Check out the companies that are trending in intraday trading. UnitedHealth — Shares rose 5.2% Tuesday, single-handedly pushing the Dow Jones Industrial Average higher. UnitedHealth reported better-than-expected first-quarter sales and reaffirmed its full-year earnings forecast, excluding items, at $27.50 to $28 per share. Analysts polled by FactSet had expected $27.50. Johnson & Johnson — The drug company fell 2.2% despite beating first-quarter profit expectations and reporting in-line revenue. Johnson & Johnson has adjusted its full-year sales forecast for 2024 to a range of $88.0 billion to $88.4 billion, compared to its previous forecast of $87.8 billion to $88.6 billion. SolarEdge Technologies — Barclays maintained its Underweight rating on the company, saying fixed costs weighed on profit margins and contributed to a 2% decline in the stock. However, the Wall Street bank raised its price target for SolarEdge from $50 to $61. The stock’s closing price on Monday was $60.44. Morgan Stanley — Shares rose 2.4% after better-than-expected first-quarter results, with better-than-expected growth in the investment bank’s wealth management, trading and advisory business. The company also beat analysts’ profit and revenue expectations. Tesla — The electric car maker fell 2.7%, adding to its losses on Monday after Tesla said it would lay off 10% of its workforce, or about 14,000 workers. Live Nation Entertainment — The concert promoter fell more than 7% after the Wall Street Journal reported that the U.S. Department of Justice will file an antitrust lawsuit against the company. Bank of America — Charlotte-based Bank of America fell 3.5% after quarterly profit fell 18% to $6.67 billion, or 76 cents a share. Excluding the $700 million FDIC valuation, earnings were 83 cents per share. Revenue decreased 1.6% to $25.98 billion, broadly in line with LSEG’s expectations, as net interest income decreased compared to the same period last year. — CNBC’s Sarah Min and Tanaya Macheel contributed reporting.
UNH, SEDG, BAC, TSLA etc.
