Why These 5 Stocks Are Trending on Wednesday

In this article we take a look at five stocks that are trending on Wednesday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are Trending on Wednesday.

5. General Motors Company (NYSE:GM) shares fell 4.4% despite the company beating estimates for the third quarter. For profits, General Motors Company (NYSE:GM) earned an adjusted $1.52 per share, versus estimates of $0.96 per share. For sales, the company reported revenues of $26.78 billion versus estimates of $26.51 billion. GM shares may be down due to profit taking given its recent rally around its investor day. Warren Buffett’s Berkshire Hathaway was long 60 million shares of General Motors Company (NYSE:GM) at the end of Q2.

4. The Boeing Company (NYSE:BA) is in the spotlight after the company reported sales of $15.28 billion for the third quarter versus estimates of $16.3 billion. The Boeing Company (NYSE:BA) also lost $0.60 per share on an adjusted basis, which were worse than estimates. The Boeing Company (NYSE:BA) shares are up 2.77% year to date. Citadel Investment Group owned both put and calls in The Boeing Company (NYSE:BA) at the end of Q2.

3. Enphase Energy, Inc. (NASDAQ:ENPH) has surged 28% after the company reported stronger than expected revenue of $351.5 million for Q3. For Q4, Enphase Energy, Inc. (NASDAQ:ENPH) expects sales of between $390 million and $410 million, versus the consensus of $373.6 million. Point State Capital owned 470,431 shares of Enphase Energy, Inc. (NASDAQ:ENPH) at the end of Q2.

2. The Coca-Cola Company (NYSE:KO) has rallied 1.6% after the company reported adjusted earnings of $0.65 per share versus estimates of $0.58 per share. Revenue rose 16.1% year over year to $10 billion. Warren Buffett’s Berkshire Hathaway owned 400 million shares of The Coca-Cola Company (NYSE:KO) at the end of June.

1. McDonald’s Corporation (NYSE:MCD) is up 2.8% after reporting third quarter adjusted quarterly earnings of $2.76 per share, or 30 cents per share higher than estimates. Revenue was $6.2 billion versus the consensus of $6.03 billion. Ray Dalio’s Bridgewater Associates was long over 1.39 million shares of McDonald’s Corporation (NYSE:MCD) at the end of June.

Disclosure: None.