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    • Breaking News
    Aug 15, 2023
    • Home Depot Inc jumped 2.2% to $126.0 after the do-it-yourself retailer reported sales declined 2% to $42.9 billion and comparable sales in the period across the company and in the U.S. declined 2%. 

      Sales were under pressure after customers delayed bid-ticket purchases. 

      Net income in the quarter declined 9.9% to $4.6 billion from $5.2 billion and diluted earnings per share fell to $4.65 from $5.05 a year ago. 

      The retailer reaffirmed its 2023 sales and comparable sales to decline between 2% and 5% and diluted earnings per share to fall between 7% and 13% from a year earlier. 
      • Aug 14, 2023
      • U.S. Steel Corporation surged 26.9% to $28.76 after the steelmaker rejected a buyout offer of $7.3 billion from Cleveland-Cliffs over the weekend.  

        Cleveland-Cliffs increased 2.5% to $14.99 after U.S. Steel said it is reviewing its strategic options. 
        • Nikola Corp declined 11.3% to $1.73 after the company recalled 209 electric trucks following an independent investigation of a fire incidence. 

          The company said according to preliminary findings from Exponent, a third-party investigator, a coolant leak inside a single battery pack was found to be the probable cause of the truck fire at the company's headquarters in Phoenix, Ariz. on June 23. 

          The findings were further corroborated by a minor thermal incident that impacted one pack on an engineering validation truck parked at the company's Coolidge, Ariz. plant on Aug. 10, the company added in a release to investors.  

          No one was injured in either incident.

          The company put battery electric vehicles sales on hold until a resolution is in place. 
          • PayPal Inc increased 1.7% to $62.52 after the payment processing company's board appointed Intuit executive Alex Chriss as the new chief executive replacing long-time chief executive Dan Schulman in September. 

            Schulman plans to remain as a director till the end of May 2024. 
            • Aug 11, 2023
            • Savers Value Village Inc jumped 9.5% to $25.73 after the online platform for second hand merchandise reported better-than-sales in the second quarter. 
              • Illumina, Inc decreased 4% to $177.53 after the company said in a regulatory filing that the U.S. Securities and Exchange Commission is investigating the company over its acquisition of cancer test developer Grail. 
                • UBS Group AG jumped 4.5% to $23.24 after the Swiss bank voluntarily terminated its loss protection agreement signed at the time of Credit Suisse purchase with the Swiss National Bank and Swiss government saying the bank does not need it. 

                  Separately, the bank said Credit Suisse fully repaid an emergency liquidity loan of 50 billion Swiss francs to  the Swiss National Bank. 
                  • Maxeon Solar Technologies Ltd dropped 32.5% to $15.05 after the company missed its own sales outlook for the second quarter and forecasted even lower sales in the third quarter. 

                    The clean energy company reported second quarter revenue of $348 million compared to $228 million a year ago and forecasted revenue between $280 million and $320 million in the third quarter. 

                    Maxeon guided full-year 2023 sales between $1.25 billion and $1.35 billion and adjusted operating earnings between $80 million and $100 million and capital expenditure between $150 million and $170 million. 

                    Net loss in the quarter declined to $1.5 million from $87.5 million and diluted loss per share shrank to 3 cents from $2.15 a year ago. 

                    Solar shipments increased to 807 MW from 521 MW a year ago and the Singapore headquartered company guided between 700 MW and 740 MW in the third quarter. 
                    • Aug 10, 2023
                    • Six Flags Entertainment Corp decreased 1.9% to $22.45 after the amusement park operator reported  weaker-than-expected quarterly results. 

                      The company reported revenue of $444 million and earnings of 25 cents a share and the company blamed the decline in earnings to higher reserves for self insurance. 
                      • Tapestry Inc dropped 12.5% to $36 after the apparel company agreed to acquire Capri Holdings, the parent of Versace, for $8.5 billion or $57 a share in cash. 

                        Capri Holdings jumped 56.5% to $54.20.