Stocks making the biggest moves midday: Levi Strauss, FuboTV, Honeywell and more


A person wears Levis Strauss & Co. clothes throughout the firm’s preliminary public providing (IPO) at the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 21, 2019.

Jeenah Moon | Bloomberg | Getty Images

Check out the firms making headlines in noon buying and selling.

Levi Strauss – Shares of the retailer jumped 5% after the firm beat top- and bottom-line estimates throughout the first quarter. Levi’s earned 34 cents per share on an adjusted foundation, whereas reporting $1.31 billion in income. Analysts surveyed by Refinitiv have been anticipating the firm to earn 25 cents on $1.25 billion in income. The outcomes have been boosted by power in Levi’s digital gross sales, which jumped 41%.

FuboTV – The streaming service jumped more than 18% after FuboTV received the unique streaming rights to the qualifying matches of the Qatar World Cup 2022. The qualifying matches will function 10 groups in the South American Football Confederation.

WD-40 — The inventory tanked 14% after reporting earnings per share of $1.24, eight cents under analyst estimates, based on Refinitiv. Revenue additionally missed expectations. The firm stated provide chain points harm its potential to satisfy buyer demand.

Honeywell – Shares of the conglomerate rose about 2% after Deutsche Bank upgraded the inventory to purchase from maintain. Deutsche stated it noticed a gorgeous shopping for alternative after sharp year-to-date underperformance. The financial institution additionally cited engaging end-market exposures, high-quality nature and possible near-term earnings upside.

DraftKings — Shares of the sports activities betting firm popped almost 3% after Jefferies named DraftKings a top pick. The Wall Street agency known as DraftKings a “prime operator” and chief as states proceed to legalize gaming.

Sogou — The web search firm rose 3.5% on Friday after Reuters reported that China’s antitrust regulators have been ready to approve Tencent’s plan to take the firm personal. The $3.5 billion deal would enable Tencent to purchase the 60% of Sogou that it would not already personal.

PriceSmart — Shares of the low cost retailer tanked 7% after lacking analyst estimates for its quarterly earnings. PriceSmart stated the pandemic continues to weigh on its enterprise in sure markets. 

Bridgetown Holdings The SPAC backed by billionaire buyers Peter Thiel and Richard Li dropped 7% on information it’s in superior talks to take Indonesia-based journey providers firm Traveloka public, according to people familiar with the matter who spoke to Bloomberg. 

Boeing – Shares of the airplane maker fell almost 2% after U.S. airways temporarily grounded more than 60 of the firm’s 737 MAX jets on Friday. The transfer got here after Boeing requested 16 carriers who function the jet to deal with {an electrical} energy system situation in the plane.

Okta — The software program firm rose 2.4% after BTIG upgraded the inventory to purchase from impartial. The agency stated in a observe that there gave the impression to be rising demand for Okta’s buyer id enterprise and that competitors from Microsoft didn’t look like a near-term risk.

— with reporting from CNBC’s Yun Li, Jesse Pound and Pippa Stevens.

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