The Netflix logo appears on the TV remote control, in this illustration taken January 20, 2022.
Dado Rovich | Reuters
Check out which companies are making the headlines in midday trading.
catal Inc – Shares of drugmaker Catalent fell 8% after earnings that disappointed Wall Street. While Catalint beat earnings expectations, its revenue and full-year outlook were below estimates.
daw – The chemical product decreased by 2% after that KeyBanc reduced the weight of the sector weight. The bank said in a note that the economic slowdown, especially in Europe, could hurt demand for Dow and reduce the company’s profit margins.
Honda Motor – shares Honda rose 1.3 percent after uniting its forces With LG Energy Solution to build a new battery production plant for electric cars in the United States, the companies, which plan to invest $4.4 billion, aim to begin mass production of advanced lithium-ion battery cells by the end of 2025.
Bindudu Pinduoduo stock is up 18% after beating estimates in the last quarter of last year. The China-based e-commerce giant said a recovery in consumer confidence helped deliver results.
Netflix Shares of the broadcasting giant rose 1.1%. After Bloomberg reports that its advertising level can be expensive Between $7 and $9 per month.
Bristol-Myers Squibb Shares of Bristol-Myers Squibb Inc plunged 5.3% after reporting results from a mid-stage trial developing a stroke treatment that failed to meet the study’s main objective.
Energy stocks – Energy stocks jumped along with higher oil prices on news of a possible OPEC+ supply cut. Shares of Diamondback Energy, Marathon Oil, Occidental and Exxon Mobil rose 3.3% to 4.3%.
Etsy Etsy added 1.2% after news that it will require US sellers on its platform to verify their bank accounts or provide a username and password to fintech platform Plaid.
– CNBC’s Jesse Pound, Michelle Fox and Carmen Reinke contributed reporting
“Reader. Infuriatingly humble coffee enthusiast. Future teen idol. Tv nerd. Explorer. Organizer. Twitter aficionado. Evil music fanatic.”