Check out the companies making headlines in midday trading. Tesla – Shares fell about 3.5% after the electric car company failed to meet third-quarter delivery estimates. Deliveries came to 462,890, versus the FactSet estimate of 463,310. Nike – The athletic apparel and footwear stock lost nearly 7% after Nike withdrew its full-year guidance and postponed its investor day, originally scheduled for November, due to an impending change in CEO. However, the company reported fiscal first-quarter earnings and revenue that exceeded Wall Street estimates. Humana – The healthcare stock fell nearly 12% in the wake of preliminary Medicare Advantage data for 2025. Humana said in an 8-K filing that 25% of its total members are currently enrolled in plans rated 4 stars and above for next year. This is down from 94% in 2024. The company also said it is “exploring all available options to mitigate the expected revenue headwinds for 2026.” Chinese Stocks – Chinese stocks continued to rise on the back of comprehensive stimulus measures in the country. JD.com stock rose more than 4%, rising for the fifth straight day. Another e-commerce name PDD emerged at about 5%. Overseas exchange-traded funds that track Chinese stocks rose, including a 6% gain for the KraneShares CSI China Internet ETF (KWEB), even as mainland markets closed for a week-long holiday. Harley-Davidson – The stock fell 4.1% after its rating was downgraded to Neutral from Buy at Bird. The company said it sees risks to the motorcycle maker's third-quarter outlook after dealers reported weak retail activity, increased inventory and sour sentiment. Lamb Weston Holdings – Shares of the French fries giant rose more than 2% after its fiscal first quarter beat estimates. Lamb Weston reported earnings of 73 cents per share on revenue of $1.65 billion. Analysts surveyed by LSEG expected earnings of 72 cents per share and revenue of $1.56 billion. Lamb Weston warned of weak demand but announced spending cuts to improve cash flow. Diamondback Energy – Shares rose more than 2% after Barclays upgraded the energy company to overweight from equal weight, citing a $26 billion merger agreement with Endeavor Energy Resources. Conagra Brands – The packaged food company sank 8% on disappointing first-quarter financial results. Earnings per share came in 7 cents below estimates. The company reported revenue of $2.79 billion, versus a FactSet estimate of $2.84 billion. — CNBC's Lisa Hahn, Yun Li, Jessie Pound, Michelle Fox and Sean Conlon contributed reporting.
Trending
- Amazon is betting big on selling cashless technology to third-party retailers
- Virtus fund manager says Fed rate cuts should favor preferred stocks
- Blue Origin CEO Dave Limb is calling attention to Jeff Bezos' space company
- Elon Musk's conspiracies about helping Helen draw rebuke from Buttigieg
- Ben Horowitz says he plans to donate to VP Kamala Harris' campaign
- Domino's CPI, Delta and earnings data
- Rivian lowers production expectations and misses third-quarter delivery expectations
- Zillow adds climate risk data to home listings
Stocks making the biggest moves at midday: TSLA, NKE, HUM
