Shares of Block (SQ) are moving as the company received an upgrade from BTIG to Buy, citing strong growth potential from the integration of Cash App and Square ecosystems.
Corning (GLW) stock trends upward by over 7% Tuesday morning despite the company sharing a weaker profit forecast, citing slower demand.
Lastly, Whirlpool (WHR) shares drop as the company gives a weaker-than-expected 2024 sales guidance.
Yahoo Finance Anchor Brad Smith breaks down the latest developments for these companies.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino
Video Transcript
BRAD SMITH: We're 30 minutes into the trading day. Let's take a look at how things are shaping up right now. Stocks mostly flat, as investors await some big tech earnings coming after the bell today. And a key decision from the Federal reserve tomorrow.
Let's take a look at some individual trending tickers. Block shares getting a boost today from BTIG with the analyst upgrading the stock from neutral to buy, citing its growth opportunities and bottom line focus as an attractive investment opportunity.
So that's one. Number two here, Corning shares are in the green today, despite forecasting profit for its first quarter below expectations. The company also posting a $40 million loss in the quarter, as Corning grapples with a slowdown in demand.
And for the hat trick, the trifecta here, let's take a look at shares of Whirlpool. Shares are sinking. After giving weaker than expected sales, expectations for 2024 with the company CFO saying, we continue to see an environment, where discretionary parts of their business are under pressure. There you're seeing shares down for WHR, by about 5%.
