{"id":66015,"date":"2023-09-27T10:54:24","date_gmt":"2023-09-27T14:54:24","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/stock-movers-costco-millerknoll-blink-charging-chargepoint-guardant-health-mattel\/"},"modified":"2023-09-27T10:54:26","modified_gmt":"2023-09-27T14:54:26","slug":"stock-movers-costco-millerknoll-blink-charging-chargepoint-guardant-health-mattel","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=66015","title":{"rendered":"Stock Movers: Costco, MillerKnoll, Blink Charging, ChargePoint, Guardant Health, Mattel"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000753559\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Stocks traded mostly higher Wednesday after the previous session\u2019s steep losses that were driven by investors\u2019 realization that the Federal Reserve will keep interest rates higher for longer and also a decline in consumer confidence.<\/p>\n<p>These stocks were making moves Wednesday: <\/p>\n<p>\n        Costco Wholesale<br \/>\n       (ticker: COST) reported fiscal fourth-quarter earnings and sales that beat analysts\u2019 estimates. The stock rose 1.5%. The retailer failed to provide an update on a potential increase in membership fees, a move that many on Wall Street believe is\u00a0overdue.<\/p>\n<div class=\"paywall\">\n<p>Furniture company<br \/>\n        MillerKnoll<br \/>\n       (MLKN) raised its fiscal 2024 outlook, saying it expects adjusted earnings $1.85\u00a0to\u00a0$2.15 a share, better than its previous guidance for profit of $1.70\u00a0and\u00a0$2 a share.<br \/>\n        MillerKnoll<br \/>\n       also posted first-quarter earnings and sales that beat analysts\u2019 expectations. The stock jumped 30%.<\/p>\n<p>\n        Blink Charging<br \/>\n       (BLNK) rose 11% to $3.25 after<br \/>\n        UBS<br \/>\n       initiated coverage of the electric-vehicle charging equipment company with a Buy rating and price target of $7.<br \/>\n        ChargePoint<br \/>\n       (CHPT) gained 7.1% after also being initiated at Buy at UBS.<\/p>\n<p>\n        Guardant Health<br \/>\n       (GH) gained 5.8% after shares of the oncology company were upgraded to Overweight from Neutral at<br \/>\n        Piper Sandler<span>.<\/span>\n      <\/p>\n<p>\n        Cloudflare<br \/>\n       (NET) rose 4.9% after the internet infrastructure company made several announcements including a partnership with<br \/>\n        Meta Platforms<br \/>\n       (META) to make Llama 2, an open source large language model, available to developers building AI applications on Cloudlfare\u2019s developer platform, Workers. <\/p>\n<p>\n        AAR Corp.<br \/>\n       (AIR), which provides aviation services to commercial and government operators, expects to swing to a profit in the current fiscal second quarter amid growing operating margins, Chief Executive John Holmes told The Wall Street Journal in an interview. On Tuesday, the company reported first-quarter adjusted earnings of 78 cents a share, higher than analysts\u2019 estimates, on a sales increase of 23%. Shares were up 3.8%.<\/p>\n<p>\n        Paramount<br \/>\n       (PARA) rose 3.2% after Hollywood writers agreed to a deal to end their strike.<br \/>\n        Netflix<br \/>\n       (NFLX) shares were up 0.8%, while<br \/>\n        Walt Disney<br \/>\n       (DIS) rose 0.5%.<\/p>\n<p>\n        Hasbro<br \/>\n       (HAS) and<br \/>\n        Mattel<br \/>\n       (MAT) were rising 1.4% and 3.5%, respectively, after coverage of the toymakers was initiated at Overweight at<br \/>\n        Morgan Stanley<span>.<\/span>\n       <\/p>\n<p>\n        E.l.f Beauty<br \/>\n       (ELF) was rising 1.5% to $110.91 after the cosmetics company was initiated with a Buy rating and $138 price target at UBS.<\/p>\n<p>\n        Amazon.com<br \/>\n       (AMZN) was rising 0.5% after slumping 4% on Wednesday after the Federal Trade Commission said\u00a0it was suing the online retailer and cloud company. The agency alleged that Amazon strategically prevents competition with its dominant online marketplace.<\/p>\n<p>Earnings reports are expected after the closing bell Wednesday from<br \/>\n        Micron Technology<br \/>\n       (MU) and<br \/>\n        Jefferies Financial Group<br \/>\n       (JEF).<\/p>\n<p>Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/stock-market-movers-ff482a56?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks traded mostly higher Wednesday after the previous session\u2019s steep losses that were driven by investors\u2019 realization that the Federal Reserve will keep interest rates higher for longer and also a decline in consumer confidence. These stocks were making moves Wednesday: Costco Wholesale (ticker: COST) reported fiscal fourth-quarter earnings and sales that beat analysts\u2019 estimates. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":66016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-66015","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock Movers: Costco, MillerKnoll, Blink Charging, ChargePoint, Guardant Health, Mattel | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stocks traded mostly higher Wednesday after the previous session\u2019s steep losses that were driven by investors\u2019 realization that the Federal Reserve will\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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