Check out the companies making headlines for noon deals. Having announced its intention to make it public in the US, Klarna will provide loans to Walmart customers both in stores and online through Fintech Startup OnePay, a majority of retailers. INCYTE – Drug inventory fell 9% after release of phase 3 trial data for skin condition treatment. Incyte said the drug’s trial met its primary endpoint. However, the drug was effective in less than half of participants who took it in the trial. Norwegian Cruise Line – Cruise operators earned 4% after an upgrade from JPMorgan’s neutral to overweight. Analyst Matthew Boss said Norwegian cruise line management showed that the more volatile macro background had not contributed to detectable changes to previous demand behavior. Netflix – Streaming Titan popped nearly 4% to buy from neutral after Moffettnathanson upgrade. Moffettnathanson said Netflix can monetize more than previously expected, which could help grow profits. Sprouts Farmers Market – After Deutsche Bank upgraded organic food retailers to a purchase rating from Hold, the stock added 3%. Banks are seeing the sales momentum in the same franchise stores sustainable and opportunities for margin expansion, while stocks’ recent pullbacks (20% decline in stocks over the past month) provide investors with an attractive entry point. Blackstone – Alternative Asset Manager popped 3% after an upgrade to buy from Neutral on UBS. Analyst Brennan Hawken said the stock has a “attractive long-term growth profile” and investors have the opportunity to invest in the “premier Alts platform” with a reasonable valuation. SL Green Realty – Evercore ISI upgraded real estate investment trusts and rose 2% after it rose side-by-side. The company cited better lease activities beyond Manhattan’s core submarket, potential casino licensing and recent sales as catalysts for upgrades. Monday.com – Shares rose almost 3% after DA Davidson upgraded its cloud-based project management software company to a purchase rating. The analysts repeatedly reiterated their confidence in the durability of the company’s cash flow in the future, pointing out the recent pullbacks that offer “lucky” entry points. Intel – Regulatory filings from Friday revealed that CEO Lip-Bu Tan will purchase $25 million worth of company stock within 30 days of appointment, resulting in nearly 8% plaguing semiconductor makers. Tesla – Electric vehicle inventory slipped 6% after price target reductions from the waterfront. Analysts were noted that sales of EVs were declining, but still endured the outperform rating. Mizuho’s new price forecast is down $430 from $515, representing a 72% increase from where Tesla’s shares closed on Friday. Robinhood – Stock trading platform rose 4%. Robinhood has announced a new forecast market hub for its app. Traders can use these event agreements to bet on the outcome of upcoming events, from sports tournaments to future interest rate decisions for the Federal Reserve. – CNBC’s Alex Hurling, Yun Lee, Jesse Pound and Nick Wells reported.
