May 17, 2022

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Twitter, Johnson & Johnson, WeWork, and more

Twitter, Johnson & Johnson, WeWork, and more

Vials labeled “Coronavirus Vaccine” and a syringe appear in front of the Johnson & Johnson logo displayed in this illustration taken on February 9, 2021.

Dado Rovich | Reuters

Check out which companies are making the headlines at midday Tuesday.

Johnson & Johnson – Shares of the pharmaceutical and consumer giant rose 3% after the company Exceeding profit expectations in the first quarter Report. However, J&J cut its full-year sales and profit forecasts and stopped providing guidance on Covid-19 vaccine revenue due to global oversupply and demand uncertainty.

Twitter The social media giant’s shares fell 1% on the news Apollo Global Management It is said to think Funding a potential Twitter acquisition. The company is certainly not interested in joining the private equity consortium in a bid to buy. Apollo stock rose 2.8% after the report.

Airlines shares – Airlines shares jumped after The Transportation Security Administration said it no longer enforces mask authorizations on planes. The news comes after a federal judge in Florida ruled that the CDC had overstepped its authority with the mandate. shares deltaAnd United Airlines And American Airlines It rose 3.1%, 4%, and 5.7%, respectively.

Black stone Blackstone stock rose 4.6%. News that she is buying a student housing company American Campus Communities In a deal valued at around $13 billion. American Campus shares rose 12.7% on the news.

Halliburton — Shares of the oilfield services giant fell 1% even after Halliburton beat last-quarter estimates and raised its forecast for North American customer spending for the year.

financial citizens The bank reported better-than-expected quarterly results, sending its stock up more than 7%. Citizens earned a profit of 93 cents per share on revenue of $1.65 billion. Analysts expected earnings of 92 cents per share on revenue of $1.64 billion, according to Refinitiv. The company’s net interest margin also exceeded analyst expectations.

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travelers The insurer reported better-than-expected earnings and returns for the previous quarter, thanks in part to lower catastrophe losses, but the stock fell more than 5%. Piper Sandler noted that the company’s “core margins were worse than expected” for the quarter.

WeWork WeWork stock jumped 11.9% after Piper Sandler Office sharing company coverage started with overweight rating. Analysts said WeWork is approaching profitability as it focuses on its balance sheet and the popularity of flexible working continues to grow.

Lululemon – Shares of the apparel retailer jump nearly 5% after Trust Lululemon upgrade to buy from waiting. Analysts expect a “strong” five-year outlook at the upcoming Lululemon Analyst Day with more details about new products and plans to expand internationally. Troist also believes that a company can easily pass on higher costs to consumers in an inflationary environment.

power plug – Plug Power stock rose 9.3%, the company announced a partnership with it Walmart To supply green liquid hydrogen.

Hasbro Hasbro shares rose 4.5% after the toy maker reported stronger-than-expected revenue for the previous quarter. Sales from the company’s consumer products segment also exceeded analyst expectations.

CNBC’s Yun Lee, Hana Miao, and Sarah Min contributed reporting