Stocks were higher Friday, as investors shrugged off stronger-than-expected service data and interest rate hike concerns.
These stocks made moves Friday:
C3.ai(AI), the artificial intelligence software company, posted better-than-expected fiscal third-quarter results, with the stock surging 34%.
Samsara(IOT) shares jumped 16% after an analyst at Goldman Sachs upgraded the physical-asset-tracking company’s stock to Buy from Neutral. Samsarareported that fiscal fourth-quarter revenue rose 48%.
Zscaler(ZS), the cybersecurity company, raised its revenue forecast for the fiscal year and announced it was it cutting its global workforce by 3%, or about 150 positions. The stock declined by 11% after the company said it expects billings to slow sequentially in the current fiscal third quarter.
First Solar(FSLR) shares were upgraded to Buy from Neutral by a UBS analyst. The stock gained 6%.
Broadcom(AVGO) reported fiscal first-quarter earnings that topped analysts’ estimates and the semiconductor and software company issued a revenue forecast for the second quarter that also was higher than Wall Street consensus. The stock rose 5.7%.
Marvell Technology(MRVL) fell 4.7% after its fiscal first-quarter adjusted earnings and revenue forecast missed analysts’ estimates. The chip company said “inventory corrections and resulting changes in product mix” impacted its guidance.
Victoria’s Secret(VSCO) declined 5.2% after the lingerie-maker said it expects sales in the fiscal first quarter to fall more than analysts’ had anticipated, and adjusted earnings that will come up shy of Wall Street forecasts.
Apple(AAPL) gained 3.5% after an analyst at Morgan Stanley raised his price target on the stock to $180 from $175 and reaffirmed it as a “top pick.”
Nordstrom(JWN), the upscale department-store chain, reported weaker-than-expected fourth-quarter sales and its forecasts for the current fiscal year disappointed. Nordstrom also said it would end its business in Canada. Shares gained 2.4%.
Costco Wholesale(COST) reported fiscal second-quarter earnings that beat expectations, but revenue was lower than projected. Shares fell 2.2%.
ChargePoint Holdings(CHPT) reported a fourth-quarter loss that was wider than analysts expected and sales that missed estimates. The stock slid 1.6%.