NCR, Hasbro rise; IBM, Signature Bank fall

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:

Hasbro Inc., up 56 cents to $79.98.

The toy maker beat Wall Street's profit forecasts with strong showings from Magic: The Gathering and other tabletop games.

Shopify Inc., up $1.83 to $34.37.

YouTube is teaming up with the e-commerce platform to make it easier for merchants who use Shopify to link to and manage products.

NCR Corp., up $3.68 to $32.78.

The Wall Street Journal reported that the private equity firm Veritas Capital is in talks to buy the maker of ATM machines.

International Business Machines Corp., down $7.25 to $130.88.

IBM's profit margins fell short of some forecasts amid concerns about the strong dollar’s effect on overseas revenue.

Signature Bank, down $8.84 to $187.28.

The New York-based commercial bank reported a decline in deposits.

Johnson & Johnson, down $2.54 to $171.69.

The health care giant reported better-than-expected earnings, but exchange rates again pinched its 2022 forecast.

Lockheed Martin Corp., up $3.10 to $390.38.

The defense contractor reported results that fell short of Wall Street's forecasts and lowered its outlook for the year.

Silvergate Capital Corp., up $14.55 to $79.60.

The owner of Silvergate Bank reported earnings that came in ahead of what analysts were expecting.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Johnson & Johnson (JNJ)
4.9366 of 5 stars
$146.35+0.1%3.25%9.12Hold$175.86
NCR (NCR)
1.8794 of 5 stars
$0.00-100.0%N/A58.87Hold$40.00
Shopify (SHOP)
0.1573 of 5 stars
C$98.42+1.0%N/A703.00Moderate BuyC$89.25
Lockheed Martin (LMT)
4.2137 of 5 stars
$465.83+1.0%2.70%17.04Hold$485.40
Silvergate Capital (SI)
0 of 5 stars
$0.40+11.1%735.50%-0.01N/A
Signature Bank (SBNY)
0 of 5 stars
$3.31-1.2%N/AN/AN/A
International Business Machines (IBM)
4.6166 of 5 stars
$166.58-0.3%3.99%18.87Hold$184.08
Hasbro (HAS)
3.9696 of 5 stars
$64.00-0.7%4.38%-6.31Moderate Buy$65.73
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Johnson & Johnson's Dip is a Strategic Buy Point for Investors

Johnson & Johnson's Dip is a Strategic Buy Point for Investors

JNJ shares hit a low, trading near $145 at under 14X earnings. With a high dividend yield, it's poised for a rebound.

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