Check out the companies that are trending in intraday trading. General Motors — General Motors stock rose 8% after the company beat Wall Street’s sales and bottom line expectations and provided strong guidance for 2024. The company reported adjusted earnings of $1.24 per share on revenue of $42.98 billion for the fourth quarter of 2023. United Parcel Service — The package delivery company fell 7% after UPS reported disappointing fourth-quarter earnings and guidance. Revenue was $24.92 billion, below the $25.43 billion consensus estimate by analysts compiled by LSEG (formerly Refinitiv). UPS announced full-year revenue guidance of $92 billion to $94.5 billion, lower than the $95.57 billion Wall Street expected. Bank of America, Citigroup — Stocks rose after Morgan Stanley upgraded several large banks and said the sector’s future was “bright.” Bank of America shares rose more than 3% after the company’s rating was upgraded from equal weight to overweight. Citigroup shares rose 4% after being upgraded from underweight to overweight. JetBlue Airways — JetBlue’s stock price fell about 6% after the airline reported a loss in the fourth quarter. The company said it will reduce production capacity in 2024 as it aims to return to profitability. Marathon Petroleum — Shares rose nearly 4% to a new 52-week high after the company reported significant improvement in sales and bottom line. Marathon Petroleum posted adjusted earnings per share of $3.98 on revenue of $36.82 billion. Analysts polled by FactSet had expected earnings of $2.21 per share and revenue of $34.9 billion. The company’s operating profit also exceeded analyst forecasts, but decreased compared to the same period last year. Whirlpool — Shares fell 6% on weak full-year outlook. Late Monday, the consumer electronics maker said it expected adjusted earnings to be in the range of $13 to $15 per share on revenue of $16.9 billion. However, analysts surveyed by LSEG expected a per share price of $15.48 and revenue of $17.7 billion. This distracted from its better-than-expected fourth-quarter report. Sanmina — Sanmina stock soared more than 27% after the manufacturing services provider reported better-than-expected first-quarter profits and better-than-expected guidance for the second quarter. Sanmina on Monday reported adjusted earnings per share of $1.30, beating analysts’ expectations of $1.15, according to FactSet. Sales were $1.87 billion, in line with expectations. MSCI — MSCI stock rose 10% after the financial company reported better-than-expected fourth-quarter results. MSCI reported adjusted earnings per share of $3.68 on revenue of $690.1 million. Analysts polled by FactSet had expected earnings of $3.29 per share and revenue of $662.6 million. CORNING — Corning stock rose 6% after the materials science company, which develops specialty glasses and ceramics, posted better-than-expected core earnings in the fourth quarter. Core sales were $3.27 billion, beating the $3.26 billion expected by analysts polled by FactSet. Core earnings per share were 39 cents, in line with expectations. Management also said it expects the first quarter to be the lowest quarter of the year. Nucor — The steelmaker’s stock rose more than 5%. On Monday, the company reported fourth-quarter earnings of $3.16 per share, 29 cents per share above analysts’ expectations, LSEG said. Nucor also said it expected first-quarter profits to rise this year, with the resilience of the U.S. economy and the steel-intensive megatrend driving demand for its products. Super Micro Computers — Super Micro Computers rose nearly 2% after its fiscal second quarter results beat expectations. Late Monday, the information technology company posted adjusted earnings of $5.59 per share on revenue of $3.66 billion. Analysts polled by LSEG expected earnings of $4.93 per share on sales of $3.06 billion. Sysco — Sysco stock soared 6% after the restaurant wholesaler announced better-than-expected fourth-quarter profits. Adjusted earnings were 89 cents per share, beating analysts’ expectations for earnings of 88 cents per share, according to FactSet. However, sales came in at $19.29 billion, below the consensus estimate of $19.32 billion. AO Smith — The water heater maker fell nearly 4%. According to FactSet, AO Smith released its full-year outlook, with the lower end of the forecast lower than analysts expected. The company expects adjusted earnings of $3.90 to $4.15 per share in 2024, while analysts expect it to be $4.05 per share. Revenue estimates for the period ranged from $3.97 billion to $4.05 billion, compared to the Street’s estimate of $3.99 billion. —CNBC’s Alex Harring, Hakyung Kim, Tanaya Macheel, Jesse Pound and Samantha Subin contributed reporting.
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