Check out the companies that make headlines for noon trading.
JP Morgan, Goldman Sachs, Bank of America — Bank stocks led the market recovery as bond yields rebounded on Friday. JP Morgan, Goldman Sachs and Bank of America each rose more than 3% as the Treasury yield rose 7.2 basis points to 1.36% over a 10-year period. Benchmark yields fell to 1.25% on Thursday’s lows, raising concerns about a slowdown.
American Airlines, United Airlines — On Friday, airline stocks rebounded after losses associated with a highly infectious variant of Deltacovid fueled concerns about a resurgence of the global economy. American Airlines, United Airlines, Southwest Airlines And Alaska Airlines Group Everything went up by more than 2%.
Carnival Corporation., Norwegian Cruise Line, Royal Caribbean — On Friday, the share of resume play like cruise operators increased, regaining losses from previous sessions. Carnival rose about 2.3% and Norwegian Cruise Line rose 2.8%. Royal Caribbean rose 3.6%.
Discover financial services — Credit card inventories have since risen 6.2% Citi upgraded and purchased shares From neutral after changing analyst coverage. Citi said, “Discovery has the clearest short-term path to benefit from consumer card spending and loan refunds as pandemic-related benefits expire and payment rates rise back to lower levels. “.
General Motors — General Motors shares subsequently rose 4.8% Wedbush Launches Stock Coverage With an outperform rating and a $ 85 price target. That target means a rise of more than 51% from Thursday’s closing price. “CEO Mary Barra, along with other key executives, has returned the legacy car company to the top of the US automotive industry,” Wedbush’s Dan Ives said in a memo.
Levi Strauss — Levi Strauss shares increased 1.4% after retailers crushed Wall Street expectations Second quarter financial results.. Levi reported adjusted earnings of 23 cents per share for $ 1.28 billion in earnings. According to Refinitiv, analysts expect to generate $ 1.21 billion in revenue and 9 cents per share.
Didi And US-listed Chinese company — Diddy, a stock ride-hailing company, rose 7.3% on Friday, reversing the course from sold out earlier this week. Chinese regulators released cybersecurity review The company looks a few days after Diddy was released on the New York Stock Exchange last week. Stocks traded in the United States by several other Chinese companies also rebounded. Tencent Music Entertainment Group increased 1.5% and Pinduoduo increased 2.1%. Baidu and Alibaba rose by more than 3%.
Virgin Galactic — Space travel agency share has since fallen 6.6% Susquehanna has raised its price target Virgin Galactic’s share price rose from $ 20 to $ 45, but repeated a neutral valuation of the share price, stating that the price was too high and too fast.
Signature bank — New York-based banks rose 6.4% after UBS Repeated the purchase evaluation On top of that, it was partially driven by the company’s “early benefits” in adopting cryptography combined with the reopening of New York City. Signature Banks are known for their friendliness with the cryptocurrency business, which often finds it difficult to secure banking relationships.
Bumble, Match group — Inventories of dating services increased on Friday after RBC Capital Markets launched outperform coverage of both Bumble and Match. The company said in a note to its customers that online dating is still growing significantly. Bumble’s share rose about 6% and Match Group rose 2.8%.
AMC Entertainment — Wall Street analysts lamented the company’s decision not to issue any more shares, causing cinema chain shares to fall 3.7% in the noon transaction. A popular deal among Reddit users and now considered a “meme” share, AMC said, “For shareholders, the big thing is that it doesn’t allow the company to issue more shares at very high prices. I’m making a mistake.Said in Note Released on Friday.
— CNBC’s Maggie Fitzgerald, Jesse Pond, Yun Lee, Tom Frank and Tanayama Seal contributed to the report.
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