Marketwatch, trending stocks
Major stock indexes dropped following debt ceiling talks in Washington!
Even though it ended on a positive note on Monday without a resolution, stocks reacted negatively
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Marketwatch;
Broadcom (AVGO):s shares were up nearly 2%
Lowe's (LOW): Shares were up 1.9%
Yelp (YELP): Shares rose 6.4%
PacWest (PACW): Shares jumped 14%
AutoZone (AZO): shares are down more than 6%
Zoom Video Communications (ZM): stock fell nearly 8% #stocktobuy #stocks pic.twitter.com/i39OOhTkjO— The_Journalbiz (@the_journalbiz) May 23, 2023
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Lowe’s (LOW): Shares were up 1.9% after the company cut its sales guidance as demand for home renovation projects weakens more than expected.
Broadcom (AVGO): The chip-and-network equipment maker’s shares were up nearly 2% in afternoon trading following news that it struck a multibillion-dollar supply deal with Apple.
Yelp (YELP): Activist investor TCS Capital Management has built a stake in the service-recommendation site and is calling on it to explore options including a sale, The Wall Street Journal reported. Shares rose 6.4% in afternoon trading.
PacWest (PACW): Shares jumped 14%, building on a 20% gain Monday. Yesterday’s jump came after the embattled bank said it would sell a $2.6 billion property-loan portfolio to Kennedy-Wilson Holdings.
AutoZone (AZO): The auto-parts retailer’s shares were recently down more than 6% after the company reported quarterly sales that missed Wall Street’s consensus estimate, while beating expectations on profit. The shares were on pace for their largest percentage degcase since May 2022, according to Dow Jones Market Data.
Zoom Video Communications (ZM): The videoconferencing company posted higher-than-expected first-quarter earnings, but its stock fell nearly 8% Tuesday.
