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Midday Movers: Salesforce, Goldman Sachs, Nordstrom and More

By Liz Moyer

Investing.com -- Stocks continued their gains for a second day as a positive earnings report from Goldman Sachs boosted sentiment. Here are the midday movers for Oct. 18:

  • Salesforce Inc (NYSE:CRM) stock rose 4.5% after activist investing firm Starboard revealed it had taken a "significant" stake in the enterprise software maker, though it didn't provide specifics.

  • Goldman Sachs Group Inc (NYSE:GS) shares rose 2.4% after beating expectations on revenue and profit and announcing it was reorganizing its business units. A bump in net interest income helped smooth over a lackluster quarter for investment banking activity.

  • Nordstrom Inc (NYSE:JWN) shares rose 2.6% after the department store operator's chief financial officer Anne Bramman announced plans to step down in December. Accounting chief Michael Maher will step in as interim CFO.

  • Fubotv Inc (NYSE:FUBO) shares rose 2% after the streaming device maker raised its forecast for growth in revenue and subscribers, and said it was exiting sports betting.

  • Johnson&Johnson (NYSE:JNJ) shares dipped 0.4% despite it beating estimates. It cut its sales forecast for the year.

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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.