The kayaks are on display in front of Dick’s Sporting Goods Inc. in West Nyack, New York.
Craig Warga | Bloomberg | Getty Images
Take a look at the companies that have found titles in noon trading.
Technical stocks – Technical and speculative stocks rose massively on Tuesday as the withdrawal of U.S. Treasury yields helped the sector reverse some of the big losses recorded in recent weeks. Manufacturer of electric cars Tesla jumped more than 14%, at the pace for its best day since March 2020. The solar cell company Enphase Energy earned close to 12%. Chip and chip-related companies Nvidia i Lam Research increased by more than 7%, while Xilinx added about 6.8%.
Zoom Video – Shares of the video communications company appeared more than 7% at noon after CEO and founder Eric Yuan transferred about 40% of his stake, according to a government report. Yuan donated the transfers, which totaled about $ 6 billion, to unspecified recipients from the two funds. The company said the transfer was part of estate planning for Yuan and his wife.
First Energy – Shares of the energy company rose more than 2% after Bloomberg News reported that activist investor Carl Icahn is negotiating with the company on the potential to take two seats on the board. Icahn took a significant stake in FirstEnergy and tried to help the company operate through a federal corruption scandal, Bloomberg reported, citing people familiar with the issue.
Dick’s Sporting Goods – Retail fell about 6% on Tuesday, despite the company beating Wall Street estimates at the top and bottom of the line in the fourth quarter. Dick’s gave earnings guidelines for the year preceding between $ 4.40 and $ 5.20 per share. Analysts polled by FactSet projected $ 5.15 per share, near the top.
Stitch Fix – Shares of subscription design service rose more than 28% after missing analyst revenue expectations as delivery delays and lower customer spending ate up sales. Stitch Fix downgraded its revenue forecast for the current quarter and fiscal year. The company said that on average, active clients spent 7% less than at the same time a year ago.
Baidu – Shares of an artificial intelligence company jumped more than 11% after Reuters reported that the company passed a hearing for a second list of shares in Hong Kong. The move brings Baida to a roughly flat level for the week, however, after falling 11.1% on Monday.
– CNBC’s Maggie Fitzgerald, Yun Li and Jesse Pound gave the reports.