December 8, 2023

Foot Locker Inc. sign displayed in a store window in New York, USA

Michael Nagel | Bloomberg | Getty Images

Check out the companies making headlines in Friday afternoon trading.

blooming energy — Clean energy stocks rose 5.1 percent after JPMorgan upgraded its rating to overweight from neutral. The bank said a buying opportunity has emerged following the recent sell-off.

locker — Shares of the footwear retailer fell 25.7% after the footwear retailer missed revenue and profit estimates for the fiscal first quarter. The company also lowered its full-year outlook, citing a “difficult macroeconomic backdrop.” Dick’s Sporting Goods It followed Foot Locker lower, down 6.5%.

Shares of Occidental Petroleum Corp, the Houston-based oil and gas producer, rose nearly 2%. Warren Buffett’s Berkshire Hathaway has bought more shares in each of the past six sessions, boosting its stake to 24.4%. Buffett has ruled out taking full control of Occidental Petroleum.

disney — The media conglomerate fell nearly 2 percent in midday trading after Macquarie Research downgraded the stock to neutral from outperform. “We still appreciate Disney’s ability to successfully transform
DTC has prioritized streaming over time, but now sees more temporary uncertainty,” Macquarie wrote.

Catalent — The drugmaker soared 14.4% midday after the company shared a business update. Chief Executive Alessandro Marcelli said by phone that the company believes it is “able to adequately serve (customer’s) needs.” The company has been dealing with issues at various production sites this year.

D — The e-commerce company rose 17.6% in midday trading after Farfetch reported first-quarter revenue that beat expectations. Farfetch reported sales of $556 million, compared with analysts’ Refinitiv forecast of $513 million.

Western Union, PacWest — Shares of regional banks each fell more than 4%, giving up some of their gains for the week. Despite the losses, Western Alliance and PacWest were up more than 20%.

— CNBC’s Hakyung Kim, Alex Harring, Yun Li and Sarah Min contributed reporting