{"id":143190,"date":"2021-10-30T02:48:27","date_gmt":"2021-10-30T02:48:27","guid":{"rendered":"https:\/\/precoinnews.com\/?p=143190"},"modified":"2021-10-30T02:48:27","modified_gmt":"2021-10-30T02:48:27","slug":"stocks-making-the-biggest-moves-midday-ford-ebay-apple-tesla-merck-and-more","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-ford-ebay-apple-tesla-merck-and-more\/","title":{"rendered":"Stocks making the biggest moves midday: Ford, eBay, Apple, Tesla, Merck and more"},"content":{"rendered":"

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

Ford Motor \u2014 Shares of the automaker soared more than 9% after a stellar earnings report.\u00a0Ford Motor, which reported earnings Wednesday,\u00a0nearly doubled Wall Street's earnings expectations and slightly beat revenue projections for the third quarter. The automaker also increased its annual guidance for the second time this year.<\/p>\n

eBay\u00a0\u2014 The e-commerce company's stock fell roughly 6.3% after a weak fourth-quarter revenue guidance. eBay topped earnings expectations by 1 cent per share and beat revenue estimates, according to Refinitiv, however.<\/p>\n

Tesla \u2014 Shares of Tesla continued climbing as Piper Sandler hiked its price target on the electric vehicle stock to a new Street high. The stock traded up 3.2%. Piper Sandler raised its share price forecast to $1,300 from $1,200, implying 25% potential upside from Wednesday's close.<\/p>\n

Apple, Amazon \u2014 Big Tech names Apple and Amazon traded higher ahead of their quarterly earnings reports after the bell Thursday. Apple gained 2.3%, while Amazon rose 2.1%.<\/p>\n

Caterpillar\u00a0\u2014 Shares of Caterpillar rose 3.3% after it reported a third-quarter beat on bottom-line estimates despite a slight revenue miss. The heavy equipment maker recorded earnings of $2.66 per share, beating analysts' estimates of $2.20.<\/p>\n

Naked Wines \u2014 Shares of Naked Wines leapt about 50% after hedge fund manager Glen Kacher revealed the company as a top pick on CNBC's "Halftime Report" Thursday. Kacher has built a 9.9% stake in the wine distributor. <\/p>\n

Merck\u00a0\u2014 The drug maker jumped more than 5% after reporting its quarterly earnings. Merck brought in $1.75 per share, beating estimates by 20 cents, and topping revenue estimates thanks to stronger sales of vaccines and cancer drugs.<\/p>\n

Anheuser-Busch\u00a0\u2014 Shares of the beer brewer soared 8.5% after a surprise increase in third-quarter profit. The company also raised its earnings forecast for the year.<\/p>\n

Northrop Grumman – Shares of the defense contractor dropped more than 6% after the the company's third-quarter revenues came in at $8.72 billion, short the expected $8.95 billion, according to Refinitiv. The company saw year-over-year sales declines in its aeronautics and defense segments. Northrop did beat expectations for earnings per share.<\/p>\n

Twilio \u2014 Shares of Twilio sunk more than 15% despite better-than-expected quarterly earnings results. Twilio earned 1 cent per share, better than the 15 cent loss per share expected, according to Refinitiv. Revenue also came in above estimates. However, Twilio forecast a wider-than-expected loss in the fourth quarter. COO George Hu also announced his departure.<\/p>\n

Teradyne \u2014 Teradyne's stock surged 11% after a better-than-expected earnings report. The equipment maker reported adjusted profit of $1.59 per share on revenue of $950.5 million. Analysts surveyed by StreetAccount expected earnings of $1.43 per share on revenue of $932.9 million. Teradyne also received upgrades from Cowen and UBS following the earnings report.<\/p>\n

Tempur Sealy \u2014 The mattress company's shares fell 3.7% despite reporting strong quarterly results. Tempur Sealy recorded earnings of 88 cents per share for the quarter, beating estimates by 3 cents. It also reported a revenue beat and a strong sales increase in international markets.<\/p>\n

Teladoc Health \u2014 Shares of telehealth company popped more than 8% in midday trading after reporting a smaller-than-expected earnings loss for the third quarter. Teladoc lost 53 cents per share, while analysts expected a loss of 65 cents per share, according to Refinitiv. The company made $522 million in revenue, topping estimates of $517 million.<\/p>\n

ServiceNow \u2014 Shares of the software company rose 3.6% in midday trading after beating on the top and bottom lines of its quarterly results. ServiceNow reported earnings of $1.55 on revenue of $1.51 billion. Wall Street expected earnings of $1.38 per share on revenue of $1.48 billion, according to Refinitiv.<\/p>\n

American Express \u2014 Shares of American Express dipped more than 2% after the company announced a new fully digital business checking account and its first ever business debit card.<\/p>\n

\u2014 CNBC's Tanaya Macheel, Maggie Fitzgerald, Yun Li and Jesse Pound contributed reporting<\/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":143189,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nStocks making the biggest moves midday: Ford, eBay, Apple, Tesla, Merck 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-ford-ebay-apple-tesla-merck-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: Ford, eBay, Apple, Tesla, Merck 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-ford-ebay-apple-tesla-merck-and-more\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-30T02:48:27+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\/10\/Stocks-making-the-biggest-moves-midday-Ford-eBay-Apple-Tesla-Merck-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-ford-ebay-apple-tesla-merck-and-more\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/stocks-making-the-biggest-moves-midday-ford-ebay-apple-tesla-merck-and-more\/\",\"name\":\"Stocks making the biggest moves midday: Ford, eBay, Apple, Tesla, Merck and more - 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