Warner Bros Discovery – shares rose 7% after Warner said they would be split into two public companies by next year. One company hosts WBD’s streaming services and movie properties, while the other includes cable networks such as CNN and TNT Sports. Universal Health Services – Hospital operators have fallen more than 6% after Chief Financial Officer Steve Filton told a meeting that procedural volumes are “slower to return to historic levels than we had imagined.” He also raised concerns about how President Donald Trump’s spending bill will evolve as it passes the Senate and what it means for the hospital industry, according to the FactSet transcript. Topgolf Callaway Brands – Golf equipment inventory rose 8% following Adebayo Ogunlesi’s disclosure that Adebayo Ogunlesi bought 383,700 shares on Friday. Following the trading, Ogunlesi owns 512,600 shares. Quaker Chemical – The metalworking fluid company doing business as Quaker Houghton has jumped 10%. On Monday, Jeffries upgraded its shares and bought it from holds, rising more than 33% behind improved steel demand conditions and increased infrastructure spending. ECHOSTAR – The Wall Street Journal cites familiar people and reported that after the Wall Street Journal, the stock fell 6%, and that the telecommunications company is considering filing for bankruptcy under Chapter 11. The company is seeking to protect the wireless spectrum license under review by the Federal Communications Commission, the report said. Apple – iPhone makers shares slightly outperform the global developer conference, which the company closely monitors in Cupertino, California. Investors will begin at 1pm on Apple’s progress on Apple Intelligence and its response to the Generative Artificial Intelligence model. Apple’s stocks have lagged behind the market, falling 18% so far. Robinhood, Applovin – Shares in Robinhood and Applovin fell 5% and 4% respectively after neither name was added to the S&P 500 on Friday. Both companies were considered candidates that could be included in the index. Robin Hood surged more than 13% last week leading up to the rebalancing announcement, while Applovin has made its way forward by more than 6%. Intuitive Surgical – Surgical Products Maker slipped 7% right after Deutsche Bank downgrade to sell from Hold. Germany said the company’s competitive moat is at risk. IONQ – Quantum Computing Stock rose 2% after it announced it had agreed to acquire Oxford Ionics in a deal worth $1.075 billion in cash and stock. The deal is expected to close in 2025. Circle – Stablecoin issuer’s stock rose 10%, continuing its initial public offering surge. Circle’s shares are currently 300% above its IPO price of $31 per share. McDonald’s – Fast food chain stock slipped nearly 2% on Morgan Stanley downgrade heels, and went from being overweight to equal weight. Morgan Stanley said the company is not insulated from pressure on the fast food sector. Moelis & Co. – Stocks were over 1% lower. On Monday, the Wall Street Journal reported that CEO Ken Morris plans to step down from his role in investment banking. He said in an interview that he is expected to become an effective executive chairman on October 1st. Aon – The professional services company’s shares slipped 4% after Aon reaffirmed its year-round guidance on Monday’s Investor Day. – Reported by CNBC’s Sean Conlon, Lisa Han, Alex Hurling, Michelle Fox, Christina Cheddar Burke and Jesse Pound.
Noon stock making the biggest move: WBD, MODG, SAT, AAPL
