Global Stock Market

MicroStrategy, AutoNation, Palantir and extra

Listed here are the businesses making headlines on Tuesday:

MicroStrategy — The enterprise software program firm’s shares fell greater than 5% Tuesday after the announcement to buy extra bitcoin. MicroStrategy stated it plans to supply $600 million of senior convertible notes and use the web proceeds to purchase bitcoin,. The transfer would mark the second time the corporate has made a bitcoin-related funding. Bitcoin’s worth topped $50,000 for the primary time ever on Tuesday.

AutoNation — Shares of AutoNation popped 4% after beating on the highest and backside traces of its quarterly earnings. The automotive firm reported earnings of $2.43 per share on income of $5.785 billion. Wall Avenue anticipated earnings of $2.01 per share on income of $5.564 billion, based on Refinitiv.

Palantir — Shares of Palantir dropped about 10% in noon buying and selling after the taciturn knowledge analytics firm reported earlier Tuesday a per-share lack of 8 cents in the course of the fourth quarter. Income of $322 million topped analyst expectations of $300.7 million. Palantir stated it closed 21 offers value at the least $5 million in complete contract worth in the course of the three months ended Dec. 31.

CVS Well being — Shares of the pharmacy chain dipped shut to five% regardless of reporting sturdy earnings backed by pharmacy gross sales and Covid-19 testing and vaccines. CVS earned $1.30 per share, outpacing the $1.24 per share anticipated by analysts surveyed by Refinitiv. Income got here in at $69.55 billion, in contrast with $68.75 billion anticipated.

Callaway Golf — Shares of the sports activities gear firm fell greater than 4% after an analyst from Cowen downgraded the inventory to market carry out from outperform. The agency stated in a observe that the enterprise restoration from widespread vaccinations was already priced in and that the merger between Callaway and TopGolf clouded the outlook within the years forward.

CoreLogic — The housing knowledge inventory jumped greater than 6.5% after the corporate introduced that it had acquired an unsolicited takeover provide from CoStar Group. CoreLogic had beforehand agreed to be acquired by Stone Level Capital and Perception Companions, and that deal continues to be in full pressure, the corporate stated.

Exxon, Chevron — Power shares rose on Tuesday as chilly climate throughout america triggered power shortages and rising oil costs. Shares of Exxon and ConocoPhillips rose greater than 2%, whereas Chevron rose about 1.8%.

–CNBC’s Tom Franck, Yun Li and Maggie Fitzgerald contributed to this story.

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