Today's Morning Movers and Top Ratings: HPE, CRWD, AMAT, TSM and More
Morning Movers
Gapping up
$CrowdStrike(CRWD.US$ Shares soared 10% after the cybersecurity firm posted better-than-expected first-quarter results and strong guidance. CrowdStrike reported adjusted earnings of 93 cents per share on $921 million in revenue, which was higher than the 89 cents on $905 million in revenue analysts had expected.
$Hewlett Packard Enterprise(HPE.US$The technology stock climbed 15% after reporting stronger-than-expected results for its fiscal second quarter. The company reported adjusted earnings of 42 cents per share on revenue of $7.2 billion, while analysts had expected per-share earnings of 39 cents on $6.82 billion of revenue.
$NIO Inc(NIO.US$ The electric vehicle manufacturer added 1% after the company won regulatory approval to build a third factory in China. The company also received permission to test its automated driving technology on roads.
$Applied Materials(AMAT.US$ , $KLA Corp(KLAC.US$ : The semiconductor equipment manufacturers added 2% each after an upgrade by Barclays.
$Instacart(Maplebear)(CART.US$Shares rose nearly 2% after an upgrade to buy from hold at research firm Gordon Haskett.
$Taiwan Semiconductor(TSM.US$ The semiconductor manufacturer rose 2% following the introduction of its 2nm chips.
$Deere(DE.US$stock rose 0.4% after the agriculture machinery manufacturer announced job cuts to save costs amid a downturn in farm equipment demand.
$Intel(INTC.US$stock gained 0.9% after buyout firm Apollo Global Management (NYSE:APO) agreed to purchase a 49% equity interest for $11 billion in a joint venture related to the chipmaker's Ireland manufacturing unit.
Gapping down
$Dollar Tree(DLTR.US$ The discount retailer slipped 2% after reporting first-quarter results that were in line with analysts’ expectations. CEO Rick Dreiling also said the company is exploring a sale of Family Dollar after acquiring the chain in 2015.
$PVH Corp(PVH.US$ Shares slipped more than 1% after the luxury clothing brand owner announced that Martijn Hagman, CEO of Tommy Hilfiger Global and PVH Europe, would be leaving the company. Despite reporting a first-quarter earnings and revenue beat and raising its full-year earnings guidance, shares fell.
$AMC Entertainment(AMC.US$ The movie theatre chain slipped 1%. The stock has rallied nearly 11% week-to-date as momentum around meme stocks grew.
Source: CNBC; Investing.com
US Top Rating Updates on 06/05
![Today's Morning Movers and Top Ratings: HPE, CRWD, AMAT, TSM and More](https://ussnsimg.moomoo.com/sns_client_feed/77777018/20240605/083ca9e1b584488381a0f02f78e3f121.jpg?area=100&is_public=true)
Source: Dow Jones
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