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Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus illness (COVID-19), Dublin, Eire.
Jason Cairnduff | Reuters
Take a look at the businesses making headlines in noon buying and selling Monday.
Newmont — Newmont shares tumbled 11.9% after the mining firm reported a disappointing second-quarter revenue. The corporate reported earnings of 46 cents per share, in comparison with a Refinitiv consensus forecast of 63 cents per share.
World Wrestling Leisure — Shares of World Wrestling Leisure jumped greater than 7% after Loop Capital upgraded and raised its worth goal on them “based mostly on a higher probability that the corporate is bought with Vince McMahon stepping down.” McMahon, WWE’s prime shareholder, is being investigated for sexual misconduct claims and stepped down as CEO on Friday.
JD.com — The Chinese language e-commerce firm climbed 2% after Morgan Stanley named JD.com a “catalyst-driven thought.” The Wall Road agency mentioned it is significantly bullish on JD.com heading into earnings in August, as income development is predicted to speed up from June’s stage.
Ryanair — Shares of Ryanair surged greater than 4% after the price range airline reported quarterly earnings that beat Wall Road’s revenue estimates. The corporate additionally expects to return to pre-Covid revenue ranges this 12 months or subsequent, although the restoration is fragile.
Philips – The Dutch medical tools maker’s shares fell almost 7% after the corporate reported weaker-than-expected quarterly earnings, citing lockdowns in China and provide chain points. It additionally reduce its estimate for full-year gross sales development to between 1% and three%, down from 3% to five%.
Lam Analysis — Shares of the semiconductor tools firm slipped almost 2% after Barclays downgraded the inventory to equal weight, saying in a word to purchasers that, regardless of a latest bounce, the semiconductor business is due for a correction.
Diamondback Vitality — Vitality shares surged on the again or rising oil costs Monday. Diamondback Vitality jumped 5.7%, whereas Marathon Oil superior 5.1%. Valero and Hess every gained greater than 4%.
Vacationers — Shares jumped 2% after Raymond James upgraded Vacationers to a powerful purchase. Raymond James believes the insurance coverage inventory, which is up 2% this 12 months, will proceed to outperform.
— CNBC’s Yun Li, Tanaya Macheel, Samantha Subin and Carmen Reinicke contributed reporting
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