Stocks making the biggest moves at noon: AMZN, GOOGL, AAPL
Workers load an Amazon Rivian Electric truck at an Amazon facility in Poway, California, November 16, 2022.
Sandy Hafakar | Reuters
Check out the companies in the spotlight on the midday deal.
Amazon – Shares of the e-commerce giant fell 8.4% despite revenue growthLate Thursday, Amazon issued weaker-than-expected guidance for the quarter. The company also reported: slower growth in the cloud business.
alphabet — The tech giant saw its shares fall 2.8% following its aftermath Disappointing income statement. Alphabet reported earnings per share of $1.05, below Refinitiv analyst consensus expectations of $1.18 per share. The company’s revenue of $76.05 billion was below the forecast of $76.53. Despite the difficult financial results announcement, Bank of America reiterated its buy stockthey say they expect 2023 results to be more promising.
apple – The iPhone maker’s shares rose 2.4% after analysts said it could. Look past the company’s difficult quarter. apple Missed Profit and Earnings Estimates Latest quarterly print. The company posted its biggest quarterly sales decline since 2016, dodging a strong dollar, production problems in China and difficult macro conditions.
nordstrom — Retailers have surged 24.8% since then The Wall Street Journal reported Activist investor Ryan Cohen has acquired a stake and plans to push for board changes, according to people familiar with the matter.
Clorox – Clorox shares rose 9.8% after cleaning products company outperformed earnings. The company made him $0.98 per share adjusted on his $1.72 billion in earnings. According to Refinitiv, Wall Street expected his adjusted earnings per share to be $0.65 and earnings to be $1.66 billion for him.
Starbucks — The coffee chain’s shares fell more than 4.4% after the company. disappointing Wall Street It posted earnings for the quarter and reported a hit to international sales from the Covid surge in China. China is her second largest market for the company.
ford – Ford Motor Shared Shed 7.6% Shortfall in fourth quarter earnings Both Wall Street and its own guidance.Deutsche Bank too downgraded the automaker’s stock to a sell ratingcites fourth-quarter misses and doubts about Ford’s 2023 earnings guidance.
Bill.com — Shares fell 26.7% after BMO Capital Markets downgraded from outperform to market performance, saying it feared a slowdown in its core business. According to FactSet, the online bill-paying company beat analyst expectations for earnings and earnings in the second quarter of the fiscal year.
start-up — Shares of the AI lending platform have since fallen 7.3%. Loop Downgraded Stocks Retain from purchase. The stock is up nearly 80% so far. The Wall Street firm said the rise was caused by a short squeeze.
Generak — The battery-backup company fell 6.5% after Guggenheim downgraded its shares from buy to neutral. The company says its stock has appreciated considerably after its recent rally.
— CNBC’s Samantha Subin, Hakyung Kim, Tanaya Macheel, Carmen Reinicke, and Yun Li contributed to the report.
https://www.cnbc.com/2023/02/03/stocks-making-the-biggest-moves-midday-amzn-googl-aapl.html Stocks making the biggest moves at noon: AMZN, GOOGL, AAPL