Marketwatch, Stocks bonda and more
Stocks wobbled in early afternoon trading to kick off a busy week for earnings. Coca-Cola posted results before markets opened Monday, while First Republic is due to report after the close.
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Marketwatch:
Coca-Cola (KO): Shares edged up 0.6%
Credit Suisse (CS): shares rose more than 1.5% premarket, while UBS's rose 1.1%
First Republic Bank (FRC): Shares rose nearly 10%
Bed Bath & Beyond (BBBY): Shares plunged 35%
Royal Philips (PHG) shares rose 14%#StocksToBuy pic.twitter.com/agRQAwacBr— The_Journalbiz (@the_journalbiz) April 24, 2023
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Bed Bath & Beyond expects all its retail locations to eventually close.
Coca-Cola (KO): Shares edged up 0.6% after the drinks giant posted higher-than-expected earnings.
Credit Suisse (CS): The Swiss bank’s earnings gave a glimpse into its chaotic final weeks before its rescue by UBS. Credit Suisse’s American depositary shares rose more than 1.5% in afternoon trading, while UBS’s rose 1.1%.
First Republic Bank (FRC): The troubled regional bank is also due to post earnings Monday. The results will give insight into the extent of the damage after sharp deposit outflows. Shares rose nearly 10%.
Bed Bath & Beyond (BBBY): Shares plunged 35% after the once-powerful retailer filed for bankruptcy protection.
Royal Philips (PHG): The Dutch health-technology company reported higher sales, as well as a wider net loss after booking a litigation provision. American depositary shares rose 14%.
