Today's Morning Movers and Top Ratings: GOOGL, AMD, TSLA, SBUX and More

$Starbucks(SBUX.US)$ stock rose 3.7% after the coffee chain cut its annual sales forecast, warning of softer demand in January and a slow recovery in China. However, even more weakness had been expected following disappointing store traffic in November and December.

$Novo-Nordisk A/S(NVO.US)$ stock rose 0.5% after the Danish drugmaker forecast another year of double-digit growth due to the popularity of its weight-loss drug Wegovy.

$Boeing(BA.US)$ stock rose 0.3% after the embattled aircraft manufacturer postponed a 2024 outlook, with CEO Dave Calhoun saying the company faces a "serious challenge."

$The Cigna Group(CI.US)$ stock rose 0.4% after the WSJ reported that the health insurer has agreed to sell its Medicare business to Health Care Service Corp for $3.3 billion in cash.

$Alphabet-A(GOOGL.US)$ stock slumped 5.5% after the Google-parent reported holiday-season advertising sales below expectations and projected higher spending this year on artificial intelligence.

$Microsoft(MSFT.US)$ stock fell 0.7% after the software giant forecast rising costs to develop new artificial-intelligence features, eclipsing a quarterly results beat.

$Tesla(TSLA.US)$ stock fell 2.8% after a U.S. judge voided CEO Elon Musk's record-breaking $56 billion pay package.

$Advanced Micro Devices(AMD.US)$ stock fell 4.8% after the chipmaker's first-quarter revenue forecast and a boosted projection for AI processors failed to meet expectations.

$Mondelez International(MDLZ.US)$ stock fell 4.4% after the Carbiry parent posted a rise in fourth-quarter sales on Tuesday, but price hikes took a toll on volumes as it squeezed demand.

$Thermo Fisher Scientific(TMO.US)$ stock fell 2% after the medical equipment maker forecast annual profit and revenue below expectations, signaling a slump in demand for its services.