Welcome to Extreme Investor Network, where we provide you with the latest updates on the companies making headlines in the finance world. Today, we are diving into the midday trading activity of some of the biggest players in the market.
Target, the retail giant, saw its shares surge by 12% on second-quarter results that exceeded Wall Street’s expectations. Despite maintaining a cautious outlook, the company reported a roughly 3% growth in sales.
Meanwhile, JD.com, the Chinese e-commerce company, experienced a dip of more than 5% after Walmart confirmed it was selling its stake in the online retailer. On the other hand, Macy’s shares plummeted by over 12% as the department store slashed its full-year sales outlook due to increased promotions and selective shoppers.
On a more positive note, Toll Brothers, the homebuilding stock, saw a 6% surge after surpassing Wall Street’s earnings expectations and raising its full-year deliveries and pricing forecast. TJX Companies, the owner of popular retailers like T.J. Maxx and HomeGoods, also experienced a 6% jump in shares after raising its full-year guidance and reporting strong sales.
In the semiconductor industry, Analog Devices gained 2% following fiscal third-quarter results that beat expectations, while Texas Instruments saw a nearly 3% gain after a buy rating upgrade from Citi. Keysight Technologies also saw a 12% increase in shares after topping revenue expectations in the fiscal third quarter.
At Extreme Investor Network, we provide in-depth analysis and unique insights into the latest market trends and company news. Stay tuned for more updates and expert commentary on the ever-changing world of finance.