{"id":1267,"date":"2023-10-15T02:44:13","date_gmt":"2023-10-15T02:44:13","guid":{"rendered":"https:\/\/connectwithfund.com\/news\/stocks-making-the-biggest-moves-midday-walgreens-birkenstock-ford-spotify-and-more\/"},"modified":"2023-10-15T02:44:14","modified_gmt":"2023-10-15T02:44:14","slug":"stocks-making-the-biggest-moves-midday-walgreens-birkenstock-ford-spotify-and-more","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=1267","title":{"rendered":"Stocks making the biggest moves midday: Walgreens, Birkenstock, Ford, Spotify and more"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-6-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Check out the companies making headlines in midday trading. Walgreens Boots Alliance \u2014 Walgreens Boots Alliance popped 7% in midday trading after sharing that it has made progress in its cost-cutting program. The retail pharmacy giant on Thursday missed fiscal fourth-quarter earnings estimates , reporting an adjusted 67 cents per share, while analysts polled by LSEG, formerly known as Refinitiv, forecast 69 cents per share. Spotify Technology \u2014 The streaming stock gained nearly 1% after Morgan Stanley named Spotify a new top pick, saying it&#8217;s positioned for the long term and can claim greater market share amid rising engagement levels. MongoDB \u2014 The stock dipped 0.2% after Bank of America initiated coverage of the software company at a buy rating , citing its solid footing to capture market share from competitors such as Amazon and Microsoft. ResMed \u2014 ResMed shares dropped 5.5% after RBC downgraded the medical device company to sector perform from outperform, saying it expects slowing earnings growth. Birkenstock \u2014 Birkenstock shares extended their slide Thursday with a 6.6% drop. The German shoe brand fell more than 12% in its stock market debut Wednesday. First Solar \u2014 The solar stock slipped 1.4%. The drop in shares came even after Barclays upgraded First Solar to an overweight rating . The Wall Street firm said the company&#8217;s current valuation offers an attractive entry point for investors and shares trade at a discount to competitors. Ford Motor \u2014 Shares of the automaker slipped 2%. The action comes a day after the United Auto Workers union launched a strike against Ford&#8217;s Kentucky truck plant, signifying an escalation in its dispute with the automaker. The plant is Ford&#8217;s largest measured by both workforce and revenue. Fastenal \u2014 The industrial supplies company jumped 7.5% after beating expectations for third-quarter earnings. Fastenal posted third-quarter earnings of 52 cents per share, while analysts polled by FactSet anticipated 50 cents per share. Revenue was in line with expectations at $1.85 billion. Hormel Foods \u2014 Shares dropped 9.8% in midday trading. The United Food and Commercial Workers International Union on Thursday said it ratified a &#8220;historic&#8221; contract with Hormel Foods that includes hourly wage increases of $3 to $6 an hour. The UFCW represents 1.3 million workers in grocery, meatpacking and other industries. Separately, Hormel Foods also held its investor day on Thursday. \u2014 CNBC&#8217;s Brian Evans, Lisa Kailai Han, Hakyung Kim, Samantha Subin and Darla Mercado contributed reporting.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.cnbc.com\/2023\/10\/12\/stocks-making-the-biggest-moves-midday-wba-birk-f-spot.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines in midday trading. Walgreens Boots Alliance \u2014 Walgreens Boots Alliance popped 7% in midday trading after sharing that it has made progress in its cost-cutting program. The retail pharmacy giant on Thursday missed fiscal fourth-quarter earnings estimates , reporting an adjusted 67 cents per share, while analysts polled by LSEG, formerly known as Refinitiv, forecast 69 cents per share. Spotify Technology \u2014 The streaming stock gained nearly 1% after Morgan Stanley named Spotify a new top pick, saying it&#8217;s positioned for the long term and can claim greater market share amid rising engagement levels.<\/p>\n","protected":false},"author":1,"featured_media":1268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-1267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stocks making the biggest moves midday: Walgreens, Birkenstock, Ford, Spotify and more | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"Check out the companies making headlines in midday trading. 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