economy
Stocks making the biggest moves midday: Sandisk, Intel, Enphase Energy, Accenture, Exxon Mobil & more
Here are the companies making headlines in midday trading.
TL;DR
- Enphase Energy shares jumped 10% following production shipments of its IQ9S microinverters and a Barclays upgrade.
- AI and data center infrastructure stocks like Corning, Credo Technology, Coherent, and Applied Digital advanced.
- Energy stocks fell nearly 2% due to a Middle East war end deal, with WTI futures dropping and companies like ConocoPhillips and Exxon Mobil declining.
- Kroger tumbled over 6% despite exceeding revenue forecasts, as earnings per share fell short of analyst expectations.
- Steel Dynamics dropped 7% after issuing second-quarter earnings guidance below Wall Street's consensus.
- Intel soared 10% after President Trump announced a potential chip design and manufacturing deal with Apple in the U.S.
- Chip stocks, including Marvell Technology, Lam Research, and Applied Materials, rose following Intel's announcement.
- Memory stocks like Western Digital, Micron Technology, and Sandisk also moved higher.
- Pfizer fell around 3% as its CFO announced his upcoming departure.
- SpaceX shed almost 10% after a recent decline, following a significant post-IPO climb.
- Accenture tumbled 17% after agreeing to acquire several cybersecurity companies for approximately $4.175 billion.
- Cruise operators like Carnival and Royal Caribbean, along with airlines such as United Airlines and Delta Air Lines, gained on falling oil prices.
- Smith & Wesson jumped about 20% after reporting earnings and revenue beats, driven by a 23% increase in handgun sales.