Screens outside the Nasdaq MarketSite are pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021.
Fresh Mike | Reuters
Check out the companies that make headlines in Monday’s midday trading.
Boeing The planemaker’s shares rose more than 7% after CNBC reported that the Federal Aviation Administration had approved revisions to its inspection procedures that would allow the jet maker to resume deliveries of the 787 Dreamliner. In addition, Boeing defense employees will vote on a proposed new labor agreement on Wednesday, aimed at preventing a strike.
Target – Retail stocks gain more than 2% after Wells Fargo Upgraded Target to Overweight from equal weight. The company said investors are being overly bearish on the stock, which it considers a “proven bullish stock”.
PerkinElmer Shares of PerkinElmer jumped more than 6% after the life sciences and diagnostics company reported better-than-expected revenue and profit for the second quarter. It also announced plans to divest several non-core entities to private equity firm New Mountain Capital for $2.45 billion in cash.
Advanced Microphone Device – Several semiconductor stocks rallied, with Advanced Micro Devices up 2.5%. Shares of Micron Technology, Nvidia and Intel are all up about 2%.
Global payments Shares of the financial technology company rose 7.5% after a better-than-expected quarterly report. Global Payments reported $2.36 in adjusted earnings per share on revenue of $2.28 billion. Analysts surveyed by Refinitiv raked in $2.34 in earnings per share on $2.07 billion in revenue. Global Payments also announced an agreement to buy EVO Payments for $34 per share.
Colgate-Palmolive – The company producing consumer goods has grown by more than 2% after a Upgrade Wells Fargo to the same weight from underweight. The company said Colgate-Palmolive’s profits could show signs of improving in the future.
Check Point software technology – Shares fell 4% after the cybersecurity company reported disappointing invoicing revenue. Billings raised $570.6 million, well below StreetAccount’s estimate of $578.3 million. That eclipsed better-than-expected profits and revenue last quarter.
Jacobs Engineering Group – Shares fell 5.5% after the international professional technical services company reported second-quarter earnings. Jacobs lowers guidance for fiscal year 2022, quote Adjustments for foreign currency translation, although surpassing expectations in its report.
– CNBC’s Yun Li, Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting