{"id":2396,"date":"2023-10-17T14:55:57","date_gmt":"2023-10-17T14:55:57","guid":{"rendered":"https:\/\/infundpros.com\/markets\/nvidia-lockheed-lucid-wyndham-jj-bank-of-america-goldman-and-more-movers\/"},"modified":"2023-10-17T14:55:58","modified_gmt":"2023-10-17T14:55:58","slug":"nvidia-lockheed-lucid-wyndham-jj-bank-of-america-goldman-and-more-movers","status":"publish","type":"post","link":"https:\/\/infundpros.com\/?p=2396","title":{"rendered":"Nvidia, Lockheed, Lucid, Wyndham, J&#038;J, Bank of America, Goldman, and More Movers"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000770151\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Stocks declined Tuesday and bond yields rose after a report on U.S. retail sales in September was stronger than expected. Meanwhile, President\u00a0Joe Biden\u00a0is scheduled to\u00a0visit\u00a0Israel Wednesday  amid rising concerns of an escalation of the Israel-Hamas war, and third-quarter earnings season has picked up momentum.<\/p>\n<p>These stocks are making moves Tuesday:\u00a0<\/p>\n<div class=\"paywall\">\n<p>\n        Nvidia<br \/>\n       (NVDA) was down 6.6% after the Biden administration said it would be tightening its restriction on exports of artificial intelligence chips to China.<\/p>\n<p>\n        Johnson &amp; Johnson<br \/>\n       (JNJ) reported third-quarter adjusted earnings of $2.66 a share, beating analysts\u2019 estimates of $2.52. Sales of $21.4 billion also topped estimates of $21 billion and the healthcare giant lifted full-year guidance. The report marked the company\u2019s first that doesn\u2019t include the results of its consumer health division that separated from J&amp;J over the summer. The stock was up 0.5%.<\/p>\n<p>\n        Bank of America<br \/>\n       (BAC) reported third-quarter earnings of 90 cents a share, topping Wall Street forecasts of 83 cents. Net interest income rose 4% to $14.4 billion because of higher interest rates and loan growth. The stock was rising slightly.<\/p>\n<p>Third-quarter profit of $5.47 a share at investment bank<br \/>\n        Goldman Sachs<br \/>\n       (GS) beat expectations of $5.42. Third-quarter revenue of $11.82 billion declined from almost $12 billion a year earlier. The stock fell 0.3%.<\/p>\n<p>\n        Lockheed Martin<br \/>\n       (LMT), the defense contractor, reported third-quarter earnings of $6.73 a share on sales of $16.9 billion. Wall Street was looking for profit of $6.67 a share on sales of $16.7 billion.<br \/>\n        Lockheed<br \/>\n       was up 1.4%.<\/p>\n<p>\n        Lucid<br \/>\n       (LCID) was down 2.9% after the electric-vehicle maker produced 1,550 vehicles in the third quarter, down 32.1% from a year earlier.<\/p>\n<p>U.S.-listed shares of<br \/>\n        Ericsson<br \/>\n       (ERIC) fell 4.7% after the Sweden-based maker of telecommunications equipment withdrew margin guidance for 2024, saying it expects current macroeconomic uncertainty to \u201cprevail\u201d into next year.<\/p>\n<p>\n        Choice Hotels International<br \/>\n       (CHH) launched a hostile bid for<br \/>\n        Wyndham Hotels &amp; Resorts<br \/>\n       (WH) of $90 a share in cash and stock. Wyndham shares jumped 11% to $76.61. Choice shares fell 6.3%.<\/p>\n<p>\n        NetScout Systems<br \/>\n       (NTCT) was falling 22% after the cybersecurity company said it was reducing guidance for fiscal 2024 \u201cto reflect a recent slowing in order conversion.\u201d<\/p>\n<p>\n        SunPower<br \/>\n       (SPWR) declined 4% to $5.56 after shares of the residential solar technology company were downgraded to Underweight from Equal Weight at<br \/>\n        Morgan Stanley<br \/>\n       and the price target was reduced to $5 from $8. Citi also cut its recommendation on SunPower to Sell from Neutral.<\/p>\n<p>\n        Dollar Tree<br \/>\n       (DLTR) was upgraded to Buy from Neutral at<br \/>\n        Goldman Sachs<br \/>\n       and the stock rose 2.7%.<\/p>\n<p>Write to Joe Woelfel at\u00a0joseph.woelfel@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/stock-market-movers-9eeff636?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks declined Tuesday and bond yields rose after a report on U.S. retail sales in September was stronger than expected. Meanwhile, President\u00a0Joe&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-2396","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nvidia, Lockheed, Lucid, Wyndham, J&amp;J, Bank of America, Goldman, and More Movers | inFundPros<\/title>\n<meta name=\"description\" content=\"Stocks declined Tuesday and bond yields rose after a report on U.S. retail sales in September was stronger than expected. 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