s share surged 4.8% after Piper Sandler Raised the price target Shares go from $ 146 to $ 150 per share. The new forecast means a 43.2% rise from the closing price of Friday’s best buy. Piper Sandler calls Best Buy “one of our top ideas in the press” and Best Buy’s new membership program is “one of the most interesting initiatives BBY has launched in more than five years.” Said that.
Altice – Broadband and video company shares fell by more than 6% after Credit Suisse downgraded to Outperform to Neutral.. The Wall Street company said Altice could experience short-term adverse effects from its aggressive fiber-building strategy.
Carnival Corporation. – Cruise line operator share surged 4.7% after the company issued Friday’s bright business update.. “The voyage is already positive in cash flow,” Carnival said, and we expect the positive trend to continue. The company reported a US GAAP net loss of $ 2.8 billion and an adjusted net loss of $ 2 billion in the third quarter of 2021.
Vaccine Makers – Covid-19 Vaccine Makers declined as Singapore reported daily records for Covid cases and recorded five new daily highs in the past week. The two major vaccines used in Singapore are BioNTech and Moderna, developed by Pfizer.Pfizer is almost flat on Monday BioNTech When Modana It decreased by 6.8% and 4.7%, respectively. Novavax Also, it decreased by more than 7%, Cureback I lost more than 3%.
Acceleron Pharma – Acceleron’s share price surged 4.8% after Bloomberg reported on Friday that it was in talks to be acquired by an unnamed major pharmaceutical company for about $ 180 per share. Bristol Myers SquibbAlready owning a 11.5% stake in Acceleron, is reported to be one of the potential candidates under consideration.
— CNBC’s Hannah Miao, Maggie Fitzgerald and Yun Li contributed to the report
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Best Buy, Altice, Occidental, Moderna, etc.
Source link Best Buy, Altice, Occidental, Moderna, etc.