Goldman, Pfizer, Cheesecake Factory, Alibaba and more

A Cheesecake Factory restaurant in Louisville, Kentucky.

Andy Lyons | Getty Images

Check out the companies making the biggest moves at noon:

Goldman Sachs – The bank slipped more than 2% after it reported Tuesday earnings per share and revenue that missed Wall Street estimates.

Pfizer – Wells Fargo downgraded the pharma giant from overweight to equal weight on Monday, saying the company needs a reset from the pandemic to get shares working again. Pfizer lost 1.25% premarket.

MorganStanley – Morgan Stanley earnings on Tuesday beat Wall Street expectations, thanks in part to record wealth management earnings. Shares were up 1% premarket.

Vodafone — The British telco was up nearly 2% in the premarket. Ghana on Monday approved Vodafone’s sale of 70% of its stake in Vodafone Ghana to Telecel Group. On Thursday, Vodafone was upgraded to buy by Bank of America, which said it was optimistic about the company’s prospects given CEO Nick Read’s departure.

Global Payments — Morgan Stanley upgraded Global Payments to overweight from equal weighting on Tuesday, among other things, on the back of a more benign competitive environment and an attractive valuation. The company gained 2% in the pre-market.

Church & Dwight — Morgan Stanley upgraded the consumer goods maker to overweight from equal weighting and raised its price target to $91 from $82. Church & Dwight was up more than 1% in the premarket.

cheesecake factory – The restaurant chain slipped more than 3% after being downgraded to neutral from buy by Citi, saying the shares are close to their price target. Cheesecake was also downed to hold by Gordon Haskett.

Blooming Brands — Outback Steakhouse’s parent slipped nearly 2% after it was downgraded to hold by Gordon Haskett, who cited the company’s increasingly balanced risk-reward profile.

roku — Roku shares fell 1.8% after Truist downgraded the company to hold from a buy rating, and said the streaming stock is overly sensitive to a difficult macro environment as a large portion of its revenue is tied to advertising .

snap – JMP Securities downgraded the company from “Market Outperform” to “Market Perform” citing declining time spent on Snap and increasing competition from reels and YouTube shorts. Snap slipped 1.4% in the premarket.

Alibaba — Activist investor Ryan Cohen built a stake in the Chinese e-commerce giant, according to the Wall Street Journal. Cohen is urging the company to increase its share buyback program, the report said. Shares were up 0.5% premarket.

Reynolds consumer goods – Shares fell about 1.3% after Credit Suisse downgraded the homewares maker to neutral from outperform, saying stock gains are now feeding into the share price.

jacuzzi — Shares fell 3% after Whirlpool announced it sell a large part of its EMEA business, and form a new European-oriented company with the Turkish household appliance manufacturer Arcelik. Whirlpool will own 25% of the new company, while Arcelik will own 75%.

– CNBC’s Sam Subin, Sarah Min and Michael Bloom contributed coverage. Goldman, Pfizer, Cheesecake Factory, Alibaba and more

Sportsasff is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button