The kayaks are on display outside a Dick’s Sporting Goods Inc. store. and West Nyack, New York.
Craig Warga | Bloomberg | Getty Images
Check out the companies that own the noon trade.
Technology Shares – Technology and more speculative stocks rose en masse on Tuesday as declining U.S. Treasury yields helped the sector reverse some of the sharp losses in recent weeks. Tesla, an electric car maker, jumped more than 14%, the pace of its best day since March 2020. Solar cell company Enphase Energy gained about 12%. Chip and chip-related companies Nvidia and Lam Research rose more than 7%, while Xilinx added about 6.8%.
Zoom Video: The shares of the video communications company appeared more than 7% at noon after CEO and founder Eric Yuan transferred about 40% of its stake, according to a government statement. Yuan made the transfers, which totaled about $ 6 billion, to unspecified recipients of two trusts as gifts. The company said the transfer was part of the estate planning of Yuan and his wife.
First Energy – Energy company shares rose more than 2% after Bloomberg News reported that activist investor Carl Icahn is in talks with the company about the possibility of occupying two seats on the board. Icahn had a considerable stake in FirstEnergy and tried to help the company work through a federal corruption scandal, Bloomberg reported, citing people familiar with the matter.
Dick Sporting Goods: Retail shares fell about 6% on Tuesday despite the company surpassing Wall Street estimates on the top and bottom lines of its fourth quarter. Dick’s gave earnings guidance for the year ahead of between $ 4.40 and $ 5.20 per share. Analysts surveyed by FactSet had projected $ 5.15 per share, near the top of the range.
Kick correction: Subscription-style service shares fell more than 28% after losing analysts ’revenue expectations as shipping delays and lower customer spending affected sales. Stitch Fix cut revenue forecast for the quarter and current year. The company said, on average, active customers spent 7% less than the same period a year ago.
Baidu – The shares of the artificial intelligence company rose more than 11% after Reuters reported that the company passed a hearing to make a second listing of its shares in Hong Kong. Still, the move puts Baidu on the flat for about a week, after falling 11.1% on Monday.
– CNG’s Maggie Fitzgerald, Yun Li and Jesse Pound contributed.