Foot Locker, Apple, HP and more

Discover the companies that make the news in the midday:

Apple, Nvidia, Broadcom, Caterpillar – Stocks of tech companies, as well as Caterpillar, have all fallen on the decline after President Donald Trump released a message on Twitter that US companies should look for " alternative to China ", ordering them to relocate their activities to China. . This is the latest escalation of the trade war between the United States and China. Earlier Friday, China announced new tariffs on $ 75 billion worth of US products. Apple fell 3.8% while Nvidia and Broadcom fell about 5%. Caterpillar is trading 3% less.

Foot Locker – Foot Locker shares hit nearly 15% after the company posted its dismal results in the second quarter. The shoe retailer said earnings per share of 66 cents on a $ 1.774 billion business figure. Analysts were forecasting earnings per share of 67 cents on a $ 1.823 billion business figure, according to FactSet. Foot Locker posted like-for-like growth of 0.8%, compared to an estimate of 3.3%.

Salesforce – The shares of the cloud computing software company surged more than 4% after reporting higher-than-expected revenue and optimistic forecasts for its entire second quarter. The company announced adjusted earnings per share of 66 cents, compared to the 47 cents expected by analysts, according to Refinitiv.

HP Inc. – HP shares fell 7% after the company announced that its CEO, Dion Weisler, would resign "for family health reasons." In addition to the news about Weisler, the company announced mixed results for the third quarter and raised its EPS guidance for the full year of 2019.

Dell Technologies, Pivotal Software, VMware – VMware shares fell 8% after the software company announced the acquisition of software vendors Pivotal Software and Carbon Black in separate transactions. Pivotal shares rose 8% on the news. Dell Technologies is a majority shareholder of Pivotal and VMWare, down 5%.

Gap – Shares of retailer Gap declined 4% after reporting disappointing revenue and same-store sales for the second quarter. The company recorded a business turnover of $ 4.01 billion and missed the $ 4.02 billion estimates analyzed by Refinitiv. Comparable store sales decreased 4%, while analysts expected a decline of 3%. Gap CEO Art Peck called it a "tough environment".

Macy's – The retailer's shares fell 4% after Guggenheim had demoted the company to neutral. Guggenheim analysts said they did not see any drawbacks to "mitigate" with the prospect of future tariffs.

La-Z-Boy – Shares of furniture retailer La-Z-Boy rose 2% after Raymond James improved the company to "outperform" it against "market performance," citing a strong US consumer. The company has set a price target of $ 36, an increase of 14% for the stock.

Hibbett Sports – The sporting goods retail inventories fell 10% after reporting their second quarter earnings were below estimates. Hibbett Sports announced a second quarter adjusted loss per share of 13 cents on a $ 252.4 million business figure. Analysts were expecting a loss per share of 16 cents on a turnover of $ 255.9 million, according to FactSet. The same-store sales increase of 0.3% of the company is also lower than the 0.4% increase expected by analysts.

– Fred Imbert and Elizabeth Myong of CNBC contributed to this report.