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The Microsoft logo on the stand at Mobile World Congress 2023 in Barcelona, ​​Spain on March 2, 2023.

Joan Cross | Null Photo | Getty Images

Check out the companies making the biggest moves at noon.

microsoft — Stocks in tech giant Microsoft rose more than 8% on Wednesday. Earnings reports that exceed expectations a day ago. Analysts are adding to their bullish sentiment for the stock as Microsoft delves deeper into its artificial intelligence investments and integration with Azure.

alphabet — Shares of Google’s parent company have since risen by about 1%. Reported Earnings Exceeding ExpectationsThe company earned $1.17 per share on revenue of $69.79 billion, while analysts polled by Refinitiv had expected it to earn $1.07 per share on revenue of $68.9 billion. . The company also announced a $70 billion share buyback.

Amazon — The positive technology earnings also helped send Amazon’s shares up 3.9% ahead of the e-commerce giant’s earnings report due Thursday. Amazon begins layoffs in Cloud Computing and Human Resources on Wednesday. The cut was announced in advance.

Chipotle Mexican Grill — Stocks of the Mexican fast food chain soared nearly 15% to an all-time high after the company reported Quarterly Earnings and Earnings Exceed Analyst ExpectationsThe strong performance was supported by strong growth in same-store sales. CEO Brian Niccol also said the chain has demonstrated its pricing power.

boeing — Shares rose 3% after the company released its latest quarterly results and announced it would ramp up production of 737 Max aircraft later this year despite production problems. According to Refinitiv, Boeing reported an adjusted loss of $1.27 per share and revenue of $17.92 billion, but analysts had expected a loss of $1.07 per share on revenue of $17.57 billion.

activision blizzard — Shares fell 11% after UK regulators blocked Microsoft’s takeover of the video game publisher. Activision Blizzard says it will “actively” work with Microsoft to unblock it. The company also beat expectations for adjusted profit and earnings in the first quarter. 107230585

First Republic — Local bank shares dropped more than 20% upon Wednesday, magnifying the steep loss of the week. Advisors of the First Republic, Pitch a large bank about a potential bailout deala source told CNBC after local lenders saw a large deposit outflow in the first quarter.

pak west — Shares of regional banks surged 15% after they reported deposit inflows stabilized, but were still declining in the first quarter. At PacWest, from March 20th to April 24th he increased his deposits by $1.8 billion. However, first-quarter deposits fell from $33.9 billion to about $28.2 billion in the fourth quarter of 2022.

general dynamics — The stock fell 3.9% despite better first-quarter earnings and sales. However, earnings in the aerospace segment declined due to lower aircraft deliveries. CEO Phebe Novakovic said the company will incur certain period costs as it builds a “substantial” number of Gulfstream G700s due for delivery in the third and fourth quarters.

enphase energy — Shares fell nearly 25% after second-quarter earnings forecasts of $700 million to $750 million. Enphase CEO Badri Kothandaraman told CNBC’s Pippa Stevens that growth in the US has stalled.rival solaredge technology and first solar also fell by 8.6% and 3.4% respectively.

Old Dominion Freight Line — The freight forwarding company’s shares fell 9% after first-quarter earnings and earnings fell short of analyst expectations, according to FactSet. The company also reported lower volumes, citing continued domestic weakness and higher overhead costs.

tech resources — Shares rose 4.5% after the Canadian-based mining company announced The company will not proceed with the proposed split into two companiesInstead, Teck Resources plans to come up with a “simpler and more direct” separation plan.

— CNBC’s Yun Li, Hakyung Kim, Brian Evans, Pia Singh, Jesse Pound, Alex Harring, and Tanaya Macheel contributed to the report.

Summarize this content to 100 words The Microsoft logo on the stand at Mobile World Congress 2023 in Barcelona, ​​Spain on March 2, 2023.Joan Cross | Null Photo | Getty ImagesCheck out the companies making the biggest moves at noon.microsoft — Stocks in tech giant Microsoft rose more than 8% on Wednesday. Earnings reports that exceed expectations a day ago. Analysts are adding to their bullish sentiment for the stock as Microsoft delves deeper into its artificial intelligence investments and integration with Azure.alphabet — Shares of Google’s parent company have since risen by about 1%. Reported Earnings Exceeding ExpectationsThe company earned $1.17 per share on revenue of $69.79 billion, while analysts polled by Refinitiv had expected it to earn $1.07 per share on revenue of $68.9 billion. . The company also announced a $70 billion share buyback.Amazon — The positive technology earnings also helped send Amazon’s shares up 3.9% ahead of the e-commerce giant’s earnings report due Thursday. Amazon begins layoffs in Cloud Computing and Human Resources on Wednesday. The cut was announced in advance.Chipotle Mexican Grill — Stocks of the Mexican fast food chain soared nearly 15% to an all-time high after the company reported Quarterly Earnings and Earnings Exceed Analyst ExpectationsThe strong performance was supported by strong growth in same-store sales. CEO Brian Niccol also said the chain has demonstrated its pricing power.boeing — Shares rose 3% after the company released its latest quarterly results and announced it would ramp up production of 737 Max aircraft later this year despite production problems. According to Refinitiv, Boeing reported an adjusted loss of $1.27 per share and revenue of $17.92 billion, but analysts had expected a loss of $1.07 per share on revenue of $17.57 billion.activision blizzard — Shares fell 11% after UK regulators blocked Microsoft’s takeover of the video game publisher. Activision Blizzard says it will “actively” work with Microsoft to unblock it. The company also beat expectations for adjusted profit and earnings in the first quarter. 107230585First Republic — Local bank shares dropped more than 20% upon Wednesday, magnifying the steep loss of the week. Advisors of the First Republic, Pitch a large bank about a potential bailout deala source told CNBC after local lenders saw a large deposit outflow in the first quarter.pak west — Shares of regional banks surged 15% after they reported deposit inflows stabilized, but were still declining in the first quarter. At PacWest, from March 20th to April 24th he increased his deposits by $1.8 billion. However, first-quarter deposits fell from $33.9 billion to about $28.2 billion in the fourth quarter of 2022.general dynamics — The stock fell 3.9% despite better first-quarter earnings and sales. However, earnings in the aerospace segment declined due to lower aircraft deliveries. CEO Phebe Novakovic said the company will incur certain period costs as it builds a “substantial” number of Gulfstream G700s due for delivery in the third and fourth quarters.enphase energy — Shares fell nearly 25% after second-quarter earnings forecasts of $700 million to $750 million. Enphase CEO Badri Kothandaraman told CNBC’s Pippa Stevens that growth in the US has stalled.rival solaredge technology and first solar also fell by 8.6% and 3.4% respectively.Old Dominion Freight Line — The freight forwarding company’s shares fell 9% after first-quarter earnings and earnings fell short of analyst expectations, according to FactSet. The company also reported lower volumes, citing continued domestic weakness and higher overhead costs.tech resources — Shares rose 4.5% after the Canadian-based mining company announced The company will not proceed with the proposed split into two companiesInstead, Teck Resources plans to come up with a “simpler and more direct” separation plan.— CNBC’s Yun Li, Hakyung Kim, Brian Evans, Pia Singh, Jesse Pound, Alex Harring, and Tanaya Macheel contributed to the report.
https://www.cnbc.com/2023/04/26/stocks-making-the-biggest-moves-midday.html MSFT, CMG, BA, FRC Others

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