UnitedHealth, Bank of America, Caterpillar et plus

Here are the stocks that made some notable moves Thursday.

UnitedHealth – Shares of the health insurer have risen by more than 4% following a surging earnings report. UnitedHealth posted third-quarter EPS of $ 4.52, 11 cents above analyst estimates, according to Refinitiv. Its revenues also exceeded expectations, as the company raised its profit forecast for the full year.

Bank of America – Shares of America’s second-largest bank in terms of assets jumped 4.5% after its third-quarter earnings and income exceeded analysts’ expectations. Bank of America has benefited from record advisory and asset management fees.

Caterpillar – Shares of the manufacturing giant climbed 2.9% after Cowen launched the Caterpillar cover with an outperformance rating. The Wall Street firm said it sees a “megacycle in the making” for the OEM.

UPS – Shares of the shipping company rose 4% following an upgrade to buy pending at Stifel. The Wall Street firm said in its stock upgrade it sees “strong fundamentals and a healthy operating environment.”

Morgan Stanley – Shares in the investment bank rose 2.5% after Morgan Stanley reported a stronger-than-expected third quarter. The company earned $ 1.98 per share on revenue of $ 14.75 billion, fueled by good quarters for the investment banking and asset management divisions. Analysts polled by Refinitiv were expecting $ 1.68 in earnings per share on $ 14 billion in revenue.

Walgreens Boots Alliance – Shares of Walgreens gained more than 7% after the drugstore chain’s quarterly profits beat expectations. The company said adjusted earnings of $ 1.17 per share, 15 cents above estimates, boosted by more Covid-19 vaccinations than expected. Walgreens also announced that it will take majority ownership of VillageMD with a $ 5.2 billion investment.

Avis Budget Group – Shares of the car rental company fell 1.8% after Morgan Stanley lowered the stock to underweight to the same weight. The company said Avis is at the top of cyclical earnings and exhibits a negative risk / reward trade-off.

US Bancorp – Bank stock slipped more than 2% despite US Bancorp third quarter earnings exceeding expectations in terms of bottom line. The company reported earnings per share of $ 1.30 on revenue of $ 5.89 billion. Analysts polled by Refinitiv were expecting $ 1.16 in earnings per share on $ 5.77 billion in revenue.

Taiwan Semiconductor Manufacturing – US-traded shares for the leading semiconductor company rose more than 2% after Taiwan Semi’s third-quarter results beat expectations. The company’s fourth-quarter forecast also beat estimates, according to StreetAccount.

– CNBC’s Yun Li, Hannah Miao and Maggie Fitzgerald contributed to this report.