13/07/2024 6:11 AM


Be life confident

Nordstrom, Tractor Supply, Twitter, Zoom & more

Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020.

Gabby Jones | Bloomberg | Getty Images

Check out the companies making headlines in midday trading. 

Nordstrom – Shares of the retailer surged more than 12{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, making it the top-performing stock in the S&P 500, as stocks sensitive to economies re-opening moved higher. Gap and Kohl’s were among the other retailers in the green, gaining 11{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} and 9{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, respectively. Nordstrom will report first quarter earnings on Thursday after the market closes.

Tractor Supply – Shares of the farming supply retailer jumped more than 6{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} after the company said in an earnings pre-announcement that it expects to report record sales and profit for the second quarter. Since lockdown measures went into effect in mid-March, the stock has surged more than 45{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, making it the top-performing retailer in that period. Tractor Supply is expected to report second-quarter earnings on July 23.

Twitter — Shares of the social media company fell 4{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} as President Donald Trump warned that he would take action against the company for putting a fact check warning on his posts about mail-in voting. “Twitter has now shown that everything we have been saying about them (and their other compatriots) is correct,” Trump said in the tweet. “Big action to follow!”

Zoom, Peloton — Zoom shares dropped 4{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, while Peloton was down about 3{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} as investors rotated out of these popular stay-at-home names amid the reopening of the economy. Amazon and Netflix, which thrived during the pandemic, also dipped 1.5{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} each. Video game companies Activision Blizzard and Electronic Arts also both dipped 3{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}.

United, American, Delta, Southwest — Airlines, which are positioned to benefit from the economy reopening, rose on Wednesday with United Airlines jumping 3.5{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. American Airlines rose more than 6{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. Southwest and Delta gained 2.5{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} and 1.9{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, respectively.

Carnival, Norwegian Cruise Line, Royal Caribbean Cruises — Shares of cruise operators rallied as the economy continues to gradually reopen on hopes of recovery in demand. Carnival and Royal Caribbean Cruises both jumped more than 5{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}, while Norwegian Cruise Line gained 4.7{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f}. These major cruise lines have been one of the most beaten down industries during the pandemic.

JPMorgan, Citigroup, Bank of America — Shares of big banks built on its recent comeback with JPMorgan jumping 4.6{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} and Citigroup and Bank of America gaining 5{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} each. Banks are rising on the hope of a successful economic reopening. The sector was one of the hardest-hit sectors amid the pandemic on profitability concerns and rising loan losses. 

CNBC’s Maggie Fitzgerald, Jesse Pound and Pippa Stevens contributed reporting.

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