Check out the companies that make headlines before the bell. JPMorgan Chase – Stocks fell less than 1% in the stock market after banks posted second quarter earnings that beat analyst expectations. Investment banking and transaction revenues have driven stronger numbers than expected. Wells Fargo – Stocks fell 3% on the market 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 – Shares added to under 1% 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 slipped around 3% 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. CoreWeave – The AI cloud computing company’s shares rose more than 7% after committing to spending $6 billion on a new AI 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. LM Ericsson – Swedish telecommunications stocks slipped 2% after reporting second quarter revenues for SEK56.10b. According to Factset, this is below the consensus of SEK59.29B analysts. Shares fell less than 1% after the bank reported second-quarter adjusted earnings of $1.94 per share, more than $1.76 analysts expected by $1.76 per share, according to Bank of New York Mellon – LSEG. The company’s $5.03 billion revenues also surpassed forecasts. Albertsons – The supermarket chain rose slightly after reporting narrow first quarter revenue and revenue beats. The company also reaffirmed its full-year adjusted revenue guidance from $2.03 to $2.16 per share, against the fact set consensus estimate of $2.11. State Street – The stock slipped nearly 2% 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 increased Micro Devices, Broadcom and Micron technologies, which increased by 5%, 1% and 2% respectively. Trade Desk – Stocks skyrocketed 14% 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. Solaredge Technologies, Enphase Energy – Sun stock fell nearly 2% in pre-commerce trading after JPMorgan downgraded its company’s stock from overweight. The Wall Street company said it is looking for signs of a stronger market share increase than expected and increased margins to add to its position. The stock has recently been featured in the Monster Rally, with over 110% in the past three months and has grown by more than 96% to date. Enphase Energy stock fell 2% after receiving a downgrade from overweight to neutral as well. National Fuel Gas – Stocks purchased from Under Performance, up 4% shortly after the Bank of America double upgrade. Bank of America said the energy companies have increased productivity. – Reported by CNBC’s Brian Evans, Alex Hurling, Fred Inbert, Yun Lee and Jesse Pound.
Stock localities making the biggest move: NVDA, TTD, BLK, WFC
