Check out the companies making headlines for noon deals. Applied Materials – Semiconductor manufacturer stocks fell 6% after Applied Material posted unfortunate fiscal second quarter revenues. The company’s revenue was $71 billion. The LSEG consensus was $7.13 billion. The $5.26 billion semiconductor revenue disappointed what the $5.31 billion analyst was looking for. Take-Two Interactive Software – After video game companies weaken unexpected guidance for year-round reservations, inventory slides 1.8%, with the figure expected to come between $5.9 billion and $6 billion. It missed the $7.82 billion StreetAccount consensus. Take-Two also forecasts $1.25 billion to $100 billion bookings for the current quarter, but analysts supply the pencils at $1.28 billion. Vistra – The power producer’s stake won 3% after the company purchased seven natural gas facilities from Lotus Infrastructure Partners for $7 billion. The gas plants are located in the PJM markets in New England, New York and California. Constellation Brands – Covid and model importers stocks rose 1.4% after Berkshire Hathaway doubled the company’s shares, putting its position at a value of about $2.2 billion. Galaxy Digital – The Mike Novogratz-led Crypto company began trading on Nasdaq on Friday, opening on the direct list at $23.50 per share. Galaxy Digital has been trading in Canada since 2020. CAVA – After the company repeated its year-round guidance on sales of the same restaurant, stocks in the restaurant chain fell by more than 2%, meaning a slowdown from its first quarter results. Cava said he achieved sales growth for the same store at 10.8%. However, they maintained a full year forecast of improvements of 6% to 8% in that category. According to LSEG, earnings per share of 22 cents for this period were ahead of its 14 cents per share forecast. Fiserv – Financial Services providers jumped over 4% as the stock recovered some of its sudden losses that week. Fiserv has fallen by more than 9% this week, and is one of the best-selling names on Wall Street, with a relative strength index of less than 30. Coinbase – Crypto exchange jumped over 9%, recovering losses from previous sessions. Some Wall Street analysts have been a Wall Street analysts who have caused overselling and opportunities to buy. On Thursday, the company confirmed that the Securities and Exchange Commission was investigating whether the user number was incorrectly wrong and investigating a 7.2% drop in stocks. Novo Nordisk – The stock grabbed 3% after the pharmaceutical company announced that CEO Lars Fruergaard Jorgensen would step down from his position, citing recent market challenges. Jorgensen, who has held position for the past eight years, will continue to be “a certain period of time to support a smooth transition to new leadership” as Novo Nordisk is looking for a successor. Doximity – The healthcare platform has issued weak guidance by dropping stock by 11.8%. Doximity expects first quarter interest, tax, depreciation or revenue adjusted prior to EBITDA between $71 million and $72 million. This is the expected $74 million shortfall from analysts voted by StreetAccount. Both the first quarter and full year revenue guidance also missed expectations. – Reported by Tanaya Macheel, Lisa Han, Jesse Pound and Michelle Fox of CNBC.
Noon stock making the biggest move: AMAT, NVO, CAVA, VST
