Stocks making the biggest moves midday: Ford, IBM, Intel, Seagate and more

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Shares of Intel and IBM tumbled after both companies reported earnings last night. 4 experts break down the numbers.

for its fourth quarter. Intel generated $1.52 in adjusted earnings per share on $20 billion in revenue, beating Wall Street expectations of $1.10 per share and $17.49 billion in revenue, according to Refinitiv. Part of the equity price decline was a reversal of a late-session spike on Thursday that followed an early release of Intel's results.— Shares of the railroad company slid more than 2% despite CSX beating top and bottom line estimates during the fourth quarter.

— Seagate shares dropped nearly 6% in midday trading despite decent earnings results. The downward pressure is likely thanks in part to the already-high expectations analysts and investors had for the company ahead of its quarterly report. Wedbush analyst Matt Bryson wrote Friday morning: "Net, without a clear driver of near- term upside, or certainty around a longer term technological advantage, we are maintaining our Neutral view on the name.

 

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Isn't that considered fake news? Any 'fact-based' assessment on why JoeBiden promised 100million vaccines a day when in fact the USA reached 100mil a day perhaps three or four weeks ago? Cnn

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