Check out the companies that make headlines for trading in the afternoon.
Facebook, Amazon, Apple-shares of major tech companies helped the market recover on Tuesday. Facebook’s share price rose 2.5% on Monday after falling 5% on Monday due to whistleblower claims and a site outage. Amazon was up 2%, while Apple was up more than 1%. The alphabet has been added more than 2%.
Southwest Gas Holdings — The energy company wrote to activist investor Carl Icahn to back a potential acquisition of Dominion Energy’s Questar pipeline and focus on improving equity performance, a nearly 6% increase. , the Wall Street Journal reported.
Marathon Oil — Shares of exploration and production companies rose more than 2% after rising oil and gas prices. Occidental also rose 1.8%, but EOG Resources, Devon Energy, Halliburton and Hayes all rose. US oil benchmark West Texas Intermediate crude oil futures rose above $79 a barrel on Tuesday for the first time since November 2014.
PepsiCo — Despite higher supply chain costs, PepsiCo shares rose more than 1% as the food and beverage companies reported higher-than-expected third-quarter earnings. PepsiCo reported revenue of $1.79 per share, compared to revenue of $20.19 billion. Analysts forecast revenue of $1.73 per share, compared to $19.39 billion, according to Refinitiv. The company also raised its full-year forecast.
Athletic retail shares rose more than 2% each after Nike, Under Armor — Wedbush began covering both with outperform ratings. Banks called both companies “long-term structural winners”. Both are headed for gains in the long run, but the company is expected to be hit by short-term volatility.
Netflix — Netflix’s share jumped more than 4% after Cohen repeatedly outperformed the streaming giant. According to the company’s regular US survey, Netflix continues to lead the way in content, among other services.
DocuSign – Daniel Ives, an analyst at Wedbush Securities, listed the stake as one of his team’s top tech bets, as the multi-year rally in the sector is yet to end, with stake in the electronic signature company rising higher Is. more than 3%.
Charles Schwab – FCM has confirmed that shares are up 3.5% after Atlantic Equities began reporting them as overweight, calling them cheap and emphasizing a recent “asset collection-focused shift”. “”
Bank stocks – Bank stocks edged higher as Treasury yields rose over 1.5% over the 10-year period. Goldman Sachs gained about 3% and Bank of America and Wells Fargo gained more than 2%. Banks benefit from rising interest rates to enable higher margins and profits.
— CNBC’s Hannah Miao, Yun Lee and Pippa Stevens contributed to the report
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