Midday Movers: Twitter, IBM, Lockheed Martin and More
2022.07.19 21:57
By Liz Moyer
Investing.com — U.S. stocks jumped on Tuesday as more earnings rolled in. Here are the midday movers for July 19:
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Twitter Inc (NYSE:TWTR) shares jumped 4% after a Delaware Chancery Court judge set an October trial date in Twitter’s fight with Elon Musk over the billionaire’s attempt to walk away from his $44 billion deal for the social media company.
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International Business Machines (NYSE:IBM) shares fell 6.7% despite beating expectations on revenue and profit. Its free cash flow outlook, which will be affected by its exit from Russia and the strong dollar, was weighing on the shares.
- Lockheed Martin Corporation (NYSE:LMT) shares fell 0.7% after the defense contractor said fighter jet sales fell and cut its outlook for 2022 earnings and revenue.
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Hasbro Inc (NASDAQ:HAS) shares rose 0.7% after the toymaker said profit beat expectations for the quarter, though revenue fell below expectations.
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Boeing Co (NYSE:BA) shares rose 4.8% after the plane maker announced more orders, including for its 787 Dreamliner and 737 MAX planes.
