Check out the companies that made headlines in intraday trading: Bath & Body Works — The Ohio-based personal care company rose more than 16%, its fastest pace since November 2022. The retailer raised its full-year adjusted profit forecast, saying it expected the annual sales decline to narrow on strong demand for personal care products and new stores. Robinhood — Robinhood soared 5% after Morgan Stanley upgraded the financial services provider to Overweight, citing positive news from President-elect Donald Trump’s impending second term in office. Macy’s — The New York-based retailer postponed releasing its full third-quarter financial results after it was discovered that employees intentionally made incorrect accounting entries to hide delivery costs. We suffered a loss of 3%. This error occurred over several years and amounted to $154 million. Macy’s said the accounting problems do not appear to have affected its cash flow. Meanwhile, sales for the third quarter fell 2.4% to $4.74 billion. Target — The retail chain rose 4.6% after Mr. Oppenheimer named it a top pick, citing an improvement in the risk-reward distortion of the battered stock. Target’s stock price has fallen about 12% since the beginning of the year, and the company said its 3.6% dividend yield is very “attractive.” AGCO — The agricultural equipment maker has been suspended for five years after Tractors and Farm Equipment Limited, its largest shareholder with a 16.3% stake and a member of the board of directors, filed a motion to separate the roles of chairman and CEO. % rose. “His concurrent roles as chairman and CEO were not in the best interests of shareholders and led to suboptimal strategic and capital allocation decisions,” the investor said. “Even if you own 16% of the stock, it’s hard to win a battle like this,” Gordon Haskett Research Advisors said Monday. Intel — Shares rose more than 3%. CNBC reported, citing sources familiar with the matter, that chipmakers are in talks with the Commerce Department to finalize $8 billion in subsidies under the CHIPS Act. US Bancorp — The Minneapolis-based regional bank rose 2% following an upgrade from buy-neutral by Citigroup, which said US Bancorp’s spending is “turning the corner.” Abercrombie & Fitch — The retailer rose 4% ahead of its expected third-quarter earnings release Tuesday morning. Analysts expected quarterly earnings of $2.39 per share and revenue of $1.19 billion, according to FactSet data. Investors have grown enthusiastic about the retailer after Gap raised its full-year outlook last week and said the holiday season is off to a strong start. Arm Holdings — Shares of the British chip design company rose 4%. UBS initiated coverage with a buy rating, saying the stock should benefit from artificial intelligence-driven growth across its end markets and data center businesses. Santander — The Spanish bank’s ADR rose 2%. Morgan Stanley upgraded Santander from equal weight to overweight, citing the “resilience of its regional footprint” and “improving capital generation prospects.” SUPER MICROCOMPUTER — Volatile AI Server stock soars 11%, piling on 78% gain last week after announcing BDO as new auditor and laying out plan for how to maintain Nasdaq listing Ta. Scalar Rock Holdings — The biotech soars 34% after rival Biohaven says its T-alpha drug failed to achieve statistically significant results in treating spinal muscular atrophy did. In response, Piper Sandler, Trust Securities, and Wedbush all raised their price targets for Scalar Rock. —CNBC’s Hakyung Kim, Jesse Pound, Yun Li, Michelle Fox, Pia Singh and Scott Schnipper contributed reporting.
Stocks with the biggest price movements at noon: BBWI, HOOD, M
