Macy's, Kraft Heinz rise; Alcon, NXP Semiconductor fall

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:

Exxon Mobil Corp., up 77 cents to $41.24

The energy giant its slashing its spending plans due to weak demand and a market flooded with an oversupply of oil.

Kraft Heinz Co., up 70 cents to $26.61

The food maker said it's seeing “very strong consumer demand” for its products.

Alcon Inc., down 82 cents to $51.50

The maker of eye care products withrew its financial forecasts for this year and will delay a decision on paying a dividend until next year.

V.F. Corp., up $1.67 to $56.34

The maker of Vans and North Face products suspended its stock buyback program but will keep paying dividends.

Luminex Corp., up $1.41 to $28.49

The maker of testing systems for biotechnology companies reported first-quarter revenue that beat its own forecasts.

Macy's Inc., up 28 cents to $5.91

The retailer said its chief financial officer would leave at the end of May.

NXP Semiconductors N.V., down $2.66 to $84.28

The chipmaker said the impact from COVID-19 on its first-quarter results would be worse than it had forecast on March 2.

Continental Resources Inc., up 96 cents to $10.45

The energy company said it would cut production in response to dropping demand and suspend its dividend.

Should you invest $1,000 in NXP Semiconductors right now?

Before you consider NXP Semiconductors, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NXP Semiconductors wasn't on the list.

While NXP Semiconductors currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report

Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Exxon Mobil (XOM)
4.1553 of 5 stars
$121.05+0.0%3.14%13.62Moderate Buy$132.28
Luminex (LMNX)
0 of 5 stars
$36.99flat1.08%72.53N/A
NXP Semiconductors (NXPI)
4.4881 of 5 stars
$235.04+4.2%1.73%21.95Moderate Buy$242.29
Compare These Stocks  Add These Stocks to My Watchlist 


Featured Articles and Offers

Search Headlines: