Midday Movers: Salesforce, Goldman Sachs, Nordstrom and More

Investing.com

Tue, Oct 18, 2022, 9:23 AM1 min read

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By Liz Moyer

Investing.com -- Stocks continued their gains for a second day as a positive earnings report from Goldman Sachs boosted sentiment. Here are the midday movers for Oct. 18:

Salesforce Inc (NYSE:CRM) stock rose 4.5% after activist investing firm Starboard revealed it had taken a "significant" stake in the enterprise software maker, though it didn't provide specifics.

Goldman Sachs Group Inc (NYSE:GS) shares rose 2.4% after beating expectations on revenue and profit and announcing it was reorganizing its business units. A bump in net interest income helped smooth over a lackluster quarter for investment banking activity.

Nordstrom Inc (NYSE:JWN) shares rose 2.6% after the department store operator's chief financial officer Anne Bramman announced plans to step down in December. Accounting chief Michael Maher will step in as interim CFO.

Fubotv Inc (NYSE:FUBO) shares rose 2% after the streaming device maker raised its forecast for growth in revenue and subscribers, and said it was exiting sports betting.

Johnson&Johnson (NYSE:JNJ) shares dipped 0.4% despite it beating estimates. It cut its sales forecast for the year.

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