Check out the companies that own the noon trade.
GameStop: The shares of the gaming retailer continued their rise, as the price of the shares doubled to over $ 360, up 140%. Retail investors have raised the share price, retreating against short sellers. Melvin Capital, which was short GameStop, closed its position on Tuesday afternoon, after facing losses.
AMC Entertainment: The movie operator enjoyed a 175% increase, starting the day at $ 20.34, before falling back to about $ 15 per share. That is a 200% increase since it closed on Tuesday. Trading volume has risen sharply for AMC Entertainment (more than 689 million shares have changed hands today), while retail investors continue to put pressure on short sellers.
Bed Bath & Beyond: Home goods retailer shares rose more than 35% above $ 50, from their starting price of $ 42.98. The company has been a favorite of speculative traders, driven by small investors betting on short sellers. Bed Bath & Beyond’s share price has risen despite Baird downgrading the company on Wednesday to overtaking neutral.
Microsoft: Shares up 2% after tech giant’s strong quarterly earnings. According to a statement, Microsoft’s revenue grew 17% annually due to the growth of its cloud business, up from 12% in the previous quarter. Microsoft reported earnings per share of $ 2.03 for revenue of $ 43.08 million. Wall Street was expecting $ 1.64 per share in revenue of $ 40.118 billion, according to Refinitiv.
Starbucks: The coffee chain saw its shares fall 5.75% in midday trading after it said Tuesday evening that its sales at the same US store fell 5% during the first fiscal quarter, amid an increase in new Covid-19 cases. The company also announced that chief operating officer Roz Brewer will leave the company in late February to become CEO of another listed company.
Advanced Micro Devices: AMD’s own funds fell 4.8% in the middle of the trading session after reporting earnings results just above analysts’ expectations on Tuesday, with earnings per share 52 cents compared to the planned 47 cents. Despite the good pace, Wednesday’s trading left some analysts wondering if investors had expected even more from the chip maker based in Santa Clara, California.
Boeing: U.S. aircraft maker shares fell 3% Wednesday morning after the company reported a quarterly loss of $ 15.25 per share thanks in part to $ 8.3 billion in charges related to the 737 Max and a delay in the 777-X program. CEO Dave Calhoun told CNBC on Wednesday that the slow deployment of Covid-19 vaccines will prolong the recovery in travel demand.
F5 Networks: The shares of the app services company fell more than 3% despite surpassing Wall Street estimates on its quarterly earnings. F5 reported earnings of $ 2.59 per share, compared to the $ 2.47 per share expected by analysts, according to Refinitiv. The company earned revenue of $ 625 million, in line with expectations.
Texas Instruments: Texas Instruments reported an adjusted quarterly profit of $ 1.64 per share, 30 cents above estimates, while chip maker’s revenue was also above estimates, according to Refintiv. Shares of the chip maker, however, fell 4%.
Brinker International – Catering company shares fell more than 7% after Brinker reported results for its second fiscal quarter. The company reported 35 cents earnings per share adjusted for $ 761 million in revenue, slightly exceeding Refinitiv’s agreed estimates in both cases. Some analysts noted in customer notes that the number of profits was increased by a tax benefit. Brinker said 18% of Chile’s locations and 31% of Maggiano’s locations are still closed due to the pandemic.
Anthem: Hymn shares fell more than 6%, despite exceeding Wall Street expectations on the top and bottom lines in its fourth-quarter report. The insurance company reported $ 2.54 in earnings per share with $ 31.822 billion in revenue. Analysts surveyed by Refinitiv had written $ 2.52 per share and $ 30.788 billion in revenue. However, according to FactSet, the earnings guidelines in 2021 were lower than expected.
– with reports from Thomas Franck, Jesse Pound and CNBC’s Darla Mercado.