American Airways, Halliburton, RH, AMC and extra

Take a look at the businesses making headlines on Monday lunchtime:

Halliburton – The oilfield producer’s shares fell 2% after the corporate posted better-than-expected outcomes for the earlier quarter. Halliburton made 11 cents per share, beating a refinitive estimate of eight cents per share. Nevertheless, gross sales fell in need of analysts’ expectations.

American Airways – American Airways shares rose greater than 2% after the airline plans to renew flights on the Boeing 737 Max in December. The plan is pending till the plane is recertified by the Federal Aviation Administration.

FedEx, UPS – FedEx and UPS rose 2.2% and 1% respectively after that The Wall Street Journal The 2 corporations have reportedly informed their shippers that their trip delivery capability is close to their restrict.

CVS – The pharmacy and pharmacy firm’s shares rose 1% after CVS introduced it might rent 15,000 individuals to organize for an anticipated fall and winter surge in Covid-19 and flu instances. Greater than half of the brand new workers will likely be full-time and part-time pharmacy technicians who can carry out coronavirus exams.

AMC – The inventory of film theaters rose greater than 22% after New York Governor Andrew Cuomo introduced that theaters in most components of New York may reopen on October 23 The brand new rule doesn’t embody New York Metropolis. Adam Aron, CEO of AMC, informed CNBC the transfer was “a monumental step ahead” for the business.

VF Corp – VF Corp shares had been down 1% after Financial institution of America downgraded the inventory from impartial to underweight. The corporate mentioned in a be aware that Van’s shoe model’s weak point would probably harm its inventory.

RH – An analyst at Jefferies opened a report on the inside design firm with an underperform ranking, noting: “Administration’s quest for a much less traveled path has largely labored lately, however we see an inherent execution danger sooner or later technique . “

American Fairness Funding Life – Shares fell greater than 16% after the life insurance coverage firm introduced a partnership with Brookfield Asset Administration to reinsure $ 5 billion in current debt. Brookfield will purchase a 19.9% ​​curiosity within the widespread inventory of American Fairness. American Fairness turned down Athene and MassMutual’s takeover proposal, saying it underestimated the corporate.

– CNBC’s Yun Li, Maggie Fitzgerald, Jesse Pound and Michael Bloom contributed to this report.