Shares popular with retailers were turbulent, while broader markets were silent for a Federal Reserve policy update. Here’s what we see in Wednesday’s trading:
- Shares of Bed Bath & Beyond rose after supermarket chain Kroger said it would pilot an in-store retailer of home goods in some of its stores next year.
- Other meme shares posted substantial, though more modest, gains: GameStop, AMC Entertainment, Koss and Naked Brand Group.
- Avis Budget shares were down in morning trading, but not enough to reverse Tuesday’s rise of more than 100%. The jump came on the heels of strong quarterly results and a bullish outlook on the recovery market for rental cars.
- Lifting parts attach the pedal to the metal. Revenue has risen in the last four years as consumers continue to pay higher prices due to the shortage of drivers and the increasing demand for riders. Rival Uber was on too.
- Zillow leaves the home flipping business, saying her algorithmic model for buying and selling homes quickly is not working as planned.
- RR Donnelley & Sons is close to a deal to sell itself to a private equity firm for just over $ 2 billion including debt, according to people familiar with the matter.
- T-Mobile US’s profit in the third quarter disappeared as higher costs and a silence in new additions of new customers hit their bottom line.
- Devon Energy has set a $ 1 billion share repurchase plan by the end of 2022.
- Marriott International said its profits rose in the third quarter, even as the spread of the Delta variant of the coronavirus outweighed the second half of the period.
- Employees at farm and construction equipment Deere have rejected a second contract offer, extending a strike that lasted nearly three weeks.
- Activision Blizzard is delaying the launch of two games and reporting revenue for the third quarter with a holiday season outlook that falls short of Wall Street analysts’ expectations.
- Caesars Entertainment’s third quarter loss narrowly led to higher revenues as improving vaccination rates brought customers and travelers to its properties.
- Match Group posted weaker-than-expected revenue targets for the fourth quarter.
- Qualcomm, Etsy, Roku, MetLife, Hyatt Hotels and Take-Two Interactive should report earnings after closing.
Graph of the December
- French, Irish, Dutch and Swiss returns have all become positive or flirted with the line in recent weeks and months, causing the pool of debt that pays less to investors to repay than they invest.
Write to James Willhite at [email protected]