Stocks to Watch Cisco, Walmart, CVS Health

Aug 17, 2023 thejournalbiz

Stock Market Today had a timid reaction as stocks waver while key treasury yield keeps rising!

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Marketwatch:

Cisco (CSCO): stock rose 4%
Walmart (WMT): stock fell more than 1%
Hawaiian Electric (HE): stock sank 15%
CVS Health (CVS): The stock fell 9%
VinFast (VFS): stock fell over 18%
Ball (BALL): The stock rose about 3%
Wolfspeed (WOLF): The stock dropped 17%#stocks pic.twitter.com/50NuLcwGLU

— The_Journalbiz (@the_journalbiz) August 17, 2023

Factset chart

Trending stocks today ( Thursday) are;

Walmart (WMT): The country’s top-selling retailer said sales and profits rose in the most recent quarter, and raised its full-year outlook for both, citing strong first-half performance. Walmart stock fell more than 1%.

Hawaiian Electric (HE): The utility is speaking with restructuring firms as it explores options to address financial and legal challenges arising from the Maui wildfires, The Wall Street Journal reported. Its stock sank 15%.

CVS Health (CVS): The stock fell 9% after the Journal reported the health insurer Blue Shield of California is dropping CVS’s Caremark as its pharmacy benefit manager.

VinFast (VFS): The electric-vehicle stock fell more than 18%, setting it up for a second down day after a blockbuster debut Tuesday that on paper made it more valuable than General Motors (GM) or Ford Motor (F).

Ball (BALL): The stock rose about 3% after it struck a $5.6 billion deal to sell its aerospace business to the U.K.’s BAE Systems (BAESY).

Wolfspeed (WOLF): The semiconductor company swung to a quarterly loss, hurt by $39.5 million in factory startup costs. The stock dropped roughly 17%.

Adyen (ADYEY): The Dutch payments giant’s stock fell by roughly a third in European trading, after its operating earnings for the first half fell short of expectations.