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Today's Morning Movers and Top Ratings: LOW, BBY, A, MDT and More

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Movers and Shakers wrote a column · Nov 21, 2023 20:53
Morning Movers
Gapping up
$Agilent Technologies (A.US)$ stock rose 6.7% after the healthcare equipment provider beat expectations in its fourth quarter, despite what CEO Mike McMullen called a “challenging year for the industry.”
$Medtronic (MDT.US)$ stock rose 2.2% after the medical device manufacturer raised its annual revenue and earnings outlook following "broad-based, diversified" growth in its fiscal second quarter.
$Symbotic (SYM.US)$ stock soared over 20% after the warehouse automation company easily beat expectations for its fiscal fourth quarter and guided the market higher for the current period.
Gapping down
$Lowe's Companies (LOW.US)$ stock fell 4.4% after the home improvement retailer cut its full-year financial guidance, saying it was hit by a larger-than-anticipated pullback in consumer spending on big-ticket items in its third quarter.
$Best Buy (BBY.US)$ stock fell 5.3% after the consumer electronics company slashed its full-year revenue outlook, projecting a decline in comparable sales in the key holiday quarter.
$Kohl's Corp (KSS.US)$ stock fell 4.4% after the department store chain posted a bigger than expected drop in quarterly sales, as customers spent less dollars amid persistently high inflation.
$Zoom Communications (ZM.US)$ stock fell 0.3% as although the video conferencing platform raised its annual revenue and profit forecasts after beating expectations in its third quarter, its glory days appear to be over with year-on-year growth non-existent.
Source: CNBC; Investing.com
US Top Rating Updates on 11/21
Today's Morning Movers and Top Ratings: LOW, BBY, A, MDT and More
Source: Dow Jones
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