Lowe’s, Fabrinet rise; Macy’s, Canadian Solar fall, Tuesday, 8/22/2023

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Tuesday:

Lowe’s Companies Inc., up $8.15 to $225.74.

The home-improvement retailer beat analysts’ second-quarter financial forecasts.

Baidu Inc., up $3.44 to $128.36.

The Chinese internet search company reported strong second-quarter earnings.

Fabrinet, up $36.88 to $153.66.

The technology manufacturer beat Wall Street’s fiscal fourth-quarter earnings and revenue forecasts.

Dick’s Sporting Goods Inc., down $35.51 to $111.53.

The sporting goods retailer cut its profit forecast for the year.

BJ’s Wholesale Club Holdings Inc., down $3.58 to $66.16.

The wholesale membership chain reported disappointing second-quarter revenue.

Wolfspeed Inc., up 54 cents to $45.02.

The maker of silicon carbide microchips is selling its radio frequency business.

Macy’s Inc., down $2.07 to $12.66.

The department store chain forecast economic uncertainty through 2023 after delivering weak second-quarter sales.

Canadian Solar Inc., down $3.97 to $26.79.

The solar wafers manufacturer gave investors a disappointing revenue forecast.

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