Stocks making the biggest moves midday: CVS Health, Eli Lilly, Clorox, Yum and more

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Check out the companies making the biggest moves midday:

CVS Health — Shares fell about 3% after the company cut its 2023 forecast due to costs related to recent acquisitions of Signify Health and Oak Street Health. CVS cut its 2023 adjusted earnings guidance to a range of $8.50 to $8.70 per share from its previous projection of $8.70 to $8.90 per share. However, the company beat earnings and revenue expectations for the first quarter.

Kraft Heinz — The consumer staples stock added 4% after the company topped analysts' expectations for both revenue and adjusted earnings per share, according to Refinitiv. The company also upped its guidance for the full year, to an adjusted EPS of $2.83 to $2.91 from its prior guidance of $2.67 to $2.75 per share.

Estée Lauder — Shares tumbled nearly 15% after the beauty products company slashed its full-year guidance, citing volatility in Asian travel and a slower recovery in the region than expected. It guided for adjusted earnings per share of $3.29 to $3.39 for the year, versus prior guidance of $4.87-$5.02 and analyst estimates of $4.96, per StreetAccount.

Eli Lilly — The stock gained 5.8% after the pharmaceutical company's clinical trial data showed its donanemab drug slowed the progression of Alzheimer's disease.

Starbucks — Shares of the world's largest coffee chain fell 8.6%. On Tuesday, the company reported quarterly earnings and revenue that beat analysts' expectations. China, the company's second-largest market, saw its same-store sales increase, for the first time since Starbucks' fiscal third quarter in 2021.

Clorox — Shares rallied 6%. On Tuesday, the consumer products firm posted fiscal third-quarter adjusted earnings per share of $1.51 topped the $1.22