Carnival, Nike, Match and more

Carnival, Nike, Match and more

Learn more about the companies that are making headlines in mid-day trading.

Carnival – Carnival shares rose 4% after cruises turned cash flow positive for the cruise line’s third quarter and is expected to continue. Norwegian Cruise Line shares gained 3.2% and Royal Caribbean shares rose 3%.

Match Group – Match Group shares rose 3.6% after the online dating platform announced Thursday that it would sell shares of its common stock in a registered direct offer. The price per share and the number of common shares issued will be calculated from the volume-weighted average price over the average five-day period starting Friday, the company said.

Merck – Shares of the pharmaceutical giant rose 1.2% on Friday after Merck and AstraZeneca announced that a treatment using the drug Lynparza gave positive results in a phase three trial. Trial results show that the treatment slows the progression of prostate cancer and shows a propensity for survival, the companies said.

Nike – Apparel inventory fell more than 6% after Nike cut its sales growth forecast for the entire year. The company said supply chain issues were slowing sales in Vietnam. Nike is now forecasting mid single-digit revenue growth for its 2022 fiscal year, down from previous forecast for weak double-digit growth.

Costco – The retailer’s shares jumped more than 2% after Costco’s fourth quarter results. The company beat both upper and lower estimates during the quarter, earning $ 3.90 per share excluding items of $ 62.68 billion in revenue. Analysts polled by Refinitiv were expecting $ 3.57 per share for revenue of $ 61.3 billion.

Salesforce – Salesforce extended Thursday’s profit, up 2.2% after Piper Sandler moved the stock from neutral to overweight, saying she is confident the company will make “a lot more gains over the course of the year. ‘a period of expansion of several years’. Can see. Stock jumped Thursday after the software company raised its revenue forecast for 2022.

Shares of the cryptocurrency exchange fell almost 1.6% even after Coinbase – Needham repeated the action as a buy. The cryptocurrency fell on Friday morning on news that China was launching yet another crypto crackdown. Coinbase derives 90% of its revenue from retail transactions, which are highly correlated with the prices of crypto assets, according to Needham, so that its stock price moves in tandem with that of cryptocurrencies.

Cheesecake Factory, Dave & Buster’s – The Cheesecake Factory and Dave & Buster’s added 4.4% and 5.2%, respectively, when Jefferies revalued the restaurant’s shares to buy take. “We are more positive on the full service category following delta / inflation selling and strong consensus forecasts,” said Jefferies.

Roku – Roku shares fell 3.8% after Wells Fargo downgraded the video streaming platform from overweight to equal weight. Wells Fargo has said that Roku’s revenue growth expectations are very high with increased competition.

– CNBC’s Jesse Pound, Pippa Stevens and Tanaya Machel contributed reporting

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