Check out the businesses making headlines in noon buying and selling. UnitedHealth — Shares climbed 5.2%, single-handedly pushing the Dow Jones Industrial Average larger on Tuesday. UnitedHealth posted better-than-expected first-quarter income and reaffirmed its full-year earnings forecast of $27.50 to $28 per share excluding objects. Analysts polled by FactSet forecast $27.50. Johnson & Johnson — The drugmaker slipped 2.2% regardless of beating first-quarter revenue estimates and reporting in-line income. Johnson & Johnson adjusted its full-year gross sales forecast for 2024 to a variety of $88 billion to $88.4 billion in comparison with a earlier forecast of $87.8 billion to $88.6 billion. SolarEdge Technologies — Barclays maintained an underweight ranking on the photo voltaic firm, saying its fastened prices will weigh on revenue margins, serving to ship the inventory down 2%. However, the Wall Street financial institution raised its worth goal on SolarEdge to $61 from $50. Shares closed Monday at $60.44. Morgan Stanley — Shares climbed 2.4% on the heels of better-than-expected first-quarter outcomes that noticed positive factors within the funding financial institution’s wealth administration, buying and selling and advisory companies prime forecasts. The agency additionally surpassed analysts’ earnings and income estimates. Tesla — The electrical car maker pulled again 2.7%, including to Monday’s losses, after Tesla stated it might lay off 10% of its workforce, or roughly 14,000 workers. Live Nation Entertainment — The live performance promoter slumped greater than 7% following a Wall Street Journal report that the U.S. Department of Justice would file an antitrust lawsuit towards it. Bank of America — Charlotte-based Bank of America fell 3.5% after quarterly revenue tumbled 18% to $6.67 billion , or 76 cents a share. Excluding a $700 million FDIC evaluation, revenue was 83 cents a share. Revenue slipped 1.6% to $25.98 billion, about in keeping with LSEG estimates, as internet curiosity revenue declined from a yr earlier. — CNBC’s Sarah Min and Tanaya Macheel contributed reporting.
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