A man wearing a protective mask enters a chipotle restaurant in San Francisco, California, USA, on Monday, April 19, 2021.
David Paul Morris | Bloomberg | Getty Images
Check out the companies that made headlines in the midday transaction.
Carmax – Carmax shares fell more than 8% after reporting a beat on revenue but a miss in earnings for the most recent quarter. The auto retailer has earned 98 cents per share, below the consensus estimate of $ 1.25 per share.
CrowdStrike – Shares of the cybersecurity company jumped 3.7% after Goldman Sachs upgraded its stock from “neutral” to “buy”. The agency said the business power of the crowdstrike has been neglected recently and it is “in a good position to sweeten the demand.”
PG&E – Shares of the utility company rose 3% after agreeing to pay $ 55 million for two fires in Northern California. As part of the agreement, PG&E will not face any criminal charges.
Cisco Systems – Shares of the network technology company fell nearly 1% after Citi downgraded to sell Cisco from neutral, lagging behind the broader market. A City analyst said in a note to clients that Cisco was losing market share to its competitors.
Hewlett-Packard Enterprise – Hewlett-Packard Enterprise shares fell 1% as Morgan Stanley downgraded the stock from its equivalent weight and said it expects the stock to perform less next year.
Chegg – Shares of Chegg fell 5.5% after a downgrade by KeyBanc Capital Markets. Analysts have downgraded Cheg from overweight to sector weight, saying the company reported lower growth in the United States in its first quarter.
Chipotle – Restaurant chain shares rose 3.1% after starting stock coverage with Citi buy rating. The firm says Chipotle is “the best growth leader in the class.”
ALBERTSONS – Food retailer stock plunged 6.7% after reporting recent quarterly earnings. Albertsons beat on revenue and reported earnings of 75 cents per share, 11 cents higher than the consensus estimate.
Oil stocks – Fuel stocks rose on Tuesday as oil prices, which have been seen in recent weeks, bounced back above 100 100 a barrel. Marathon Oil, Devon Energy and Occidental Petroleum jumped 5.5%, 4.7% and 3.7%, respectively.
– Contributed by CNBC’s Jesse Pound, Hannah Miao, Tanaya Mitchell and Sarah Minn Reporting