Stocks making the biggest moves noon: American Airlines, Halliburton, RH, AMC & more

Check out the firms making headlines noon Monday:

Halliburton — Shares of the oil discipline producer popped 2% after the firm reported better-than-expected earnings for the earlier quarter. Halliburton earned 11 cents per share, topping a Refinitiv estimate eight cents per share. Revenue, nonetheless, missed analyst expectations.

American Airlines — American Airlines shares rose more than 2% on information the airline is planning to renew flights with Boeing’s 737 Max jet in December. The plan is pending recertification of the plane by the Federal Aviation Administration.

FedEx, UPS — FedEx and UPS rose 2.2% and 1%, respectively, after The Wall Street Journal reported the two firms have instructed their shippers that their vacation delivery capability is sort of at its restrict.

CVS — Shares of the drug retailer and pharmacy firm ticked up 1% after CVS mentioned it’s planning to rent 15,000 workers to arrange for an anticipated rise in Covid-19 and flu circumstances all through the fall and winter. More than half of the new staff shall be full-time and part-time licensed pharmacy technicians who will be capable to administer coronavirus exams.

AMC — The movie show inventory soared more than 22% after New York Gov. Andrew Cuomo introduced that theaters in most of New York may reopen on Oct. 23. The new regulation doesn’t embody New York City. AMC CEO Adam Aron instructed CNBC that the transfer was “a monumental step forward” for the business.

VF Corp — Shares of VF Corp slipped 1% after Bank of America downgraded the inventory to underweight from impartial. The agency mentioned in a be aware that weak point for the Van’s footwear model would seemingly harm the inventory.

RH — An analyst at Jefferies initiated protection of the home-furnishing firm with an underperform score, noting: “Management’s pursuit of the ‘path less traveled’ has largely worked the past few years, but we see inherent execution risk in the go-forward strategy.”

American Equity Investment Life – Shares dropped more than 16% after the life insurance coverage firm introduced a partnership with Brookfield Asset Management for the reinsurance of $5 billion of current liabilities. Brookfield will purchase a 19.9% possession curiosity in the frequent shares of American Equity. American Equity rejected Athene and MassMutual’s takeover proposal, saying it undervalues the firm.

—CNBC’s Yun Li, Maggie Fitzgerald, Jesse Pound and Michael Bloom contributed to this report.

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Written by Business Boy


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