Tesla, Dow Inc., Chevron, Southwest, IBM, And More: Here Are The Stocks With The Biggest Movements Today

According to economists, the U.S. GDP is expected to grow at a rate of 2.3% per year in the fourth quarter of 2022. This would be a slight increase from the previous quarter's growth rate of 2.2%.‍

January 26, 2023

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Stock futures were mostly higher Thursday as traders awaited key data on U.S. economic growth. Economists expect that the economy grew at a 2.3% annual rate in the fourth quarter of 2022, which would be a positive sign for continued growth in the future.
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According to economists, the U.S. GDP is expected to grow at a rate of 2.3% per year in the fourth quarter of 2022. This would be a slight increase from the previous quarter's growth rate of 2.2%.
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These stocks could make moves on Thursday:
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Tesla (ticker: TSLA) was up nearly 7% in premarket trading after reporting fourth-quarter earnings that topped Wall Street estimates. Tesla's operating earnings of $3.9 billion in the fourth quarter were a record.Tesla's strong earnings report indicates that the company's plans for world domination are still on track. However, the company faces a tough battle ahead after slashing prices to spur slowing sales.
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Tesla has reported a record profit, but the company is facing challenges as it looks to boost sales with price cuts.
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Dow Inc. (DOW) shares slid 3.6% early Thursday after the chemicals giant posted an earnings miss for its fourth quarter and said it plans to lay off about 2,000 workers.Dow reported fourth-quarter earnings of 46 cents a share on sales of $11.9 billion, missing Wall Street's expectations for profit of 57 cents a share on $12 billion in sales.The company said it expects weakness to continue in the first quarter of 2020, and announced plans to lay off 2,000 workers in an effort to reduce costs.
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Dow's fourth-quarter earnings were 46 cents a share on sales of $11.9 billion, which was below Wall Street's expectations of 57 cents a share on $12 billion in sales.
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Tesla (TSLA) reports fourth-quarter earnings that topped Wall Street estimates, while IBM's (IBM) outlook on free cash flow disappoints.Chevron (CVX) was gaining 3.3% after the energy giant raised its dividend and announced a new round of buybacks valued at up to $75 billion. This gives Chevron a 3.4% dividend yield, surpassing Exxon's (XOM) 3.2% yield.
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Tesla reported fourth-quarter earnings that topped Wall Street estimates, while IBM's outlook on free cash flow disappointed.
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Chevron has raised its quarterly dividend to $1.51 per share, giving the energy giant a 3.4% yield. This is higher than Exxon's dividend yield of 3.2%.
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Tesla, the electric-vehicle maker, reported fourth-quarter earnings that topped Wall Street estimates, while IBM's outlook on free cash flow disappointed. Las Vegas Sands (LVS) rose 3.1% after the casino company reported a fourth-quarter loss but said revenue jumped 11%. It also said it was confident that travel and tourism spending would continue to recover this year.
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Tesla reported fourth-quarter earnings that topped Wall Street estimates, while IBM's outlook on free cash flow disappointed.
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Southwest Airlines stock is falling after the airline posted a wider-than-expected loss in the fourth quarter. The company reported a net loss of $220 million, or 38 cents per share, while analysts had penciled in a loss of 7 cents per share, according to FactSet.
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Southwest Airlines stock is falling after the airline reported a wider-than-expected loss in the fourth quarter.
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Tesla, the electric-vehicle maker, reported fourth-quarter earnings that topped Wall Street estimates, while IBM's outlook on free cash flow disappointed. Tesla's strong earnings helped boost shares of American Airlines, which rose 2.3% in premarket trading Thursday. American Airlines posted a slight adjusted earnings beat for its fourth quarter and shared 2023 earnings guidance higher than analysts expected.
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Tesla reported fourth-quarter earnings that topped Wall Street estimates, while IBM's outlook on free cash flow disappointed.
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International Business Machines (IBM) stock declined by 2.4% today. This followed the release of the company's quarterly earnings report, which showed better-than-expected revenue but a slightly disappointing outlook for free cash flow. IBM also announced that it would be cutting 3,900 jobs.
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Revenue was better than expected, but management's outlook for free cash flow was slightly disappointing. While this is not ideal, it is not entirely unexpected given the current market conditions.
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Comcast shares rose 1.5% after the company posted better-than-expected earnings for its fourth quarter. Adjusted earnings came in at $0.87 per share, beating analysts' estimates of $0.86 per share.
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SAP's American depositary receipts fell 4.7% after the company announced plans to reduce its staff by 2.5%. SAP also said it is exploring the sale of its majority stake in Qualtrics. These moves come as SAP shifts to the cloud and looks to cut costs.
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Tesla reported fourth-quarter earnings that topped Wall Street estimates, while IBM's outlook on free cash flow disappointed.
Tesla reported fourth-quarter earnings that topped Wall Street estimates, while IBM's outlook on free cash flow disappointed.
The German enterprise software company posted revenue of €8.43 billion ($9.1 billion), up 6% from the previous year. This is just below the Wall Street consensus.
Tesla reported fourth-quarter earnings that topped Wall Street estimates, while IBM's outlook on free cash flow disappointed.
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Lam Research (LRCX) shares fell 1.4% after the company announced it would be cutting its workforce by 7% to reduce costs as demand for chip equipment slows.