IBM CEO Arvind Krishna attends a panel session at the World Economic Forum in Davos, Switzerland on May 24, 2022.
Holly Adams | Bloomberg | Getty Images
Take a look at the companies making headlines in Tuesday’s afternoon trading.
ibm – IBM shares slip 6.6% after tech company warns of potential A strong US dollar hit $3.5 billion, That alert led to better-than-expected earnings and revenue monitoring for the last quarter.
Boeing — Shares of the aerospace giant rose nearly 4% after Boeing announced several deals for aircraft orders, continuing an upward trend for the stock. The deals include orders for five 787 Dreamliners from Aircap and 737 MAX jets from Aviation Capital Group and 777 Partners. Boeing shares have climbed more than 10 percent in July.
Chipmakers – Semiconductor stocks moved ahead of a major Senate vote on the CHIPS Act, which could come as early as Tuesday. The law would give $52 billion in government subsidies to domestic chip makers. Marvel Technology, ASML Holding, Applicable Materials and advanced micro equipment All gained more than 4%. Intel, Qualcomm And NVIDIA All jumped over 3%.
Goldman Sachs — Shares of Goldman Sachs rose nearly 5% to lead the Dow Jones Industrial Average, based on the bank’s post-earnings gains. Other bank stocks traded higher with Goldman. bank of america advanced 2.7%, while JPMorgan Chase climbed 1.7%.
Travel stocks — cruise line and airline stocks jumped as investors continued to debate consumer health and the prospect of a recession — while travel demand remained strong. Royal Caribbean, CARNIVAL And Norwegian Cruise Line There was an increase of 6.6 percent, 7.6 percent and 3.6 percent, respectively. joint, delta And American All traded above 3%, while Southwest 2.9% advanced.
Hasbro Hasbro shares rose 2% after the company reported earnings per share that beat Wall Street’s forecast. The toymaker’s revenue was slightly below analysts’ expectations. Hasbro’s bottom line was driven somewhat by strong Demand for tabletop games and high prices,
halliburton — Halliburton shares rose more than 1% on better-than-expected quarterly earnings and revenue. The oil services company posted earnings of 49 cents per share on revenue of $5.07 billion. Analysts polled by Refinitiv expected a profit of 45 cents per share on revenue of $4.71 billion.
Payab -Ford shares jumped nearly 6% on Tuesday. A day earlier, the company unveiled its latest pickup truck, the F-150 Raptor. The truck is the most powerful, with 700 horsepower, and the most expensive, starting at $109,000.
Exxon Mobil – Exxon Mobil up 2.3% Piper Sandler upgrades the company For more weight than neutral and said stock has scope to gain another 25%. The firm expects strong second quarter results from the company.
— CNBC’s Samantha Subin and Jesse Pound contributed reporting