Midday trading sees notable shifts with stocks like UnitedHealth and First Solar making headlines
New York: Check out the companies making headlines in midday trading. Netflix added 1% after Seaport upgraded it to buy from neutral, just ahead of its earnings report next week.
UnitedHealth Group, however, saw its stock drop over 4% after its fourth-quarter revenue fell short of what analysts expected. They reported $100.81 billion, missing the $101.76 billion estimate, but did beat earnings expectations with $6.81 per share.
DigitalOcean Holdings gained about 3% after Morgan Stanley upgraded it to overweight, saying the stock isn’t reflecting its potential to serve larger clients or capitalize on AI opportunities.
Meanwhile, Morgan Stanley’s stock rose nearly 3% after it reported fourth-quarter results that beat Wall Street estimates, with a 29% gain in investment banking.
First Solar shares jumped almost 4% after Seaport called it one of the best options in its sector, upgrading the stock to buy from neutral.
Target slipped nearly 2% after raising its fourth-quarter sales guidance but not its profit outlook, suggesting shoppers were drawn in by deals.
Sezzle saw an 8% increase in shares after it updated its guidance, expecting revenue growth to exceed its previous forecast.
Southwest Airlines dropped nearly 4% after a downgrade to sell from neutral, with concerns about its earnings quality.
Blue Owl Capital shares rose 3.5% after TD Cowen upgraded it to buy ahead of its investor day in February.
Taiwan Semiconductor Manufacturing gained about 5% after reporting higher-than-expected revenue guidance for the current quarter, now forecasting between $25 billion and $25.8 billion.
On the flip side, U.S. Bancorp shares fell 5.6% after mixed fourth-quarter results, with adjusted earnings beating estimates but net interest margin falling short.
