Ryanair planes are seen at Dublin airport, following the outbreak of the coronavirus disease (COVID-19), in Dublin, Ireland.
Jason Cairnduff | Reuters
Take a look at the companies making headlines in afternoon trading on Monday.
newmont Shares of Newmont fell 11.9% after the mining company reported disappointing second-quarter profit. The company reported earnings of 46 cents per share, compared to the Refinitiv consensus forecast of 63 cents per share.
world Wrestling Entertainment – Shares of World Wrestling Entertainment jumped more than 7% after Loop Capital upgraded and raised its price target “based on a higher likelihood that the company is sold with Vince McMahon stepping down” ” McMahon, WWE’s top shareholder, being Investigated for claims of sexual misconduct And left the position of CEO on Friday.
JD.com – Chinese e-commerce company climbs 2% Morgan Stanley calls JD.com a “catalyst-driven idea.” The Wall Street firm said it was particularly bullish on JD.com in August earnings, as revenue growth is expected to accelerate from June’s levels.
Ryanair — Ryanair shares rise more than 4% Budget airline reports quarterly earnings Which beat Wall Street’s profit forecast. The company is also expected to return to pre-Covid profit levels this year or next, even if the recovery is fragile.
PHILIPS Shares of the Dutch medical device maker fell nearly 7% after the company reported weak quarterly earnings, citing lockdowns and supply chain issues in China. It also lowered its estimate of full-year sales growth from 3% to between 1% and 3% to 5%.
Lam Research — Semiconductor equipment company shares slip nearly 2% after Barclays Downgraded the stock to the same weightis saying in a note to customers that despite the recent boom, the semiconductor industry is due for improvement.
Diamondback Energy – Energy stocks edged up or oil prices edged higher on Monday. Diamondback Energy jumped 5.7%, while Marathon Oil advanced 5.1%. Valero and Hayes each gained more than 4%.
— CNBC’s Yun Li, Tanaya Macheel, Samantha Subin and Carmen Reinicke contributed reporting