Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more – CNBC
NEW YORK, NEW YORK - APRIL 24: A person walks past a First Republic bank branch in Manhattan on April 24, 2023 in New York City. The U.S. bank will reveal its latest financial results but concerns over small and medium-sized banks persist following the collapse of Silicon Valley Bank (SVB) in March. (Photo by Spencer Platt/Getty Images)
Spencer Platt | Getty Images News | Getty Images
Check out the companies making headlines in midday trading.
First Republic, JPMorgan Chase First Republic shares and were halted after JPMorgan Chase acquired the ailing bank and most of its assets after regulators seized control. JPMorgan shares rose 2.1%.
General Motors The automaker gained 1.3% after Morgan Stanley upgraded General Motors to overweight from equal weight and called the stock oversold.
Norwegian Cruise Line The cruise company jumped 8.9% after on better-than-expected quarterly results. Norwegian Cruise Line also boosted its full-year profit forecast amid strong travel demand.
Exxon Mobil Shares shed 3.1% on the back of a Goldman Sachs downgrade to neutral from buy. The firm said the oil giant was less attractive after its multiyear run.
PacWest, Zions Bancorp. Regional bank stocks were volatile on Monday as investors reacted to the seizure and sale of First Republic Bank over the weekend. Shares of PacWest fell nearly 1.1% after rising earlier in the session. Zions Bancorp. fell more than 3.7%, while Western Alliance dipped about 3%. The SPDR S&P Regional Bank ETF (KRE) was down 2.8%.
SoFi Technologies The student loan refinancer fell more than 12.2% despite posting better-than-expected quarterly results. The company reported a loss of 5 cents per share and revenue of $460.16 million against consensus estimates of 7 cents and $441 million, according to Refinitiv. However, management said on the company earnings call Monday that demand for loans originating from the fourth quarter would see a lower monetization level due to higher interest.
Comcast The media stock gained 0.6% after Bank of America upgraded the media stock to buy from a neutral rating following its recent quarterly results. Analysts view Comcast as well positioned for a "strong turnaround."
Teradata The cloud database company jumped 6% after Guggenheim Partners upgraded the stock to buy from neutral. The Wall Street firm said Teradata is poised to outperform expectations for customer retention and grow revenue in its cloud sector. Its price target of $62 implies 60% upside.
On Semiconductor On Semiconductor jumped 8.9% after beating first-quarter earnings and revenue expectations. The chip firm reported per-share earnings ex-items of $1.19, greater than consensus estimates of $1.08 per share, according to FactSet. It posted revenue of $1.96 billion, greater than the expected $1.92 billion.
Scotts Miracle-Gro Shares rose 5.5% after Stifel upgraded Scotts Miracle-Gro to buy from hold and set an $80 price target, implying near-20% upside from Friday's close. Stifel analyst W. Andrew Carter said the maker of consumer lawn, garden and pest control products has an "attractive near-term set-up for the shares with a margin recovery enabling outsized EPS growth."
Global Payments Global Payments shares tumbled 8.6% despite a revenue and earnings beat for the recent quarter as the payments technology company announced a new CEO effective June 1.
Logitech Logitech shares gained 2.6% after Morgan Stanley upgraded the company to equal weight from underweight, citing a "more balanced catalyst path" ahead.
Disclosure: Comcast owns NBCUniversal, the parent company of CNBC.
CNBC's Sarah Min, Alexander Harring, Brian Evans, Jesse Pound and Yun Li contributed reporting
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Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more - CNBC
- Russia seeks full control of partially occupied Ukrainian regions in talks with US, media reports - Kyiv Independent - March 26th, 2025 [March 26th, 2025]
- Navigating the digital world without letting it control you. - Psychology Today - March 25th, 2025 [March 25th, 2025]
- ANZ Digital Padlock to give customers real-time control in fight against fraud and scams - ANZ - March 25th, 2025 [March 25th, 2025]
- Trump Handpicking Reporters and Bezos Partisan Shift: A Trend in Media Control - MSN - March 13th, 2025 [March 13th, 2025]
- Spains New Media Law Sparks Fears of Censorship and State Control - The European Conservative - March 5th, 2025 [March 5th, 2025]
- We dont feel we have control: How social media algorithms have warped our attention spans - MSNBC - March 3rd, 2025 [March 3rd, 2025]
- White House takes control of the press pool covering Trump - Reuters - March 3rd, 2025 [March 3rd, 2025]
- White House takes control of the press pool covering Trump - Reuters - March 3rd, 2025 [March 3rd, 2025]
