{"id":50750,"date":"2023-08-20T08:52:30","date_gmt":"2023-08-20T12:52:30","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/midday-movers-ross-stores-applied-materials-deere-and-more\/"},"modified":"2023-08-20T08:52:32","modified_gmt":"2023-08-20T12:52:32","slug":"midday-movers-ross-stores-applied-materials-deere-and-more","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=50750","title":{"rendered":"Midday movers: Ross Stores, Applied Materials, Deere and more"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Investing.com &#8212; U.S. stocks are mixed on Friday, heading toward a down week as investors fretted over the potential for higher for longer interest rates.<\/p>\n<p>Here are some of the biggest U.S. stock movers today:<\/p>\n<ul>\n<li>\n<p><strong>Ross Stores<\/strong> (NASDAQ:) stock rose 6% after the discount retailer raised annual sales and profit forecasts after beating  estimates, as customers shopped for its cheaper clothing.<\/p>\n<\/li>\n<li>\n<p><strong>Applied Materials<\/strong> (NASDAQ:) stock rose 2.2% after the semiconductor equipment maker offered up a buoyant forecast as chip demand picks up and governments spend billions on subsidies.<\/p>\n<\/li>\n<li>\n<p><strong>Deere<\/strong> (NYSE:) stock fell 4.8%, retreating after gains of over 13% year to date, despite the company  strong third-quarter profits and raising its annual net income outlook on strong demand for its large tractors, combines, and precision agriculture equipment.<\/p>\n<\/li>\n<li>\n<p><strong> Est\u00e9e Lauder <\/strong> (NYSE:) stock fell 2.9% after the  offered up disappointing annual profit and net sales forecasts that were under market expectations, as it faces a slower-than-anticipated recovery in China.<\/p>\n<\/li>\n<li>\n<p><strong>XPeng<\/strong> (NYSE:) stock fell 5.1% after the Chinese electric vehicle maker forecast third-quarter revenue below expectations and reported a hit to margins following an inventory write down.<\/p>\n<\/li>\n<li>\n<p><strong> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> WeWork <\/span><\/span> <\/strong> (NYSE:) stock slumped 10.8% after the workspace provider said it will proceed with a one-for-forty reverse stock split of its outstanding class A and class C common stock, which was previously authorized by shareholders.<\/p>\n<\/li>\n<li>\n<p><strong>Farfetch<\/strong> (NYSE:) stock fell 40.6% after the e-commerce company  disappointing second-quarter earnings, resulting in KeyBanc downgrading its stance to \u2018Sector weight\u2019 from \u2018Overweight\u2019.<\/p>\n<\/li>\n<li>\n<p><strong>Hawaiian Electric<\/strong> (NYSE:) stock rose 9.7%, bouncing after sharp losses earlier in the week with the power supplier stating it is seeking expert advice in the wake of the state\u2019s devastating wildfires, but added that the goal was not to restructure the company.<\/p>\n<\/li>\n<\/ul>\n<p>&#8212; <em>Peter Nurse contributed to this report<\/em><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/ross-stores-applied-materials-rise-premarket-estee-lauder-falls-3157305\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters Investing.com &#8212; U.S. stocks are mixed on Friday, heading toward a down week as investors fretted over the potential for higher for longer interest rates. Here are some of the biggest U.S. stock movers today: Ross Stores (NASDAQ:) stock rose 6% after the discount retailer raised annual sales and profit forecasts after beating [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-50750","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midday movers: Ross Stores, Applied Materials, Deere and more | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters Investing.com -- U.S. stocks are mixed on Friday, heading toward a down week as investors fretted over the potential for higher for longer\" \/>\n<meta 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