At a Best Buy store in Orlando, Florida, an employee brings a TV to a customer’s car.
Paul Hennessy | SOPA Image | Light Rocket | Getty Images
Check out the companies that made the headlines in midday trading.
Energy stocks-Energy stocks led the rise of the S&P 500 on Monday, as oil prices climbed, as the global pandemic began to ease, and the rebound in demand caused supply concerns. West Marex, Cabot, Rattlesnake with Marathon oil Rose more than 6%. The west An increase of more than 7%. Halliburton It followed closely with an increase of more than 5%.
Financial stocks-The stocks of financial institutions also rose as the benchmark 10-year US Treasury bond yield climbed above 1.5% on Monday morning. Lincoln National with M&T Bank Rose more than 5%, while MetLife Up by about 4%. Road Fu Street Increased by more than 3%. Bank stocks tend to benefit from rising interest rates because they can bring higher profit margins and profits.
Best Buy – Best Buy shares rose 4.8% after Piper Sandler Raise target price Raise the stock from US$146 to US$150 per share. The new forecast implies a 43.2% upside potential from Best Buy’s closing price on Friday. Piper Sandler called Best Buy “one of the top ideas we covered” and stated that Best Buy’s new membership program is “one of the most interesting initiatives BBY has launched in 5 years.”
Altis – The broadband and video company’s stock was downgraded to Credit Suisse Outperform neutralThe Wall Street company said that Altice may be negatively affected in the short-term by its aggressive optical fiber construction strategy.
Carnival Company – The cruise operator’s stock rose 4.7% after the company’s announcement Upbeat business update on FridayThe Carnival stated that its “cash flow for the voyage is already positive” and expects this positive trend to continue. The company reported that the US GAAP net loss for the third quarter of 2021 was US$2.8 billion, and the adjusted net loss was US$2 billion.
Vaccine Makers – Makers of Covid-19 vaccines fell as Singapore reported daily records of Covid cases and set five new daily highs in the past week. The two main vaccines used in Singapore are those developed by Pfizer BioNTech and Moderna.Pfizer was roughly flat on Monday, but Biological Technology with Modern They were down 6.8% and 4.7% respectively. Novax Also dropped by more than 7% Vacuum cleaner The loss exceeds 3%.
Acceleron Pharmaceuticals -Acceleron shares rose 4.8% after Bloomberg reported on Friday that the company was negotiating to be acquired by an unnamed large pharmaceutical company at a price of approximately $180 per share. Bristol-Myers SquibbAccording to reports, the company already owns 11.5% of Acceleron and is one of the potential candidates under consideration.
— CNBC’s Hannah Miao, Maggie Fitzgerald and Yun Li provided reporting
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