- We dont feel we have control: How social media algorithms have warped our attention spans - MSNBC - March 3rd, 2025 [March 3rd, 2025]
- Reuters and Associated Press among outlets barred from Trumps first cabinet meeting - Semafor - March 3rd, 2025 [March 3rd, 2025]
- Reuters and Associated Press among outlets barred from Trumps first cabinet meeting - Semafor - March 3rd, 2025 [March 3rd, 2025]
- White House seizes control of press pool, will decide which outlets cover events with president - POLITICO - March 3rd, 2025 [March 3rd, 2025]
- White House seizes control of press pool, will decide which outlets cover events with president - POLITICO - March 3rd, 2025 [March 3rd, 2025]
- Epson And Show Sage At USITT 2025 Showcasing New 4K Projection With New Media Server And Control Tech - Live Design - March 3rd, 2025 [March 3rd, 2025]
- Epson And Show Sage At USITT 2025 Showcasing New 4K Projection With New Media Server And Control Tech - Live Design - March 3rd, 2025 [March 3rd, 2025]
- White House takes control of picking media who cover Trump - El Paso Inc. - March 3rd, 2025 [March 3rd, 2025]
- White House takes control of picking media who cover Trump - El Paso Inc. - March 3rd, 2025 [March 3rd, 2025]
- Trump administration to take control of media access at White House - New Straits Times - March 3rd, 2025 [March 3rd, 2025]
- USAID spent millions of dollars to promote media control through Internews which is linked to India based Factshala - Organiser - February 16th, 2025 [February 16th, 2025]
- Inaccurate reporting on foot and mouth disease controls - Defra in the media - February 16th, 2025 [February 16th, 2025]
- Russian forces take control of two settlements in eastern Ukraine, Media - APA - February 16th, 2025 [February 16th, 2025]
- TikTok's woes in the United States highlight the 'Godfather' battle to control social media - ABC News - February 5th, 2025 [February 5th, 2025]
- Jesse Watters: Air traffic control was "unable to meet their own DEI quotas, and thats what is leading to staffing shortages" - Media... - February 5th, 2025 [February 5th, 2025]
- Hive to launch Beeblade Nexus media control engine - Installation and AV Technology Europe - January 27th, 2025 [January 27th, 2025]
- Pakistan introduces law allowing government to block platforms, imprison users for spreading 'disinformat - The Times of India - January 27th, 2025 [January 27th, 2025]
- This little media control button is the gadget I can't live without - MSN - January 22nd, 2025 [January 22nd, 2025]
- Effective role of media is a must for tobacco control, experts say - bdnews24.com - January 22nd, 2025 [January 22nd, 2025]
- Effective media role vital for tobacco control: Experts - United News of Bangladesh - UNB - January 22nd, 2025 [January 22nd, 2025]
- How Government & Legacy Media CONTROL What We Think - iHeartRadio - January 9th, 2025 [January 9th, 2025]
- SNL kinda banned this 1998 'Schoolhouse Rock' parody warning about corporate media control - Upworthy - December 30th, 2024 [December 30th, 2024]
- Palestinian Authority: Jews Lied About Oct. 7 Because They Control the Media - Algemeiner - December 30th, 2024 [December 30th, 2024]
- NDCs control of major media houses gave them edge in 2024 polls Bawumia - Adomonline - December 22nd, 2024 [December 22nd, 2024]
- Hallmark Insights to Tackle the Debate on Social Media Management and Control in Organizations - PC Tech Magazine - December 14th, 2024 [December 14th, 2024]
- Rupert Murdochs bid to change familys trust over Fox News media empire control is rejected - Washington Times - December 10th, 2024 [December 10th, 2024]
- Rupert Murdoch loses battle to control succession to his media empire - The Guardian - December 10th, 2024 [December 10th, 2024]
- Journalist Abducted in Guinea Amid Military's Increasing Control Over Media - Oneindia - December 5th, 2024 [December 5th, 2024]
- Aleppo and Idlib Under Opposition Control, With Eyes on Hama - The Media Line - December 5th, 2024 [December 5th, 2024]
- Remilekun Dosumu takes the helm as Head of Media Buying & Control at PHD Nigeria - Marketing Edge - December 5th, 2024 [December 5th, 2024]
- Media reports US Republicans regaining control of House of Representatives - MENAFN.COM - November 14th, 2024 [November 14th, 2024]
- Social media misinformation is scaring women about birth control - STAT - November 5th, 2024 [November 5th, 2024]
- The (Lack Of) Science Behind Social Media Claims Of Weather Control - Forbes - October 14th, 2024 [October 14th, 2024]
- No, the government is not controlling the weather. "It's so stupid, it's got to stop," Biden says - CBS News - October 14th, 2024 [October 14th, 2024]
- Column: Media tries to control the narrative | Aiken Standard - The Post and Courier - October 12th, 2024 [October 12th, 2024]
- DoubleVerify To Introduce Pre-Screen Content Control On Meta, Strengthening Brand Safety, Suitability, Media Performance - Business - October 12th, 2024 [October 12th, 2024]
