Check out the companies that are trending in intraday trading. Victoria’s Secret — The stock has fallen after Goldman Sachs began reporting on the stock with a sell rating, saying it expects a “challenging macro environment and continued competitive pressures” for the lingerie company in the near term. It fell 3.5%. Longer term, the company is positive about its loyalty efforts and renewed focus on products. Metaplatform — Facebook’s parent company plummeted more than 11%. Meta reported a weaker-than-expected second-quarter earnings outlook on Wednesday, with CEO Mark Zuckerberg talking about spending in areas that aren’t currently profitable, such as AI and mixed reality. . However, Meta’s first quarter profit and sales both exceeded analysts’ expectations. TECH STOCK — Shares of major tech giants fell on Thursday as Meta Inc.’s lackluster earnings outlook led to a sector-wide decline. Shares of Microsoft and Alphabet fell about 3% and 2%, respectively, ahead of their results to be released after the bell. Amazon’s stock price fell 2%. Monster Beverage — JPMorgan downgraded Monster Beverage from Overweight to Neutral, citing “cost pressures,” sending the stock down about 3%. Honeywell — The company’s stock fell 1.5% after the company updated its full-year outlook. Honeywell’s adjusted earnings per share were $2.25, beating analysts’ estimates of $2.17 per LSEG. Revenue for the quarter also exceeded expectations at $9.11 billion, compared to analysts’ expectations of $9.03 billion. Merck & Co — The pharmaceutical giant posted a 2% gain following better-than-expected first-quarter results. Merck had adjusted earnings of $2.07 per share on revenue of $15.78 billion. Analyst estimates compiled by LSEG were for just $1.88 per share and $15.2 billion, respectively. Deckers Outdoor — Bank of America downgraded the lifestyle shoemaker to neutral from buy, saying it believes the risk/reward is better in other parts of the company’s coverage. The stock price fell 5%. Southwest Airlines — Shares fell more than 7% as the airline missed out on both revenue and profits. The company reported an adjusted loss of 36 cents per share, more than expected loss of 34 cents, according to LSEG. Revenue also came in at $6.33 billion, below the consensus estimate of $6.42 billion. Management warned that Boeing aircraft delays would weigh on growth through 2025 and lowered its growth outlook accordingly. ServiceNow — The digital workflow company fell 5% after first-quarter revenue beat analysts’ expectations by a narrow margin. ServiceNow’s revenue was $2.6 billion, slightly above the $2.59 billion expected by analysts polled by LSEG. Adjusted profit also exceeded expectations. Chipotle Mexican Grill — Chipotle Mexican Grill shares rose after the fast-casual burrito chain beat Wall Street’s first-quarter estimates, with same-store sales increasing his 7% and beating StreetAccount’s 5.2% estimate. His rose 5%. International Business Machines — According to LSEG, IBM’s earnings fell short of consensus estimates but ultimately beat them, sending the tech hardware company’s stock down nearly 10%. IBM also agreed to acquire HashiCorp for an enterprise value of $6.4 billion, sending HashiCorp shares up 4.7%. Bank of America reiterated its buy rating on the stock following the results. Caterpillar — LSEG said its stock fell 6.5% as its $15.8 billion in revenue for the most recent quarter fell short of analysts’ expectations of $16.04 billion. The construction machinery manufacturer’s report also revealed that the sales outlook for the second quarter is weak. Nvidia — The semiconductor giant’s stock rose about 3% on Thursday, even as the broader market fell. Nvidia has yet to fully recover from its 10% drop on April 19th, with prices still below pre-fall levels. Evercore ISI reiterated that Nvidia is outperforming and said investors should take advantage of the stock’s weakness to buy on the upside. Comcast — Media stocks fell more than 6% as quarterly broadband subscriber declines overshadowed sales and bottom line beats. Comcast announced it lost 65,000 broadband customers during this period. Deutsche Bank — Deutsche Bank’s U.S.-listed shares soared nearly 8% to a 52-week high. The German lender reported better-than-expected first-quarter sales and profits as the investment banking sector continues to recover. —CNBC’s Alex Harring, Brian Evans, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh and Michelle Fox contributed reporting. Disclosure: Comcast is the parent company of NBCUniversal and CNBC.
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