Get a rundown of today's top performers and underperformers on Wall Street, including Netflix's record-breaking rally, Ford's decline, and the impact of AI investment on Oracle's share price.
Netflix experienced a surge of nearly 12%, reaching an all-time high, following the release of better-than-expected fourth-quarter results. The streaming giant reported earnings per share of $4.27 on revenue of $10.25 billion, surpassing analyst forecasts of $4.20 per share and $10.11 billion in revenue. Furthermore, Netflix announced plans to increase prices for both its advertising-supported and premium subscriptions.
Meanwhile, Johnson & Johnson's shares declined by more than 2% as the pharmaceutical company's sales forecast for the current year fell short of analyst expectations. However, J&J managed to exceed fourth-quarter estimates. Trump Media and Technology Group, the parent company of Truth Social, saw its shares drop by over 4%, continuing a post-inauguration sell-off that began on Tuesday.Procter & Gamble, known for brands like Ivory soap and Crest toothpaste, rose 3% after its fiscal second-quarter results surpassed Wall Street projections. The Cincinnati-based company reported earnings per share of $1.88 on revenue of $21.88 billion, exceeding analyst estimates of $1.86 per share and $21.54 billion in revenue. 3M's shares traded marginally higher following an upgrade to overweight from equal weight at Wells Fargo. Analyst Joseph O'Dea cited potentially higher profit margins and a recovery in the industrials sector as positive catalysts. Oracle's shares jumped over 10% following President Donald Trump's announcement on Tuesday of a joint venture involving OpenAI, Oracle, and Softbank to invest up to $500 billion in U.S. artificial intelligence infrastructure for a project called 'Stargate.' Shares of AI chipmaker Nvidia also gained over 4%. GE Vernova, a power turbine manufacturer, added 2.2% and reached an all-time high on fourth-quarter earnings of $1.73 per share, and after reaffirming its 2025 outlook. While revenue of $10.56 billion fell short of the $10.79 billion LSEG consensus estimate, the company's strong performance boosted its stock. Seagate Technology, a data storage company, saw its shares surge about 10% after exceeding top- and bottom-line estimates in its fiscal second quarter. Seagate earned $2.03 per share on revenue of $2.33 billion, surpassing analyst forecasts of $1.88 per share and $2.32 billion in revenue.Ford's shares dropped by more than 3% after Barclays downgraded the F-150 maker to equal weight from overweight, citing volume headwinds and cost improvement uncertainty. Travelers, an insurance company, experienced a 4% increase in its shares due to strong fourth-quarter results. The company reported earnings of $9.15 per share, significantly exceeding analyst expectations of $6.64 per share. Revenue of $12.01 billion also surpassed the forecast of $10.84 billion. Lastly, Textron, an aviation defense company, saw its shares slip by 4%. Textron's fourth-quarter revenue of $3.61 billion fell short of the $3.81 billion forecast from analysts surveyed by LSEG.
NETFLIX JOHNSON & JOHNSON TRUMP MEDIA PROCTER & GAMBLE 3M ORACLE GE VERNOVA SEAGATE TECHNOLOGY FORD TRAVELERS TEXTRON WALL STREET AI INVESTMENTS EARNINGS SHARE PRICE
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