The Fluor Corporation logo is displayed on a smartphone.
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Discover the noteworthy companies captivating attention in midday trading.
Fluor Corporation — Following UBS’s upgrade of Fluor shares to buy, the engineering and construction company experienced a 2.4% surge. This optimistic outlook comes as Fluor solidifies agreements to undertake new projects.
Carnival — Cruise line stocks, including Carnival and Norwegian Cruise Line , observed respective gains of 2.8% and 3.9%. Similarly, Royal Caribbean shares marked an increase of nearly 3%. These upward movements ensued after a significant drop in oil prices.
Sunnova Energy, Sunrun — Sunnova Energy registered a 2.2% growth, while Sunrun experienced a decline of 1.1% after Truist downgraded the solar stocks’ ratings from buy to hold due to concerns over elevated interest rates.
Cal-Maine Foods — Following a disappointing earnings report, Cal-Maine Foods’ shares declined by 7.3%. The egg producer cited an unpredictable market environment as the cause. Analysts polled by FactSet had anticipated earnings of 33 cents per share, but the company reported only 2 cents per share for the fiscal first quarter.
Intel — Intel’s stocks rose slightly by 0.7% after the announcement that its programmable chip unit will operate as an independent business. The company plans to conduct an initial public offering within the next two to three years.
DexCom, Insulet — Diabetes-focused companies DexCom and Insulet witnessed respective declines of 3.5% and 3% following the release of a study on Tuesday. The study suggested that GLP-1, a class of popular weight loss drugs, may impact the requirement for basal insulin. Furthermore, Insulet announced on Tuesday that Wayde McMillan would resign as chief financial officer.
Energy stocks — As oil prices dropped by over $3 a barrel, energy stocks collectively declined during midday trading on Wednesday. Marathon Petroleum stocks experienced a 3
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Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
