Shares of hospitality and casino entertainment company MGM Resorts (NYSE:MGM)
jumped 6.1% in the afternoon session after the recent Las Vegas F1 weekend provided a significant boost to the company, attracting a large number of visitors and setting new betting records.
Shares of children’s apparel manufacturer Carter’s (NYSE:CRI)
jumped 6.5% in the afternoon session after strong earnings from a peer retailer signaled robust consumer spending in the apparel sector. Fellow apparel company Abercrombie & Fitch reported record third-quarter net sales, with 7% growth from the previous year. The company's earnings per share also exceeded its own outlook. This news appeared to boost investor confidence in the broader apparel industry, suggesting that shoppers continued to spend on clothing. The positive industry-specific news overshadowed broader economic data that showed a sharp decline in overall consumer confidence in November, providing a specific reason for optimism for clothing retailers like Carter's.
Shares of health insurance company Alignment Healthcare (NASDAQ:ALHC)
jumped 7.5% in the afternoon session after JP Morgan upgraded the stock's rating to Overweight from Neutral and increased its price target. The investment bank raised its price target to $20 from a previous target of $18. The upgrade reflected increased optimism in the company's growth prospects, citing its strong position within the expanding Medicare Advantage market and its unique approach to care. The bank's analyst also noted the company's impressive performance and its strategic position heading into the next year. These factors contributed to a more positive outlook on the stock's potential.
Shares of dental technology company Align Technology (NASDAQ:ALGN)
jumped 6.2% in the afternoon session after the company announced the commercial availability of its Invisalign System with mandibular advancement in the Philippines. This new product was designed to correct specific jaw and teeth alignment issues in growing patients by simultaneously moving the lower jaw forward while straightening teeth, expanding the company's treatment portfolio. In other news, Align Technology also concluded an academic program roadshow across the Middle East to support digital orthodontic education. The stock's positive move came despite analysts at Evercore ISI lowering their price target on the shares to $170 from $220, though the firm did maintain its "Outperform" rating, suggesting investors focused more on the product news.
(BPT) - The holiday season is one of the busiest travel periods of the year, with millions of drivers hitting the road to visit loved ones. Unfortunately, it's also one of the most common times for parking lot mishaps, rental car confusion and unexpected roadside incidents. Mercury Insurance (NYSE: MCY) is offering drivers practical tips to help them stay safe and avoid costly surprises while traveling this season.
According to a Bloomberg News report, Treasury Secretary Scott Bessent has been on the selection process since the summer to replace Powell and has been interviewing nearly a dozen candidates.
Shares of fashion conglomerate PVH (NYSE:PVH)
jumped 6.3% in the afternoon session after an analyst from UBS reiterated a Buy rating on the stock while keeping the price target at $148.00. The analyst expressed optimism due to PVH's own efforts, which were expected to drive significant long-term earnings growth. This positive view was maintained despite a difficult economic situation, especially in Europe. The company’s earlier reiteration of its third-quarter and fiscal year 2025 revenue and adjusted earnings per share guidance further supported the analyst's confidence in the company's direction.
Shares of women’s plus-size apparel retailer Torrid Holdings (NYSE:CURV)
jumped 3.4% in the afternoon session after positive earnings reports from several peer retailers boosted investor sentiment in the sector.
Shares of fashion conglomerate Oxford Industries (NYSE:OXM)
jumped 7.8% in the afternoon session after Citigroup analyst Paul Lejuez upgraded the company's stock to 'Neutral' from 'Sell'. Despite the improved rating, the analyst also lowered the price target on the shares to $35 from $44. The upgrade from a 'Sell' rating likely signaled to investors a less negative outlook on the company's future performance, sparking the positive stock reaction. However, the reduced price target indicated that some caution remained about the stock's valuation.
Shares of video communications platform Zoom (NASDAQ:ZM) jumped 13.5% in the afternoon session after the company reported better-than-expected third-quarter results and raised its full-year profit outlook.
Shares of healthcare diagnostics company QuidelOrtho (NASDAQ:QDEL)
jumped 4.5% in the afternoon session after its CEO, Brian J. Blaser, purchased 23,500 shares of the company for a total of $501,577.
UK stocks experienced gains amidst volatile trading on Tuesday as investors eagerly awaited the upcoming budget announcement, expected to introduce significant tax measures.
Antelope Enterprise Holdings touched the long-term indicator for the first time since October 16, while Foxx Development last traded at this level on September 18.
Let's delve into the developments on the US markets in the middle of the day on Tuesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
The November FX Report has been delayed but should be released soon. We expect an emphasis on the changing approach towards a tighter scrutiny on US partners’ FX practices, but we don’t think we’ll see any FX manipulator designation by the Treasury
March NY world sugar #11 (SBH26 ) today is up +0.05 (+0.34%), and March London ICE white sugar #5 (SWH26 ) is up +2.00 (+0.47%). Sugar prices are moving higher today amid a weaker dollar (DXY00 ), as they continue to consolidate below last Wednesday'...
Johnson & Johnson ends its Phase 2b posdinemab trial after missing key Alzheimer's goals, raising concerns for next-generation tau-targeting drug programs.
