Midday movers: Bath & Body Works, Macy's, Nvidia and more

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Midday movers: Bath & Body Works, Macy's, Nvidia and more

By Liz Moyer

Investing.com -- Stocks were mixed on Thursday on fears that interest rate hikes won't stop any time soon. Here are the midday movers for Nov. 17:

  • Bath & Body Works Inc. (NYSE: BBWI ) stock jumped 22% after the retailer raised its full year outlook and beat expectations for revenue and earnings per share. It expects full year EPS to be in a range of $3 to $3.20, up from an earlier forecast of $2.70 to $3.

  • Macy’s Inc (NYSE: M ) stock rose 15% after the department store operator boosted its outlook for the full year. Kohl's Corp (NYSE: KSS ), another department store operator, withdrew its fourth quarter guidance, citing economic challenges and the departure of its CEO. Its shares rose 3.4%.

  • NVIDIA Corporation (NASDAQ: NVDA ) stock was flat after forecasting fourth quarter revenue of $6 billion, which is slightly below estimates. It beat expectations for revenue in the third quarter on strong results in its data center business.

  • Norwegian Cruise Line Holdings Ltd (NYSE: NCLH ) shares fell 7% after a double downgrade from Credit Suisse (SIX: CSGN ), citing headwinds heading into 2023 despite the cruise operator's optimistic outlook on bookings next year.

  • Alibaba Group Holdings Ltd (NYSE: BABA ) stock rose 7% after the Chinese e-commerce company beat adjusted profit expectations, though fell slightly short on revenue as it faces the continued challenge of Covid-19 related lockdowns at home. 

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