Mastercard, Phillips 66, SoFi: Trending Tickers
Mastercard (MA) reports sales growth and strong consumer spending in fourth-quarter earnings.
Oil refinery Phillips 66 (PSX) tops fourth-quarter profit expectations.
Lastly, SoFi Technologies (SOFI) was downgraded to Underweight by Morgan Stanley analysts.
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 Luke Carberry Mogan.
Video Transcript
SEANA SMITH: All right, let's take a look at some of those individual movers. First up, the resilient consumer really helping Mastercard this quarter. Shares up just about 2% on better-than-expected fourth quarter results. Revenue was up 13%. That marked the second quarter in a row that we saw growth there in sales.
BRAD SMITH: All right. The company of the Venn diagram. And Phillips 66 also reporting strong results. The company saying it expects a 5% boost in refining market capture by next year, as it has 10 to 15 projects annually. This comes as Phillips 66 is facing pressure from activist investor Elliott Management or Elliott Investment Management over higher operating expenses.
SEANA SMITH: And SoFi under a bit of pressure this morning. Up just about 1%. Morgan Stanley warning of revenue headwinds. Now the analysts downgrading SoFi to underweight, talking about some risks that they see ahead for the company's new profitability targets.
