Seen through a store window, a Nike employee stands at the entrance to the Nike Soho store in New York City.
Drew Anger | Getty Images
Check out the companies that make headlines in afternoon trading.
Shares of major technology companies revived the market on Tuesday – Facebook, Amazon, Apple. Shares of Facebook rose 2.5% on Monday after a 5% slide due to whistle blower claims and site disruptions. Amazon is up 2%, while Apple is up more than 1%. Added more than 2% of the alphabet.
SOUTHWEST GAS HOLDINGS – Staff investor Carl Icahn, who has a significant stake in the power company, jumped about 6%, writing a letter to the company urging it to drop potential acquisitions of Dominion Energy’s Quaster pipeline and focus on improving its stock performance. Has done.
Shares of Marathon Oil – Exploration and Production Company are up more than 2% on rising oil and natural gas prices. Occidental gained 1.8%, while EOG Resources, Devon Energy, Hollyburton and Hess all rose. West Texas Intermediate Crude Futures, the US oil benchmark, broke above 79 79 a barrel on Tuesday for the first time since November 2011.
PepsiCo-Food and Beverage Corporation gained more than 1% after reporting better-than-expected third-quarter earnings despite high supply chain costs. PepsiCo earned 1. 1.79 per share, up 20.19 billion. Analysts reported earnings of $ 1.73 per share on earnings of $ 19.39 billion, according to Refinitive. The company has also raised its full-year forecast.
Nike, Under Armor – Athletic retail stock adds more than 2% to each when Wadebush begins coverage of both with an outperform rating. Banks have called the companies “long-term structural winners.” They are both ready to benefit in the long run, although the company hopes they will be affected by some short-term volatility.
Netflix – Shares of Netflix gained more than 4% when Queen reiterated her outperform rating on the streaming giant. The firm’s recurring U.S. survey found Netflix is leading the way in content among other services.
Daniel Ives, an analyst at Wadebush Securities, named the stock one of his team’s top technology stocks after shares of DocuSign-e-Signature jumped more than%% to keep the sector’s multi-year rally afloat.
The brokerage firm has increased its stock by 3.5% since Charles Swab-Atlantic Equities began coverage as overweight, calling it cheaper and highlighting the recent “shift to asset-raising”, which “creates much more sustainable and composite revenue flows.” . “
Bank stocks – Bank stocks have risen higher as the 10-year Treasury yield is 1.5%. Goldman Sachs gained about 3%, while Bank of America and Wells Fargo added more than 2%. Banks benefit from rising interest rates because they allow higher margins and profits.
– CNBC’s Hannah Miao, Eun Lee and Pippa Stevens contributed to the report
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