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Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell of August 15, 2019 in New York.
Drew Angerer | Getty Images
Discover the companies that make the news in the midday:
Apple – Apple shares climbed 2.5% as Wall Street analysts applauded surprisingly low prices for the new iPhone and streaming service. The technology giant Tuesday unveiled three new iPhones, a new Apple Watch and a subscription service on television. Wamsi Mohan, an analyst at Bank of America, called the price "convincing", while Barclays analyst Tim Long said "the price drop was the main surprise".
RH – HR shares jumped 5.4% after the home furnishings retailer posted better-than-expected results. RH announced an adjusted quarterly profit of $ 3.20 per share, well above consensus estimates of $ 2.70. The company's second-quarter revenue also exceeded estimates.
Dave & Buster's Entertainment – Dave & Buster's shares have shot up by more than 5% after the company specializing in sports bars and arcade gaming rooms has canceled its forecasts for any number of years. 39 year by invoking a "competitive environment". The company also said that same-store sales are expected to fall by 4% to 5% in the second half of the year.
GameStop – GameStop's shares fell by more than 11% after the video game retailer posted disappointing results for the second quarter. GameStop lost 32 cents per share adjusted for the second quarter, which is higher than the 21 cents loss expected by Wall Street analysts. The video game retailer also saw its turnover be lower than expected and also reduced its sales forecast.
Zscaler – Zscaler shares plummeted 23% after the cybersecurity company trimmed its earnings outlook for the next fiscal year. The company said it planned to post adjusted earnings of between 12 cents and 15 cents a share next year, less than the analysts' estimate of 19 cents per share. .
Callaway Golf – Callaway Golf shares rose 3% as a result of a Raymond James analyst who upgraded the golf equipment maker to outperform market performance. The analyst said the title did not "fully reflect" Callaway's 14% stake in TopGolf, adding that he was "too much penalized for Jack Wolfskin's recent acquisition, which obscured health. the balance of his portfolio ".
Micron – The chip maker's stock rose more than 2% after a Longbow analyst upgraded it to move from neutral, citing improved fundamentals in the memory and consumer markets. flash storage.
Costco – Costco's retail shares fell by 1.5% as a result of a deterioration in Oppenheimer's performance. The company cited a record valuation for a stock that has jumped nearly 45% since January. Oppenheimer raised its price target from $ 295 to $ 300, with the stock trading above its price target.
– Maggie Fitzgerald and Fred Imbert of CNBC contributed to coverage.
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