July 3, 2022

Brighton Journal

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Chipotle, BG&E, Marathon Oil and Car Max

Chipotle, BG&E, Marathon Oil and Car Max

A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, United States, on Monday, April 19, 2021.

David Paul Morris | Bloomberg | Getty Images

Check out which companies are making the headlines in midday trading.

Carmax CarMax shares fell more than 8% after reporting a revenue outrun but lost last-quarter earnings. The auto retailer earned 98 cents a share, below the consensus price estimate of $1.25 a share.

CrowdStrike Cybersecurity firm’s stock jumped 3.7% after Goldman Sachs Upgrade the stock to “Buy” From “neutral”. The company said that CrowdStrike’s business strength has recently been overlooked and that it is “well positioned in a good demand spot.”

PG&E Shares of the utility company rose 3% after reaching the settlement of the payment 55 million dollars for two burns in Northern California. As part of the agreement, PG&E will not face any criminal prosecution.

Cisco Systems – Shares of the network technology company fell about 1%, lagging the broader market afterwards Citi lowers Cisco’s selling rating from neutral. Cisco is losing market share to its competitors, a Citi analyst said in a note to clients.

Hewlett Packard Foundation – Shares of Hewlett Packard Enterprise fell 1% after Morgan Stanley cut the stock to less than equal weight and said it expects the stock to underperform over the next year.

jiggle Chegg shares fell 5.5% after KeyBanc Capital Markets’ rating downgrade. Analysts downgraded Chegg to weight the sector overweight, saying the company reported lower growth in the United States in its first quarter.

Chipotle The restaurant chain’s stock rose 3.1% after that. Citi started stock coverage With a buy rating. The company said Chipotle is “the best-in-class growth leader”.

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Albertson Food retailers’ stockpiles fell 6.7% after last-quarter earnings were announced. Albertsons beat reported revenue and earnings of 75 cents per share, 11 cents above the consensus estimate.

Oil Stocks – Energy stocks rose on Tuesday as oil prices, which have fallen in recent weeks, jumped back above $100 a barrel. marathon oilAnd Devon Energy And Occidental Petroleum They jumped 5.5%, 4.7%, and 3.7%, respectively.

CNBC’s Jesse Pound, Hana Miu, Tanya Machel, and Sarah Min contributed reporting