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
View post:
Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more - CNBC
- 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]
- Sports gambling has gotten out of control - The Philadelphia Inquirer - March 26th, 2024 [March 26th, 2024]
- On the Cover: Andrew Huberman's Mechanisms of Control - New York Magazine - March 26th, 2024 [March 26th, 2024]
- Montgomery County breaks ground on library, animal control facility - Main Street Media of Tennessee - March 26th, 2024 [March 26th, 2024]
- St John's College Cambridge now has control over the SJV choir's social media - The Tab - March 26th, 2024 [March 26th, 2024]
- "Media credibility lies solely within its own control, by being objective, not getting involved in politics": VP Dhankar - SahilOnline - March 26th, 2024 [March 26th, 2024]
- Prince William Learned a Hard Lesson About Social Media Controlling the Royal Family Rumors - SheKnows - March 22nd, 2024 [March 22nd, 2024]
- This proposed bill would give Tennessee parents control over their child's social media accounts - News Channel 5 Nashville - January 31st, 2024 [January 31st, 2024]
- Why Is Shari Redstone, Ruler of a Vast Media Kingdom, Weighing a Sale? - The New York Times - December 25th, 2023 [December 25th, 2023]
- Poland's President Duda Vetoes 2024 Bill Over Media Control - BNN Breaking - December 25th, 2023 [December 25th, 2023]
- Israeli media failed to manipulate truth this time, says media union head | News - Yeni afak English - December 17th, 2023 [December 17th, 2023]
- Public Employees: "They Control Everything We Say on Social Media" - Confidencial - December 12th, 2023 [December 12th, 2023]
- The Vicious Cycle of Rumor in China - China Media Project - December 12th, 2023 [December 12th, 2023]
- Godrej announces launch of advanced pest control in India - FoodBev.com - November 3rd, 2023 [November 3rd, 2023]
- Xbox is about to get better apps and web games - The Verge - November 3rd, 2023 [November 3rd, 2023]
- Eve Pappas Honored as Decorated Business Women in New Jersey - PCT Online - November 3rd, 2023 [November 3rd, 2023]
- CDC's National Institute for Occupational Safety and Health ... - CDC - November 3rd, 2023 [November 3rd, 2023]
- 23-052 USACE to rehabilitate and improve Russel Creek Canal - nww.usace.army.mil - November 3rd, 2023 [November 3rd, 2023]
- Control RH to Improve Product Quality - Quality Assurance & Food Safety - November 3rd, 2023 [November 3rd, 2023]
- What the end of Japan's yield curve control experiment means for ... - Financial Times - November 3rd, 2023 [November 3rd, 2023]
- CBP officers seize $3.5M in cocaine at Colombia-Solidarity Bridge - Customs and Border Protection - November 3rd, 2023 [November 3rd, 2023]
- BLM planning prescribed burns - Bureau of Land Management - November 3rd, 2023 [November 3rd, 2023]
- The AMA welcomes bill to tighten tobacco and vaping laws - Australian Medical Association - November 3rd, 2023 [November 3rd, 2023]
- News Room: City of Red Deer announces pilot snow and ice control ... - The City of Red Deer - November 3rd, 2023 [November 3rd, 2023]
- Fire restrictions announced for Buloke - News & Media - November 3rd, 2023 [November 3rd, 2023]
- Will The Future See Interconnected Social Media Platforms? - Slashdot - November 3rd, 2023 [November 3rd, 2023]
- Red light speed camera installation on Cumberland Highway in ... - Transport for NSW - November 3rd, 2023 [November 3rd, 2023]
- Changed traffic conditions on City West Link and The Crescent ... - Transport for NSW - November 3rd, 2023 [November 3rd, 2023]
- Fusus' AI-Powered Cameras Are Spreading Across the United States - Slashdot - November 3rd, 2023 [November 3rd, 2023]
- How the People's Republic of China Seeks to Reshape the Global ... - Department of State - October 1st, 2023 [October 1st, 2023]
- Taylor Swift and the end of the Hollywood writers strike a tale of ... - Kansas Reflector - October 1st, 2023 [October 1st, 2023]
- Taking back control of your digital footprint - Digital Journal - October 1st, 2023 [October 1st, 2023]
- Annual Report to the Nation Part 2: New cancer diagnoses fell ... - CDC - October 1st, 2023 [October 1st, 2023]
- Why electric cars are driving the auto strikes - Canary Media - October 1st, 2023 [October 1st, 2023]
- Weed and Pest Control District will hold informational meeting on ... - Sheridan Media - October 1st, 2023 [October 1st, 2023]
- National media laud Liverpools firepower as Szoboszlai takes ... - This Is Anfield - October 1st, 2023 [October 1st, 2023]
- Kia and Hyundai Blame TikTok and Instagram For Their Cars ... - Slashdot - October 1st, 2023 [October 1st, 2023]
- One-hour training is all you need to control a third robotic arm - QMUL - October 1st, 2023 [October 1st, 2023]
- Gripping the AI revolution: Harnessing the power of technology ... - Aditya Birla Group - October 1st, 2023 [October 1st, 2023]