Monday, March 1, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Trade News Today
Advertisement
  • Home
  • Trade News
    • All
    • Business
    • Cryptocurrency
    • Dow Jones
    Domestic trade of goods plunges in Q4

    Domestic trade of goods plunges in Q4

    Griddy: Texas attorney general sues electric company that sent huge bills during

    Griddy: Texas attorney general sues electric company that sent huge bills during

    China Charges Ahead With a National Digital Currency

    China Charges Ahead With a National Digital Currency

    Did You Just Miss 1 of the Stock Market’s 20 Best Days Ever? Don’t Panic

    Did You Just Miss 1 of the Stock Market’s 20 Best Days Ever? Don’t Panic

    Global 3D Concrete Printing Market – Growing Trade Among Emerging Economies

    Global 3D Concrete Printing Market – Growing Trade Among Emerging Economies

    Latest Covid-19 vaccine and world news

    Latest Covid-19 vaccine and world news

    ($BTC), Tesla Motors, Inc. (NASDAQ:TSLA) – Dogecoin Gets New Wings With

    ($BTC), Tesla Motors, Inc. (NASDAQ:TSLA) – Dogecoin Gets New Wings With

    Uber Eats Reunites ‘Wayne’s World’ for a Super Bowl Ad

    MTN Nigeria 4Q Net Profit, Revenue Rise

    Global Pre-Trade Risk Management Solution Market Size, Analytical Overview,

    Global Pre-Trade Risk Management Solution Market Size, Analytical Overview,

    • Business
    • Dow Jones
    • Cryptocurrency
  • Investing
    • All
    • Automobiles
    • Diamonds
    • Gold
    • Oil & Gas
    • Real Estate
    Gov. Cuomo’s Administration Hires Criminal Defense Lawyer

    Gov. Cuomo’s Administration Hires Criminal Defense Lawyer

    Retailers and CRE Companies Optimistic About Strong Recovery, Continued

    Scorpio Gold Updates Reporting at Mineral Ridge Project

    Fancy Contrarian Opportunity

    Fancy Contrarian Opportunity

    Venezuela’s oil exports rose in February pushed by larger fuel oil sales to

    Venezuela’s oil exports rose in February pushed by larger fuel oil sales to

    The Florida housing market is booming. Is a crash ahead? | Florida Trend Real

    The Florida housing market is booming. Is a crash ahead? | Florida Trend Real

    Fiat Chrysler Automobiles pleads guilty in U.S. labor probe By Reuters

    Fiat Chrysler Automobiles pleads guilty in U.S. labor probe By Reuters

    Tesla alternatives in the EV battery market

    Tesla alternatives in the EV battery market

    Polymetal upbeat on growth in ore reserves

    Polymetal upbeat on growth in ore reserves

    (Stock Symbol: BGDAF) Boasts an Impressive Mining Team Focused on Proven

    (Stock Symbol: BGDAF) Boasts an Impressive Mining Team Focused on Proven

    • Real Estate
    • Diamonds
    • Gold
    • Oil & Gas
    • Automobiles
  • Forex Analytics
    • All
    • Central Bank Views
    • Market Overviews
    Gold Futures Snap Six-session Losing Streak, Settle Modestly Higher

    Italy Consumer Prices Rise Unexpectedly In February

    First-step analysis: cryptoasset trading in Singapore

    2020 in Financial Services – Lexology

    EUR/CHF Daily Outlook | Action Forex

    EUR/CHF Daily Outlook | Action Forex

    RBA Extends Asset Purchases of AUD 100B Until September

    RBA Preview – Assessing Impacts of Rising Yields on Economy after Unexpected

    Will USD/CAD, WTI Fall as Long Bets Rise?

    Will USD/CAD, WTI Fall as Long Bets Rise?

    FinanceFeeds | SEC boosts ESG oversight to address corporate greenwashing

    FinanceFeeds | SEC boosts ESG oversight to address corporate greenwashing

    Juyeol Lee: New Year Speech

    What 31 provinces reveal about growth in China

    USD/CHF Weekly Outlook | Action Forex

    USD/CHF Weekly Outlook | Action Forex

    Juyeol Lee: New Year Speech

    Digital currencies and the future of the monetary system

    • Central Bank Views
    • Market Overviews
  • Politics
  • Business
  • Markets
  • Retail
  • Personal Finance
Trade News Today
No Result
View All Result
Home Investing

Kohl’s, Royal Caribbean, Discovery and more

February 22, 2021
in Investing
4 min read
Kohl’s, Royal Caribbean, Discovery and more
Share on FacebookShare on Twitter


Here are the companies making headlines in midday trading.

