Stocks Moving Midday: Target, JD.com, Macy's

Shares of JD.com, the Chinese e-commerce giant, experienced a decline of over 5% on Wednesday after Walmart confirmed its decision to sell its stake in the company. This news coincided with JD.com’s announcement of a reduced full-year sales outlook, attributed to increased promotional activities and changing consumer preferences. The market reacted negatively, reflecting concerns over the company's ability to navigate these challenges. In contrast, Toll Brothers, a prominent homebuilder, saw its stock surge by 6% after reporting earnings that exceeded Wall Street's expectations. This positive performance highlights the resilience of the housing market amid broader economic uncertainties. Similarly, TJX Companies, which operates popular retail brands like T.J. Maxx and HomeGoods, also enjoyed a 6% increase in its shares after raising its full-year guidance, despite its outlook falling slightly short of analyst predictions. Meanwhile, Analog Devices, a semiconductor manufacturer, reported fiscal third-quarter results that surpassed expectations, leading to a 2% increase in its stock price. Coty, a beauty products company, rallied approximately 6% despite posting disappointing fourth-quarter results and offering weak guidance for fiscal 2025. Corning, a glass manufacturer, saw its shares rise over 2% following an upgrade from Mizuho, which cited an attractive entry point after a recent pullback. Keysight Technologies reported revenues of $1.22 billion, exceeding the anticipated $1.19 billion, and provided an optimistic revenue forecast for the upcoming quarter, further bolstering investor confidence.