Bath and Body Works entrance.
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Check out which companies are making headlines in the midday trading.
Bath and Body Works Bath and Body Works rose 24 percent after reporting earnings per share that were more than double what analysts had expected. The retailer also raised its earnings per share guidance for the full year.
Norwegian Cruise Line – Shares of the cruise company fell 6% after downgrading twice to a level Underperforming rating from Credit Suisse. The bank said the shares are trading at a premium and investors can find better value in their cruise counterparts.
Messi Macy’s shares rose 14% after the department store It reported earnings and revenue that exceeded Wall Street’s expectations. It also raised its earnings forecast for the year but left revenue guidance unchanged.
Wholesale BJ’s – Shares fell 6% despite the company announcing better net profit and final results and raising its full-year earnings per share forecast. BJ’s also beat expectations for comparable store sales.
Ali Baba The multinational e-commerce company jumped 7.8 percent after reporting mixed earnings that beat earnings expectations but missed out on revenue. It also increased its share buyback.
kohl — The retail stock rose 3% after Kohl’s beat earnings-per-share expectations in its latest quarterly results, Refinitiv estimates. However, the supermarket chain withdrew its guidance for the full year, citing a difficult economic backdrop.
Task Diagnostics – Laboratory Diagnostics lost 2.2% after that Citi downgraded the stock To sell from the neutral because it sees risks to business growth and increased adverse costs.
CytomX Remedies The biopharmaceutical company jumped 31% after it announced a research project with Regeneronwhich was up 0.7%.
Cisco systems Cisco added 4.6% after its quarterly report showed an edge over the top and bottom lines and a positive outlook.
targeting Target stock rose 3%, a day after losing 13%. On Wednesday, the retailer reported Its profit in the third quarter fell about 50 percent and it cut its forecast for the fourth quarter. Despite these findings, Piper Sandler still thinks the stock is “compelling” and upgraded it to overweight from neutral on Thursday. However, Deutsche Bank downgraded Target to keep it from buying.
Traeger Shares of barbecue maker Traeger jumped 4.7% Thursday after Canaccord initiated coverage of the stock with a Buy rating, citing brand name recognition in wood pellet grills.
— CNBC’s Samantha Sobin, Sarah Maine, Carmen Renick, and Michelle Fox contributed to reporting.