The Biggest Movers in the Stock Market Today: Spotify, GM, Pfizer, Caterpillar, and More

Stock futures were falling Tuesday as Wall Street digested corporate earnings and looked toward the Federal Reserve’s decision on interest rates.

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These stocks could see some movement on Tuesday:
Spotify Technology (SPOT) was rising 5.8% after fourth-quarter revenue rose from a year earlier. The company reported 489 million monthly active users in the fourth quarter, up 20% from a year earlier, and 205 million premium subscribers. Premium subscriber growth jumped 14% to 205 million. Spotify announced that it had 489 million monthly active users in the fourth quarter of 2020, an increase of 20% from the same period a year earlier. The company also reported 205 million premium subscribers.

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General Motors (GM) gained 4.2% after the auto maker topped fourth-quarter earnings forecasts and issued an upbeat outlook. GM reported earnings per share of $2.12 and operating profit of $3.8 billion from sales of $43.1 billion. All the numbers topped Wall Street estimates. General Motors reported earnings per share of $2.12 and operating profit of $3.8 billion from sales of $43.1 billion, all of which topped Wall Street estimates. NXP Semiconductors' (NXPI) shares fell 3.6% after the company forecasted lower-than-expected earnings and reven ue for the first quarter. This miss was below Wall Street's estimates.

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Pfizer's stock fell 3% after the company issued guidance for 2023 that was below Wall Street's expectations. Pfizer is expecting sales from its Covid-19 vaccine to drop to $13.5 billion in 2023, which is a top-line dip.

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Pfizer is expecting a drop in sales for its Covid-19 vaccine in 2023. The company said it expects sales to fall to $13.5 billion that year. This is a significant decrease from the $26.4 billion in sales the vaccine generated in 2020. Pfizer is taking steps to prepare for this decline, including reducing its workforce and cutting costs.
Caterpillar (CAT) was falling 2.6% in premarket trading after fourth-quarter profit missed analysts’ expectations. The construction equipment company reported earnings per share of $3.86 from $16.6 billion in sales. The Street was looking for EPS of $4.02 from sales of $15.8 billion.

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The construction equipment company reported earnings per share of $3.86 from $16.6 billion in sales. This was below what analysts were expecting, which was EPS of $4.02 from sales of $15.8 billion.

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McDonald's shares fell 1.9% after the company reported fourth-quarter earnings and revenue that beat estimates. However, the fast-food giant warned of ongoing inflationary pressures. Meanwhile, shares of Johnson & Johnson dropped after a court rejected the use of bankruptcy in talc lawsuits. The opinion raises questions about the future of the more than 40,000 lawsuits claiming that J&J's talc products caused cancer.

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The opinion raises questions about the future of the more than 40,000 lawsuits claiming that J&J's talc products caused cancer. The opinion could have implications for other companies that make products containing talc, and it will be interesting to see how the courts handle these cases in the future.
Whirlpool (WHR) was rising 1.7% after the home appliance company reported a sales drop in the fourth quarter and full year. The company said it expects a $800 million to $900 million benefit in 2023 from "strong cost takeout actions and easing raw material inflation."

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The home appliance maker is projecting full-year 2023 revenue of $19.4 billion, which would be a 1-2% decrease from the previous year.
UPS reported fourth-quarter adjusted earnings of $3.62 a share, beating analysts’ estimates by 4 cents. The logistics giant reported sales of $27 billion, missing Wall Street forecasts. However, the stock still gained 1.4% as investors were encouraged by the company’s expense management. UPS provided a full-year outlook that disappointed, but investors remain hopeful that the company can continue to control costs.