Colorox model bathroom bowl cleaner sits on show at a grocery store in Princeton, Ill.
Daniel Acker | Bloomberg | Getty Images
Check out the corporations making headlines noon Monday:
SolarEdge Technologies – Shares of the solar-equipment maker jumped more than 4% forward of the firm’s third-quarter outcomes, which shall be launched after the bell. Research agency Roth Capital Partners hiked its goal on the inventory to $300 from $191 on Monday forward of the report, saying it expects the firm to ship “healthy” outcomes. Other names in the photo voltaic business, together with First Solar, Sunrun and SunPower traded increased on Monday amid bets on a Joe Biden presidency.
Under Armour — The athletic retailer’s inventory popped 6.1% following an improve to purchase from maintain at Stifel. The Wall Street agency cited an enhancing stability sheet for the firm’s improve. It additionally raised its worth goal to $17 per share from $11.
Clorox — Shares of the disinfectant maker rose more than 4% on Monday on robust quarterly outcomes. Clorox reported earnings of $3.22 per share on income of $1.92 billion. Wall Street had forecast earnings of $2.32 per share on income of $1.76 billion, in response to Refinitiv. Sales of family items rose 39% on a year-over-year foundation, simply topping expectations.
D.R. Horton, Lennar —An analyst at Atlantic Equities initiated the two homebuilders with obese scores, citing “strong structural tailwinds” as the housing market retains gaining steam. Shares of D.R. Horton gained 3.1% and Lennar superior 2.1%.
Lemonade — The insurance coverage inventory climbed 6.1% after Piper Sandler initiated protection of Lemonade with an obese score. The agency known as the firm “disruptive” and predicted development amongst totally different merchandise and geographies.
Lumber Liquidators — Shares popped about 19% on the again of better-than-expected outcomes for the third quarter. The firm posted adjusted earnings per share of 67 cents on income of $295.Eight million. Analysts anticipated a revenue of 26 cents per share on income of $275.6 million, in response to FactSet. “Our sales trends strengthened as we saw sequential improvement in our Pro and Install customers from the second to Q3,” CEO Charles Tyson stated in a press release.
Nielsen Holdings — Shares of media data-collecting firm rose 5.5%, boosted by quarterly outcomes that beat analyst expectations. Nielsen reported a revenue of 43 cents per share on income of $1.56 billion. Analysts polled by FactSet anticipated a revenue of 39 cents per share on income of $1.52 billion. The firm additionally issued better-than-expected earnings and income steerage for the yr.
ON Semiconductor — The chipmaker slipped 2% regardless of the firm saying better-than-expected third-quarter outcomes over the weekend. The firm reported a revenue of 27 cents per share, topping a FactSet forecast of 20 cents per share. Revenue got here in at $1.32 billion, higher than what analysts had projected, however nonetheless down 5% yr over yr. ON Semiconductor’s ahead steerage additionally topped expectations, in response to FactSet.
Norwegian Cruise Line — Norwegian Cruise Line fell 3.8% after the cruise operator stated it is going to prolong its voyage suspension via the finish of 2020 for its three manufacturers. “The company will continue to work in tandem with global government and public health authorities and its Healthy Sail Panel expert advisors to take all necessary measures to protect its guests, crew and the communities visited,” Norwegian stated in a press release.
Dunkin’ Brands — Dunkin’ Brands surged more than 6% after the espresso chain agreed to be taken non-public by Inspire Brands. Inspire will purchase Dunkin for $106.50 per share in money. The deal is valued at roughly $11.Three billion together with Dunkin’s debt.
—CNBC’s Pippa Stevens, Jesse Pound, Yun Li and Maggie Fitzgerald contributed to this report.