Kohl’s Corporation – The retailer’s shares jumped more than 9% after a group of activist investors nominated nine directors for the company’s board, while also pushing for other changes. Together the group holds a 9.5% stake in Kohl’s. The proposed changes could lead to as much as $8 billion in savings, according to the group. The investors previously pushed for change at Bed Bath & Beyond.

Royal Caribbean – The cruise stock jumped more than 10% after Royal Caribbean said that future bookings are coming in at similar volumes and with higher average prices than pre-pandemic results. The company also reported a smaller-than-expected loss for the fourth quarter, based on analyst estimates compiled by Refinitiv.

Discovery – The media stock jumped more than 9% after the company said it expects to have 12 million subscribers for its new streaming service by the end of the month. Discovery’s fourth-quarter earnings and revenue beat Wall Street expectations, according to FactSet.

American Airlines, United, Delta – Airline stocks jumped in unison after Deutsche Bank upgraded the airline industry to a buy rating, saying the group is “back on track” amid an economic recovery from the pandemic-induced recession. “We are upgrading our investment stance on the sector as COVID cases, hospitalizations, and vaccination rates are all trending in the right direction,” the firm said. Shares of American Airlines jumped more than 10%, while Delta and United popped more than 6% each.

Goodyear Tire, Cooper Tire – The tire stocks soared on Monday after Goodyear announced that it would acquire its smaller rival. The deal is a mixture of cash and stock with an enterprise value of about $2.5 billion, according to the announcement. Shares of Goodyear jumped nearly 20%, while those of Cooper surged nearly 30%.

Tesla – Shares of the electric car maker dropped about 5% amid a rotation out of high-growth stocks. Tesla also fell below its 50-day moving average for first time since Nov. 16 on an intraday basis. Monday’s drop pared its 2021 gains to about 5%.

GameStop – Shares of the volatile video game retailer advanced more than 8% on Monday, though the stock still traded well below its recent highs. Keith Gill, who became the most famous of the social media traders involved in the stock during its dramatic spike, said in a Reddit post on Friday that he had bought another 50,000 shares of the company.

M&T Bank, People’s United Financial – The bank stocks rose on Monday after M&T announced that it had agreed to acquire the regional bank in an all-stock deal. The combined bank will hold about $200 billion in assets. Shares of M&T ticked up nearly 3%, while shares of People’s United jumped more than 14%.

Foot Locker – Shares of the retailer advanced more than 4% after Evercore ISI upgraded the stock to an outperform rating. “The company has been making the necessary course corrections and strategic investments to secure its long-term position within the broader sneaker ecosystem, particularly on the digital front,” the firm wrote in a note to clients. Evercore also raised its target on the stock from $40 to $75, with the new target representing 44% upside from where shares closed on Friday.

Boeing – The aerospace company’s shares were up less than 1% in midday trading even after an engine failure over the weekend forced the company to recommend the suspension of older models of its 777 wide-body airliner. “While the NTSB investigation is ongoing, we recommended suspending operations of the 69 in-service and 59 in-storage 777s powered by Pratt & Whitney 4000-112 engines until the FAA identifies the appropriate inspection protocol,” the company said.

General Electric – Shares of the industrial company gained close to 4.5% after Goldman Sachs hiked its price target on the stock. The firm said in a note to clients that it believes the risks to its free cash flow estimates are to the upside in the year ahead.

Marriott – Shares of the hotel chained rose nearly 6.4% after Evercore ISI upgraded the stock to overperform from in-line. The firm said in a note that Marriott was the “best value” play in the lodging sector.

–CNBC’s Pippa Stevens, Yun Li, Michael Bloom and Rich Mendez contributed to this story.



Read More: Kohl’s, Royal Caribbean, Discovery and more

Tags: American Airlines Group IncBoeing CoBreaking News: Marketsbusiness newsCaribbeanCooper Tire & Rubber CoDelta Air Lines IncDiscoveryDiscovery IncEarningsEvercore Partners IncFoot Locker IncGameStop CorpGeneral Electric CoGoodyear Tire & Rubber CoInvestment strategyKohl's CorpKohlsM&T Bank CorpmarketsMarriott International IncPeople's United Financial IncRoyalRoyal Caribbean Cruises LtdTesla Inc.United Airlines Holdings IncUnitedHealth Group IncWall Street
Previous Post

‘Big Short’ investor Michael Burry says the stock market is ‘dancing on a

Next Post

M&T Bank Plans to Buy People’s United. Here’s What Wall Street Is Saying.

