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🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data
Midday movers: Bath & Body Works, Macy's, Nvidia and more
By Liz Moyer
Investing.com -- Stocks were mixed on Thursday on fears that interest rate hikes won't stop any time soon. Here are the midday movers for Nov. 17:
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Bath & Body Works Inc. (NYSE:BBWI) stock jumped 22% after the retailer raised its full year outlook and beat expectations for revenue and earnings per share. It expects full year EPS to be in a range of $3 to $3.20, up from an earlier forecast of $2.70 to $3.
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Macy’s Inc (NYSE:M) stock rose 15% after the department store operator boosted its outlook for the full year. Kohl's Corp (NYSE:KSS), another department store operator, withdrew its fourth quarter guidance, citing economic challenges and the departure of its CEO. Its shares rose 3.4%.
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NVIDIA Corporation (NASDAQ:NVDA) stock was flat after forecasting fourth quarter revenue of $6 billion, which is slightly below estimates. It beat expectations for revenue in the third quarter on strong results in its data center business.
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Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) shares fell 7% after a double downgrade from Credit Suisse (SIX:CSGN), citing headwinds heading into 2023 despite the cruise operator's optimistic outlook on bookings next year.
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Alibaba Group Holdings Ltd (NYSE:BABA) stock rose 7% after the Chinese e-commerce company beat adjusted profit expectations, though fell slightly short on revenue as it faces the continued challenge of Covid-19 related lockdowns at home.
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