Midday movers: General Motors, McDonald's, Pfizer and more
By Liz Moyer
Investing.com -- Stocks were moving higher as tech stocks led the gains, aiming to close out January on a high note. Here are the midday movers for Jan. 31.
- General Motors Company (NYSE: GM ) shares jumped 8% after the automaker beat expectations on the top and bottom lines in the recent quarter and gave strong guidance. Ford Motor (NYSE: F ) shares are also up 4% after it cut prices for its electric Mustang Mach-E.
- McDonald’s Corporation (NYSE: MCD ) stock fell 2% after the fast food giant beat expectations for same-store sales in the recent quarter but cited short-term inflation pressures remaining.
Pfizer Inc (NYSE: PFE ) shares dipped 0.2% after the pharmaceutical maker said it expects revenue this year from its COVID-19 treatments to fall compared with last year as demand wanes.
- Advanced Micro Devices Inc (NASDAQ: AMD ) stock rose 2.7% ahead of its earnings report later today. Analysts expect revenue of $5.51 billion on adjusted profit of 67 cents.
Spotify Technology SA (NYSE: SPOT ) shares jumped 12% after the streaming media platform said revenue in the recent quarter rose 18% from the same time a year ago. Monthly active users rose 20%, while premium subscribers grew 14%.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or