Twitter, Macy’s, Nvidia, Lululemon, and more

A Lululemon sign hangs in front of their store at Woodbury Commons Premium Outlets on November 17, 2019 in Central Valley, New York.

Gary Hirschhorn | Corbis News | Getty Images

Check out which companies are making the headlines at midday Thursday.

Macy’s – Stocks jumped 17.8% after the supermarket chain reported better-than-expected quarterly results and raised its earnings guidance. Macy’s has got support from shoppers who buy clothes and other merchandise regardless of price hikes.

Twitter – Twitter shares jumped more than 5% after Elon Musk increased his commitment to the takeover bid to $33.5 billion. Analysts said the move signaled new seriousness on the part of Tesla’s CEO and increased the likelihood of completing the deal, which has been mired in controversy since Musk proposed it in May.

Lululemon — Shares of the athletic company jumped 10.8% after Morgan Stanley upgraded Lululemon to overweight and said it’s in a good position to perform, even as the recession approaches.

Nvidia – The chip maker’s stock is up 5.6% after falling earlier in the session. It came as Nvidia issued weaker-than-expected guidance for the current quarter and said it plans to slow hiring.

Broadcom — Broadcom stock rose 4.2% after the semiconductor company shared its plan to buy VMware in a $61 billion cash and stock deal. This acquisition will represent one of the largest technology deals in history.

Dollar Tree – The discount retailer rose 22.3% after posting quarterly earnings and revenue that beat analysts’ expectations. Dollar Tree reported earnings per share of $2.37 on revenue of $6.9 billion. Analysts expected earnings of $2.00 per share on $6.76 billion in revenue, according to Refinitiv.

Kraft Heinz – The food and beverage company fell 6.2% after UBS cut the credit rating for stocks of concerns about rising inflation and competition from private brands.

Alibaba – Alibaba shares rose 14.8% after releasing better-than-expected results for the previous quarter. The Chinese e-commerce giant reported fiscal fourth-quarter earnings of CNY 7.95 per share, excluding items, on revenue of CNY 204.05 billion. Analysts expected earnings of CNY 7.31 per share on revenue of CNY 199.25 billion, according to StreetAccount.

Dollar General – Discounted retailer shares are up more than 14% on stronger-than-expected quarterly numbers. Dollar General reported first-quarter earnings of $2.41 per share on revenue of $8.75 billion. Analysts expected earnings of $2.31 per share on revenue of $8.7 billion, according to the Refinitiv consensus.

Williams-Sonoma — The home furniture retailer rebounded 14.1% after beating revenue and profit in the previous quarter. Williams-Sonoma also reiterated her guidance for this year.

Nutanix – The cloud company slipped 21.9% after issuing a weak guidance. Nutanix also said it was experiencing supply chain issues that hit its hardware partners.

Medtronic — Medical device stocks fell more than 4% after a weaker-than-expected report for the fourth quarter of the fiscal year. Medtronic reported $1.52 in adjusted earnings per share on $8.09 billion in revenue. Analysts polled by Refinitiv expected $1.56 per share and revenue of $8.43 billion. Medtronic said supply chain issues affected the quarter’s results.

– CNBC’s Tanaya Machel, Hana Miu, Sarah Main and Jesse Pound contributed reporting.

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