{"id":1900,"date":"2023-10-18T17:30:15","date_gmt":"2023-10-18T17:30:15","guid":{"rendered":"https:\/\/connectwithfund.com\/news\/stocks-making-the-biggest-moves-midday-united-airlines-nvidia-morgan-stanley-and-more\/"},"modified":"2023-10-18T17:30:16","modified_gmt":"2023-10-18T17:30:16","slug":"stocks-making-the-biggest-moves-midday-united-airlines-nvidia-morgan-stanley-and-more","status":"publish","type":"post","link":"https:\/\/connectwithfund.com\/?p=1900","title":{"rendered":"Stocks making the biggest moves midday: United Airlines, Nvidia, Morgan Stanley 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. United Airlines \u2014 The airline stock dropped more than 8%. On Tuesday, the company warned that pricier jet fuel and a halt to the carrier&#8217;s Tel Aviv flights during the Israel-Hamas war will eat into its profits in the last three months of the year. United Airlines and other U.S. and international carriers halted their flights to Israel earlier this month. Nvidia \u2014 The chipmaker slumped more than 3% a day after the U.S. announced plans to tighten restrictions on artificial intelligence chips sold to China. Citi also trimmed its price target on the stock, citing heightened risks from the export curbs. Advanced Micro Devices and Marvell Technology lost 1.9% and 2.9%, respectively. Morgan Stanley \u2014 The bank stock slid more than 7% after the firm&#8217;s wealth management division posted disappointing results . The division generated $6.4 billion in revenue, below the estimate by more than $200 million, as compensation costs rose and net interest income fell. Morgan Stanley did top profit estimates for the quarter on better-than-expected trading revenue. J.B. Hunt Transport Services \u2014 The transportation stock shed 6%. Late Tuesday, the company posted third-quarter results that fell short of Wall Street&#8217;s expectations on the top and bottom lines. J.B. Hunt reported earnings of $1.80 per share on $3.16 billion in revenue. Analysts polled by LSEG, formerly known as Refinitiv, had anticipated EPS of $1.84 on $3.19 billion in revenue. Interactive Brokers \u2014 Shares of Interactive Brokers slumped roughly 5% even after the electronic broker posted better-than-expected quarterly results. The company posted third-quarter adjusted earnings of $1.55 per share on adjusted revenue of $1.14 billion. That topped the earnings of $1.51 per share and $1.11 billion in revenue expected by analysts polled by LSEG. Procter &amp; Gamble \u2014 Procter &amp; Gamble shares rose about 2% after the maker of household goods reported quarterly earnings that topped analysts&#8217; expectations on the top and bottom lines despite slowing volumes. The company reported earnings of $1.83 per share on $21.87 billion in revenue. Analysts polled by LSEG called for earnings of $1.72 per share and revenue of $21.58 billion. Abbott Laboratories \u2014 Shares rose nearly 3% after the medical devices company gave a strong third-quarter report. Abbott posted earnings of $1.14 per share, excluding items, beating analysts&#8217; estimates by 4 cents a share, according to FactSet. The company brought in $10.14 billion in revenue versus expectations of $9.82 billion. It also raised the lower end of its full-year earnings guidance. Citizens Financial Group \u2014 Shares dropped nearly 6% Wednesday after the regional bank&#8217;s third-quarter results fell below analysts&#8217; estimates. Citizens Financial posted 89 cents in underlying earnings per share on $2.01 billion in revenue.\u00a0Meanwhile, analysts had forecast 91 cents in earnings per share on $2.04 billion in revenue, according to LSEG. State Street \u2014 Shares rose 2% after State Street reported third-quarter earnings that beat expectations. State Street posted adjusted earnings of $1.93 per share, more than the $1.79 per share anticipated by analysts polled by FactSet. It posted revenue of $2.69 billion, which was not immediately comparable to consensus estimates. Net interest income of $624 million was greater than the expected $594.7 million. Winnebago Industries \u2014 Shares dipped more than 2% after Winnebago Industries posted fiscal fourth-quarter revenue that fell short of expectations. It posted revenue of $771.0 million, lower than the consensus estimate of $784.3 million, according to FactSet. CEO Michael Happe said he expects ongoing pressure from retail challenges into fiscal 2024, although inventory levels should stabilize in the back half of the fiscal year. U.S. Bancorp \u2014 The bank stock dipped more than 3% even after posting third-quarter results that slightly beat Wall Street&#8217;s expectations. U.S. Bancorp reported $7.03 billion in revenue, slightly ahead of the $7.02 billion expected by analysts polled by LSEG. Adjusted earnings per share were $1.05, versus estimates of $1.02 per share. Albemarle \u2014 Albemarle shares sank 9.5%. Bank of America downgraded the lithium producer to an underperform rating, citing a challenged outlook for the lithium market and concerns of weaker market prices into 2025. \u2014 CNBC&#8217;s Yun Li, Sarah Min, Tanaya Macheel, Hakyung Kim and Pia Singh 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\/18\/stocks-making-the-biggest-moves-midday-ual-nvda-ms.html\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Check out the companies making headlines in midday trading. United Airlines \u2014 The airline stock dropped more than 8%. On Tuesday, the company warned that pricier jet fuel and a halt to the carrier&#8217;s Tel Aviv flights during the Israel-Hamas war will eat into its profits in the last three months of the year. United Airlines and other U.S. and international carriers halted their flights to Israel earlier this month. Nvidia \u2014 The chipmaker slumped more than 3% a day after the U.S. announced plans to tighten restrictions on artificial intelligence chips sold to China. Citi also trimmed its price<\/p>\n","protected":false},"author":1,"featured_media":1901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":["post-1900","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: United Airlines, Nvidia, Morgan Stanley and more | ConnectWithFund<\/title>\n<meta name=\"description\" content=\"Check out the companies making headlines in midday trading. 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