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.


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  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%.


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  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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