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Check out the companies making headlines in afternoon trading. Citigroup – Shares fell more than 2% after the bank warned Wednesday night of a potential loss in the fourth quarter due to the Argentine peso’s decline and restructuring charges, more than what CFO Mark Mason had previously disclosed to investors. Citigroup is scheduled to release its fourth-quarter earnings Friday morning. Lyft – Shares of Lyft fell 3% after Goldman Sachs downgraded the ridesharing company to neutral from buy, citing a more balanced risk-reward. Occidental Petroleum – Shares of the energy producer rose nearly 1% in a day after the company said its strong operating performance helped it overcome third-party outages and its total production in the fourth quarter was expected to remain within the guidance range. hopefully. Separately, Warren Buffett’s Berkshire Hathaway revealed in a filing that it has increased its stake in Occidental to 34%. Salesforce – Shares of the cloud computing company rose 1.3% after Baird upgraded the stock to outperform from neutral. “We underestimated the company’s willingness to deliver margins, which led to strong performance last year,” analyst Rob Oliver wrote. Crypto Stocks – Bitcoin miners gave back earlier gains as the cryptocurrency’s price declined in volatile trading following the Securities and Exchange Commission’s approval of the first U.S. spot Bitcoin ETF to hit the market on Thursday. Iris Energy and CleanSpark each fell 10% in the afternoon. Marathon Digital fell 18% and Riot Platforms fell 16%. Crypto exchange Coinbase fell 7% and MicroStrategy fell nearly 6%. Yum Brands – KFC and Pizza Hut parent fell 1% after Wells Fargo downgraded it to equal weight. The bank said Yum Brands may face slower traffic and moderate price growth this year. KB Home – Shares fell 2% a day after the homebuilder reported its average home sales prices declined 4.5% in the fourth quarter. Despite this, KB Home’s earnings and revenue for the quarter still exceeded analysts’ expectations. ALBEMARLE – The chemicals maker fell 3% after Deutsche Bank downgraded it to a hold rating. Analyst Corinne Blanchard cited the need to take a more cautious view of the lithium industry in the near-to-medium term due to price volatility. T. Rowe Price – Shares of the investment management company rose 2.5% after announcing initial assets under management of $1.45 trillion by Dec. 31, 2023. This was higher than its figure of $1.394 trillion for November 30. Paramount, Warner Bros. Discovery – The entertainment companies lost 5.5% and 4.2%, respectively, following downgrades from Redburn Atlantic. Analyst Hamilton Faber downgraded Paramount to a sell rating, citing “material deterioration”, while he justified lowering Warner Bros. Discovery’s rating to neutral with a “negative tipping point” in advertising. Seagate Technology – Shares of Seagate fell 3.5% after BNP Paribas downgraded the data storage company to an underperform rating from neutral. Analyst Carl Ackerman cited the stock’s valuation as the reason for the downgrade. Alliant Energy – The utility stock declined 3% after BMO Capital Markets downgraded it from Market Perform to Outperform. While the company likes the long-term story and fundamentals, it said there are better risk-adjusted opportunities elsewhere. — CNBC’s Michelle Fox, Alexander Herring, Hakyung Kim, Yun Lee, Tanaya Machel and Samantha Subin contributed reporting.