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Sunrun, US Bancorp, Alphabet, AT&T and more

Sunrun, US Bancorp, Alphabet, AT&T and more
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Shoppers shop at AT&T at King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.

Mark Makela | Getty Images

Check out the companies making the biggest moves at noon:

News Corp, Fox — News Corp was up 5.4%, while Fox News was up more than 2% after Rupert Murdoch Plans for merger canceled the two companies.

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Barclays downgrades Sunrun, citing weaker residential solar demand outlook

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AT&T — The telecom giant gained 5.4% after reporting more mobile subscribers than expected for the fourth quarter.

Boeing— The air carrier fell slightly after that report a loss for the fourth quarter and revenue that missed expectations, citing labor and supply shortages that overshadowed a surge in jet demand.

course of the sun — The solar company fell 8.6% after being downgraded from overweight to equal weight by Barclays, which cited a possible slowdown in solar demand. solar powerdowngraded from equal weight to underweight, down more than 2%.

alphabet — Shares fell 3.3% in midday trade, a day after the Justice Department filed a second antitrust lawsuit against google. Alphabet too 1,800 employees laid off in California on Wednesday as part of larger cuts announced last week.

Enphase Energy — Solar stock fell 5.3% after Piper Sandler Downgraded to Neutral from Buy. The company cited a possible rebalancing of the US residential solar market this year that could hurt shares, although it notes the company’s strong product and management.

U.S. Bancorp — The stock rose 5.7% after US Bancorp reported fourth-quarter earnings excluding items of $1.20, versus $1.12 by StreetAccount. However, revenue fell short of estimates.

Intuitive Surgery — Shares of the robotic surgical systems maker fell 6.6% after the company reported fourth-quarter earnings and sales that fell just short of expectations. The company cited a resurgence of Covid-19 in China, which negatively impacted the volume of cases in the region.

Capital One Finance — The bank gained 7% despite reporting disappointing quarterly results. However, Capital One built $1 billion in credit reserves in the fourth quarter, twice that of its peers, BMO Capital Markets said in a statement. “We applaud COF for doing what its peers have failed to do so far this earnings season: adequate precaution ahead of a credit cycle,” the company said.

Nasdaq — The exchange operator fell more than 6.9% after reporting net sales of $906 million versus $909.5 million expected by StreetAccount. The result also fell just short of expectations.

General dynamics — The aerospace and defense company fell 3% after it reported fourth-quarter earnings that fell short of expectations, even as its revenue beat estimates. General Dynamics also said its guidance for fiscal 2023 earnings per share is between $12.60 and $12.65, versus $13.87 expected by StreetAccount.

block — Block fell 4.2% after Oppenheimer downgraded the stock to performance of surpass. The company said the mobile payments stock would be a frontrunner in a risk environment, but expects shares are yet to bottom. “[Thus] we could see the recent SQ rally dissipate (an increase of a whopping 43% over the past three months),” Oppenheimer said.

Airbnb – Airbnb shares fell 1.6% after analysts Gordon Haskett downgraded the company citing overly aggressive Wall Street estimates.

NextEra Energy — The stock fell 6.1% after the alternative energy company reported fourth-quarter revenue that fell below expectations.

– CNBC’s Sarah Min, Carmen Reinicke, Tanaya Macheel, Alex Harring and Michael Bloom contributed coverage.

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