A Cheesecake Factory restaurant in Louisville, Kentucky.
Andy Lyons | beautiful pictures
Check out the companies making the biggest moves at midday:
Goldman book — Banks slip more than 2% later earnings per share and sales report missed Wall Street estimates on Tuesday.
related investment news
Pfizer — Wells Fargo downgrade pharmacyt balances his weight due to being overweight on Monday, saying the company needs to reset from the pandemic for the stock to work again. Pfizer has dropped 1.25% in the crypto market.
Morgan Stanley – Morgan Stanley’s Earnings beat Wall Street expectations Third, thanks, in part to record asset management revenue. Shares are 1% higher in premarket.
Vodafone The UK telecommunications company has gained almost 2% in the cryptocurrency market. On Monday, Ghana approved Vodafone’s sale of 70% of its shares in Vodafone Ghana to Telecel Group. On Thursday, Vodafone was upgrade to buy of Bank of America, said it was optimistic about the company’s prospects amid the departure of Chief Executive Nick Read.
Global payments — Morgan Stanley upgraded Universal Payments from equal weight to overweight on Tuesday, citing a more favorable competitive landscape and attractive valuation, among other factors. The company grew 2% in the premarket market.
Church & Dwight —Morgan Stanley consumer goods manufacturer upgrade to gain weight from the same weight and increase its price target to $91 from $82. Church & Dwight grew more than 1% on premarketing.
Cheesecake Factory — The restaurant chain fell more than 3% after being downgraded from buy to neutral by Citi, indicating the stock is nearing its target price. Cheesecake was also downgraded to hold by Gordon Haskett.
Brand Bloomin’ Outback Steakhouse’s parent company dropped nearly 2% after being downgraded to holding by Gordon Haskett, which shows the company’s growing balanced risk/reward profile.
Roku – Roku stock fell 1.8% after Truist downgraded the company to hold from buy, saying the streaming stock is too sensitive to a difficult macro environment since most of its revenue is tied to advertisement.
take a shot — JMP Securities downgraded the company to a better performer than the market, citing reduced time spent on Snap and increased competition from Reels and YouTube shorts. Snap is down 1.4% in the premarket market.
alibaba — Activist investor Ryan Cohen bought a stake in the Chinese e-commerce giant, according to the Wall Street Journal. Cohen is pushing the company to increase its share buyback program, the report said. Shares were 0.5% higher in the previous market.
Reynolds . Consumer Products – Shares fell about 1.3% after Credit Suisse downgraded the home goods maker from better to neutral, saying the share gain has now been incorporated into the share price.
Whirlpool – Shares fell 3% after Whirlpool said it would divests most of its EMEA businessand established a new European-focused business with Turkish home appliance manufacturer Arcelik. Whirlpool will own 25% of the new entity, while Arcelik will own 75%.
— Sam Subin, Sarah Min and Michael Bloom of CNBC contributed reporting.
