{"id":44252,"date":"2023-08-03T23:07:35","date_gmt":"2023-08-04T03:07:35","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/sunrun-dxc-wayfair-expedia-paypal-amd-and-more-stock-market-movers\/"},"modified":"2023-08-03T23:07:36","modified_gmt":"2023-08-04T03:07:36","slug":"sunrun-dxc-wayfair-expedia-paypal-amd-and-more-stock-market-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=44252","title":{"rendered":"Sunrun, DXC, Wayfair, Expedia, PayPal, AMD, and More Stock Market Movers"},"content":{"rendered":"
\n
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<\/p>\n
<\/div>\n<\/figure><\/div>\n

Stocks traded lower Thursday, posting another day in the red following a downgrade of\u00a0U.S. government debt. <\/p>\n

These stocks made notable moves Thursday:\u00a0<\/p>\n

\n Sunrun
\n (ticker: RUN) rose 7.6% after the country\u2019s largest rooftop solar company reported a surprise profit in the second quarter. Earnings in the period were 25 cents a share, while analysts expected a loss of 24 cents. <\/p>\n

\n

\n DXC Technology
\n (
\n DXC
\n ) fell 30%. It received a flurry of analysts\u2019 downgrades after the information-technology consulting company posted first-quarter adjusted earnings that were worse than expected and slashed guidance. The stock was the leading decliner in the
\n S&P 500.<\/span>\n <\/p>\n

\n EVgo
\n (EVGO), the electric-vehicle\u00a0charging network\u00a0and equipment provider, reported better-than-expected second-quarter results and said it expects full-year sales of $120 million to $150 million, compared with a prior range of $105 million to $150 million. The stock jumped 22%.<\/p>\n

\n Wayfair
\n (W) jumped 16% after the online furniture retailer easily beat estimates for its second quarter, posting adjusted earnings of 21 cents a share, while Wall Street had forecast a loss of 73 cents. <\/p>\n

\n Expedia Group
\n (EXPE) fell 16% after the online travel company posted better-than-expected earnings for its second quarter but its guidance for the third quarter was short of estimates. <\/p>\n

\n Etsy
\n (ETSY) declined 14% after the online marketplace reported second-quarter adjusted earnings and sales that topped expectations but its forecast for third-quarter gross merchandise sales of between $2.95 billion and $3.1 billion at the midpoint was slightly below consensus.<\/p>\n

\n PayPal
\n (PYPL) tumbled 12% after the payments platform reported second-quarter adjusted earnings that slightly beat estimates but adjusted operating margin was 21.4%, below the 22% that
\n PayPal
\n previously estimated. <\/p>\n

\n Qualcomm
\n (QCOM) shares fell 8.2% after the maker of mobile processors and 5G wireless chipsets issued a fiscal fourth-quarter revenue forecast below analysts\u2019 expectations. Qualcomm blamed a slower recovery in China and a challenging macro environment for the disappointing guidance. On a conference call, Qualcomm executives said they don\u2019t see an immediate rebound in demand.\u00a0<\/p>\n

\n Clorox
\n (CLX) rose 9% after the consumer products maker posted better-than-expected fourth-quarter adjusted earnings. It was the top gainer in the S&P 500.<\/p>\n

\n Robinhood Markets
\n (HOOD) posted its first profitable quarter, which CEO Vlad Tenev called \u201ca significant milestone\u201d as the online trading company beat analysts\u2019 expectations that called for a slight loss. Trading activity in the second quarter, however, fell to 10.8 million monthly active users, down by one million from the prior quarter.\u00a0Shares fell 7.2%.<\/p>\n

\n Advanced Micro Devices
\n (AMD) rose 3.5% to $112.91 after the semiconductor company received a price target raise to $145 from $108 by Benchmark analyst Cody Acree. \u201cWe believe AMD is among the best positioned companies to benefit from the tech sector\u2019s broad macroeconomic adoption of artificial intelligence,\u201d he wrote.<\/p>\n

Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com\u00a0<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Stocks traded lower Thursday, posting another day in the red following a downgrade of\u00a0U.S. government debt. These stocks made notable moves Thursday:\u00a0 Sunrun (ticker: RUN) rose 7.6% after the country\u2019s largest rooftop solar company reported a surprise profit in the second quarter. Earnings in the period were 25 cents a share, while analysts expected a […]<\/p>\n","protected":false},"author":1,"featured_media":43992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-44252","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nSunrun, DXC, Wayfair, Expedia, PayPal, AMD, and More Stock Market Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stocks traded lower Thursday, posting another day in the red following a downgrade of\u00a0U.S. government debt. 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