Stocks making the biggest moves midday: Sandisk, Intel, Enphase Energy, Accenture, Exxon Mobil & more

CNBC Top News ·

Stocks making the biggest moves midday: Sandisk, Intel, Enphase Energy, Accenture, Exxon Mobil & more

Here are the companies making headlines in midday trading. Enphase Energy — Shares of the global energy technology company jumped 10%. …

Here are the companies making headlines in midday trading. Enphase Energy — Shares of the global energy technology company jumped 10%. Enphase announced that it began production shipments of its IQ9S microinverters. Barclays also upgraded the stock to equal weight from underweight. Artificial intelligence plays — Investors flocked to stocks tied to AI and data center infrastructure. Corning advanced 7%, while Credo Technology added 5%. Photonics company Coherent jumped 4%, and Applied Digital added more than 2%. Energy stocks — The energy sector of the S & P 500 slid nearly 2% after President Donald Trump signed a deal with Iranian president Masoud Pezeshkian to end the war in the Middle East. West Texas Intermediate futures for July delivery fell as low as $73.58 per barrel, the lowest level since early March. ConocoPhillips and Occidental Petroleum each dropped about 3%, while Exxon Mobil and Chevron lost more than 2%. Kroger — The grocer tumbled more than 6% after reporting $1.58 in first-quarter earnings per share, excluding items, while analysts polled by FactSet anticipated $1.59 a share. However, Kroger posted $46.12 billion in revenue for the quarter, exceeding Wall Street's forecast for $45.59 billion. Steel Dynamics — The steel producer dropped 7% after sharing current-quarter earnings guidance that disappointed Wall Street. Steel Dynamics sees second-quarter earnings in a range of $3.51 to $3.55 per share, while the FactSet consensus called for $4.16 a share. …

Original source: CNBC Top News

Mentioned

Delta Airlines · United Airlines · Royal Caribbean · American Airlines · Micron Technology · West Texas Intermediate