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Guests spend Christmas lights and the Coca-Cola truck in Liverpool city center.
Peter Byrne | PA Images | Getty Images
Discover the companies that make the headlines Tuesday noon:
Coca-Cola – Coca-Cola rose 2% after Morgan Stanley strengthened the overweight in the company at equal weight. Morgan Stanley said it raised Coke's valuation because the company's current valuation does not reflect its growth prospects.
Walt Disney – Disney's shares rose 2% after the company announced that it would assume full operational control of the Hulu streaming service under an agreement with Comcast, taking effect immediately . Comcast will be allowed to sell its 33% stake in Hulu to Disney in 2024 at a value of at least $ 27.5 billion, even though Hulu is worth less. Disney has also agreed to pay Comcast its hulu content for the next five years.
CannTrust Holdings – Shares of the Canadian cannabis company jumped 9% after reporting its first-quarter revenues increased 115%. CannTrust also expects significant sales growth for 2019 compared to 2018.
Tencent Music Entertainment – The streaming music services company reported lower than expected sales in the first quarter, dropping its US-listed shares by 7%. Tencent Music also announced that Co-President Guomin Xie resigned, citing personal reasons, as of June 6.
Ralph Lauren – Ralph Lauren shares fell 5% after the luxury apparel maker announced weak fourth quarter sales in North America, its largest market. These figures overshadowed earnings and earnings above expectations for the quarter.
Steris – Shares of the Irish health care company jumped more than 5% after posting better than expected results. Steris announced adjusted earnings per share of $ 1.53 in the fourth quarter, exceeding FactSet's estimate of $ 1.43. The company also said it expects fiscal year 2020 revenues to be between $ 2.92 billion and $ 2.95 billion.
StoneCo – StoneCo grew more than 2% after the Brazilian payment processor announced better than expected results in the first quarter. The company also announced a $ 200 million share repurchase program, which will take effect in the second quarter of 2019. According to StoneCo, the number of active customers has increased by 93% over the same period last year. 'last year.
Steven Madden – The shares of the shoe company have recovered after a fall of more than 1% when a Piper Jaffray analyst downgraded the overweight rate to neutral and brought back the goal of price of the company at $ 38, against $ 38 previously. The analyst spoke of growing trade tensions between China and the United States for decommissioning.
Deckers Outdoor – Susquehanna has promoted Deckers from neutral to positive, due to "acceleration" in his Hoka brand. The upgrade sent to Deckers shares has increased by approximately 4%.
Live Nation Entertainment – Live Event Promoter shares rose 2% after a Berenberg analyst initiated the company 's cover with a purchase rating. The analyst pointed to Live Nation's strong market share in concerts and ticketing.
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