Several ticker are trending today with a mix of positive and negative news affecting the market.
Eli Lilly and Company (LLY) made headlines with its announcement to limit the out-of-pocket costs of insulin to $35 a month, a move that will benefit those with diabetes who often face high medical expenses.
Kohl’s: A Surprise Fourth Quarter Loss and Slumping Sales
Kohl’s (KSS) shares fell almost 3% after the retail giant posted a surprise fourth-quarter loss and sales slumped due to a shift in consumer spending patterns.
Wendy’s (WEN) outlined its growth plans through 2025 in its quarterly earnings report as it streamlines costs to achieve higher sales.
Electric truck manufacturer, Rivian (RIVN), reported that its fiscal 2023 deliveries would be 20% lower than expected due to production scaling issues with its trucks, vans, and SUVs.
Nio (NIO), a Chinese premium EV startup, reported a larger-than-expected loss for the fourth quarter due in part to losses on purchase commitments, resulting in weak revenue guidance.
Novavax (NVAX) is struggling to enter the COVID-19 vaccine market and warned about its ability to stay in business next year.
Alibaba (BABA) shares rose following its quarterly earnings report and the 4% increase in the Hang Seng index.
Dollar Tree, Ticker DLTR: Weaker Guidance but Stock Rises
Dollar Tree (DLTR) stock rose almost 2% despite weaker guidance for the current fiscal year.
Tesla (TSLA) is set to launch its first Investor Day event in Austin, Texas, where CEO Elon Musk is expected to announce new Tesla products aimed at reducing reliance on fossil fuels and promoting a sustainable energy future.
HP (HPQ) posted mixed results amid a soft demand for personal computers. Sales for the fiscal quarter dropped 18% year-over-year, and printer sales decreased 5% from the previous year.
Lowe’s (LOW) reported weaker sales for the fourth quarter and issued a conservative outlook for the year ahead, with comparable sales expected to remain flat or decline up to 2% compared to the previous year.
The market is dynamic and ever-changing, and investors need to keep abreast of the latest trends and news to make informed decisions.