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\n \n Brighthouse Financial<\/strong> \u2014 The insurance company saw a remarkable surge of 26% after Bloomberg News reported that a group led by Aquarian Holdings is in discussions to acquire Brighthouse Financial for between $65 to $70 per share. This news has sparked investor interest, driving the stock price upward.\n <\/p>\n \n Scholastic<\/strong> \u2014 In contrast, the publisher’s stock plummeted nearly 11%. Scholastic reported a loss of $2.52 per share for the fiscal first quarter, which is wider than the $2.13 loss per share recorded in the same period last year. This disappointing performance has raised concerns among investors.\n <\/p>\n \n Newmont and Orla Mining<\/strong> \u2014 Shares of these mining companies moved in opposite directions following Newmont’s announcement of selling its stake in Orla for $439 million. Newmont’s stock rose more than 4%, while Orla experienced a decline of about 7%. This divergence highlights the impact of strategic decisions on stock performance.\n <\/p>\n \n SolarEdge Technologies<\/strong> \u2014 The solar stock climbed 4%, adding to a substantial 24% surge for the week. This positive momentum follows the Federal Reserve’s decision to lower its benchmark rate, which typically benefits solar companies by allowing them to borrow at reduced costs.\n <\/p>\n \n FedEx<\/strong> \u2014 Shares jumped 3% after the company reported better-than-expected earnings for the fiscal first quarter. FedEx achieved an adjusted earnings of $3.83 per share on $22.24 billion in revenue, surpassing analysts’ forecasts of $3.59 per share and $21.66 billion in revenue.\n <\/p>\n \n Intel<\/strong> \u2014 The tech stock experienced a pullback of 2% after a significant rally that saw shares soar 22%. This surge was fueled by Nvidia’s announcement of a $5 billion investment in Intel to co-develop data center and PC chips. However, Citi downgraded Intel’s shares from neutral to sell, citing concerns that the stock is overvalued based on its foundry business prospects.\n <\/p>\n \n Lennar<\/strong> \u2014 Shares of the homebuilder dropped 3.7% after reporting third-quarter revenue that fell short of expectations, with $8.81 billion compared to the anticipated $9.00 billion. Despite this, earnings exceeded estimates, coming in at $2.29 per share against a consensus of $2.10.\n <\/p>\n \n Apple<\/strong> \u2014 JPMorgan raised Apple’s price target from $255 to $280, resulting in a 3% boost in the stock. The firm noted strong demand for Apple’s new iPhones, which launched recently, based on early sales data from Asia.\n <\/p>\n \n Klaviyo<\/strong> \u2014 Shares rose over 4% following an upgrade from Morgan Stanley, which moved the email platform company to overweight from equal weight. The firm highlighted Klaviyo’s expanded market opportunities that could support sustained growth.\n <\/p>\n \n \u2014 CNBC’s Alex Harring, Yun Li, Sean Conlon, Michelle Fox, Fred Imbert, and Sarah Min contributed reporting.\n <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Check out the companies making significant midday moves: Brighthouse Financial \u2014 The insurance company saw a remarkable surge of 26% after Bloomberg News reported that a group led by Aquarian Holdings is in discussions to acquire Brighthouse Financial for between $65 to $70 per share. This news has sparked investor interest, driving the stock price […]<\/p>\n","protected":false},"author":1,"featured_media":1222,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-1221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/comments?post=1221"}],"version-history":[{"count":0,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media\/1222"}],"wp:attachment":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media?parent=1221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/categories?post=1221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/tags?post=1221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n Check out the companies making significant midday moves:
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