Stocks making the biggest moves midday: American Express, Intel, Silvergate Capital and more
Publishing timestamp: 2023-01-27 12:24:50
Summary
The article discusses the performance of several public companies, including American Express, Intel, Silvergate Capital, Hasbro, Colgate-Palmolive, KLA, Chevron, Chewy, Moderna, and Visa. American Express saw an 11% jump in its shares after issuing upbeat earnings and revenue guidance, while Intel saw its shares drop nearly 7% after its latest financial results missed analysts' estimates. Silvergate Capital, a crypto-focused bank, suspended dividend payments on its Series preferred stock, while Hasbro warned of weak holiday quarter results and said it would cut 1000 jobs. Colgate-Palmolive reported earnings that beat on top and bottom lines, while KLA gave weaker-than-expected fiscal third-quarter forecast. Chevron reported quarterly earnings of $4.09 per share ex-items, which was short of analysts' estimate, while Chewy rose more than 4% following upgrade by Wedbush. Moderna fell about 2% following Reuters report that European Union is in talks with Pfizer and BioNTech to lower number of Covid-19 vaccine doses it's committed to purchasing this year, and Visa rose by more than 2% after better-than-expected fiscal first quarter. Overall sentiment is mixed.
Sentiment: MIXED
Tickers: KLAC, INTC, SI, CVX, CL, CHTR, V, CHWY, HAS, AXP, MRNA,
Keywords: chewy inc, charter communications inc, chevron corp, breaking news, market insider, breaking news: markets, colgate-palmolive co, intel corp, business news, moderna inc, visa inc, american express co, stock markets, kla corp, hasbro inc, silvergate capital corp,