Midday Movers: AMD, CA & More
Senior Editor, CNBC
Take a look at some of Wednesday's midday movers:
Technology stocks were among the best performers and the only large cap S&P sector in positive territory. Earnings are driving the gains in the sector including Advanced Micro Devices, Google and IBM .
Information technology company CA also moved higher despite posting third-quarter earnings that fell 4.6-percent on weaker sales across its three units. New CEO Michael Gregoire acknowledged that "there is room for improvement" at the IT firm and RBC raised its price target to $27 from $26; rating of "sector perform."
Whirlpool spiked higher on a ruling from the U.S. International Trade Commission that unlawful pricing by Samsung and LG caused injury to the U.S. clothes washer industry. Whirlpool is the world's leading home appliance maker.
Safeway jumped to its highest level in more than six months after BMO analysts suggest that the supermarket company should sell its Canadian operations.
Blame it on Sandy. Quest Diagnostics reported quarterly profits fell about 24 percent as fewer people took tests during Superstorm Sandy. The laboratory tests provider also warned that full-year forecasts were below analysts' estimates.
Netflix gained ahead of its quarterly earnings report expected after the bell Wednesday. The key metric analysts will be watching for when Netflix reports will be growth in the company's video-streaming business.
Melco Crown Entertainment hit a 52-week high helped by an upgrade to "buy" from "sell" at Compass Point. The firm cites a stabilization in the macro environment in China and re-acceleration in Macau gaming revenues for the upgrade.
—By CNBC's Lori Spechler
Questions? Comments? Email us at firstname.lastname@example.org