- Android Auto 13.0: Paving the way for enhanced media control - MSN - October 11th, 2024 [October 11th, 2024]
- Unveiling Android Auto 13.0: Paving the way for seamless media control - MSN - October 11th, 2024 [October 11th, 2024]
- How Trump consolidated control over his party and right-wing media in a cloud of confusion - CNN - October 4th, 2024 [October 4th, 2024]
- Israel aims to control the social media sphere by any means necessary, even through abduction - Middle East Monitor - October 3rd, 2024 [October 3rd, 2024]
- Media Throw Everything But the Facts Against Harriss Price Control Proposal - FAIR - September 28th, 2024 [September 28th, 2024]
- Control of Murdoch media empire at stake as hearing to proceed with mogul and children - ABC News - September 19th, 2024 [September 19th, 2024]
- Closed-door hearing in Nevada could decide control of the Murdoch media empire - PBS NewsHour - September 19th, 2024 [September 19th, 2024]
- A Second Trump Admin Means Giving Social Media Control Of The Presidency - Daily Kos - September 19th, 2024 [September 19th, 2024]
- Control of Murdoch media empire at stake as hearing to proceed with mogul and children - Beaumont Enterprise - September 19th, 2024 [September 19th, 2024]
- Control of the Murdoch media empire could be at stake - 9News - September 19th, 2024 [September 19th, 2024]
- TeleFico: How the Prime Minister Wants to Control the Media in Slovakia - The Journal - September 19th, 2024 [September 19th, 2024]
- The Growing Threat of Big Pharma, Big Tech, and Media Control Over America: A Warning Echoed from Eisenhower to Zuckerberg - MSN - September 6th, 2024 [September 6th, 2024]
- Pest Control Advisors Need to be on Social Media - AGInfo Ag Information Network - August 22nd, 2024 [August 22nd, 2024]
- Should parents control their teenagers' use of social media? - The National - August 22nd, 2024 [August 22nd, 2024]
- Parliamentary committee holds hearing on alleged gov't control of media - MSN - August 22nd, 2024 [August 22nd, 2024]
- NBC News host presses Gov. Whitmer on Harris' price control plan: Is it 'any more than a gimmick?' - Fox News - August 22nd, 2024 [August 22nd, 2024]
- "The situation is under control", as reported by the Russian media about the Ukrainian incursion - Vijesti.me - August 22nd, 2024 [August 22nd, 2024]
- The 6 Companies That Control The Media - MSN - August 16th, 2024 [August 16th, 2024]
- Hate speech and misinformation on social media are out of control heres what we should do about it - TNW - August 11th, 2024 [August 11th, 2024]
- Rupert Murdoch Wants Lachlan To Inherit Control Of Media Empire, Sparking Legal Battle With Other Children Report - Deadline - July 28th, 2024 [July 28th, 2024]
- Media has normalised Trump's bullying it's time to take control - Independent Australia - July 28th, 2024 [July 28th, 2024]
- Russian authorities to set control on social media accounts with over 1,000 followers - NEWS.am - July 15th, 2024 [July 15th, 2024]
- Lawrence O'Donnell Torches Media Over 'Out Of Control' White House Briefing - HuffPost - July 14th, 2024 [July 14th, 2024]
- Facebook and Instagram Update Ban List to Include Posts on Zionists Who Control the World - The Jewish Press - JewishPress.com - July 10th, 2024 [July 10th, 2024]
- HIV/AIDS in News: Time to Bridge the Gap between Media, HIV +ve Patient and State AIDS Control Society - Tripuratimes - July 10th, 2024 [July 10th, 2024]
- Social media is talking to teens about birth control, but do they know what they're talking about? - The Philadelphia Inquirer - June 30th, 2024 [June 30th, 2024]
- Smart Monkeys | partners with Hive Media Control - blooloop - June 16th, 2024 [June 16th, 2024]
- Slovakia's Fico plots to dismantle the free press - POLITICO Europe - May 15th, 2024 [May 15th, 2024]
- Liberia: Lack of Mass Media Control Denting Public Confidence in the Justice System - AllAfrica - Top Africa News - May 15th, 2024 [May 15th, 2024]
- Why Don't Media Care About The Man Who Killed Four Cops? - The Federalist - May 3rd, 2024 [May 3rd, 2024]
- Pedro Snchez threatens curbs on media amid corruption claims against wife - The Times - May 3rd, 2024 [May 3rd, 2024]
- This secret Android 15 feature could finally give you more media control with a Wear OS smartwatch - TechRadar - May 1st, 2024 [May 1st, 2024]
- New features in Microsoft Edge want to make you use the taskbar media controls more often - XDA Developers - May 1st, 2024 [May 1st, 2024]
- OPINION: Soviet-style control of art and media is not so foreign as you might think - Alaska Watchman - April 24th, 2024 [April 24th, 2024]
- The media is controlled and I'm out of control: Artist who smashed guitar at Coachella pulls out after backlash - Guitar World - April 24th, 2024 [April 24th, 2024]
- Social media will tell you birth control causes mental health issues, weight gain and infertility here are the facts - The Conversation - April 13th, 2024 [April 13th, 2024]