Stocks making the biggest moves midday: Home Depot, Fisker, SolarEdge and more

by | Nov 14, 2023 | Financial

Check out the companies making headlines in midday trading. Azenta — The life science stock jumped 13% on Tuesday, a day after the company delivered its fiscal fourth-quarter report. In addition to beating estimates of analysts polled by FactSet on both lines, the company also issued full-year adjusted earnings guidance of 19 cents to 29 cents per share, while analysts called for 24 cents a share. 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 the year-ago period and the company narrowed its full-year guidance, however. Enphase Energy , Solar Edge , First Solar – The solar power stocks surged on Tuesday, with Enphase adding nearly 14%. SolarEdge and First Solar each leapt about 11%. The Invesco Solar ETF (TAN) popped almost 9%. The move occurred alongside 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 fare well when bond yields decline. V.F. Corp – Shares of the apparel company, which owns Timberland and The North Face, gained 12%. The move occurred a day after V.F. Corp disclosed in a regulatory filing that director Matthew Shattock purchased 20,000 shares of the company, valued at more than $291,000 in t …

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