Stocks making the biggest moves midday: Chipotle, Netflix, Verizon and more

Customers wait originate air of a Chipotle restaurant as they wait to enter in repeat to remark an repeat as Florida continues with its Segment 1 of reopening the remark all the map by the Coronavirus (COVID-19) pandemic on Could possibly also 19, 2020, in Aventura, FL.

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Strive the firms making headlines in noon trading.

Chipotle Mexican Grill — Shares of the short-meals chain surged 11% after beating on the top and bottom traces of its quarterly results. Chipotle reported earnings of $7.46 on earnings of $1.89 billion. Analysts anticipated earnings of $6.52 on earnings of $1.88 billion, primarily primarily based on Refinitiv. Earnings surpassed pre-pandemic ranges as dine-in customers returned to its restaurants.

Netflix — The streaming platform’s fragment tag slipped more than 3% after Netflix reported disappointing earnings and third-quarter subscriber steering. Netflix earned $2.97 per fragment, beneath estimates of $3.16 per fragment, primarily primarily based on Refinitiv. The corporate acknowledged it expects 3.5 million accumulate subscribers within the third quarter, nearly 2 million beneath analysts’ estimates.

Verizon Communications — Shares of Verizon obtained 1.3% after the company reported better-than-anticipated 2d-quarter earnings. The telecommunications company earned an adjusted $1.37 per fragment on revenues of $33.76 billion within the 2d quarter. Analysts own been looking forward to $1.30 adjusted earnings per fragment on revenues of $32.74 billion, primarily primarily based on Refinitiv.

Coca-Cola — Shares of the beverage maker rose about 1.3% in noon trading after the company reported 2d-quarter earnings of 68 cents per fragment, beating forecasts by 12 cents per fragment, primarily primarily based on Refinitiv. Its earnings topped pre-pandemic ranges, and Coca-Cola moreover raised its plump-year forecast.

United Airways — The airline stock climbed 3.9% after the carrier reported bigger-than-anticipated 2d-quarter earnings, on account of a resurgence in air jog. United’s earnings beat forecasts by quadrupling in contrast with a year earlier amid a surge in bookings. The airline expects the kind to continue irrespective of the short-spreading delta variant. United reported a loss of $3.91, per expectations per Refinitiv.

Harley-Davidson — Harley-Davidson shares sunk more than 7% after combined 2d-quarter earnings results. The motorcycle maker’s quarterly earnings of $1.33 per fragment came in 16 cents above Wall Motorway estimates, primarily primarily based on Refinitiv. Nonetheless, the company’s 2d-quarter earnings fell short of analysts’ projections.

Sunnova and Sunrun — Shares of Sunnova and Sunrun added 4% and 5.2%, respectively, after JPMorgan named the two solar firms as high picks. “We highlight Overweight-rated Sunnova (NOVA) and Sunrun (RUN) as high picks for 2H21 owing to elevated inventory ranges, which have to discipline both firms slightly better to meet anticipated demand advance-term,” the bank acknowledged in a camouflage.

Halliburton — The energy stock jumped more than 5% on Wednesday after Goldman Sachs upgraded Halliburton to take from unbiased. Goldman moreover acknowledged that it anticipated Halliburton to hike its dividend as early as next year.

RealReal — Shares of the on-line consignment retailer rose more than 5% after Financial institution of The US upgraded the stock to take from unbiased. The agency acknowledged in a camouflage that RealReal used to be hit more difficult by the pandemic than other e-commerce stocks and might now be in line for a selection in its valuation loads of.

— CNBC’s Maggie Fitzgerald, Jesse Pound, Tanaya Macheel and Yun Li contributed reporting

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