Midday movers: Boeing, Goldman Sachs, Apple

Stocks are mixed as earnings season begins in earnest with some of the country's largest financial institutions reporting fourth-quarter results.

By MSN Money Partner Jan 16, 2013 2:45PM
Image, Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Boeing (BA) shares slid over 3% and dragged on the Dow Jones Industrial Average after two Japanese airlines grounded their fleet of 787s. This move was prompted by Tuesday's emergency landing of a 787 Dreamliner operated by Japan's All Nippon Airways, which was the latest in a recent string of problems with the new plane. 

JPMorgan (JPM) reported earnings that beat expectations, but shares moved up only fractionally. The company notably also released its report on the "London Whale" losses at its CIO unit and cut CEO Jamie Dimon's compensation following that scandal. 

Another major financial company, Goldman Sachs (GS), beat expectations more resoundingly and shares rose more dramatically, up 3.8% by early afternoon.

Among the notable gainers were Genworth Financial (GNW), up 9% after announcing changes to its mortgage insurance unit, and Christopher & Banks (CBK), up nearly 14% after raising its Q4 same-store sales view. 

Also higher were shares of Apple (AAPL), which rose 3.8% to retake the $500 level despite Pacific Crest downgrading the stock to Sector Perform and Bank of America Merrill Lynch lowering its price target on shares. 

Among the noteworthy losers were Crocs (CROX), down over 7% after saying it expects quarterly revenue to be in-line with its previous guidance, and Chipotle Mexican Grill (CMG), down nearly 6% after guiding to Q4 earnings below consensus due to higher food costs. 
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