The kayaks are displayed outside Dick’s Sporting Goods Inc. from West Nyack, New York.
Craig Warga | Bloomberg | Getty Images
Consult the companies that make securities in the trading of lunch.
Technology Shares – Technology and speculative stocks rose sharply on Tuesday, while a decline in U.S. Treasury yields helped the sector reverse some of the steep losses in recent weeks. Electric carmaker Tesla grew by more than 14% to its best day in March 2020. Solar cell company Enphase Energy gained almost 12%. Chip and chip-related companies Nvidia and Lam Research grew by more than 7%, while Xilinx added about 6.8%.
Zoom Video – The shares of the video communications company appeared with more than 7% at noon after the executive director and founder Eric Yuan transferred about 40% of his share, according to a government file. Yuan made the transfers, which amounted to about $ 6 billion, unspecified recipients of two trusts as gifts. The company said the transfer is part of real estate planning for Yuan and his wife.
First Energy – Energy company shares rose more than 2% after Bloomberg News reported that activist investor Carl Icahn is in talks with the company about the potential to hold two seats on the board. Icahn took an important stake in FirstEnergy and sought to help the company act through a federal corruption scandal, Bloomberg reported, citing people familiar with the matter.
Dick’s sports goods – Retail stock fell about 6% on Tuesday, despite the company exceeding Wall Street estimates on the top and bottom lines for the fourth quarter. Dick provided earnings guidance for the previous year, between $ 4.40 and $ 5.20 per share. Analysts surveyed by FactSet projected $ 5.15 per share, near the top of the range.
Stitch Fix – Shares of the subscription service fell more than 28% after analysts’ revenue expectations fell as delivery delays and lower customer spending fell in sales. Stitch Fix reduced its revenue forecasts for the current quarter and fiscal year. The company said that, on average, active customers spent 7% less than at the same time a year ago.
Baidu – The shares of the artificial intelligence company rose by more than 11% after Reuters reported that the company passed a hearing to make a second listing of its shares in Hong Kong. This move puts Baidu in an approximately stable position for the week, but after a decrease of 11.1% on Monday.
– CNG’s Maggie Fitzgerald, Yun Li and Jesse Pound contributed to the reporting.