Today's Morning Movers and Top Ratings: GE, KO, MMM, VZ and More

$GE Aerospace(GE.US)$ stock rose 5.1% after the conglomerate raised its full-year profit forecast on robust demand for jet engine spare parts and services and improved performance in its renewable business.

$3M(MMM.US)$ stock rose 4% after the conglomerate raised its full-year adjusted profit forecast as it looks to benefit from cost-cutting measures and price hikes.

$Verizon(VZ.US)$ stock rose 3.7% after the telecoms giant raised its annual free cash flow forecast as promotions and its high-speed 5G network helped it attract more subscribers than expected in the third quarter.

$General Motors(GM.US)$ stock rose 1.6% after the auto giant reported a rise in third-quarter revenues of 5.4% to $44.1 billion. However, it withdrew its previous guidance for 2023 profits and near-term electric vehicle production as costs related to the United Auto Workers strikes jumped to $200 million a week during October.

$Coca-Cola(KO.US)$ stock rose 2.3% after the soft drinks giant raised its annual sales and profit forecasts, benefiting from consumers snapping up its products at higher prices.

$Coinbase(COIN.US)$ stock rose 8.2%, with the cryptocurrency exchange benefiting from the speculation that a Bitcoin ETF is shortly to be authorized by the U.S. SEC.

$Spotify Technology(SPOT.US)$ stock fell 2.6% even after the streaming giant reported quarterly monthly active users and subscribers ahead of expectations as it grew in all regions, as well as a quarterly profit. The stock is up over 95% year-to-date.

$Barclays(BCS.US)$ ADRs fell 5.6% after the U.K.-based bank signaled another restructuring round in the coming months to mitigate the effects of margin pressure from competition in the savings market and another lackluster performance from its investment bank.