Several companies made headlines in midday trading with their stock performances. Target saw its shares surge 12% following second-quarter results that exceeded Wall Street’s expectations, with sales growing by approximately 3%. JD.com, on the other hand, experienced a more than 5% decline in its U.S.-traded shares after Walmart confirmed it was selling its stake in the Chinese e-commerce company. Macy’s saw a significant drop of over 12% in its stock value as the department store slashed its full-year sales outlook due to increased promotions and changing consumer behavior. Toll Brothers, a homebuilding company, had its stock surge by 6% after beating Wall Street’s earnings expectations and providing positive forecasts for full-year deliveries and pricing. Similarly, TJX Companies, which owns retailers like T.J. Maxx and HomeGoods, experienced a 6% increase in its shares after raising full-year guidance and reporting strong sales for the quarter.
Analog Devices, a semiconductor company, gained 2% after its fiscal third-quarter results surpassed expectations, with adjusted earnings per share of $1.58 exceeding analysts’ predictions. Revenue of $2.31 billion also exceeded the expected $2.28 billion. Beauty company Coty rallied about 6% despite posting disappointing fourth-quarter results and offering weak guidance for fiscal 2025. Glassmaker Corning saw its stock rise more than 2% after an upgrade to outperform from Mizuho, citing an attractive entry point following a recent pullback in shares. Texas Instruments, another semiconductor company, gained nearly 3% after Citi upgraded its shares to a buy rating, expecting a rebound in operating margins. Keysight Technologies, an electronics company, saw a 12% increase in its shares after surpassing revenue expectations in the fiscal third quarter with $1.22 billion in revenue, higher than the $1.19 billion expected by analysts.
Target’s strong performance in the second quarter, with sales growing by 3% and surpassing Wall Street’s expectations, led to a 12% surge in its shares. However, Macy’s faced challenges as its shares plummeted over 12% following a slashed full-year sales outlook due to increased promotions and evolving shopper preferences. Toll Brothers’ stock soared by 6% after the homebuilding company beat earnings expectations and provided positive forecasts for full-year deliveries and pricing. TJX Companies experienced a 6% increase in its shares after raising full-year guidance and reporting robust sales in the recent quarter. Analog Devices’ stock gained 2% after exceeding expectations in its fiscal third-quarter results, with adjusted earnings per share of $1.58 and revenue of $2.31 billion beating analyst predictions. Coty rallied 6% despite disappointing fourth-quarter results and weak guidance for fiscal 2025.
Corning’s stock rose more than 2% after an upgrade to outperform by Mizuho, citing an attractive entry point following a recent pullback in shares. Texas Instruments saw a nearly 3% gain as Citi upgraded its shares to a buy rating, expecting a rebound in operating margins. Keysight Technologies experienced a 12% increase in its shares after surpassing revenue expectations in the fiscal third quarter with $1.22 billion in revenue, higher than the $1.19 billion expected by analysts. JD.com, however, faced a decline of over 5% in its U.S.-traded shares after Walmart confirmed it was selling its stake in the Chinese e-commerce company. Despite challenges, the companies in midday trading showcased various performances, with some facing setbacks while others saw significant stock surges and positive outlooks for the future.
