Check out the companies making the biggest moves at noon: Warner Bros. Discovery — the owner of HBO and CNN soared more than 12% after it said it was open to a sale. WBD’s board plans to “evaluate a wide range of strategic options,” ranging from pursuing a separation, a sale of the entire company, or individual transactions with Warner Bros. or Discovery Global, which is expected to occur by mid-2026. Beyond Meat — The plant-based meat products maker rallied more than 40%, adding to Monday’s 127% surge, its biggest single-day gain ever. The move is reminiscent of the volatility seen in 2021, when retail traders tried to send Beyond Meat stock “to the moon.” Cleveland-Cliffs — The mining company fell more than 16% after Wells Fargo was downgraded from equal weight to underweight, recouping most of its gains from the previous session. The bank said Monday’s 21% rise in Cleveland-Cliffs was an overreaction by investors to the company’s announcement that it would explore mining rare earth metals. Danaher — The global life sciences and diagnostic equipment company soared 8.4% after its third-quarter results beat Wall Street expectations. Earnings came to $1.89 per share, beating the $1.72 expected by analysts polled by FactSet. Revenue came in at $6.05 billion, compared to the consensus estimate of $6.0 billion. Spotify — The streaming giant rose 2.1% after Morgan Stanley named it one of its top priorities and reiterated its overweight rating on the stock. The company said in a note that it is “poised to accelerate growth over the next year” after adding value to its free and premium tiers. General Motors — The Detroit automaker soared 15% after raising its full-year outlook and reporting higher profits. GM’s third-quarter adjusted earnings per share were $2.80, compared with analyst estimates compiled by LSEG of $2.31. Revenue came in at $48.59 billion, compared to the consensus estimate of $45.27 billion. The company now expects full-year adjusted EPS of $9.75 to $10.50, up from its previous guidance of $8.25 to $10. Coca-Cola — The beverage and snack giant’s third-quarter earnings and sales beat expectations, sending its stock up 3.3%. Adjusted earnings were 82 cents per share on revenue of $12.41 billion. Analysts had expected adjusted earnings of 78 cents per share and revenue of $12.39 billion, per LSEG. 3M — The Post-it note maker rose 5.6% after quarterly results beat analysts’ expectations. 3M earned $2.19 per share, excluding certain items, on sales of $6.32 billion. Analysts polled by LSEG had expected earnings of $2.08 per share and revenue of $6.25 billion. Crown Holdings — Shares are up 4% after the metal packaging products maker reported better-than-expected third-quarter profits. The company had revenue of $3.2 billion and adjusted earnings per share of $2.24. Analysts polled by FactSet had expected earnings of $1.99 per share and revenue of $3.14 billion. Zions Bancorp — The regional bank rose more than 2% after a third-quarter report that appeared to ease concerns about the company’s exposure to bad loans. Zion’s earnings were $1.48 per share. However, this did not match LSEG’s estimate of $1.41 per share. Net interest income for the period was $672 million. EPAM Systems — The software company rose 6.9% after announcing it would buy back up to $1 billion worth of outstanding stock. Gold and Silver Mining Companies — Mining companies fell as gold and silver prices fell. Coeur Mining and Hecla Mining fell 14.6% and 10%, respectively. First Majestic Silver also fell 10%, as did Pan American. Newmont both fell 9%. RTX — Shares rose 9% after the aerospace and defense company reported better-than-expected earnings. RTX reported third-quarter earnings of $1.70 per adjusted share on revenue of $22.48 billion. Analysts had expected earnings of $1.41 per share and revenue of $21.31 billion. Philip Morris International — The tobacco giant fell 8% despite failing to raise the high end of its 2025 EPS outlook, which may have disappointed some investors. However, Philip Morris reported better-than-expected third-quarter results. GE Aerospace — The aerospace company rose more than 2% after reporting better-than-expected third-quarter profits and sales. During the period, the company posted adjusted earnings of $1.66 per share on revenue of $11.31 billion, beating the $1.45 per share and $10.41 billion in revenue expected by analysts surveyed by LSEG. —CNBC’s Scott Schnipper, Michelle Fox, Pia Singh, Sean Conlon, Alex Harring, Sarah Ming and Liz Napolitano contributed reporting.
