Market recap: Nvidia shares up on strong earnings, outlook

The chipmaker's fourth-quarter profit and outlook for the current year beat Wall Street forecasts.

February 16, 2019 at 6:40AM
FILE- In this Dec. 10, 2017, file photo Jacksonville Jaguars running back T.J. Yeldon warms up wearing Under Armour cleats before an NFL football game against the Seattle Seahawks in Jacksonville, Fla. Under Armour, Inc. reports financial results Tuesday, Feb. 12, 2019. (AP Photo/Stephen B. Morton, File)
Under Armour reported strong financial results this week, helped along by international sales (The Minnesota Star Tribune)

Earnings bounce: Nvidia shares rose 2 percent to $157.34 Friday after the chipmaker's fourth-quarter profit and outlook for the current year beat Wall Street forecasts.

Nice room: Hilton Worldwide jumped 5.9 percent to $78.72 Wednesday after its earnings and revenue easily beat analysts' forecasts as healthy travel demand helped the U.S. hotel operator boost room prices at a time when concerns linger around slowing global economic growth. Shares closed Friday at $81.75.

Faulty tap: Molson Coors plunged 9.2 percent to $59.31 Tuesday as lower sales volume hurt revenue and profit during the fourth quarter, and the brewer said it has to restate some past results. The company said tax-accounting errors in 2016 and 2017 are prompting the restatements. Shares closed the week at $60.91.

Active wear: Under Armour climbed 4.5 percent to $20.02 Tuesday after the maker of sportswear beat Wall Street forecasts, helped by a surge in international sales. Shares closed the week at $19.04.

More foundation: Coty Inc. shares rose 13.8 percent to $11 Tuesday after German conglomerate JAB Holdings said it hopes to take a majority stake in the maker of CoverGirl, Max Factor and Hugo Boss brand cosmetics. Coty shares closed Friday at $11.04.

Burrito biopic: Chipotle rose 3.4 percent to $602.79 Monday on news it has hired an award-winning director to create ads showcasing its kitchens, prep routines and partners. The chain is still rehabilitating its image years after a series of food-borne illnesses scared away customers and drove sales lower. Shares closed Friday at $605.89.

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This transmission electron microscope image shows SARS-CoV-2, the virus that causes COVID-19, isolated from a patient in the U.S., emerging from the surface of cells cultured in the lab. (NIAID/TNS) ORG XMIT: 1659810
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