Stocks to watch today: Boeing, News Corp, AT&T, Microsoft and more

Boeing's stock dropped by 1.7% in early trading after the company released earnings and revenue figures that fell short of expectations. The company attributed the disappointing results to labor and supply shortages.

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News Corporation and Fox News saw their stock prices rise by 4.9% and 1.8%, respectively, after Rupert Murdoch decided not to go ahead with plans to merge the two companies. The proposed merger had been met with resistance from shareholders.
AT&T's shares rose by 1.8% after the company released its fourth-quarter report on Wednesday. The report showed an increase in the number of subscribers, but AT&T forecast that its annual profit would be below expectations.

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Microsoft shares declined by nearly 3% after the software giant shared a dismal revenue forecast for the current quarter. The tech bellwether topped earnings expectations but said new business growth slowed in December, including within its Azure segment. This news caused investors to lose confidence in the company, leading to the stock decline.

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Omnicom's shares fell 3% after it was revealed that BlackRock Inc. had increased its stake in the company, now owning 9.4% of shares.
Solar companies Sunrun and SunPower both fell more than 3% after being downgraded by Barclays. Sunrun was downgraded to equal weight from overweight, while SunPower’s rating was slashed to underweight from equal weight. The downgrades were due to a potential slowdown in solar demand.

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Enphase shares slid 4% following a downgrade from Piper Sandler to neutral. The firm pointed to a potential reset in the U.S. residential solar market coming in 2023, while still acknowledging that the company has a strong product, management and position.

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Capital One's stock dropped 2.3% after the company reported disappointing quarterly results. Capital One earned $3.03 per share on revenue of $9.04 billion, while analysts polled by StreetAccount had expected a profit of $3.87 per share on revenue of $9.07 billion. Additionally, Capital One's net interest income came in below expectations.

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Intuitive Surgical reported fourth-quarter earnings and revenue that fell just short of expectations, resulting in a 9% drop in stock prices. The company attributed the shortfall to a resurgence of Covid-19 in China, which led to a decrease in procedure volumes.
F5's shares fell 3.7% after the company reported revenue for its most recent quarter that missed analyst expectations and issued weaker-than-expected earnings guidance for the second quarter.