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Midday movers: Home Depot, General Mills, Molson Coors and more

By Liz Moyer

Investing.com -- Stocks extended their losses on Tuesday after bleak outlooks from major retailers Walmart (NYSE:WMT) and Home Depot, as consumer spending shifts. Here are the midday movers for Feb. 21.

  • Home Depot Inc (NYSE:HD) shares fell 5.9% after the home improvement retailer beat profit but missed on sales. It said it expects sales to be flat this year as consumers shift their spending.
  • General Mills Inc (NYSE:GIS) stock rose 5.4% after the maker of cereals, baking products and snacks raised its full-year outlook based on healthy demand. It foresees organic sales growth of 10% and earnings per share rising more than earlier forecast.

  • Molson Coors Brewing Co (NYSE:TAP) shares rose 4.5% after the beer brewer beat fourth-quarter expectations. Price increases helped offset declining sales volume.

  • Nordson Corporation (NASDAQ:NDSN) shares fell 13% after the precision tech company cut its 2023 sales outlook, now seeing sales flat to up 3% from an earlier forecast for sales to rise 1% to 7%.

  • Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) shares were down 2.7% as the Supreme Court hears arguments in a case that could dramatically change the way Google, Youtube, and other internet companies operate platforms that have third party content.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.3% 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.