Check out the companies making headlines in midday trading.
Netflix — The streaming giant soared nearly 12% to an all-time high on the heels of better-than-expected results in the fourth quarter. Netflix reported earnings per share of $4.27 on revenue of $10.25 billion. Analysts polled by LSEG forecast $4.20 per share and $10.11 billion in revenue. The company also announced plans to raise prices for both its advertising supported and premium subscriptions.
Johnson & Johnson — Shares fell more than 2% after the pharmaceutical maker’s sales forecast for this year was lower than analyst estimates. J&J edged past fourth-quarter estimates, however.
Trump Media and Technology Group — The Truth Social parent pulled back more than 4%, continuing a post-inauguration sell-off from Tuesday.
Procter & Gamble — The Ivory soap and Crest toothpaste maker rose 3% after fiscal second-quarter results surpassed Wall Street estimates. Cincinnati-based P&G reported earnings per share of $1.88 on $21.88 billion in revenue. Analysts polled by LSEG were looking for $1.86 per share and revenue of $21.54 billion.
3M — Shares traded marginally higher following an upgrade to overweight from equal weight at Wells Fargo, with analyst Joseph O’Dea citing potentially higher profit margins and a recovery in the industrials sector as positive catalysts.
Oracle — Shares jumped more than 10% after President Donald Trump on Tuesday announced a joint venture including OpenAI, Oracle and Softbank to invest as much as $500 billion in U.S. artificial intelligence infrastructure for a project entitled “Stargate.” Shares of AI chipmaker Nvidia gained more than 4%.
GE Vernova — The power turbine maker added 2.2% and hit an all-time high on earnings of $1.73 per share in the fourth quarter and after reiterating its 2025 outlook. Revenue of $10.56 billion fell short of the $10.79 billion LSEG consensus estimate.
Seagate Technology — The data storage stock jumped about 10% after beating estimates on the top and bottom line in its fiscal second quarter. Seagate earned $2.03 per share on revenue of $2.33 billion. Analysts polled by LSEG were looking for $1.88 per share on revenue of $2.32 billion.
Ford —Shares of the F-150 maker dropped more than 3% after Barclays downgraded Ford to equal weight from overweight. The investment bank cited volume headwinds and cost improvement uncertainty.
Travelers — Shares in the insurance company were higher by about 4% thanks to strong fourth-quarter results. Travelers reported earnings of $9.15 per share, while analysts surveyed by LSEG were looking for $6.64 per share. Revenue of $12.01 billion also surpassed the forecast of $10.84 billion.
Textron — The aviation defense stock slipped 4%. Textron’s fourth-quarter revenue of $3.61 billion missed the forecast $3.81 billion from analysts surveyed by LSEG.
Source: https://www.cnbc.com/2025/01/22/stocks-making-the-biggest-moves-midday-nflx-jnj-orcl-f-and-more.html