Market Insider

Midday movers: Microsoft, MasterCard, Chevron & More

This Wednesday, July 18, 2012 photo shows a MasterCard logo on the window of a store in Pittsburgh. MasterCard reported a 15 percent increase in quarterly income Wednesday, Aug. 1, 2012, after recording a $13 million expense related to a settlement with merchants over credit card fees. (AP Photo/Gene J. Puskar)
Gene J. Puskar

Take a look at some of Friday's midday movers:

Microsoft - The software maker rose after Bloomberg News cited people briefed on the situation in reporting Microsoft's board was readying to name Satya Nadella, the company's enterprise and cloud chief, as its next CEO.

MasterCard - The payment-transaction processor's shares fell it posted weaker-than-expected fourth-quarter earnings and revenue. Visa and American Express fell in sympathy.

Wal-Mart Stores - Shares of the discount retailer edged higher, clearing losses that came after it cut its quarterly and full-year outlook.

J.C. Penney - The retailer's shares rose after Buckingham Research said vendors aren't concerned about shipping to the department-store operator in the near term.

AbbVie - The drug developer gained after reporting positive results for its experimental hepatitis C drug. Shares of its partner Enanta Pharmaceuticals also rose.

Chevron - The oil producer fell after posting a 31 percent drop in fourth-quarter earnings on a 58 percent drop in refining margins.

Mead Johnson Nutrition - The company's shares slid after it forecast 2014 earnings below expectations.

Buffalo Wild Wings - Shares of the franchise-operator rose after the National Chicken Council said an estimated 1.25 billion wings will be eaten during the Super Bowl, 20 million more than last year.

Under Armour - Shares of the apparel maker rose after Baird hiked its price target after fourth-quarter results.

Lear - The auto-parts supplier fell after posting weaker-than-expected quarterly earnings.

Rocket Fuel - The technology company declined after announcing pricing of a follow-on offering.

Raytheon - The defense contractor hit an all-time high after Sterne Agee upgraded the stock to buy and raised its price target to $114 from $92.

Generac Holdings - The generator maker climbed after Baird upgraded the stock to outperform while repeating a $60 price target.

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—By CNBC's Rich Fisherman.

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