Today's Morning Movers and Top Ratings: INTC, WDC, V, KLAC and More

$American Express(AXP.US)$ stock rose 2.7% after the credit card giant beat full-year profit expectations, even as it raised its loan loss provisions, bracing for a jump in potential loan defaults.

$Tesla(TSLA.US)$ stock rose 0.8%, bouncing after the previous session’s sharp drop, yet the electric vehicle maker is recalling nearly 200,000 Model S, X, and Y vehicles in the U.S. due to a software malfunction that could obstruct drivers' visibility while reversing.

$Colgate-Palmolive(CL.US)$ stock rose 0.7% after the consumer goods company’s fourth-quarter profit beat expectations. “"We leveraged our strong margin performance to invest behind building our brands,” said CEO Noel Wallace.

$KLA Corp(KLAC.US)$ stock fell 3.4% after the chipmaking tools maker posted light revenue and earning per share guidance for its fiscal third quarter.

$Western Digital(WDC.US)$ stock fell 3.7% after the data-storage products maker posted a wider-than-expected quarterly adjusted loss, due to the impact of structural changes the company implemented in its flash and HDD businesses.

$T-Mobile US(TMUS.US)$ stock fell 2.4% after the wireless carrier missed its profit target for the fourth quarter, even as it forecast monthly bill-paying phone subscriber growth for the year above estimates, banking on its wide 5G coverage and promotional offers to draw in consumers.

$Intel(INTC.US)$ stock fell 10% after the chipmaker offered up a bleak first-quarter revenue outlook as it struggles to navigate uncertain demand in traditional computing markets and attempts to play catch up in the AI race. Intel said it expects to post revenue in its current three month period of $12.2 billion to $13.2 billion, a range that was well below Wall Street projections of $14.5 billion.

$Visa(V.US)$ stock fell 2.5% after the credit card giant provided a tepid forecast for current-quarter revenue growth, eclipsing a market-beating earnings report.