Related Posts

Gov. Cuomo’s Administration Hires Criminal Defense Lawyer

Gov. Cuomo’s Administration Hires Criminal Defense Lawyer

by Trade News
March 1, 2021
0

The administration of New York Gov. Andrew Cuomo has retained a prominent white-collar defense attorney as it grapples with...

Retailers and CRE Companies Optimistic About Strong Recovery, Continued

Scorpio Gold Updates Reporting at Mineral Ridge Project

by Trade News
March 1, 2021
0

VANCOUVER, British Columbia, March 01, 2021 (GLOBE NEWSWIRE) -- Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSXV: SGN)...

Fancy Contrarian Opportunity

Fancy Contrarian Opportunity

by Trade News
March 1, 2021
0

James Kwantes of Resource Opportunities discusses North Arrow Minerals and explains why he believes the state is set for...

Venezuela’s oil exports rose in February pushed by larger fuel oil sales to

Venezuela’s oil exports rose in February pushed by larger fuel oil sales to

by Trade News
March 1, 2021
0

By Marianna Parraga, Mircely Guanipa(Reuters) - Venezuela’s oil exports rose in February to over 700,000 barrels per day (bpd),...

The Florida housing market is booming. Is a crash ahead? | Florida Trend Real

The Florida housing market is booming. Is a crash ahead? | Florida Trend Real

by Trade News
March 1, 2021
0

The Florida housing market is booming. Is a crash ahead? The market’s sustained, gravity-defying bounce-back — while much of...

Next Post
M&T Bank Plans to Buy People’s United. Here’s What Wall Street Is Saying.

M&T Bank Plans to Buy People's United. Here's What Wall Street Is Saying.

0 0 vote
Article Rating
Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Today Trend News

Online Sleuths Believe Satoshi Nakamoto’s Bitcoin Stash Is a Blockchain Treasure

Online Sleuths Believe Satoshi Nakamoto’s Bitcoin Stash Is a Blockchain Treasure

February 7, 2021
Retailers and CRE Companies Optimistic About Strong Recovery, Continued

NOTIFICATION OF MANAGERS’ AND CLOSELY RELATED PARTIES’ TRANSACTIONS WITH

February 10, 2021
‘The Social Dilemma’ Trailer Shines Light on Social Media Manipulation

‘The Social Dilemma’ Trailer Shines Light on Social Media Manipulation

August 28, 2020
DAT and Axele Announce Strategic Partnership, Expanded Integration

DAT and Axele Announce Strategic Partnership, Expanded Integration

February 11, 2021
New Covid-19 trial tests mixing two different vaccines for first time

New Covid-19 trial tests mixing two different vaccines for first time

February 4, 2021
HMS Ranked Best in KLAS for Care Management Solutions (Payer) Second Year in a

HMS Ranked Best in KLAS for Care Management Solutions (Payer) Second Year in a

February 7, 2021
Forex technical analysis and forecast: Majors, equities and commodities

Forex technical analysis and forecast: Majors, equities and commodities

February 3, 2021
Forex Prepaid Cards Market Size, Global Analytical Overview, Key Players,

Forex Prepaid Cards Market Size, Global Analytical Overview, Key Players,

August 30, 2020

Don't miss it

Secure the retirement of your dreams with these easy moves
Personal Finance

Secure the retirement of your dreams with these easy moves

March 1, 2021
Domestic trade of goods plunges in Q4
Trade News

Domestic trade of goods plunges in Q4

March 1, 2021
Griddy: Texas attorney general sues electric company that sent huge bills during
Business

Griddy: Texas attorney general sues electric company that sent huge bills during

March 1, 2021
China Charges Ahead With a National Digital Currency
Cryptocurrency

China Charges Ahead With a National Digital Currency

March 1, 2021
Did You Just Miss 1 of the Stock Market’s 20 Best Days Ever? Don’t Panic
Dow Jones

Did You Just Miss 1 of the Stock Market’s 20 Best Days Ever? Don’t Panic

March 1, 2021
Gov. Cuomo’s Administration Hires Criminal Defense Lawyer
Investing

Gov. Cuomo’s Administration Hires Criminal Defense Lawyer

March 1, 2021
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 NewsForTrade.com

No Result
View All Result
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 NewsForTrade.com

wpDiscuz
0
0
Would love your thoughts, please comment.x
()
x
| Reply