Midday movers: CVS Health, Apple, and more

December 06, 2023 04:20 AM AEDT | By Investing
Follow us on Google News:
(Updated - December 5, 2023 12:14 PM EST)

Investing.com – Main U.S. indexes were mixed on Tuesday. Data on job openings in October hinted at easing of labor demand, fueling hopes the Fed would consider lowering interest rates before the middle of next year, but investors were cautious ahead of Friday’s official November payrolls number.

Here are some of the biggest U.S. stock movers today:

Take-Two (NASDAQ:TTWO) Interactive Software (TTWO) stock fell 1.8% after the video game company released the first trailer for its highly-anticipated "Grand Theft Auto VI" title, saying it "coming 2025", later than previously expected.

Gitlab (GTLB) stock soared 13% after the open-source cloud repository company reported better-than-expected third quarter results and offered healthy guidance.

CVS Health (NYSE:CVS) stock rose 4% after the healthcare conglomerate forecast 2024 revenue above estimates, expecting to benefit from its expansion into healthcare services and strength in its insurance business.

Johnson&Johnson (NYSE:JNJ) stock declined 0.1% after the drugs company forecast revenue growth of 5%-6% for the next year, as it banks on strong demand for cancer treatments Darzalex and Carvykti and resilient sales of blockbuster drug Stelara.

Ermenegildo Zegna (ZGN) stock rose 1.7% after the Italian fashion group said it aims to grow its sales on average by more than 10% annually over the medium term, with profit rising twice as fast, after it bought U.S. brand Tom Ford (NYSE:F) earlier this year.

Designer Brands (NYSE:DBI) stock slumped over 30% after the footwear retailer cut its full-year guidance, saying the footwear market has contracted for the first time since the pandemic amid unseasonably warm weather.

JM Smucker (NYSE:SJM) stock rose 5% after the food packaging giant slashed its full-year financial guidance, citing the impact of its $5.6 billion acquisition of Hostess Brands (NASDAQ:TWNK), although it still posted better-than-anticipated second-quarter income.

Procter&Gamble (NYSE:PG) declined 2.8% after it announced a limited market portfolio restructuring of its business operations, primarily in certain Enterprise Markets, including Argentina and Nigeria, to address challenging macroeconomic and fiscal conditions.

Apple (NASDAQ:AAPL) climbed 2.1% after data suggested App Store revenue increased 11.3% year-on-year in its fiscal first quarter. Analysts at BofA referred to the data, originally compiled by analytics firm SensorTower, as “promising” in a note to clients.

Tesla (NASDAQ:TSLA) stock climbed 3.1% on heavy volume as positive momentum returned following a blip lowering after its Cybertruck event last week.

Additional reporting by Louis Juricic

This article first appeared in Investing.com


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK