Try the businesses making headlines noon Monday:
Halliburton — Shares of the oil area producer popped 2% after the corporate reported better-than-expected earnings for the earlier quarter. Halliburton earned 11 cents per share, topping a Refinitiv estimate 8 cents per share. Income, nonetheless, missed analyst expectations.
American Airlines — American Airways shares rose greater than 2% on information the airline is planning to renew flights with Boeing’s 737 Max jet in December. The plan is pending recertification of the plane by the Federal Aviation Administration.
FedEx, UPS — FedEx and UPS rose 2.2% and 1%, respectively, after The Wall Street Journal reported the 2 corporations have instructed their shippers that their vacation transport capability is almost at its restrict.
CVS — Shares of the drug retailer and pharmacy firm ticked up 1% after CVS said it is planning to hire 15,000 employees to organize for an anticipated rise in Covid-19 and flu instances all through the autumn and winter. Greater than half of the brand new staff shall be full-time and part-time licensed pharmacy technicians who will be capable of administer coronavirus assessments.
AMC — The movie show inventory soared greater than 22% after New York Gov. Andrew Cuomo introduced that theaters in most of New York could reopen on Oct. 23. The brand new regulation doesn’t embrace New York Metropolis. AMC CEO Adam Aron instructed CNBC that the transfer was “a monumental step ahead” for the business.
VF Corp — Shares of VF Corp slipped 1% after Financial institution of America downgraded the inventory to underweight from impartial. The firm said in a note that weakness for the Van’s footwear brand would likely hurt the stock.
RH — An analyst at Jefferies initiated protection of the home-furnishing firm with an underperform ranking, noting: “Administration’s pursuit of the ‘path much less traveled’ has largely labored the previous few years, however we see inherent execution danger within the go-forward technique.”
American Equity Investment Life – Shares dropped greater than 16% after the life insurance coverage firm introduced a partnership with Brookfield Asset Administration for the reinsurance of $5 billion of present liabilities. Brookfield will purchase a 19.9% possession curiosity within the frequent shares of American Fairness. American Fairness rejected Athene and MassMutual’s takeover proposal, saying it undervalues the corporate.
—CNBC’s Yun Li, Maggie Fitzgerald, Jesse Pound and Michael Bloom contributed to this report.