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wrote a post07/27/2022 00:53

Stocks making the biggest moves midday (2) :

$PARAMOUNT GLOBAL 5.75% PRF CONV 01/04/24(PARAP.US)$ – The media company dipped 3.6% after Goldman Sachs double downgraded Paramount to sell, citing growing macro headwind. The bank slashed its price target on the stock to $20 a share.

$Coca-Cola(KO.US)$ – Coca-Cola gained more than 1% after the beverage company posted quarterly results that beat Wall Street's expectations. The company also updated its full-year organic revenue growth numbers, saying it expects growth to be 12% or 13%, up from a previous guidance of 7% or 8%.

$McDonald's(MCD.US)$ – McDonald's advanced 2.6% after the fast-food chain posted quarterly earnings that topped analysts estimates, even though revenue can in less than expected. Price hikes and value items drove growth in the U.S., according to the company, as inflation weighed on the quarter.

$Roku Inc(ROKU.US)$ – Shares of the streaming video stock sank 9.2% after Wolfe Research downgraded Roku to underperform from peer perform. The firm said in a note to clients that inflation and new advertising-supported subscription tiers from Netflix and Disney could hurt Roku.

$Whirlpool(WHR.US)$ – Shares of the appliance maker traded more than 2% higher after the company reported earnings per share that beat analyst expectations. Whirlpool posted a profit of $5.97 per share, while analysts polled by Refinitiv expected earnings of $5.24 per share.
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