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Midday Movers: Microsoft, Alphabet, PayPal and More

By Liz Moyer

Investing.com -- U.S. stocks rose on Wednesday ahead of the Federal Reserve's interest rate decision. Here are the midday movers for July 27:

  • Microsoft Corporation (NASDAQ:MSFT) stock rose 5% after the software giant said it expects to report double-digit sales growth for the year despite missing on sales and earnings estimates for the recent quarter.

  • Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) shares rose 7% after advertising sales beat expectations, especially in light of economic trends and ad sales reported by other social media companies.
  • PayPal Holdings Inc (NASDAQ:PYPL) shares rose 11% after a report that the activist fund Elliott Investment Management was taking a stake in the digital payments firm.
  • T-Mobile US Inc (NASDAQ:TMUS) shares rose 4% after wireless subscriber growth beat expectations.
  • Meta Platforms Inc (NASDAQ:META) shares rose 5% ahead of its earnings report later on Wednesday. Analysts expect the social media platform to report EPS of $2.56 on revenue of $28.9 billion.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.