Noon: First Solar – Check out the companies that increase stocks in major domestic solar panel producers by 6%. Bloomberg News reported that the US Department of Commerce has launched an investigation into Section 232 on the import of drones and polysilicon used in solar panels. This move could be the predecessor of tariffs. This may be imposed on the goods under section 232 if it is considered a threat to national security. NEWMONT – Mining inventory fell 8% after Newmont revealed that CFO Karyn Ovelmen had left the company. JPMorgan Chase – Stocks fell less than 1% even after the bank posted second quarter revenues that beat analyst expectations. Investment banking and transaction revenues have driven stronger numbers than expected. Wells Fargo – Shares fell 5% after the company reduced its 2025 net profit guidance roughly along 2024 levels. Banks previously expected an increase of 1% to 3%. The forecast cuts overshadowed second-quarter profits that were better than expected. Citigroup – Stocks added 3% after the bank posted second quarter results that exceeded analyst expectations. Citigroup won $1.96 per share with revenues of $21.677 billion, while analysts voted by LSEG expected a profit of $1.60 with revenues of $20.98 billion. BLACKROCK – The world’s largest asset manager stock fell 5% after second quarter revenues missed Wall Street’s expectations. BlackRock reported revenue of $5.42 billion, with analysts surveyed by LSEG looking for $5.46 billion. The company also reported leaks from institutional clients, but BlackRock still saw net inflows in the second quarter. CoreWeave – The AI cloud computing company rose more than 8% after committing to spend $6 billion on a new artificial intelligence data center in Pennsylvania. This was just one of the announcements on Tuesday as part of a push by the Trump administration. Among them was a plan for Google to spend $25 billion on data centers and AI infrastructure. State Street – Stocks fell 4% after the bank reported second-quarter net interest income of $729 million, while FactSet analysts estimated $733.2 million. This shortage overshadowed the second quarter beat. NVIDIA – Shares rose 4% after the manufacturer of graphics processing units announced it would “soon” to sell H20 AI chips to China when it received a license from the US government. The Trump administration previously told the company in April that it would require a license to sell chips in China and would effectively cease sales. Fellows’ semiconductor chip stocks rose 6%, 2% and 1% respectively. Trade Desk – Stocks skyrocketed 9% after S&P Global announced that it was scheduled to join the S&P 500 as of Friday. It replaces software maker ANSYS, which Synopsys acquires in a $35 billion transaction. Both Applovin and Robinhood stocks went around 1% once again removed from the index. National Fuel Gas – Stocks purchased from Under Performance, up 6% shortly after the Bank of America double upgrade. Bank of America said the energy companies have increased productivity.
Noon stock making the biggest move: FSLR, NEM, WFC, NVDA
