Take a look at the companies making headlines in midday trading. Netflix – Shares of the streaming giant soared nearly 12% to a record high following better-than-expected fourth-quarter results. Netflix reported earnings of $4.27 per share on revenue of $10.25 billion. Analysts surveyed by London Stock Exchange Group (LSEG) forecast earnings of $4.20 per share on revenue of $10.11 billion. The company also announced plans to increase the prices of its ad-supported and premium subscriptions. Johnson & Johnson — The drugmaker’s sales forecast for this year fell short of analysts’ expectations, sending the company’s shares down more than 2%. However, Johnson & Johnson’s fourth-quarter results were slightly above expectations. Shares of Trump Media and Technology Group — the parent company of The Truth Social — fell more than 4%, extending a post-inauguration selloff on Tuesday. Procter & Gamble — Shares of Procter & Gamble rose 3% after the maker of Ivory soap and Crest toothpaste beat Wall Street expectations in its fiscal second quarter. Cincinnati-based Procter & Gamble reported earnings of $1.88 per share on revenue of $21.88 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $1.86 per share on revenue of $21.54 billion. 3M — Shares edged higher after Wells Fargo upgraded the stock to overweight from equal weight, with analyst Joseph O’Dea citing potentially higher margins and a recovery in the industrial sector as positive catalysts. Oracle — President Donald Trump on Tuesday announced a joint venture including OpenAI, Oracle and SoftBank to invest up to $500 billion in U.S. artificial intelligence infrastructure for a project called Stargate. The company’s stock price rose more than 10%. Shares of AI chip maker Nvidia rose more than 4%. GE Vernova – The turbine maker’s fourth-quarter earnings per share rose 2.2% to a record high of $1.73 per share after reaffirming its 2025 outlook. Revenue was $10.56 billion, below the LSEG consensus estimate of $10.79 billion. Seagate Technology — The data storage stock rose about 10% after its fiscal second-quarter revenue and profit beat expectations. Seagate earned $2.03 per share on revenue of $2.33 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $1.88 per share on revenue of $2.32 billion. Ford — Shares of the F-150 maker fell more than 3% after Barclays downgraded Ford to equal weight from overweight. The investment bank cited sales headwinds and uncertainty about cost improvements. Travelers — Shares of the insurance company rose about 4% on strong fourth-quarter results. Travelers reported earnings of $9.15 per share, while analysts polled by LSEG expected earnings of $6.64 per share. Revenue of $12.01 billion also beat expectations of $10.84 billion. Textron — Aerospace defense stocks fell 4%. Textron’s fourth-quarter revenue was $3.61 billion, below the $3.81 billion forecast by analysts polled by LSEG. —CNBC’s Hakyung Kim and Michelle Fox contributed reporting
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