Stocks making the biggest moves midday: American Airlines, Coherent, SLB, Tesla & more
Here are some of the companies making headlines in midday trading. Data center infrastructure — Investors backed away from shares of companies involved in the data center infrastructure industry as concern continued around hyperscaler spending on artificial intelligence. Specialty glass and fiber company Corning lost 3%, while photonics plays Coherent and Lumentum dropped roughly 7% each. GE Vernova , Eaton and the Defiance AI & Power Infrastructure ETF (AIPO) were all down more than 1%. Tesla — Elon Musk’s electric vehicle company slid for a third day, dropping more than 3% on Friday. Tesla is heading for a nearly 19% decline on the week. The stock tanked almost 15% Thursday after signaling higher spending on artificial intelligence. Booz Allen Hamilton — Shares of the defense contractor popped 12% after Booz Allen posted fiscal first-quarter earnings that surpassed estimates. Adjusted earnings came in at $1.81 per share, while the FactSet consensus was $1.48 per share. The consultant also reaffirmed its fiscal-year outlook. Digital Realty Trust — The data center-focused real estate owner surged 15% after reporting big earnings and revenue beats for the second quarter. The REIT also hiked its full-year earnings guidance. CEO Andy Power said the results reflect “robust customer demand and strong execution across our core pillars of growth.” Travel stocks — The group rose as oil prices slid following a report that Pakistan was pushing for renewed talks between the U.S. and Iran with China’s support. Cruise operators Carnival and Norwegian were both up more than 5%. American and United Airlines rose 6.9% and 4.3%, respectively. C.H. Robinson Worldwide — Shares of the transport company tumbled 8%. A jury in Dallas County, Texas issued an advisory verdict against C.H. Robinson and two other defendants related to a trucking accident that involved an independent motor carrier, according to a regulatory filing . The verdict awarded $604 million in compensatory damages. C.H. Robinson said it disagrees with the verdict and plans to appeal. Software companies — Traders snapped up shares of software companies, driving up the iShares Expanded Tech-Software Sector ETF (IGV) by 1%. Adobe and ServiceNow added more than 5%, while Workday gained more than 4%. Salesforce advanced nearly 4%. Intel — The chipmaker erased earlier gains and dropped 4%. Intel just reported its sharpest quarterly revenue growth in nearly 15 years . The company’s top line clocked in at $16.1 billion for Q2, 25% above the year-earlier period. Adjusted earnings per share of 42 cents per share also beat analyst expectations. Robert Half — Shares fell almost 6% after the staffing and exec search company reported underwhelming second quarter results. Robert Half earned 26 cents per share, matching a FactSet forecast. Revenue of $1.34 billion was just above the $1.32 billion consensus. MaxLinear — Shares tumbled 20% despite the company reporting better-than-expected results in its second-quarter earnings report, and delivering current quarter guidance above estimates. The stock was up more than 400% in 2026 heading into the company’s earnings report. Boston Beer – The maker of Twisted Tea added 2%. Second quarter revenue of $568.3 million narrowly beat the FactSet consensus call of $566.7 million. Boston Beer also reaffirmed its full-year earnings guidance of $8.50 to $10.50 per share, versus the consensus estimate of $9.38. Tenet Healthcare — The healthcare services company rose more than 16% after reporting adjusted earnings of $6.12 per share in its second-quarter. Analysts polled by FactSet were expecting earnings of $4.26 per share. Revenue also beat expectations, and full-year guidance also came in above estimates. American Express — Shares dipped 5% after the credit card issuer reported a revenue miss in the second quarter. American Express delivered $19.64 billion in revenue, but analysts polled by LSEG expected revenue of $19.71 billion. Earnings for the quarter, however, came in above expectations. SAP — The German software company rose 8% after reporting cloud backlog grew by 27% year over year to 22.9 billion euros in the second quarter. Revenue of 9.88 billion euros was also just above an LSEG forecast of 9.86 billion euros. SLB — The energy services company rose 10% after delivering an earnings and revenue beat in the second quarter. SLB said that the quarter marked a return to year-over-year revenue growth as customers focused more on energy security and expanding production capacity. Charter Communications — Shares fell about 3% after second-quarter adjusted EBITDA came in below estimates.Free cash flow also missed expectations, while the company reaffirmed its capital expenditures outlook through fiscal 2029. Verizon Communications — The telecommunications company rose 3% after a mixed earnings report. Verizon reported an earnings beat but a revenue miss in the second quarter, though full-year guidance came in above expectations. — CNBC’s Fred Imbert, Nick Wells and Darla Mercado contributed reporting.
