Walmart, Taiwan Semiconductor, Netflix, Carnival and more

Bing Guan | Bloomberg | Getty Images

Check out the companies that made the biggest moves of the day.

Walmart – Shares of retailer Walmart jumped more than 7% after the report quarterly earnings which beat the expectations of Wall Street and raising its forward guidance. The company reported adjusted earnings per share of $1.50 on $152.81 billion in revenue, where analysts expected adjusted earnings per share of $1.32 and $147.75 billion in revenue, per Refinitiv.

Retail stocks – Retail stocks rose after Walmart and Home Depot‘s stronger-than-expected financial report for the third quarter. Home depot rose 1%, while market shares rallied more than 3%. Kohl’s and Bed Bath & Beyond added roughly 3%. Macy’s and Nordstrom advanced about 5% and 3%, respectively.

Taiwan Semiconductor – Shares of the Taiwanese chipmaker rose more than 12% after Warren Buffett’s Berkshire Hathaway. build a new $4 billion stake in the company. Berkshire added more than 60 million American depositary receipt shares of the Taiwanese chipmaker, at the end of the third quarter, making Taiwan Semi the 10th largest conglomerate at the end of September.

Paramount Global – Shares of the media company jumped more than 9% after a filing revealed that Berkshire Hathaway increased his holding to $ 1.7 billion at the end of the third quarter. Paramount is still down more than 30% this year due to cable cuts and declining ad revenue.

Louisiana-Pacific – The lumber maker saw its stock jump more than 10% after Omaha-based Berkshire took a new position in the company last quarter. The conglomerate’s stake was worth $297 million at the end of September.

Bath & Body Works – Bath and Body Works rose 4% after an SEC filing revealed that Dan Loeb’s Third Point bought $265 million in the retailer’s stock in the third quarter.

Netflix – The streaming giant added 3.8% after Bank of America double-enhanced stock if you buy from underperform. He said that the new level of advertising and the crackdown on password sharing can help our stock value increase by 23.6%.

Fulcrum Therapeutics – Shares of the biotech company gained 8.6% after Goldman Sachs initiated coverage of the stock as a buy and said it could see a 61.5% upside if its main experimental drug continues to do well.

Vodafone – Vodafone shares fell 6.8% after the company missed its earnings guidance and cash flow forecast. The mobile operator cited the challenging economic environment.

Getty Images – Getty Images shares fell 12% after revenue for the latest quarter missed Wall Street expectations.

Albemarle – Shares of the lithium miner fell 6%. Rumors that an unnamed Chinese cathode maker is cutting its production targets are putting pressure on U.S. lithium stocks, according to FactSet.

Signature Bank – Crypto bank shares jumped more than 10% after Signature reported minimal exposure to FTX and any damage that could arise from the collapse. Signature says it only has a deposit relationship with the exchange – it does not lend crypto or invest in it on behalf of clients – representing less than 0.1% of its total deposits.

Mobileye Global – Autonomous vehicle system software companies rallied 4% after Baird initiated the coverage of stocks with outperform rating. Analyst Lukas Junk called Mobileye the market leader, writing, “Net, we recommend buying / will lean on volatility anyway, for this Premier franchise / long-term optionality.”

Sunnova Energy – Shares of the solar company rose 7.5% after Deutsche Bank signal initiated of Sunnova Energy, First solar and Enphase Energy with buy ratings. First Solar rose 3.2%, and Enphase Energy rose 2%.

Capital One Finance – Regional bank shares sank 5% after it was downgraded by Bank of America to neutral from buy. Analyst Mihir Bhatia also cut his price target to $113 per share from $124.

carnival – Usual of the cruise operator increases 6% after another report hinted inflation may be slowing. Royal Caribbean Cruises and Norwegian Cruise Line it is also high, rising 4.9% and 2.5% respectively.

Chinese stocks – Chinese companies listed on the US stock market rose after the meeting of President Joe Biden and Chinese President Xi Jinping and despite disappointing retail sales data. Tencent Music Entertainment, who also posted beats on the top and bottom lines, up about 30%. Ali Baba up roughly 12%. Pinduoduo and Baidu both rallied about 10%, and JD.com rose almost 8%.

– CNBC’s Yun Li, Carmen Reinicke, Alex Harring, Samantha Subin and Tanaya Macheel contributed reporting.

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