Before you call, check out the companies that are making headlines. CrowdStrike — Shares soared 10% after the cybersecurity company posted better-than-expected first-quarter results and strong guidance. CrowdStrike reported adjusted earnings of 93 cents per share on revenue of $921 million, higher than the 89 cents expected by analysts surveyed by LSEG on revenue of $905 million. Hewlett Packard Enterprise – Technology stocks rose 15% after , as Hewlett Packard reported stronger-than-expected results for its fiscal second quarter. The company reported adjusted earnings of 42 cents per share on revenue of $7.2 billion, while analysts polled by LSEG expected earnings per share of 39 cents on revenue of $6.82 billion. Dollar Tree. Shares in the discount retailer fell 2% after reporting first-quarter results that were in line with analysts’ expectations, according to LSEG. Dollar Tree CEO Rick Dreiling also said the company is exploring the possibility of selling Family Dollar after acquiring the chain in 2015. PVH shares fell more than 1% after the luxury clothing brand’s owner announced that Martin Hagman, CEO of Tommy Hilfiger Global, PVH Europe, would leave the company. PVH also reported higher earnings and revenue in the first quarter and raised its earnings forecast for the full year. Nio – The electric vehicle maker gained 1% after the company received regulatory approval to build a third plant in China, according to Reuters. The company also received permission to test its self-driving technology on roads with several other automakers. AMC Entertainment – The cinema chain fell in price by 1%. The stock is up nearly 11% for the week as momentum around the meme stock picks up after Roaring Kitty posted a screenshot that appears to reveal a huge position in GameStop stock. Applied Materials, KLA – Semiconductor equipment makers gained 2% each after Barclays upgraded the stock to an equal weight rating from underweight. Analyst Tom O’Malley cited rising Chinese spending this year as a catalyst for the ratings upgrade. Instacart — Shares of the e-commerce company rose nearly 2% after research firm Gordon Haskett upgraded the stock to a buyout. The company said Instacart shares had sold off too much and that early data was positive for the company’s second-quarter results. Taiwanese semiconductor manufacturing. Shares in the semiconductor maker rose 2% after introducing a new generation of 2nm chips designed to run faster and use less power than previous versions, according to Barclays. The bank also raised its target price for the shares. Hanesbrands — Shares of the apparel company rose 15% after Hanesbrands struck a deal to sell its global Champion business to Authentic Brands. The deal could be valued at $1.5 billion and is expected to be completed in the second half of 2024. CNBC’s Jesse Pound reported.
