October 1, 2022

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FedEx, Boeing, Domino's, and more

FedEx, Boeing, Domino’s, and more

Visitors walk past a Boeing billboard during the Farnborough Air Show, in Farnborough, on July 18, 2022.

Justin Thales | AFP | Getty Images

Check out which companies are making the headlines in midday trading.

Boeing The airline fell 6% after it reached a settlement of $ 200 million Misleading investors After two of its planes were involved in fatal accidents.

FedEx – Shares fell about 4% and hit a 52-week low after the delivery company announced its plans Increase rates between 6.9% and 7.9%.

costco The wholesaler, which said it would not raise membership prices this week, saw shares fall 4%. costco Earnings issued It beat expectations and showed year-on-year gains, but it also said it was struggling with rising labor and shipping costs.

calambe The software company slid 17%, despite rising earlier. CalAmp reported smaller-than-expected losses in its second-quarter earnings, while also noting record revenue within the subscription and software categories.

Financial Ally – Shares of the financial services company fell 4% after Wells Fargo downgraded the stock to equal weight of overweight. Wall Street said it would be It’s hard for Ally to outperform As the price of a used car continues to fall and as the consumer works through inflation headwinds.

Qualcomm – Shares fell 3% despite JPMorgan saying the stock was overweight due to the wireless company Auto opportunities.

fuboTV – Stocks jumped 3.4% after the dbush Upgrade your streaming service to outperform From a neutral, saying that fuboTV is a “compelling entry point” for investors.

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Domino’s Pizza Domino’s offers 2.1% pizza afterwards BMO upgraded the stock to outperformexpecting a rebound in the fast food chain on the back of strong demand.

Queen Piece Coinbase shares fell 4% after JPMorgan lowered its target price and Repeat arrow as neutral, citing concerns about weak levels of activity in cryptocurrency selling. Although the cryptocurrency exchange is diversifying its services and revenue streams, this business still accounts for the majority of its revenue, and trading activity tends to come to a halt when prices are low. Crypto assets were sold out along with the rest of the risky assets on Friday.

Advanced Micro Devices – Shares hit a 52-week low for the semiconductor company, down 3.2%. The drop comes though Morgan Stanley bis arrow In the middle of what you see is a correction to the wide-based semi-finalists.

marathon – Shares of the oil giant fell 11%, defying a positive report from Evercore ISI that considered the company to own Strong Free Cash Flow.

CNBC’s Yoon Lee, Tanya Machel, and Sarah Min contributed reporting