A Delta Air Lines A330-300 lands AIA, LGAV/ATH Eleftherios Venizelos, registered N806NW, former Northwest Airlines aircraft, at Athens International Airport.
Nicolas Iconomo | Nurphoto | Getty Images
Check out the companies that make headlines for trading in the afternoon.
BlackRock — The asset management giant’s share rose 3.6% after BlackRock exceeded top-line and bottom-line expectations in the third quarter. The company reported $10.95 per share with revenue of $5.05 billion, fueled by growth in commission revenue. Analysts polled by Refinitiv expected revenue of $4.9 billion and $9.35 per share.
JPMorgan Chase – Shares of JPMorgan fell 2.6% despite higher-than-expected earnings for the bank. Revenue for the largest US banks by assets also exceeded expectations. This year’s inventory has increased by over 26%. Other bank stocks also fell ahead of earnings reports later this week. Bank of America fell more than 1%, Wells Fargo fell 1.9%, and Citigroup fell nearly 1%.
Delta — Delta’s stock fell more than 5% after the company reported its quarterly results. Since the start of the pandemic, the company has posted higher-than-expected revenue and first-quarter profits without even considering federal aid. However, the airlines said rising fuel and other costs would impact earnings in the fourth quarter. Other airlines have also withdrawn. American Airlines took a cut of 3.2% and United Airlines lost about 4%.
Moderna – Vaccine manufacturer’s share increased by more than 4% ahead of the first phase of the Food and Drug Administration, where Moderna decides whether to administer a COVID shot booster dose. Federal agencies will host an advisory board later this week to discuss the issue. On Tuesday, FDA scientists said the data is still enough to protect against serious illness and death in the United States, taking a position on whether it supports booster shots. I refused to take it.
Advanced Micro Tools – Chipmakers added 3.7%, one of the highest growth rates in the S&P 500 on Tuesday. The move comes despite the ongoing global chip shortage and the recent weakness of other chip inventories. Xilinx, which AMD is planning to acquire, also gained 3.7%.
Apple – Apple’s stock price fell more than 1% after Bloomberg reported cutting iPhone production due to a shortage of chips.
Plugpower — Hydrogen fuel cell maker shares rose more than 11% after announcing an air travel and airport decarbonization partnership with aircraft maker Airbus. We plan to make the US airport the first “hydrogen hub” pilot airport.
Vimeo — Video platform companies posted 12% growth after reporting their September monthly metrics, a 33% increase in revenue from the previous year and a 16% increase in average revenue per user. Wells Fargo has also launched equity coverage with an overweight rating.
Monster Beverages — Shares of energy drink maker Monster fell 3.1% after analysts at Jeffrey’s cut the shares from buy to hold, reducing the target price from $113 to $92.
Westrock — Paper and packaging companies posted a price target of $47, down 8%, which is down 3.2% after Trist covered shares with a hold rating.
Sarepta Therapeutics — Biotechnology company Sarepta has fallen more than 11% after announcing a $500 million stake, with less-than-expected guidance from analysts.
— CNBC’s Hannah Miao and Jesse Pound contributed to the report
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BlackRock, Vimeo, Delta, Modern, etc.
Source Link BlackRock, Vimeo, Delta, Modern, etc.
Posts like BlackRock, Vimeo, Delta, Modern first appeared on Texas News Today.