People walk out of the AMC Empire 25 movie theater in Times Square as the city continues reopening efforts following restrictions imposed to curb the spread of the coronavirus on December 23, 2020 in New York City.
Noam Galai | Getty Images
Check out the companies that own the noon trade.
Tesla: The electric vehicle company’s share price rose 5% after Tesla’s delivery numbers during the first quarter exceeded street expectations. The company led by Elon Musk said it delivered a total of 184,800 vehicles, while analysts were looking for 168,000 deliveries. Wedbush updated Tesla after the print, saying it’s a “paradigm shift.”
AMC Entertainment: The shares of the film company rose 15% after B. Riley Securities upgraded the shares to a buy rating. “” Godzilla Vs. Kong “destroys persistent concerns about the importance of the theatrical window and demonstrates a solid path to resurgence,” the firm wrote in a note to clients. B. Riley also raised its stock target to $ 13, 39% above those that closed shares on Thursday.
Carnival, Norwegian and Royal Caribbean: Cruise operators Carnival and Norwegian gained 4.4% and 6.3%, respectively, after the Centers for Disease Control and Prevention updated their guidelines to resume cruise ship crossings. Americans. Norwegian specifically asked CDC if it can resume cruises from U.S. ports as of July 4th. Royal Caribbean added 3.4%.
Charles Schwab: The brokerage rose 2.9% to a 52-week high after Goldman Sachs put its shares on its list of convictions ahead of its earnings on April 15. strong commercial commitment. Goldman also raised its 12-month price target on Schwab to $ 77 per share, from $ 67 per share.
Roblox: Shares of the online gaming platform rose more than 6% after Goldman Sachs began hedging the shares with a buy rating. The Wall Street firm said the creation and monetization of Roblox content allows it to outsource game development costs to its creators, while maintaining the economic advantage. Roblox was made public through a direct listing last month.
GameStop: The video game retailer’s shares were damaging Monday, down nearly 3% around noon. The company’s stock price fell to 14% earlier in the day. The weakness came after GameStop said it could sell additional shares worth up to $ 1 billion after a historic short thinning fueled by Reddit. The company said it intends to use the revenue to further accelerate its e-commerce transformation and strengthen its balance sheet.
Trimble: Shares of the digital construction and farming company rose about 4.6% after Cathie Wood’s Ark Innovation bought 453,214 of its shares. Based on Thursday’s closing price of about $ 83 per share, Ark’s purchase was worth $ 37.6 million north.
Ford, General Motors: Inherited car stocks rose Monday after Wells Fargo began covering overweight companies. Ford appeared 2.4%, while GM shares rose 3.7%. Wells Fargo said in a couple of notes that both Ford and GM were about to be leaders in the next generation of vehicles and transportation.
Pinterest: Stock-sharing shares rose 1.8% after The New York Times reported that the company was considering buying social media company VSCO.
Planet Fitness: The shares of the fitness chain rose 1.5% after the Wall Street Journal reported that it plans to open up to 100 new locations next year, adding to the current total of more than 2,100. Chief Financial Officer Tom Fitzgerald told the newspaper that Planet Fitness will also invest in its app.
– with reports from CNBC’s Pippa Stevens, Yun Li, Jesse Pound and Tom Franck.