A person wearing a protective mask will enter the Chipotle Restaurant in San Francisco, California, USA on Monday, April 19, 2021.
David Paul Morris | Bloomberg | Getty Images
Check out the companies that make headlines for trading at noon.
Carmax — CarMax’s share price has fallen by more than 8% after reporting an increase in earnings, but earnings have declined in the last quarter. Car retailers earned 98 cents per share, below the $ 1.25 consensus estimate per share.
Crowdstrike — Cybersecurity company’s share surged 3.7% after Goldman Sachs Inventory has been upgraded to “Purchase” From “neutral”. According to the company, the strengths of CrowdStrike’s business have recently been overlooked and are “located in the sweet spot of demand.”
PG & E — Utilities stocks rose 3% after reaching a settlement for payments $ 55 million in two fires In Northern California. As part of the agreement, PG & E will not face criminal charges.
Cisco Systems — The share of network tech companies has declined by about 1%, then lagging behind the wider market. Citi downgraded Cisco to sell from neutral.. Citi analysts said in a note to clients that Cisco has lost market share to its rivals.
Hewlett Packard Enterprise —After Morgan Stanley downgraded shares from equal weights to underweights, Hewlett Packard Enterprise shares fell 1% and said they expect stocks to underperform next year.
Chegg — Chegg’s stock fell 5.5% following a downgrade by KeyBanc Capital Markets. Analysts said Chegg was downgraded from overweight to sectorweight, and the company reported low growth in the United States in the first quarter.
chipotle pepper — Restaurant chain share has since risen 3.1% Citi has started stock coverage With purchase evaluation. The company said Chipotle is “the best-in-class growth leader.”
Albertsons — Food retailers’ stock prices have fallen 6.7% after reporting earnings in the last quarter. Albertsons outperformed earnings and reported earnings of 75 cents per share. This is 11 cents above the consensus estimate.
Oil Stocks — Energy stocks rose on Tuesday as oil prices soared in recent weeks exceeded $ 100 a barrel. Marathon oil, Devon energy When Occidental Petroleum They surged 5.5%, 4.7% and 3.7%, respectively.
— CNBC’s Jesse Pound, Hannah Miao, Tanaya Macheel and Sarah Min contributed to the report.
