J&J Rises, Prologis Gains, Global Payments Jumps on FT Report
On this episode of Stock Movers:
- Johnson & Johnson (JNJ) shares rise. The company said 2Q sales were at $23.7 billion, beating expectations. The company also raised its full-year outlook.
- Prologis (PLD) shares gain after the industrial real estate investment trust delivered a beat-and-raise earnings report for the second quarter after raising the midpoint of its core FFO guidance and beating consensus expectations for the second quarter. Evercore ISI calls the results “better than feared.”
- Global Payments (GPN) shares jump after the Financial Times reported that activist hedge fund Elliott Management has built a “sizeable” stake in the company.
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