Brighthouse Financial: The Brighthouse Company reported that the group, led by Aquarian Holdings, is in talks to pay Brighthouse Financial between $65 and $70 per share, followed by insurance companies surged 26% after the insurers surged 26% after reporting that a group led by Brighthouse Holdings was in talks to pay Brighthouse Financial between $65 and $70 per share. Scholar-Publisher stocks fell nearly 11%. Scholastic recorded a loss of $2.52 per share for the first quarter. This excludes items that are wider than the $2.13 per share loss seen in the same period last year. Newmont, Aura Mining – Newmont and Aura Mining stock moved in the opposite direction after Newmont announced it had sold Aura’s shares for $439 million. Newmont rose more than 4%, while Aura fell about 7%. Solaredge Technologies – Solar stock rose 4%, with a massive surge of 24% that week. The move comes after the Federal Reserve reduced its benchmark rate on Wednesday. Solar stocks tend to work well when monetary policy is eased. This allows space businesses to rent at a lower cost. FedEx – Stocks accounted for 3% behind the revenue report, which exceeded first quarter expectations. FedEx scored an adjusted $3.83 per share with $222.4 billion in revenue, but analysts voted on LSEG’s forecast, with revenues of $3.59 per share and revenues of $216.6 billion. Intel – Tech stocks pulled back 2% from 2% after a huge hit day when stocks skyrocketed 22%. The rally came after Nvidia said it would invest $5 billion in Intel as part of a joint development with a troubled chip maker and a deal with PC chips. However, Citi said it has downgraded its shares and sold from neutral Friday, saying it is successful in a cutting-edge foundry business that it considers the stock to be minimally likely to succeed. LENNAR – After home builders’ third quarter revenues fell 3.7%, reaching $88.1 billion against the $900 million predicted by analysts surveyed by LSEG. However, revenues exceeded the estimate, coming in at $2.29 per share compared to the consensus estimate of $2.10 per share. Apple – JPMorgan hiked Apple’s price target from $255 to $280, increasing its stock price by 3%. The Wall Street company said demand for the new slate of Apple’s new iPhone, which was sold Friday, is strong based on early sales across Asia. Klaviyo – After Morgan Stanley upgraded the email platform company from equal weight to overweight, the stock has risen by more than 4%, and Klaviyo says it is expanding market opportunities to support durable growth. -CNBC’s Alex Hurling, Yun Lee, Sean Conlon, Michelle Fox, Fred Invert and Sarah Min contributed the report.
Noon stock making the biggest move: BHF, LEN, AAPL, FDX
