Brendan McDermid | Reuters

Try the businesses making headlines in midday trading.

Goldman Sachs — Shares of the Wall Street investment bank shed greater than 6% after it reported its worst earnings miss in a decade. Goldman Sachs missed analysts’ estimates on each the highest and bottom lines, with loan loss provisions coming in higher than expected.

Morgan Stanley— The bank stock jumped 5.8% after the firm reported fourth-quarter earnings that exceeded Wall Street expectations. The outcomes were boosted by the bank’s record wealth management revenue and growth at its trading business. CEO James Gorman said he’s more confident on the markets than the remaining of Wall Street, seeing a return of deal-making as soon because the Federal Reserve stops mountain climbing rates of interest.

Roblox — Shares of the video game company surged nearly 12% after Roblox’s December metrics report showed solid growth for users and bookings. The corporate said its every day lively users rose by 18% 12 months over 12 months, while bookings rose by a variety of 17% to twenty%. Roblox and other video game firms seek advice from revenue as bookings.

Alibaba — The Chinese e-commerce giant slipped by about 1.3% after the Wall Street Journal reported that activist investor Ryan Cohen built a stake in the corporate. The report said Cohen’s stake was price tons of of tens of millions of dollars and that he’s in search of more stock buybacks from Alibaba.

Travelers — The insurance stock tumbled nearly 5% after posting preliminary fourth-quarter results that fell in need of Wall Street’s expectations. Travelers said its expects higher catastrophe losses, citing the impact of recent winter storms.

Silvergate Capital – Shares of the bank-to-crypto business closed 1% higher despite reporting weaker-than-expected financial results for the fourth quarter. The stock has been sliding since November, and is already down 18% this 12 months after crypto exchange FTX, a Silvergate customer, collapsed in scandal. 

Carvana — The stock rose greater than 4% after the auto retailer said it could adopt a tax asset preservation plan, enabling Carvana to take care of the provision of net operating loss carryforwards.

Roku — Shares dipped closed slight higher despite Truist’s downgrade to carry from buy. The firm said the streaming stock has a full valuation and the bottom visibility amongst peers.

Pfizer –The stock slipped 3.7% after Wells Fargo downgraded Pfizer to equal weight, saying that it would need a Covid reset for the stock to work again.

Bloomin’ Brands  — Shares dropped nearly 1% after being downgraded by Gordon Haskett to carry. The analyst cited the Outback Steakhouse parent’s increasingly balanced risk/reward profile.

Snap — The tech company lost 1.3% after being downgraded to market perform from market outperform by JMP Securities, which cited declining time spent on Snap and increased competition from Reels and YouTube shorts.

Global Payments – Shares rose 3.5% after Morgan Stanley upgraded the corporate to purchase, saying that the upcoming environment will favor incumbents and help shares gain.

Church & Dwight – Church & Dwight jumped 3.4% after Morgan Stanley upgraded shares of the corporate to purchase saying that a dismal 2022 made for a lovely entry point. The firm also expects a pointy turnaround in performance to spice up shares of the buyer goods company in 2023.

Residents Financial Group — The bank stock slipped 2.6% despite posting solid quarterly that met Wall Street’s expectations.

— CNBC’s Carmen Reinicke, Yun Li, Jesse Pound, Alex Harring, Michelle Fox and Tanaya Macheel contributed reporting