Colorox model rest room bowl cleaner sits on show at a grocery store in Princeton, Sick.Daniel Acker | Bloomberg | Getty PicturesTry the businesses
Colorox model rest room bowl cleaner sits on show at a grocery store in Princeton, Sick.
Daniel Acker | Bloomberg | Getty Pictures
Try the businesses making headlines noon Monday:
SolarEdge Applied sciences – Shares of the solar-equipment maker jumped greater than 4% forward of the corporate’s third-quarter outcomes, which can be launched after the bell. Analysis agency Roth Capital Companions hiked its goal on the inventory to $300 from $191 on Monday forward of the report, saying it expects the corporate to ship “wholesome” outcomes. Different names within the photo voltaic business, together with First Photo voltaic, Sunrun and SunPower traded larger on Monday amid bets on a Joe Biden presidency.
Beneath Armour — The athletic retailer’s inventory popped 6.1% following an improve to purchase from maintain at Stifel. The Wall Avenue agency cited an enhancing stability sheet for the corporate’s improve. It additionally raised its value goal to $17 per share from $11.
Clorox — Shares of the disinfectant maker rose greater than 4% on Monday on robust quarterly outcomes. Clorox reported earnings of $3.22 per share on income of $1.92 billion. Wall Avenue had forecast earnings of $2.32 per share on income of $1.76 billion, based on Refinitiv. Gross sales of family items rose 39% on a year-over-year foundation, simply topping expectations.
D.R. Horton, Lennar —An analyst at Atlantic Equities initiated the 2 homebuilders with obese scores, citing “robust structural tailwinds” because the housing market retains gaining steam. Shares of D.R. Horton gained 3.1% and Lennar superior 2.1%.
Lemonade — The insurance coverage inventory climbed 6.1% after Piper Sandler initiated protection of Lemonade with an obese score. The agency referred to as the corporate “disruptive” and predicted progress amongst totally different merchandise and geographies.
Lumber Liquidators — Shares popped about 19% on the again of better-than-expected outcomes for the third quarter. The corporate posted adjusted earnings per share of 67 cents on income of $295.Eight million. Analysts anticipated a revenue of 26 cents per share on income of $275.6 million, based on FactSet. “Our gross sales tendencies strengthened as we noticed sequential enchancment in our Professional and Set up clients from the second to Q3,” CEO Charles Tyson mentioned in an announcement.
Nielsen Holdings — Shares of media data-collecting firm rose 5.5%, boosted by quarterly outcomes that beat analyst expectations. Nielsen reported a revenue of 43 cents per share on income of $1.56 billion. Analysts polled by FactSet anticipated a revenue of 39 cents per share on income of $1.52 billion. The corporate additionally issued better-than-expected earnings and income steering for the 12 months.
ON Semiconductor — The chipmaker slipped 2% regardless of the corporate asserting better-than-expected third-quarter outcomes over the weekend. The corporate reported a revenue of 27 cents per share, topping a FactSet forecast of 20 cents per share. Income got here in at $1.32 billion, higher than what analysts had projected, however nonetheless down 5% 12 months over 12 months. ON Semiconductor’s ahead steering additionally topped expectations, based on FactSet.
Norwegian Cruise Line — Norwegian Cruise Line fell 3.8% after the cruise operator mentioned it’s going to lengthen its voyage suspension by means of the top of 2020 for its three manufacturers. “The corporate will proceed to work in tandem with world authorities and public well being authorities and its Wholesome Sail Panel knowledgeable advisors to take all obligatory measures to guard its company, crew and the communities visited,” Norwegian mentioned in an announcement.
Dunkin’ Manufacturers — Dunkin’ Manufacturers surged greater than 6% after the espresso chain agreed to be taken personal by Encourage Manufacturers. Encourage will purchase Dunkin for $106.50 per share in money. The deal is valued at roughly $11.Three billion together with Dunkin’s debt.
—CNBC’s Pippa Stevens, Jesse Pound, Yun Li and Maggie Fitzgerald contributed to this report.