Covid spreads in China, Zoom earnings, Genesis troubles – what’s moving markets

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Go back to Covid spreads in China, Zoom earnings, Genesis troubles – what’s moving markets

Analog Devices (ADI) PT Raised to $195 at Stifel

November 22, 2022 1:30 PM EST

Stifel analyst Tore Svanberg raised the price target on Analog Devices (NASDAQ: ADI) to $195.00 (from $190.00) while maintaining a Buy rating.

... More

Medtronic dips on miss and lower guidance from slow procedure and supply recovery

November 22, 2022 9:01 AM EST

Medtronic (NYSE: MDT) fell nearly 5% in pre-open trading Tuesday following a miss on the top-line for the second quarter and lower full-year guidance.

The medical device maker reported that revenue fell 3% to $7.6 billion, missing the Wall Street consensus of $7.7 billion. The company said the results reflect "slower supply recovery or lower than anticipated underlying market procedure volumes in certain businesses and... More

Best Buy (BBY) stock jumps on Q3 beat, raised guidance

November 22, 2022 8:37 AM EST

Best Buy (NYSE: BBY) shares gained over 8% in pre-open trading Tuesday following better-than-expected third-quarter results and raised guidance.

The retailer posted non-GAAP EPS of $1.38, down from $2.08 last year, but better than the consensus of $1.03. Meanwhile, revenue fell 11.1% from last year to $10.59 billion but again... More