Examine the businesses that are grabbing the most attention during noon trade.
Solventum — After the health care company announced that it will sell its purification and filtration division to Thermo Fisher Scientific for $4.1 billion, its shares jumped around 10%. By the end of 2025, the deal should be finalized.
Sempra – The utility company’s stock fell by 20%. In contrast with its previous estimate of $4.90 to $5.25 per share, Sempra reduced its full-year profit forecast, requesting adjusted earnings of $4.30 to $4.70 per share.
Krispy Kreme – After the doughnut chain’s fourth-quarter results fell short of expectations, shares fell 24 percent.
American Tower — Following a fourth-quarter revenue beat, the telecom company’s stock increased by 6%.
Li Auto — Following the release of new images of the Chinese electric vehicle manufacturer’s first fully electric sports utility vehicle, the Li Auto i8, shares traded in the United States increased by almost 13%. After market hours, the business posted the two images on its WeChat account.
Home Depot – Following eight consecutive quarters of decreases, the home improvement retailer reported positive comparable sales, which caused its shares to rise more than 4%.
Eli Lilly. After the pharmaceutical business introduced greater dose vials of its weight loss medication Zepbound at a reduced cost for customers via a “self-pay pharmacy” area on its direct-to-consumer website, the stock increased by more than 2%.
Keurig Dr Pepper: Following the company’s strong performance in the previous quarter, the beverage stock surged 3%.
Super Micro Computer – As Super Micro’s important filing due day drew near, shares of the company plunged 8%. The business was granted an extension in December to submit its revised financial statements by February 25.
Hiss & Hers Health – The stock of the telehealth company fell by about 25%. Wall Street was disappointed by the fourth-quarter gross margin reported by Hims & Hers.
Tempus AI — The biotech company driven by artificial intelligence had a 16% decline in its stock after reporting fourth-quarter revenue of $201 million, below analysts’ forecast of $203 million.
Following the company’s reaffirmation of its 2025 financial guidance at an investor day event, PayPal’s stock declined 2%.
Chegg — Following the company’s fourth-quarter net loss of $6.1 million on $143.5 million in revenue, which represents a 24% year-over-year fall, the online education stock fell 28%.
Cleveland— Following the steel company’s fourth-quarter loss of 92 cents per share, which was greater than the 61 cents experts had predicted, shares fell by over 5%.
Zoom Communications: After the video conferencing business reported a full-year revenue of between $4.785 billion and $4.795 billion, its shares fell 8%. This was less than the $4.81 billion.
Bank stocks After consumer confidence for February fell short of forecasts, the main banks saw a decline on Tuesday due to growing concerns about the recession. Wells Fargo, JPMorgan, Citigroup, and Goldman Sachs all saw losses of about 2%, while Bank of America and Morgan Stanley saw losses of over 1%.
Tesla: The electric car manufacturer’s stock fell almost 8%, falling for the fourth day in a row and bringing its market value down below $1 trillion.
Source (CNBC)
