By Liz Moyer
Investing.com -- U.S. stocks were mixed in midday trading on Thursday as investors continued to digest retail earnings. Here are the midday movers for Aug. 18:
- Kohl's Corp (NYSE:KSS) shares fell nearly 6% after the department store cut its outlook for the year and said inflation was affecting shopping habits among its middle-income customers.
- BJs Wholesale Club Holdings Inc (NYSE:BJ) shares jumped 8% to a new 52-week high as the membership warehouse retailer boosted its outlook and cited the strength of its grocery business as driving results.
- Estee Lauder Companies Inc (NYSE:EL) shares rose 1.5% after it beat expectations for the fiscal fourth quarter but gave guidance for the first quarter that fell below expectations, citing the termination of licensing agreements and Russia's ongoing war in Ukraine.
- Bed Bath & Beyond Inc (NASDAQ:BBBY) fell 21% on Thursday, continuing its wild ride, after activist investor Ryan Cohen told regulators in a filing he intended to sell the stake in the retailer he holds through his RC Ventures.
- Cisco Systems Inc (NASDAQ:CSCO) stock rose 6% after it reported stronger than expected results and gave optimistic guidance for fiscal year 2023, calming investor fears about a possible slowdown in business spending on IT.