Here’s a look at some of the companies catching our eye in midday trading: La-Z-Boy – Shares soared more than 19% after the furniture company beat Wall Street expectations in its fourth-quarter results. La-Z-Boy reported adjusted earnings of 95 cents a share on $554 million in revenue. That beat expectations of 70 cents a share on $516 million in revenue, according to analysts surveyed by LSEG. Rocket Lab USA – Shares in the space company rose about 9% after it inked a 10-launch deal with Japanese Earth observation company Synspective. The new launches are expected to take place between 2025 and 2027. elf Beauty – The beauty company rose more than 7% after Canaccord Genuity said the company’s shares are on track for solid growth. The company raised its price target on the company to $250 from $214, which would represent an increase of about 30% from Monday’s closing price.Six Flags, Cedar Fair – Shares of Six Flags and Cedar Fair rose about 4.5% and 7%, respectively, after reports that the merger is expected to close on July 1. Six Flags plans to pay shareholders a special dividend of $1.53 per share once the deal closes. Celsius Holdings – Energy drink maker Celsius Holdings rose about 5% after Piper Sandler reiterated its overweight rating and called the recent share price decline “overdone.” The company’s price target suggests the stock could rise more than 50% from Monday’s closing price. NextEra Energy – Shares fell more than 3% after the company announced plans to sell $2 billion in stock to fund power and energy projects and repay debt. Lennar – Homebuilder Lennars Holdings fell about 4.5% after the company forecast a sequential decline in new orders in its third-quarter earnings guidance. But the company beat expectations in the second quarter, reporting earnings of $3.45 a share on sales of $8.77 billion. That beat expectations of earnings of $3.24 a share on sales of $8.52 billion. Patterson Companies – The dental and veterinary medicine company jumped nearly 10% after fourth-quarter revenue beat market expectations. The company reported adjusted earnings of 82 cents a share on sales of $1.72 billion. Analysts surveyed by FactSet had expected earnings of 82 cents a share on sales of $1.7 billion. Occidental Petroleum – Shares of the Houston-based oil and gas producer rose 1.4% after it was revealed that Warren Buffett’s Berkshire Hathaway had been buying more shares each day for the past nine trading sessions. The purchase brings Berkshire’s holdings to more than 255 million shares, representing a 28.8% stake, and Buffett ruled out taking full control of the oil company. SEMICONDUCTOR STOCK — Chip stocks rose in Tuesday’s trading session, with the VanEck Semiconductor ETF (SMH) rising more than 1.5% to a record high. Shares of Micron Technology and Qualcomm rose about 4% and 3%, respectively, while Nvidia rose 2.6%. — CNBC’s Alex Harring, Michelle Fox, Sarah Ming and Yun Lee reported.
LZB, RKLB, NEE, etc.
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