Check out the companies making the biggest move at noon: Steven Madden – The fashion footwear company jumped over 6% after City upgraded its stock to buy from neutral. The Wall Street company said the market underestimates the acquisition of UK-based Kurtgeiger, while a positive shift towards something away from dress shoes and sneakers should benefit its core business. Lucid Group – Electric car manufacturer stocks skyrocketed 36%. The rally showed at least 20,000 clear cars will be rolled out over the next six years using Nuro Driver Technology via Uber’s ride-sharing platform after a press release on Thursday morning. Evelance Health – The stock grabbed 12% after health insurance providers posted second-quarter earnings of $8.84 per share, while analysts voted by LSEG were expecting $8.95 per share. However, the company’s $49.42 billion revenue exceeded its expectations of $48.233 billion. Monarch Casino & Resort – Game inventory surged 20% after Monarch reported net profits jumping year-over-year in the second quarter. Earnings per share of $1.44 exceeds the $1.20 fact set consensus expected by analysts. Casino revenue also increased by 12.1% from the previous year. Sonic Automotive, Group 1 Automotive – After being downgraded by JPMorgan, automotive retailers fell by 10% and 8.6% respectively. The bank reduced Sonic’s rating from overweight to underweight, moved Group 1 to neutral, noting that “there is little basic support for franchise dealers with ratings above the LT average.” Albemarle – The stock price rose 7% after the Chinese government ordered Zangge Mining to halt in the country’s Qinghai region and Zangge Mining, which has made lithium prices higher. PepsiCo – Snack and Beverage company rose 7% on both the top and bottom lines, following second quarter beats. Adjusted revenue was $2.12 per share against revenue of $22.73 billion. Analysts voted by LSEG had expected a profit of $2.03 per share against $222.8 billion in revenue. Taiwan Semiconductor Manufacturing – Chipmaker’s stock added 3% after the company’s second quarter profits rose 61% from the previous year, reaching a record high, breaking estimates. GE Aerospace – Jet Engine Maker stocks fell 2% despite a second-quarter outcome that beat expectations. GE Aerospace reported adjusted revenue of $10.15 billion, with $1.66 per share adjusted revenue. According to FactSet, analysts were expecting $1.43 and $95.9 billion per share. Ge Aerospace also raised annual guidance on some metrics. US Bancorp – Shares fell 1% after the bank’s second quarter net revenue reached $7 billion, with the exception of the expected $7.05 billion from analysts voted by LSEG. The net interest margin also missed expectations. CARS.COM – Following the upgrade at JPMorgan, stock in the online car marketplace rose 5%. The banks complained of growing new vehicle inventory and the fear of potentially exaggerated tariffs. TOAST – Payment Technology Company rose 3% after Deutsche Bank resumed stock compensation with buy ratings. The bank said toast has a strong value proposition, which will bring market share profits and long-term success. United Airlines – Stocks rose 3% with better earnings than expected. The company scored an adjusted $3.87 per share, breaking its LSEG estimate of $3.81 per share. However, the airline has issued disappointing revenue guidance for the whole year. Archer-Daniels-Midland – The shares of a food processing company that supplies high-fructose corn syrup have sunk almost 1% after President Donald Trump said Coca-Cola will be made from sugar cane. Coca-Cola did not commit to changes when asked by NBC News. Sarepta Therapeutics – Biotech stocks surged 19% after medical research and drug development companies fired about 500 workers, or 36% of the workforce, as part of their strategic restructuring plan. Salepta said the move could save approximately $120 million in annual cash costs reductions in 2026. Abbott Institute – Shares slipped 8% after the healthcare company’s third quarter guidance failed to meet Wall Street expectations. Abbott expects profits of $1.28 to $1.32 per share, compared to $1.34 per share, expected from analysts voted by FactSet. However, both adjusted revenue and revenue for the second quarter were forecast. Shake Shack – After Jeffries’ downgrade, stocks slipped 1%. The company believes the stock is burning with too much optimism about the trends in the same store in a short period. Fix: Previous versions incorrectly mislead PepsiCo’s estimated quarterly profit.
LCID, ELV, ALB, PEP, etc.
