Take a look at the companies making headlines in midday trading. Netflix — Shares of the streamer rose 1% after Seaport upgraded its shares to Neutral Buy. The call comes ahead of the company’s earnings report next week. UnitedHealth Group — UnitedHealth Group shares fell more than 4% after fourth-quarter revenue fell short of analysts’ expectations. Revenue was $100.81 billion, missing consensus estimates of $101.76 billion, according to LSEG. UnitedHealth did beat earnings estimates, however, with adjusted earnings of $6.81 per share, compared with analysts’ expectations of $6.72 per share. DigitalOcean Holdings – Morgan Stanley raised the software company’s weight from “equal weight” to “overweight,” sending shares up about 3%. The company said DigitalOcean’s stock did not reflect its ability to serve large customers and had “little trust” in artificial intelligence and machine learning opportunities. Morgan Stanley – Shares of Morgan Stanley rose nearly 3% after the bank’s fourth-quarter results beat Wall Street expectations. The company’s investment banking business grew 29% for the quarter, with earnings per share of $2.22 and revenue of $16.22 billion. Analysts polled by London Stock Exchange Group (LSEG) forecast earnings of $1.70 per share on revenue of $15.03 billion. First Solar — Shares of First Solar rose nearly 4% after Seaport said it was one of the “few mature blue-chip stocks” in the sector with “the best policy-specific risk-reward profile.” The firm upgraded the stock to buy from neutral. Target — The retailer raised its fourth-quarter comparable sales guidance but stopped short of raising its profit outlook, sending its shares down nearly 2%. This could mean shoppers are motivated by the offer. Target expects fourth-quarter comparable sales to grow 1.5% and quarterly earnings to be between $1.85 and $2.45 per share. Sezzle — Shares of Sezzle rose 8% after the company updated its guidance and said it expects full-year revenue to exceed its previous forecast of 55% growth. Southwest Airlines — Shares of the airline fell nearly 4% after Citi downgraded the airline to sell from neutral. Analyst Stephen Trent said he believes “Southwest’s valuation will adjust to more normalized levels” over time due to concerns about earnings quality. Blue Owl Capital – Shares of the alternative asset manager rose 3.5% after TD Cowen upgraded Blue Owl to Buy ahead of its February investor day. Taiwan Semiconductor Manufacturing — Shares rose about 5% after the chipmaker reported higher-than-expected revenue guidance for the quarter. The company now expects revenue in the range of $25 billion to $25.8 billion, while analysts polled by FactSet expected revenue of $24.6 billion. US Bancorp — Shares of the bank fell 5.6%. U.S. Bank’s fourth-quarter results were mixed. Adjusted earnings per share were $1.07, according to LSEG, beating the consensus estimate of $1.05 per share. However, the bank’s net interest margin of 2.71% was below Wall Street forecasts of 2.72%, according to FactSet. —CNBC’s Alex Harring, Lisa Han, Sean Conlon and Michelle Fox contributed reporting.
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