Today's Morning Movers and Top Ratings: META, F, UPS, LUV and More

$IBM Corp(IBM.US)$ stock rose 1.3% after the tech company beat expectations on profit for the third quarter and reaffirmed its outlook.

$Ford Motor(F.US)$ stock rose 2.4% after the auto giant reached a tentative labor deal with the United Auto Workers union to end a strike.

$Merck & Co(MRK.US)$ stock rose 0.6% after the drugmaker reported higher-than-expected third-quarter sales and profit on surprisingly strong demand for its COVID-19 treatment, primarily in Japan.

$Northrop Grumman(NOC.US)$ stock rose 1% after the defense company raised its annual revenue target for the second time this year after reporting a jump in third-quarter revenue and profit helped by strong weapons demand.

$Meta Platforms(META.US)$ stock fell 3.8% after the Facebook-parent exceeded third-quarter expectations, but the management said on the earnings call that brand advertising demand softened at the beginning of the fourth quarter.

$United Parcel Service(UPS.US)$ stock fell 3.4% after the delivery service cut its 2023 revenue forecast due to lower e-commerce delivery demand as it fights to win back customers lost during its difficult labor talks.

$Align Technology(ALGN.US)$ stock slumped 24% after the dental company lowered its full-year revenue forecast.

$Southwest Airlines(LUV.US)$ stock fell 3% after the carrier reported a third-quarter profit that fell about 30% on soaring labor and fuel costs.

$Kenvue(KVUE.US)$ stock fell 1.2% after the Johnson & Johnson (JNJ) spinoff cut its annual profit forecast, as it expects lower demand for its cough, cold and flu medicines.