ORCL, AAPL, MTSR, COMP, KVUE and more
Check out the companies making headlines in midday trading : Better Home & Finance Holding — The mortgage lender briefly soared as much as 176% Monday after hedge fund manager Eric Jackson in a social media post on X called Better Home “the Shopify of mortgages” and said the company is rebuilding a $15 trillion industry from scratch using artificial intelligence. Oracle — The software company’s stock rose nearly 5% after it named Clay Magouyrk, president of Oracle’s cloud infrastructure business, and Mike Sicilia, preside of Oracle Industries, as chief executive officers . The pair replace Safra Catz, who will shift to a new role as executive vice chair. Molson Coors — The brewer fell 2% after it named Rahul Goyal as its CEO . Goyal replaces Gavin Hattersley, who retires this year. Apple — The tech giant’s stock jumped around 4% on reports of strong demand for the iPhone 17 in its first weekend of sales. According to reports, the company is benefiting from consumers wanting to replace aging devices. Nvidia — The chipmaker’s stock rose more than 3% after it announced plans to invest $100 billion in OpenAI. Teradyne — The stock jumped 10% after Susquehanna raised its price target to $200 from $133. Analyst Mehdi Hosseini said Teradyne is gaining traction with its Taiwan Semiconductor collaboration for GPU wafer sort testing, and it’s not reflected in the stock’s price. Coinbase , Strategy — With the price of bitcoin down more than 2%, shares of stocks tied to the cryptocurrency were falling. Crypto exchange Coinbase shed 3%, while bitcoin treasury company Strategy was down more than 2%. Steven Madden — The shoemaker’s stock rose 5% after receiving an upgrade from Piper Sandler to overweight from neutral. The firm cited tariff relief, fast inventory turns and the potential for margin upside, for its new stance. Metsera , Pfizer — The weight-loss drugmaker soared more than 60% after an announcement it would be bought by Pfizer for $4.9 billion in cash. The deal is expected to close in the fourth quarter. Pfizer shares ticked nearly 2% higher. Anywhere Real Estate , Compass — Brokerage giant Compass plans to take over rival Anywhere Real Estate, the parent of Century 21 and Coldwell Banker, for $1.6 billion in an all-stock transaction. The combined company is expected to have an enterprise value of about $10 billion, including the assumption of debt. Anywhere shares shot up more than 50%, while Compass shares tumbled more than 11%. Sarepta Therapeutics — The biotech company climbed almost 11% after an upgrade to outperform by BMO, which also called for the stock to more than double. “SRPT’s current valuation renders its risk/reward skewed to the upside,” the investment bank said. Kenvue — The Tylenol maker fell 7% after the Washington Post reported the Trump administration plans to announce Monday that use of the painkiller by pregnant women is linked to autism. Fox Corp . — President Donald Trump said in a Sunday interview that conservative media baron Rupert Murdoch and his son Lachlan, the chief executive of Fox Corp., are likely to be involved in the deal to save TikTok in the U.S . Fox Corp shares gained about 1%. Applied Materials — Shares gained more than 3% after a Morgan Stanley upgrade to overweight from equal weight. The investment bank noted that the chipmaker trades at an attractive valuation relative to peers. — CNBC’s Yun Li, Alex Harring, Fred Imbert, Michelle Fox and Scott Schnipper contributed reporting.
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