By Sam Boughedda
Investing.com -- US equities are gaining Thursday with the Nasdaq the biggest mover at +2.31%. Here are your midday movers on Thursday, May 26th.
- Alibaba Group ADR's (NYSE: BABA ), the Chinese e-commerce giant, is up 13.4% after it beat forecasts for its latest quarterly earnings and revenue. Its results were helped by online demand due to Covid-related lockdowns in China.
- GameStop (NYSE: GME ) shares jumped in early Thursday trading, with the stock currently 10% higher, despite Wedbush analysts maintaining an Underperform rating on the stock.
- Dollar Tree (NASDAQ: DLTR ) beat analyst consensus estimates when it reported first-quarter earnings before the bell. In addition, the discount store operator raised its full-year sales outlook, sending its shares 19% above Wednesday's close.
- Another discount store company, Dollar General (NYSE: DG ), also topped earnings and revenue expectations, sending its shares 12% higher. Comparable store sales fell less than anticipated, and the company raised its same-store sales guidance.
- Macy’s (NYSE: M ) stock has jumped 12% after the department store increased its full-year profit expectations as the company adds to the current trend of retailers experiencing strong apparel demand with consumers returning to work and attending social events.
- Baidu Inc (NASDAQ: BIDU ) is trading 12% higher midday Thursday after it topped first-quarter expectations, helped by its cloud services and artificial intelligence products.
- Kraft Heinz Co (NASDAQ: KHC ) stock has tumbled 7% after the stock was downgraded to Sell from Neutral at UBS. Analyst Cody Ross also cut the firm's price target on the stock to $34 from $40, stating the company is dealing with high inflationary pressures.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.