Stocks making the biggest moves midday: Tesla, Netflix, Intel and more

3 months ago

Reed Hastings, CEO of Netflix

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Here are the stocks making notable moves connected Thursday, Jan. 27.

Tesla — Shares of the automaker fell much than 8% contempt Tesla's beating estimates connected the apical and bottommost lines for the fourth quarter. The institution warned that proviso concatenation issues mightiness bounds accumulation successful 2022 and announced that it would debut nary caller models this year, disappointing immoderate Wall Street analysts.

Netflix — The streaming giant's shares jumped much than 7% aft Pershing Square's Bill Ackman revealed Wednesday evening that helium purchased much than 3.1 cardinal shares, which made him a top-20 shareholder. Ackman said helium started buying the dip connected Friday aft Netflix suffered a steep sell-off connected slowing subscriber growth.

Intel — Shares of the spot banal fell 7% contempt Intel's reporting better-than-expected fourth-quarter earnings and delivering upbeat guidance. Intel's largest business, its Client Computing Group, was down 7% year-over-year to $10.1 billion, though it inactive bushed analysts' mean estimation of $9.6 billion, according to FactSet.

ServiceNow – ServiceNow shares jumped much than 8% pursuing the company's fourth-quarter results. The unreality bundle institution earned $1.46 per stock excluding items connected $1.61 cardinal successful gross during the period. Analysts were expecting the institution to gain $1.43 per stock connected $1.60 cardinal successful revenue, according to estimates compiled by Refinitiv. Piper Sandler upgraded the banal to an overweight standing pursuing the report, citing "strong fundamentals."

Corning – The materials banal jumped 3.2% aft Goldman Sachs upgraded Corning to bargain from neutral. Shares besides gained 11% connected Wednesday aft a beardown net report.

McCormick — Shares of the nutrient institution roseate 6% aft beating connected the apical and bottommost lines of its quarterly results. McCormick earned 84 cents per share, topping analysts' estimates by 4 cents. The institution made $1.73 cardinal successful revenue, higher than the forecast $1.71 billion.

Teradyne – Shares of the automation institution dove 27% aft Teradyne issued first-quarter guidance that was good beneath Wall Street expectations for net and revenue. The institution warned of slowing request successful 1 of its cardinal extremity markets for 2022. However, Teradyne bushed estimates connected the apical and bottommost lines for 2022, according to FactSet's StreetAccount.

Lam Research – Lam shares slid by astir 7.5% contempt the semiconductor institution reporting beardown quarterly earnings. It besides reported gross for the 4th that missed estimates and issued a weaker-than-expected quarterly forecast, citing continuing proviso concatenation issues.

Seagate Technology – The information solutions institution saw its shares soar by much than 11% aft it raised its semipermanent nett borderline people successful its quarterly net report.

Packaging Corp. of America – Shares of the containerboard institution jumped astir 10% aft a stronger-than-expected 4th quarter. The institution reported $2.04 cardinal successful revenue, supra the $1.94 cardinal expected by analysts, according to FactSet's StreetAccount. Packaging Corp.'s first-quarter net guidance besides topped expectations.

Ball Corp. – The packaging banal surged 8.7% aft the institution bushed expectations connected the apical and bottommost lines for the 4th quarter, according to estimates from FactSet's StreetAccount. The institution said that request "continues to outpace supply" for its products.

Planet Labs – Shares of the Earth-imaging level institution popped much than 3% aft concern steadfast Needham initiated sum of Planet Labs astatine buy. Needham said it sees accelerating gross maturation for the company.