Newmont, World Wrestling Leisure, Ryanair & extra

Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus illness (COVID-19), Dublin, Eire.

Jason Cairnduff | Reuters

Try the businesses making headlines in noon buying and selling Monday.

Newmont — Newmont shares tumbled 13.2% after the mining firm reported a disappointing second-quarter revenue. The corporate reported earnings of 46 cents per share, in contrast with a refinitiv consensus forecast of 63 cents per share.

World Wrestling Leisure — Shares of World Wrestling Leisure jumped greater than 8.4% after Loop Capital upgraded and raised its worth goal on them “based mostly on a better chance that the corporate is bought with Vince McMahon stepping down.” McMahon, WWE’s prime shareholder, is being investigated for sexual misconduct claims and stepped down as CEO on Friday. — The Chinese language e-commerce firm climbed 2.3% after Morgan Stanley named a “catalyst-driven concept.” The Wall Road agency stated it is significantly bullish on heading into earnings in August, as income progress is anticipated to speed up from June’s stage.

Ryanair — Shares of Ryanair surged 4.6% after the finances airline reported quarterly earnings that beat Wall Road’s revenue estimates. The corporate additionally expects to return to pre-Covid revenue ranges this yr or subsequent, regardless that the restoration is fragile.

Philips – The Dutch medical gear maker’s shares fell 7.2% after the corporate reported weaker-than-expected quarterly earnings, citing lockdowns in China and provide chain points. It additionally reduce its estimate for full-year gross sales progress to between 1% and three%, down from 3% to five%.

Lam Analysis — Shares of the semiconductor gear firm slipped 1.4% after Barclays downgraded the inventory to equal weight, saying in a be aware to purchasers that, regardless of a current bounce, the semiconductor business is due for a correction.

Diamondback Power — Power shares surged on the again or rising oil costs Monday. Diamondback Power jumped 5.8%, whereas Marathon Oil superior 6.6%. Valero and Hess gained 5.1% and 4.9%, respectively.

Vacationers — Shares jumped 2.3% after Raymond James upgraded Vacationers to a robust purchase. Raymond James believes the insurance coverage inventory, which is up 2.3% this yr, will proceed to outperform.

—CNBC’s Yun Li, Tanaya Macheel, Samantha Subin and Carmen Reinicke contributed reporting.

Written by trendingatoz

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