Latest News

Stocks making the biggest moves midday: HP, Box, Brown-Forman, Insulet and more

The logo of printer manufacturer HP is seen during an event.
Paco Freire | LightRocket | Getty Images

Check out the companies making headlines in midday trading.

HPrevenue miss. Late Tuesday, the PC maker reported quarterly revenue of $13.20 billion, lower than the $13.37 billion estimated by analysts polled by Refinitiv. Otherwise, its third-quarter adjusted earnings of 86 cents per share came in line with estimates.




Brown-Formanmissing Wall Street expectations for its first fiscal quarter of 2024. Brown-Forman posted 48 cents in earnings per share on $1.04 billion in revenue. Analysts polled by Refinitiv anticipated 53 cents in earnings per share and $1.05 billion in revenue.


Fluence Energyinitiated coverage of the energy storage stock with an overweight rating. Barclays said the company could grow revenue 40%.

Spotifyreiterated its buy rating. The firm said it likes Spotify’s positioning for the third-quarter and fourth-quarter guidance.

Applebuy rating. The firm said it’s bullish heading into the company’s Sept. 12 event.

Rockwell Automationfollowing a downgrade to underweight from equal weight by Wells Fargo. The firm warned slowing sales growth could be ahead.


SunrunCiti upgraded the stock to buy from neutral. The Wall Street firm said Sunrun is “not getting due credit” for numerous catalysts set to drive the stock higher, including falling component costs and investment tax credit benefits.

Align Technologyinitiated coverage of the stock with a buy rating. The firm cited further market share opportunities for Align and its strong brand presence.

— CNBC’s Samantha Subin, Hakyung Kim, Sarah Min, Yun Li, Michelle Fox and Jesse Pound contributed reporting.

Walmart ramps up efforts to grow third-party marketplace with Las Vegas event, new perks

Previous article

Analyst Report: Monster Beverage Corp.

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News