WMT, DE, CRWD, MRNA & more
Check out some of the companies making the biggest moves midday: Walmart — The largest brick-and-mortar retailer in the nation tumbled 9%. Walmart second-quarter revenue topped estimates, but same-store sales grew 2.6%, short of the 3.5% expected by analysts polled by FactSet. Earnings per share guidance for the fiscal third quarter and full year also fell short of expectations. Deere – Shares of the tractor maker jumped almost 9% after Deere fiscal third quarter trounced estimates. The Illinois-based company earned $5.10 per share on revenue of $11 billion, versus the LSEG consensus estimate of $4.70 per share and $10.73 billion. Deere also lifted the lower end of its net income guidance for the full year, to $4.75 billion to $5 billion, compared to the FactSet consensus estimate for $4.88 billion. Webull – The online trading platform provider gained more than 4%. Second-quarter adjusted operating income totaled $62.6 million, above the $33.5 million analysts were estimating, according to FactSet. Revenue of $198.8 million also beat expectations of $183 million. Crypto stocks — Crypto-related stocks moved higher, following the surge in bitcoin and ether on President Donald Trump’s push for Congress to pass crypto-friendly legislation. Coinbase , Strategy and Circle Internet each gained about 8%, while Mara Holdings climbed 12% and American Bitcoin added 7%. Transocean — The offshore drilling service contractor rose 2% after signing a $300 million , two-year contract for an ultra-deepwater drillship with ONGC of India, with options out to 2031. Moderna — The biotechnology company that uses messenger RNA plunged 25% one day after soaring 177% on the back of promising late-stage trial results for a skin cancer vaccine. The trial showed the experimental vaccine, developed with Merck, in combination with Keytruda, met key goals in patients with high-risk or advanced melanoma whose detectable cancer had been completely removed through surgery. Nordson — Shares rose about 7% after the maker of equipment used to apply coatings and adhesives raised full-year guidance. Nordson now sees adjusted earnings of $11.80 to $12 a share, up from an earlier forecast of $11.30 to $11.80 per share. The outlook surpassed a FactSet consensus call for $11.60 a share. Advance Auto Parts — The auto parts provider slid 25% following mixed second-quarter results. Advance Auto Parts posted revenue of $2 billion, short of the $2.04 billion expected from analysts polled by LSEG, and same-store sales decline of 0.5% against an estimated gain of 1.4%, based on consensus analyst forecasts, according to FactSet. Coty — The cosmetic maker dropped 9% after reporting a larger quarterly loss than expected and calling fiscal 2027 a “transition year.” Coty lost an adjusted 2 cents per share in its fiscal fourth quarter, double the 1 cent loss expected by analysts polled by LSEG. Wolfspeed — The semiconductor components maker declined 15%. Quarterly revenue of $149.6 million fell short of FactSet’s $150 million consensus estimate. NetEase — U.S.-listed shares of the Chinese tech company lost 5% after quarterly earnings missed analyst estimates. CrowdStrike — The cybersecurity provider dropped 4% after Axios reported that chief technology officer Elia Zaitsev is leaving to start an AI-focused cyber venture fund called Cognition. — CNBC’s Darla Mercado contributed reporting.
