Monday, December 16, 2019

 


Home Depot, Kohl’s slip while Medicines, ServiceNow advance

NEW YORK — Stocks that moved substantially or traded heavily on Tuesday:

Home Depot Inc., down $12.99 to $225.86

The home improvement company cut its revenue forecast for the year after missing a key sales measure during the third quarter.

Kohl’s Corp., down $11.38 to $47.02

The department store operator cut its profit forecast for the year after reporting disappointing third-quarter earnings.

ServiceNow Inc., up $11.43 to $277.74

The cloud computing company will replace Celgene in the S&P 500 prior to the open of trading on Thursday.

Alliance Data Systems Corp., down $1.26 to $103.54

The manager of loyalty and rewards programs for retailers named a new CEO.

The Medicines Co., up $11.56 to $70.21

The drug developer is potentially a buyout target for pharmaceutical giant Novartis, according to Bloomberg News.

The TJX Cos., up $1.09 to $60.64

The parent of T.J. Maxx and Marshalls raised its profit forecast for the year after reporting encouraging third-quarter earnings.

Ashland Global Holdings Inc., down $2.81 to $75.84

The chemical company’s fiscal fourth-quarter profit and revenue fell short of Wall Street forecasts.

Occidental Petroleum Corp., down $1.16 to $38.14

Falling oil prices weighed on the oil and gas company and the broader energy sector.

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