The Netflix logo is shown in this illustrated photo of Encinitas, CA.
Mike Break | Reuters
Check out the companies that make headlines for noon trading.
Netflix — Streaming giant’s share has since surged 14% The company’s fourth quarter report It exceeded Wall Street’s expectations for revenues of over 200 million and subscribers. Netflix also said it would consider buying back shares and expects it to be a break-even point on a cash flow basis this year. Netflix wins upgrades from Wells Fargo and UBS, Further raise emotions.
Penn National Gaming — Credit Suisse begins coverage of sports lottery company With excellent evaluation, Increase share by 5%. The Wall Street company said it has the potential to take leadership in online betting and expects targeted cost savings and higher-than-expected margins.
Ford motor — Automaker’s share has since surged 4.6% Deutsche Bank has added catalytic call or short-term buying ideas to stocks.. The bank said it was particularly bullish in its earnings report scheduled for early February. The company maintained Ford’s long-term holding rating.
Draft Kings — The share of sports lottery companies has since surged 3.5% Morgan Stanley has upgraded its inventory from the same weight to overweight. The Wall Street company expects DraftKings to report quarterly earnings 10% ahead of the consensus, calling it pure play in the gambling industry. The company plans to report the results on February 25th.
Alibaba – The share of e-commerce giants has since risen by more than 5% The founder, Jack Ma, first appeared publicly in a few months. CNBC previously reported that Ma was sluggish after making what appeared to be critical to China’s financial regulators in October.
Beyond Meat – The share of meat makers has fallen by more than 3% since then BTIG has devalued its shares to a neutral rating. “We believe that growth through retail channels is not enough to sustain 2021 growth and high volume trading,” the company said in a note to its customers. Beyond Meat’s share is up 24% from last year.
Bank of New York Mellon — Bank stocks fell nearly 7%, despite better-than-expected top and bottom line results in the fourth quarter. Bank of New York Mellon reported $ 0.96 adjusted earnings per share for revenue of $ 3.84 billion. According to Refinitiv, analysts expected revenue of $ 3.83 billion and 91 cents per share. Investment firm Piper Sandler said in a note to clients that the reduction in net margin was negative in the report.
US Bancorp – Local bank stocks fell more than 4% due to loss of earnings. Revenues were $ 5.75 billion, below Refinitiv’s estimate of $ 5.82 billion. Revenue was consistent with an estimate of 95 cents per share.
fastener — Fastenal’s fourth-quarter report was better than expected, but the share price of the industrial supplier fell 3.4%. According to Refinitiv, the company has earnings per share of 34 cents and revenue of $ 1.36 billion, slightly above both count estimates.
— CNBC’s Maggie Fitzgerald, Pippa Stevens and Jesse Pond contributed to the report.
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Netflix, Alibaba, Ford, Penn National Gaming, etc.
https://www.cnbc.com/2021/01/20/stocks-making-the-biggest-moves-midday-netflix-alibaba-ford-penn-national-gaming-more.html Netflix, Alibaba, Ford, Penn National Gaming, etc.