Stocks rose Tuesday as investors parsed through cooler-than-expected U.S. inflation data.
These stocks were making moves Tuesday:
Oracle
(ticker: ORCL) shares were rising 1.4% after the enterprise software giant reported fiscal fourth-quarter adjusted earnings and revenue that topped analysts’ forecasts. Cloud-related revenue in the period jumped 54% to $4.4 billion. The company said it expects fiscal first-quarter sales to rise 8% to 10%, and first-quarter adjusted earnings of between $1.12 and $1.16 a share, in line with analysts’ estimates.
Tesla
(TSLA) was up 3.5% and was on track to close higher for a 13th consecutive session. Separately, Cathie Wood’s ARK Invest reported Monday that it sold 324,511 shares of
Tesla
worth roughly $80 million.
Apple
(AAPL) closed at a record high on Monday, rising 1.6% to $183.79. Shares of the iPhone maker have risen more than 41% this year. The stock has put in solid gains since last week’s Worldwide Developers Conference, where
Apple
unveiled its first entrance into the augmented reality market, battery-powered goggles dubbed Vision Pro. In Tuesday trading, Apple was down 0.4%. The stock was downgraded to Neutral from Buy at
UBS.
Dave & Buster’s Entertainment
(PLAY) soared 19% after the entertainment and dining venue operator didn’t offer specific guidance at its investor day but presented “a very clear and conservative road map” to $1 billion in earnings over the next three years.
Methode Electronics
(
MEI
) slid 18% to $36.90. The device maker’s price target was cut to $42 from $49 by analysts at Baird a day after issuing earnings guidance that was below Wall Street consensus.
GameStop
(GME) gained 12% after the videogame retailer’s executive chairman, Ryan Cohen, disclosed the purchase of 443,842 shares in a securities filing, bringing his holding to 36.8 million shares.
Manchester United
(MANU) gained 9.2% on a report that said Qatar’s Sheikh Jassim Bin Hamad al-Thani will soon be announced as the preferred bidder of the soccer club.
Norwegian Cruise Line Holdings
(NCLH) climbed 5.8%, extending gains after receiving two price target boosts on Monday.
Oilfield services provider
Halliburton
(HAL) gained 5.1% as oil prices rose solidly.
ConocoPhillips
(COP) rose 1.8% and
Schlumberger
(SLB) jumped 3.2%.
Urban Outfitters
(URBN) rose 4.7% after analysts at Morgan Stanley upgraded shares of the retailer to Overweight from Equal Weight.
Write to Joe Woelfel at [email protected]
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