{"id":10481,"date":"2023-11-17T18:36:58","date_gmt":"2023-11-17T18:36:58","guid":{"rendered":"https:\/\/fundinguno.com\/news\/stocks-making-the-biggest-moves-midday-gap-ross-stores-tenet-healthcare-and-more\/"},"modified":"2023-11-17T18:36:59","modified_gmt":"2023-11-17T18:36:59","slug":"stocks-making-the-biggest-moves-midday-gap-ross-stores-tenet-healthcare-and-more","status":"publish","type":"post","link":"https:\/\/fundinguno.com\/?p=10481","title":{"rendered":"Stocks making the biggest moves midday: Gap, Ross Stores, Tenet Healthcare and more"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines in midday trading. Gap \u2014 The apparel retailer saw shares surge 30% after it posted fiscal third-quarter results late Thursday that beat Wall Street&#8217;s estimates due to strong sales at Old Navy and improvements at its namesake banner. Adjusted earnings of 59 cents per share smashed analysts&#8217; expectations of 19 cents per share, per LSEG. Revenue also beat estimates, coming in at $3.77 billion compared with the $3.6 billion forecast. Spectrum Brands Holdings \u2014 Spectrum Brands shares dropped 10% after the home products company forecasted a year-over-year revenue decline for the fiscal year ending September 2024, below a FactSet consensus estimate for a yearly gain of 1.5%. Otherwise, the company topped fiscal fourth-quarter earnings and revenue estimates. ChargePoint Holdings \u2014 ChargePoint shares dropped 35% after the electric vehicle infrastructure company on Thursday warned its upcoming third-quarter revenue results would be weaker than it previously anticipated. It now forecasts third-quarter revenue of $108 million to $113 million, lower than prior guidance of $150 million to $165 million. The company also shook up its C-suite, replacing its CEO . Tenet Healthcare \u2014 Shares jumped more than 11% after Tenet Healthcare said it would sell three of its South Carolina hospitals to Novant Health. The transaction is valued at about $2.4 billion. Ross Stores \u2014 The clothing retailer surged more than 8% following a beat on the top and bottom line in the third quarter. Late Thursday, Ross reported earnings of $1.33 per share on $4.92 billion in revenue, while analysts polled by LSEG forecast earnings of $1.22 per share and $4.85 billion in revenue. Applied Materials \u2014 The semiconductor equipment maker fell more than 5%. Reuters, citing sources, reported that Applied Materials is under a criminal probe by the Justice Department for potentially ignoring export restrictions on Chinese chip company SMIC. Dillard&#8217;s \u2014 Shares of the department store chain gained more than 6%. Dillard&#8217;s on Thursday announced a special dividend of $20 per share, as well as a quarterly cash dividend of 25 cents per share. Pacific Biosciences of California \u2014 Shares popped 6% on the heels of a UBS upgrade to buy from neutral. The Wall Street firm said the biosciences company has growth potential and that shares present &#8220;an attractive buying opportunity.&#8221; Expedia Group \u2014 Shares jumped 5%, reaching a new 52-week high, after Evercore ISI upgraded shares to outperform from in line. The firm said Expedia shares are at a &#8220;fundamental inflection point,&#8221; and expects revenue growth acceleration in 2024. GitLab \u2014 The software stock fell 2% after Barclays downgraded GitLab to equal weight from overweight, saying that it&#8217;s cautious in the near term and that it&#8217;s awaiting a better entry point for shares. \u2014 CNBC&#8217;s Brian Evans, Alex Harring, Hakyung Kim, Tanaya Macheel and Pia Singh contributed reporting.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/11\/17\/stocks-making-the-biggest-moves-midday-gps-rost-thc.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines in midday trading. Gap \u2014 The apparel retailer saw shares surge 30% after it posted fiscal third-quarter results late Thursday that beat Wall Street&#8217;s estimates due to strong sales at Old Navy and improvements at its namesake banner. Adjusted earnings of 59 cents per share smashed analysts&#8217; expectations of 19 cents per share, per LSEG. Revenue also beat estimates, coming in at $3.77 billion compared with the $3.6 billion forecast. Spectrum Brands Holdings \u2014 Spectrum Brands shares dropped 10% after the home products company forecasted a year-over-year revenue decline for the fiscal year ending<\/p>\n","protected":false},"author":1,"featured_media":10482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-10481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks making the biggest moves midday: Gap, Ross Stores, Tenet Healthcare and more | FundingUno<\/title>\n<meta name=\"description\" content=\"Check out the companies making headlines in midday trading. 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