Check out the companies making headlines in midday trading. La-Z-Boy – The stock soared more than 19% after the furniture company topped Wall Street expectations for the fiscal fourth quarter. La-Z-Boy reported adjusted earnings of 95 cents per share on revenue of $554 million. This is above earnings estimates of 70 cents per share on revenue of $516 million, according to analysts polled by LSEG. Rocket Lab USA – Shares of the space company jumped around 9% after it signed a 10-launch deal with Japanese Earth observation company Synspective. The new launches are set to take place between 2025 and 2027. e.l.f. Beauty – The beauty company rose more than 7% after Canaccord Genuity said the stock is positioned for strong growth. The firm upped its price target on the stock to $250 from $214, which implies nearly 30% upside from Monday’s close. Six Flags , Cedar Fair – Shares of Six Flags and Cedar Fair rose around 4.5% and 7%, respectively, following the news that their merger is expected to be completed on July 1. Six Flags will also pay shareholders a special dividend of $1.53 per share after the deal closes. Celsius Holdings – The energy drink maker popped nearly 5% after Piper Sandler reiterated its overweight rating and called the stock’s recent sell-off “overdone.” The firm’s price target implies shares could jump more than 50% from Monday’s close. NextEra Energy – Shares tumbled more than 3% after the company said it plans to sell $2 billion in equity units to fund power and energy projects and pay back debt. Lennar – The homebuilder’s stock fell around 4.5% after the company projected in its fiscal third-quarter guidance that new orders would decrease quarter over quarter. However, the company posted better-than-expected results for the second quarter, reporting $3.45 in earnings per share on $8.77 billion of revenue compared with earnings estimates of $3.24 per share on $8.52 billion of revenue. Patterson Companies – The dental and animal health company surged almost 10% after it beat the Street’s expectations on revenue in the fiscal fourth quarter. The company reported adjusted earnings of 82 cents per share on $1.72 billion of revenue. Analysts polled by FactSet were expecting 82 cents per share in earnings on $1.7 billion of revenue. Occidental Petroleum – Shares of the Houston-based oil and gas
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