Check out the companies that are trending in intraday trading. United Airlines – Airline shares soared nearly 5% in his day after the company announced fourth-quarter profits and revenue beat expectations. The company said it will meet its full-year adjusted earnings target of $10 to $12 per share in 2023 and that bookings through 2024 are strong so far. But United Airlines expects to lose money in the first quarter after its Boeing 737 Max 9 planes were grounded this month. TKO Group – Shares of TKO Group Holdings rose 15.8% after the company announced a deal to bring WWE’s flagship show known as “Raw” to Netflix next year. The move marks Netflix’s first major foray into live sports. 3M – 3M fell more than 11% after announcing disappointing guidance. The company said it expects full-year adjusted earnings per share to be in the range of $9.35 to $9.75, below the $9.81 per share expected by analysts polled by LSEG. Alibaba – The China-based technology company’s U.S. shares soar after regulatory filings and The New York Times reveal that Alibaba’s co-founders have bought $200 million worth of stock. It soared nearly 8%. Sunnova Energy, Enphase Energy – Sunnova Energy and Enphase Energy are trading at nearly 5% each after Truist upgraded the solar stocks to buy rating, saying they could benefit from interest rate cuts this year by the Federal Reserve. He rose nearly 4%. Coinbase – JPMorgan downgrades the cryptocurrency exchange from equal weight to underweight, saying enthusiasm for the Spot Bitcoin ETF is waning and the company could face some hurdles. Coinbase fell 3%. NetEase – Chinese internet stock rose 7.9% on his. Beijing’s gaming regulator has removed draft video game regulations from its website, Reuters reported. These regulations were aimed at reducing spending on video games. CraneShares CSI China Internet ETF (KWEB) rose more than 4%. General Electric – Industrial stock fell 1% in intraday trading. General Electric beat expectations for the fourth quarter on revenue and bottom line, but the company shared a weaker-than-expected outlook for the first quarter. GE said it expects EPS to be in the range of 60 cents to 65 cents, while LSEG’s forecast is 72 cents. Zuora – The enterprise software company rose nearly 6% after Goldman Sachs bought more shares, citing stabilizing fundamentals and an “improving profitability profile.” The company sees 30% upside potential for Zuora stock. Teva Pharmaceutical – The drug stock rose about 4%. Jefferies upgraded Teva Pharmaceuticals to a “buy” rating, citing earnings growth opportunities in 2024. Lockheed Martin – Lockheed Martin fell more than 4% after the defense contractor shared a weaker-than-expected full-year earnings per share outlook. The company said it expects earnings to be in the range of $25.65 to $26.35 per share, compared to FactSet’s forecast of $26.61 per share. DR Horton – The homebuilder fell more than 9% after reporting mixed quarterly results. LSEG said sales beat expectations, but profit was 6 cents less than analysts expected. Halliburton – Halliburton rose his 2.5%. The oil company had mixed quarterly results, but its dividend increased from 1 cent to 17 cents per share. Logitech – Shares fell more than 11% after Logitech announced a decline in fiscal third-quarter sales. The mouse and keyboard maker also raised its full-year revenue outlook, but it was within analysts’ expectations, according to FactSet. Rumble – Rumble stock soared nearly 33% on him. This latest move builds on a 36% rise from Monday after the video platform and cloud services company announced a partnership with Barstool Sports. Johnson & Johnson – Johnson & Johnson stock fell nearly 2%, even though the company slightly beat Wall Street’s fourth-quarter expectations. The pharmaceutical giant also provided its full-year outlook, predicting revenue of $87.8 billion to $88.6 billion and adjusted earnings of $10.55 to $10.75 per share. Verizon – Shares rose 6.7% after the telecom giant’s fourth quarter beat Wall Street expectations. Verizon had adjusted earnings of $1.08 per share and revenue of $35.13 billion, compared to the expectations of analysts surveyed by LSEG of $1.07 per share and revenue of $34.64 billion. was. Procter & Gamble – Consumer staples stock rose more than 4%. Procter & Gamble’s second-quarter results were mixed, with profits beating expectations but falling short of revenue. The company said that the price increase contributed to the increase in sales, and its full-year outlook has been reduced. RTX – Shares rose more than 5% after RTX reported better-than-expected fourth-quarter results. RTX reported adjusted earnings per share of $1.29, beating the FactSet consensus estimate of $1.24 per share. Revenue of $19.93 billion exceeded the $19.74 billion expected by analysts polled by FactSet. Zions Bank – The local bank stock fell 1.3%. Zions Bank said Monday that net interest income fell 19% to $583 million in the fourth quarter, while loans rose 4%. — CNBC’s Yun Li, Sarah Ming and Alex Harring contributed reporting
Stocks with the biggest price movements at noon: UAL, TKO, MMM, BABA
