Take a look at the companies making headlines in midday trading. Azenta – The life science stock jumped 13% on Tuesday, a day after the company delivered its fourth-quarter fiscal report. In addition to beating analysts’ estimates surveyed by FactSet on both lines, the company also issued full-year adjusted earnings guidance of 19 cents to 29 cents per share, and asked -share analysis 24 cents. Home Depot – Shares of the home improvement retailer jumped 6% after the company posted third-quarter earnings and revenue that beat expectations. Home Depot’s quarterly sales declined 3% from a year ago and the company narrowed its full-year guidance, however. Enphase Energy, Solar Edge, First Solar – Solar energy stocks rose on Tuesday, with Enphase adding nearly 14%. SolarEdge and First Solar each jumped about 11%. The Invesco Solar ETF (TAN) rose nearly 9%. The move coincided with a sharp fall in bond yields, with the rate on the 10-year Treasury note falling below 4.5%. Solar companies and tech stocks are sensitive to interest rates, and do well when bond yields decline. VF Corp – Shares of the clothing company, which owns Timberland and The North Face, gained 12%. The move came a day after VF Corp disclosed in a regulatory filing that director Matthew Shattock bought 20,000 shares of the company, worth a total of more than $291,000. Amazon , Snap – Stock in the e-commerce giant climbed 2%. The action came a day after reports that Amazon would allow people to buy items advertised on Snapchat. Shares of Snap climbed more than 7%. C3.ai – Shares added more than 7% in midday trading. C3.ai announced the extension of a strategic cooperation agreement with Amazon Web Services. The partnership allows both companies to offer next-generation AI solutions to businesses. VistaGen Therapeutics – Shares jumped more than 19% after Stifel initiated coverage of the biotech company with a buy rating. The investment bank also gave the stock a $12 price target, suggesting more than 300% upside from Monday’s close. Tesla, Rivian, Lucid – The three electric vehicle stocks were each higher by about 4% on Tuesday after a softer-than-expected consumer price index report that also underpinned a broader market rally and a added to the hope that the Federal Reserve may be nearing the end of its monetary tightening campaign. Take-Two Interactive Software – The video game producer’s shares climbed 3.3%. Deutsche Bank upgraded the stock to buy from stock, citing ” greater long-term visibility .” The company also raised its 12-month price target to $175 per share from $155. Held – The shoe stock fell nearly 3%. On said it expects a wholesale growth rate of high single digits in the fourth quarter, citing “temporary effects,” including early holiday deliveries of some wholesale orders in the third quarter. Separately, the company beat expectations at the top and bottom in the third quarter and raised its full-year net sales forecast. Fisker – Stock in the EV startup fell more than 22%. Late Monday, Fisker revealed that its 10-Q filing would be delayed after the company discovered “material weaknesses” in its internal financial controls. The EV company also reported a wider-than-expected loss in the third quarter and slow deliveries of vehicles. Adobe – The software stock climbed nearly 2% in midday trading. Evercore ISI added Adobe to its top opinion list, noting that it believes the stock is well-positioned into 2024 due to a “major inflection” in its Creative Cloud suite due to Firefly, Adobe’s next generation AI product. – CNBC’s Pia Singh, Alex Harring, Michelle Fox, John Rosevear and Darla Mercado contributed reporting.
