October 5, 2022
Netflix, Adobe, Wynn Resorts, Humana and more

The world headquarters of Adobe Systems is located in San Jose, California.

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Learn about the companies making headlines in mid-day trading.

Netflix – The streaming stock rose 7% after Evercore ISI upgraded Netflix to an outperform rating and said its stock could rally more than 30% as it rolls out an ad-supported service and passwords Breaks down sharing.

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Here are Thursday’s biggest analyst calls: Tesla, Wynn, Netflix, Nordstrom, Marriott, Fischer and more

Adobe – Shares of Adobe fell 15% after it was acquiring a design software firm known as Figma for about $20 billion in cash and stock. The company outperformed earnings estimates for the period but shared mixed guidance for the current quarter.

ORACLE – Shares of the software company fell another 2%, extending a 5% sell-off from the previous session on weak earnings. According to Refinitiv, Oracle’s earnings adjusted for $1.03 per share, compared to $1.07 per share expected by analysts. However, its revenue met expectations.

Rail stocks – Select rail stocks rose after the announcement of a temporary, last-minute deal between rail companies and unions representing their workers. Union Pacific and Norfolk Southern climbed below 1.6% and 1%, respectively. CSX Corp. despite ticking off in extended trading before the bell. was down more than 2%.

Wynn Resorts — Shares jumped 8% after Credit Suisse upgraded Wynn Resorts to outperform, saying casino stock could nearly double after expanding its Hotel Convention Center in Las Vegas.

‘Buy now, pay later’ stocks – Shares of leading “buy now, pay later” stocks slipped on the back of a report from the Consumer Financial Protection Bureau, which called for more oversight in the sector. PayPal and Affirm Holdings both fell less than 1%, while Block’s stock gained about 2%.

Fisker – The electric vehicle maker’s stock price jumped 3.6% as demand for electric vehicles accelerated when Needham began coverage of Fisker with a buy rating. Tesla shares rose nearly 1% amid an upgrade from underperform to a hold rating.

Humana — Humana shares climbed nearly 7% Raising Your Earnings Guidance for the financial year. Health insurance company also announced a new addition to its board of directors.

Nordstrom — The department store’s stock rose 2% after Jefferies upgraded it to a buy rating. In a note to clients, the firm said Nordstrom is better positioned than some of its peers during the recession.

Decker Outdoors — Deckers Outdoor’s stock rose more than 2% after Wedbush upgraded the footwear company to outperform, saying in a note to customers that it was well-positioned to ride out a tough retail environment. Is.

Danaher – Shares of the medical technology company were up about 1% the day after the announcement spin-off plans for its environmental and applied sciences unit.

NextEra Energy – NextEra Energy fell 3% a day after the alternative energy company said Plans to sell $2 billion in equity units,

Arconic Corp. — Shares of the construction company fell nearly 15% after Arconic cut its full-year forecast amid higher energy costs and dwindling demand in Europe.

Shares of the winemaker fell 8% after Duckhorn Portfolio — JPMorgan downgraded from overweight to neutral. JPMorgan said it still prefers Duckhorn, calling the company’s long-term and operating performance track record since its initial public offering “impressive.” However, the firm is concerned that Duckhorn’s guidance could disappoint.

— CNBC’s Alex Haring, Michelle Fox, Yun Lee and Sarah Min contributed reporting.

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