{"id":74811,"date":"2023-10-20T08:57:59","date_gmt":"2023-10-20T12:57:59","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/solaredge-enphase-american-express-knight-swift-intuitive-surgical-slb-and-more-movers\/"},"modified":"2023-10-20T08:58:02","modified_gmt":"2023-10-20T12:58:02","slug":"solaredge-enphase-american-express-knight-swift-intuitive-surgical-slb-and-more-movers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=74811","title":{"rendered":"SolarEdge, Enphase, American Express, Knight-Swift, Intuitive Surgical, SLB, and More Movers"},"content":{"rendered":"
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Stock futures declined Friday\u00a0and bond yields eased after the yield on the 10-year Treasury approached 5% Thursday following comments from Federal Reserve Chairman Powell that suggested the central bank would hold short-term interest rates steady at its next meeting but that a stronger economy could lead to higher-for-longer interest rates. Oil prices crossed $90 a barrel on concerns of an escalation in the Israel-Hamas war.<\/p>\n

These stocks were poised to make moves Friday:\u00a0<\/p>\n

\n

\n SolarEdge Technologies
\n (SEDG) warned that demand in Europe has slumped significantly and the solar-equipment maker slashed its estimates for third- and fourth-quarter revenue. The stock was falling 28% after
\n SolarEdge
\n said it experienced \u201csubstantial unexpected cancellations and pushouts of existing backlog from our European distributors\u201d during the second half of the third quarter. Competitor\u00a0
\n Enphase Energy
\n (ENPH) was down 16%, and shares of solar developers
\n Sunrun
\n (RUN) and\u00a0
\n SunPower
\n (SPWR) both dropped 9.7%.<\/p>\n

\n American Express
\n (AXP) reported better-than-expected third-quarter earnings of $3.30 a share and its sixth consecutive quarter of record revenue. Total card member spending climbed 7% to $420 billion on a currency-adjusted basis. In the U.S., card spending climbed 9% year over year. The stock was up 0.3%.<\/p>\n

\n Knight-Swift Transportation Holdings
\n (KNX), the North American truckload carrier, said revenue in the third quarter rose 6.5% to $2.02 billion, topping analysts\u2019 estimates. The company\u2019s less-than-truckload segment rose 7%, helping to offset a revenue drop of 22% in its core truckload segment. The stock surged 16%.<\/p>\n

\n Intuitive Surgical
\n Intuitive Surgical
\n (ISRG) was falling 6.7% after third-quarter revenue of $1.74 billion at the surgical robotics company missed analysts\u2019 estimates. Adjusted earnings of $1.46 a share beat forecasts of $1.42.<\/p>\n

SLB (SLB), the oil-field services company formerly known as Schlumberger, reported third-quarter earnings of 78 cents a share, beating analysts\u2019 expectations of 77 cents, but revenue of $8.31 billion that just missed forecasts.
\n SLB
\n stock declined 2.1%.<\/p>\n

\n Hewlett Packard Enterprise
\n (HPE) fell 3.9% after the enterprise hardware and services company said it expects adjusted earnings in fiscal 2024 of $1.82 to $2.02 a share, below analysts\u2019 forecasts of $2.15. HPE forecast revenue growth in fiscal 2024 of 2% to 4%.<\/p>\n

Railroad company
\n CSX
\n (
\n CSX
\n ) reported third-quarter earnings of 42 cents a share, 1 cent below Wall Street estimates. Revenue of $3.57 billion topped estimates but fell from $3.89 billion in the year-earlier quarter. Shares fell 3.8%.<\/p>\n

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

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

Stock futures declined Friday\u00a0and bond yields eased after the yield on the 10-year Treasury approached 5% Thursday following comments from Federal Reserve Chairman Powell that suggested the central bank would hold short-term interest rates steady at its next meeting but that a stronger economy could lead to higher-for-longer interest rates. Oil prices crossed $90 a […]<\/p>\n","protected":false},"author":1,"featured_media":74812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-74811","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nSolarEdge, Enphase, American Express, Knight-Swift, Intuitive Surgical, SLB, and More Movers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Stock futures declined Friday\u00a0and bond yields eased after the yield on the 10-year Treasury approached 5% Thursday following comments from Federal Reserve\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=74811\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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