A man wears clothes Levis Strauss & Co. during the company’s initial public offering (IPO) on the New York Stock Exchange (NYSE) in New York, USA, on Thursday, March 21, 2019.
Jeenah Moon | Bloomberg | Getty Images
Check out the companies that own the noon trade.
Levi Strauss: Retail shares jumped 2.6% after the company exceeded estimates for the top and bottom lines during the first quarter. Levi’s earned 34 cents per share on a tight basis, while reporting revenue of $ 1.33 billion. Analysts polled by Refinitiv expected the company to earn 25 cents with $ 1.252 billion in revenue. The results were bolstered by the strength of Levi’s digital sales, which jumped 41%.
FuboTV: The broadcast service jumped 12.6% after FuboTV won the exclusive broadcasting rights for the qualifying matches for the Qatar 2022 World Cup. The qualifying matches will feature 10 teams from the South American Confederation of Football.
WD-40: Shares fell 9.5% after reporting earnings per share of $ 1.24, 8 cents below analysts ’estimates, according to Refinitiv. Revenue also lost expectations. The company said supply chain problems are hurting its ability to meet customer demand.
Honeywell: Shares of the conglomerate rose 3.4% after Deutsche Bank upgraded shares to buy from the hold. Deutsche said it saw an attractive buying opportunity after a strong annual performance to date. The bank also cited attractive exposures to the final market, high-quality character and likely short-term rising profits.
DraftKings: Shares of the sports betting company appeared 2% after Jefferies named DraftKings one of the best options. The Wall Street firm called DraftKings a “first operator” and leader as states continue to legalize games.
Sogou – Internet search company rose 3.8% on Friday after Reuters reported that China’s antitrust regulators were willing to approve Tencent’s plan to deprive the company. The $ 3.5 billion deal would allow Tencent to buy 60% of Sogou, which it does not yet own.
PriceSmart: Discount retailer shares fell 7.1% after losing analysts ’estimates of its quarterly earnings. PriceSmart said the pandemic continues to weigh on its business in certain markets.
Bridgetown Holdings – The SPAC, backed by billionaire investors Peter Thiel and Richard Li, fell 2.3% on news that it is in advanced talks to make public Indonesia-based travel services company Traveloka, according to people familiar with the matter they talked to Bloomberg.
Boeing: The aircraft manufacturer’s shares fell 1% after U.S. airlines temporarily landed more than 60 of the company’s 737 MAX aircraft on Friday. The move came after Boeing asked 16 carriers operating the lightning to address a power system problem on the plane.
Okta: The software company rose 2.4% after BTIG updated shares to buy from neutral. The firm said in a note that there appeared to be a growing demand for Okta’s customer identity business and that Microsoft’s competition did not appear to be a short-term threat.
– with reports from Yun Li, Jesse Pound and Pippa Stevens of CNBC.