The Carnival Paradise cruise ship arrives in port on June 30, 2017 in Havana, Cuba.
Alexander Kreutzmann | Mambo Photo | Getty Images
Here are the stocks making headlines in afternoon trading:
Carnival Cruise Lines — Shares of Carnival Cruise Lines rose 11% since the start of the pandemic during the second quarter, the travel company said. Carnival’s results missed estimates on the top and bottom lines. The company also reported that cash from operations turned positive in April and was positive for the second quarter.
fedex — FedEx said the logistics and delivery stock, up nearly 7%, expects adjusted earnings growth in its current fiscal year. FedEx reported mixed results for its fiscal fourth quarter, with adjusted earnings of $6.87 per share on revenue of $24.39 billion. Analysts surveyed by Refinitiv were looking for revenue of $24.56 billion for earnings per share of $6.86.
zendesk – Shares of the software company jumped 28% after the company announced a purchase deal With a slew of private equity firms including Hellman & Friedman and Permira. The all-cash deal values Zendesk at about $10.2 billion.
Microsoft After Citi, the shares of the tech company saw an increase of about 2% Named it “Top Pick” And that said, most of the selling is done in software stocks. Citi has high confidence in Microsoft’s double-digit growth and long-term pricing power, it said in a note on Friday.
Carmax Car dealership stock rose 6% after CarMax beat estimates on the top and bottom line. The company reported $1.56 in earnings per share on revenue of $9.31 billion. Analysts surveyed by Refinitiv were looking for $1.49 in earnings per share on revenue of $9.06 billion.
bosch health companies Health stock rose 18% after Bosch announced that Joseph Papa resigned from its board of directors. Papa is being replaced by investor John Paulson, who will serve as chairman of the board.
lending tree — The financial services stock fell more than 8% after LendingTree lowered its second-quarter guidance. The company now expects revenue between $259 million and $264 million, up from $283 million previously to $293 million. Inflation and rising interest rates have put pressure on its business, the company said in a release.
wolfspeed — Semiconductor stock jumped 11% after Goldman Sachs upgraded Wolfspeed to buy from neutral. Goldman said in a note that Wolfspeed is “strategically more bullish” after the stock’s recent drop.
iron Mountain – Shares jumped more than 3% Barclays begins coverage of overweight Iron Mountain rating. Analysts said the record storage company is up about 21% from Thursday’s close, as the business has “proved resilient” in recent years.
Wells Fargo Shares rose more than 7% after the Federal Reserve passed the central bank on Wells Fargo among other big banks annual stress test, Wells Fargo has maintained strong capital levels to weather a severe recession, the central bank said. Wells Fargo did not see an increase in its stressed capital buffer, unlike some of its peers.