Stock Groups

Microsoft, Mattel, F5, DraftKings, Clorox and more

[ad_1]

Target sells Barbie dolls.

Scott Mlyn | CNBC

Take a look at the top midday traders.

Corning — Shares of the tech and specialty glass company rallied more than 12% in midday trading after beating on the top and bottom lines of its quarterly results. Corning made 53 cents per share for revenue of $3.71 trillion. According to Refinitiv, Wall Street was expecting earnings of 52c per share for revenue of $3.59 trillion.

DraftKings — The sports-betting stock jumped more than 17% following an upgrade to overweightFrom Morgan Stanley, equal weight DraftKings, according to Morgan Stanley, was expected to be a long-term winner in the online competitive gambling market.

F5 — Shares of the cloud security company slid more than 10% following current quarter guidance issued by F5 that fell below analysts’ expectations. Citing supply chain problems, the company also revised its full-year outlook.

Mattel — The toy stock surged 9% after Mattel announced that it had won back the licenseTo make toys that were inspired by the Walt Disney Princess line-up. In 2016, Hasbro lost its license.

Microsoft — Shares of Microsoft climbed 5.3% after the company gave an upbeat forecastFor the current quarter, continued growth of cloud services revenues is expected. The company also reported a quarter-end profit of $2.48 per shares, which beat analysts’ expectations by 17cents. It also posted revenue that exceeded forecasts.

Automatic Data Processing — Shares of ADP dropped more than 5% in midday trading despite the payroll firm reporting better-than-expected fiscal second-quarter earnings. According to Refinitiv the company made $1.65 per shares, exceeding estimates of $1.63. ADP beat Wall Street’s revenue estimates.

Kimberly-Clark Corporation — The consumer products maker’s shares fell about 3.5% after issuing weaker-than-expected guidance on earnings and revenue. The fourth-quarter revenue and earnings per share were higher than expected, but the company still beat all expectations.

Boeing — The aerospace company’s shares about 3% after it reported a much wider-than-expected fourth-quarter loss and missed on revenue. After production problems delayed the delivery of 787 Dreamliners for 15 months, it also announced that it had taken a $3.5 Billion pretax cost on the Dreamliners.

Moderna — Moderna shares jumped 7.4% after Deutsche Bank upgraded the stock to holdSelling based mainly on value. Deutsche pointed out that shares were now being valued “now at both our prior target price and the discounted cash flow, and at a lower c$65bn value.”

Rollins — Rollins’ shares fell more than 4% after the company reported quarterly earnings or 13 cents per share. FactSet reported that this result was slightly below analysts’ estimates of 15 cents per shares. A revenue increase was also reported by the pest control company for this quarter.

Clorox — Shares of the cleaning products company fell 4.7% after Credit Suisse downgraded the stockThe firm noted that sales growth in the pandemic-era may slow down and could be underperformed. Clorox warned that Clorox may have trouble navigating inflation in the supply chain if growth slows.

 — CNBC’s Maggie Fitzgerald and Jesse Pound contributed reporting

[ad_2]