{"id":121192,"date":"2021-04-14T16:32:34","date_gmt":"2021-04-14T16:32:34","guid":{"rendered":"https:\/\/precoinnews.com\/?p=121192"},"modified":"2021-04-14T16:32:34","modified_gmt":"2021-04-14T16:32:34","slug":"stocks-making-the-biggest-moves-midday-goldman-sachs-bed-bath-beyond-moderna-and-more","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-goldman-sachs-bed-bath-beyond-moderna-and-more\/","title":{"rendered":"Stocks making the biggest moves midday: Goldman Sachs, Bed Bath & Beyond, Moderna and more"},"content":{"rendered":"

Check out the companies making headlines in midday trading.<\/em><\/p>\n

Goldman Sachs \u2014 Shares of the New York bank popped 4.4% in midday trading after the company posted first-quarter per-share earnings of $18.60\u2014crushing the $10.22 estimate of analysts surveyed by Refinitiv\u2014and revenue of $17.7 billion, more than doubled what it posted one year ago. As of the latest reading, Goldman shares are on pace for their best day since January.<\/p>\n

Bed Bath & Beyond \u2013 Shares of the big-box retailer tumbled nearly 9% after the company reported a double-digit decline in fiscal fourth-quarter sales. Its earnings per share came in at 40 cents adjusted, versus 31 cents expected by Refinitiv. Ongoing store closures and divestments as part of a bigger turnaround plan continued to weigh on Bed Bath & Beyond's results.<\/p>\n

Wells Fargo \u2014 The bank stock jumped more than 5% on Wednesday after Wells Fargo reported better-than-expected first quarter results and the company's management expressed optimism about a pickup in commercial loans. The bank reported $1.05 in earnings per share and $18.06 billion in revenue. Analysts surveyed by Refinitiv were looking for 70 cents per share and $17.5 billion in revenue.<\/p>\n

Moderna \u2014Shares of the drug maker popped 5% after Moderna\u00a0said its Covid-19 vaccine\u00a0was more than 90% effective at protecting against the virus\u00a0six months after a person's second shot. The data was based on more than 900 cases of the virus.<\/p>\n

JetBlue \u2013 The airline's share price advanced more than 2% following a bullish call from JPMorgan. The firm double upgraded the stock from an underweight rating to overweight, citing cost control measures and an attractive valuation. JPMorgan also raised its price target on the airline to $25 from $15. The new target is 20% above where shares closed on Tuesday.<\/p>\n

Harley-Davidson \u2014 Shares of the motorcycle company rose 1.1% after Bank of America initiated coverage on the stock with a buy rating and said it sees "accelerating brand momentum." The firm said it is bullish about the prospect of "adventure touring" in Harley-Davidson's future.<\/p>\n

Snap \u2013 Snap gained nearly 2% after Wedbush assumed coverage on the company with an outperform rating. The firm said Snap has an innovative platform with a young audience, and pointed to opportunity in augmented reality and social commerce. Wedbush's 12-month target price of $75 suggests a 20% rally from Tuesday's closing price.<\/p>\n

Occidental Petroleum \u2014 Shares of the the hydrocarbon exploration company rallied nearly 7% after MKM partners upgraded Occidental Petroleum to buy from neutral. The Wall Street firm\u00a0said investors should take advantage of the pullback in shares.<\/p>\n

Discovery \u2014 Shares of the media company dropped more than 3% after\u00a0CNBC reported that Credit Suisse is still unloading its position\u00a0in the wake of Archegos Capital Management's chaos. According to people familiar with the matter, the bank was selling 19 million shares of Discovery's class A stock on Tuesday.<\/p>\n

JPMorgan \u2013 Shares of JPMorgan dipped less than 1% even after the bank reported profit and revenue that exceeded analysts' expectations on robust trading results. The strong result was also helped by a $5.2 billion benefit from releasing money it had previously set aside for loan losses that didn't develop. The bank posted first-quarter profit of $14.3 billion, or $4.50 a share including a $1.28 per share benefit from the reserve release, higher than the $3.10 per share expected by analysts surveyed by Refinitiv. The stock has risen more than 20% in 2021.<\/p>\n

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\u2014 with reporting from CNBC's Yun Li, Jesse Pound, Tom Franck and Pippa Stevens.<\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Check out the companies making headlines in<\/p>\n","protected":false},"author":3,"featured_media":121191,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nStocks making the biggest moves midday: Goldman Sachs, Bed Bath & Beyond, Moderna and more - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-goldman-sachs-bed-bath-beyond-moderna-and-more\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks making the biggest moves midday: Goldman Sachs, Bed Bath & Beyond, Moderna and more - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Check out the companies making headlines in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-goldman-sachs-bed-bath-beyond-moderna-and-more\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-14T16:32:34+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/04\/Stocks-making-the-biggest-moves-midday-Goldman-Sachs-Bed-Bath-Beyond-Moderna-and-more.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-goldman-sachs-bed-bath-beyond-moderna-and-more\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-goldman-sachs-bed-bath-beyond-moderna-and-more\/\",\"name\":\"Stocks making the biggest moves midday: Goldman Sachs, Bed Bath & Beyond, Moderna and more - 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