VG - Hot Stocks: UNH advances on raised guidance ERIC also gains WFC dips on revenue miss and HSC falls

UnitedHealth Group Incorporated ( NYSE: UNH ) traded in the green early on as the firm raised its FY22 EPS outlook. Also trending higher is Ericsson ( NASDAQ: ERIC ) after it received authorization to go-ahead with its M&A deal with Vonage Holdings ( VG ).

Wells Fargo & Company ( NYSE: WFC ) is among one of the financial stocks that trades in the red after a revenue miss. Falling lower as well are shares of Harsco Corporation ( NYSE: HSC ) after updating its full year outlook.

Gainers

Shares of UnitedHealth Group Incorporated ( UNH ) tracked to the topside +1.6% as the healthcare and insurance firm raised its FY22 EPS outlook following its Q2 results which beat analysts' estimates . UNH announced that Q2 total revenues grew +12.63% Y/Y to $80.33B.

Ericsson ( ERIC ) ticked higher by 0.7% after the company established clearance from the Committee on Foreign Investments in the United States to complete its long awaited acquisition of Vonage Holdings ( VG ).

Decliners

Wells Fargo & Company ( WFC ) slid 1% in early market trading after the financial institution reported its Q2 earnings . WFC delivered Q2 GAAP EPS of $0.74 and a revenue miss by $510M. WFC’s Q2 revenue was $17.03B.

Trading lower in the premarket session are shares of Harsco Corporation ( HSC ), down 5.3% . HSC updated its full year outlook and expects Q2 GAAP operating loss from continuing operations to be between $95 and $97M including a non-cash goodwill impairment charge estimated at ~$100M.

Investors looking to gain further insight into Wall Street’s daily gainers and decliners throughout the entire trading session should look towards Seeking Alpha's On The Move section.

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