Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Midday movers: Dell, NetApp rise; Boeing falls

Published 03/01/2024, 07:54 AM
Updated 03/01/2024, 11:11 AM
© Reuters.

(Updated - March 1, 2024 11:09 AM EST) -- Main U.S. indexes edged higher Friday, starting the new month off on a positive note after strong gains in February.

Here are some of the biggest U.S. stock movers today:

Dell (NYSE:DELL) stock jumped 26% after the tech giant reported fourth-quarter results that topped Wall Street as solid demand for its artificial intelligence-optimized servers offset weakness in personal computing.

Apple (NASDAQ:AAPL) stock fell 1.5% after Goldman Sachs removed the tech giant from its “Conviction List - Directors' Cut,” the bank’s selection of top buy-rated stocks.

Fisker (NYSE:FSR) stock slumped 46% after the electric-vehicle startup flagged going-concern risks, saying it would cut its workforce by 15% and pause investments in future projects.

NetApp (NASDAQ:NTAP) stock rose 24% after the intelligent data infrastructure company reported solid growth and record profitability in its third quarter.

New York Community Bancorp (NYSE:NYCB) stock fell 22% after the embattled regional lender said it had found "material weaknesses" in company controls related to an internal loan review.

Plug Power (NASDAQ:PLUG) stock fell 2.5% after the hydrogen fuel cell system developer disclosed 2023 results that missed expectations but said it resolved the “going concern” issues.

Autodesk (NASDAQ:ADSK) stock rose 2% after the 3D design software maker delivered better-than-expected quarterly results and issued an encouraging sales outlook amid healthy demand from enterprise and entry-level customers.

Zscaler (NASDAQ:ZS) stock fell 8.5% despite the cloud security platform reporting better-than-expected results for the January quarter, with its guidance disappointing the market.

Xcel Energy (NASDAQ:XEL) stock fell 6%, extending yesterday’s decline amid concerns about potential liability from wildfires in Texas.

Keurig Dr Pepper Inc. (NASDAQ:KDP) stock fell 2% after pricing an offering of 87 million shares by its largest holder, JAB Investments.

Spirit AeroSystems (NYSE:SPR) gained 15% and Boeing (NYSE:BA) declined 2% after WSJ reported Boeing is in talks to acquire the fuselage supplier.

Additional reporting by Louis Juricic

Latest comments

Dell fourth lowered than last 2 years earning result will definitely beat the forecast
Welcome to Friday FRAUD.  Wall Street is putting a fine edge of the financial knife, preparing to plunge it into the back of the US working class heading into the weekend.  Can't have anything but "rallies" and record highs in the BIGGEST INVESTMENT JOKE IN THE WORLD.
Laughing all the way to the bank.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.