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Goldman Sachs, United, Discovery and more



A sign appears at the reception of Goldman Sachs in Sydney, Australia.

David Gray | Reuters

Check out the companies that are making headlines in the dinner trade.

JPMorgan, Goldman Sachs, Bank of America – Bank equities led the market comeback on Friday as bond yields rose again. JPMorgan, Goldman Sachs and Bank of America climbed more than 3% each as 1

0-year Treasury returns jumped 6 basis points to 1.35%. Benchmark yields fell to 1.25% when it was low on Thursday, raising concerns about an economic downturn.

American Airlines, United Airlines – Airlines’ shares rose again on Friday after losses in connection with the highly contagious Delta Covid variant raised concerns about the global economic comeback. The shares of American Airlines, Southwest Airlines and Alaska Air Group all rose more than 2.5%. Shares of United jumped 2.8% in midday trading.

Carnival Corp., Norwegian Cruise Line, Royal Caribbean – Shares of reopening of games as cruise operators rose on Friday, recovering losses from the previous session. Carnival climbed around 1.9%, while Norwegian Cruise Line popped 2%. Royal Caribbean collected almost 3%.

Discover Financial Services – Credit card holdings rose 5.6% after Citi upgraded the stock to buy from neutral following a change in analyst coverage. Citi said Discovery “has the clearest short-term path to benefit from the return of consumer card spending and lending, as pandemic-related benefits expire and increased payment rates return to lower levels.”

General Motors – General Motors shares rose more than 4% after Wedbush began covering the stock with better results and a $ 85 price target. This target implies an increase of more than 51% from the end of Thursday. “CEO Mary Barra, along with other key executives, has led the older car company back to the top of the U.S. auto industry,” Wedbush’s Dan Ives said in a note.

Levi Strauss – Shares in Levi Strauss added over 2% after retailer shattered Wall Street expectations in its fiscal second-quarter results. Levi reported adjusted earnings of 23 cents per share. Share at a turnover of $ 1.28 billion. Analysts expected earnings of 9 cents per. Shares on a turnover of $ 1.21 billion, according to Refinitiv.

Didi and US Listed Chinese Companies – Shares Paying Didi rose more than 5% on Friday, reversing the price of a sale earlier this week after Chinese regulators announced a cybersecurity review of the company last week, days after Didis public debut on the New York Stock Exchange. U.S. traded stocks in several other Chinese companies also rose again. Tencent Music Entertainment Group added 1.7% and Pinduoduo rose 1.6%. Baidu and Alibaba climbed more than 3%.

Virgin Galactic – Shares in the space company fell above 3% after Susquehanna raised its price target on Virgin Galactic’s stock to $ 45 from $ 20, but reiterated its neutral rating on the stock, saying the price had gone too far, too fast.

Signature Bank – The New York-based bank rose more than 5% after UBS reiterated its buy rating on it, driven in part by the company’s “early advantage” in cryptocurrency combined with the reopening of New York City. Signature Bank is known for being friendly to cryptocurrency companies, who often find it challenging to secure banking relationships.

Bumble, Match Group – Dating service stocks rose on Friday after RBC Capital Markets began covering both Bumble and Match with better results. The company said in a note to customers that online dating still has significant growth going forward. The shares in Bumble rose approx. 4%, while Match Group added more than 2%.

AMC Entertainment – Cinema chain shares fell 1.9% in midday trading as Wall Street analysts lamented the company’s decision not to issue more equity. AMC, a popular trade among Reddit users and now considered a “meme” stock, is making a “huge mistake for shareholders in not allowing the company to issue more shares at what we perceive as very high inflated prices,” Loop Capitals Alan Gould said in a note released Friday.

– CNBC’s Maggie Fitzgerald, Jesse Pound, Yun Li, Tom Franck and Tanaya Macheel contributed reporting

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