Check out the companies that are trending in intraday trading. Ulta Beauty — Ulta Beauty stock fell 3% after Jefferies downgraded the beauty retailer from a buy rating to a hold rating, citing increased competition. Netflix — Shares fell more than 7% after the streaming giant announced it would stop reporting subscriber growth in quarterly profits starting next year. Stock prices have suffered their worst day since July. Shopify — Shares rise 1.8% after Morgan Stanley upgraded the Canada-based e-commerce company to overweight, citing confidence in the company’s growth potential, particularly its international traction and rising operating leverage. did. SLB — Energy stocks fell nearly 2% he even though the first quarter report was mostly in line with expectations. According to LSEG, SLB reported revenue of $8.71 billion, slightly above analysts’ expectations of $8.69 billion. Adjusted earnings were 75 cents per share, in line with expectations. However, SLB reported a year-over-year decline in revenue in North America. American Express — Shares soared 4.5% after the financial services company reported first-quarter diluted earnings of $3.33 per share, beating the $2.95 expected by analysts surveyed by FactSet. Revenue came in at $15.8 billion, compared to the consensus estimate of $15.79 billion. According to American Express, consumer spending in the United States increased by 8% from the previous year. Super Micro Computers — the server and data storage company fell more than 17%. Super Micro Computer announced on the same day that its third-quarter financial results would be released on April 30, but did not provide any guidance ahead of the report. Ibotta — After Ibotta’s initial public offering, the technology company’s stock price fell nearly 6% in one day. The stock price remains about 11% above its initial public offering price. Paramount — Shares rose more than 8% after reports in the New York Times and Bloomberg that Sony Pictures Entertainment and Apollo Global Management are in talks to jointly acquire the media company. PPG Industries — Materials stocks fell nearly 3% after the company missed Wall Street’s earnings estimates in the first quarter due to lower volumes. Intuitive Surgical — Even though the company beat sales and bottom line profits in the first quarter, its stock price fell nearly 2%. The company also said it expects full-year procedural growth to be between 14% and 17%, compared with previous expectations of 13% to 16%. — CNBC’s Samantha Subin, Michelle Fox, Pia Singh and Jesse Pound contributed reporting.
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