Check out the companies making headlines in the midday trading, where shares in the electric car maker jumped over 4% after Business Insider reported Tesla’s Robotaxi Service will debut in San Francisco this weekend. Despite the movement, Tesla stocks have fallen nearly 3% so far. Charter Communication – Cable Operator’s stock has fallen almost 17%, and is on track on the worst day of history after a disappointing result. Charter Communications lost 117,000 broadband and 80,000 video subscribers in the second quarter. The news is also hurting stocks of other cable providers. Comcast fell almost 5%, Altice fell about 9%, and Echostar slipped about 2%. Intel – Chipmaker’s shares fell more than 9% after Intel said it would cut Chip Factory Construction’s workforce and scale-back plans by 15% to stimulate its artificial intelligence strategy. The announcement came even as Intel broke its second-quarter revenue expectations. Centene – Managed Care providers rose 5% after posting quarterly mixed results reflecting declines in membership across Medicaid and Medicare operations. The CEO of Centene said the company was “disappointed” by its performance and “is urgent and focused to restore its revenue trajectory.” Centene stocks are down approximately 58% per year. NEWMONT – Gold Miner rose 6% after reporting second-quarter adjusted revenue of $1.43 per share against $5.32 billion in revenue. This led to the fact set consensus call of earnings of $1.16 per share and revenue of $4.85 billion. Newmont also said it was on track to generate a record $1.7 billion quarterly free cash flow and meet the 2025 guidance. Deckers Outdoor – Ugg Boots makers rose more than 13% after the first quarter fiscal quarter results beat Wall Street expectations. Deckers scored 93 cents per share with revenues of $965 million, while analysts voted by LSEG stacked pencils with revenues of 68 cents per share and $901 million. Deckers cited the flagship brand’s more sales than expected, as well as the popular Hoka athletic shoes and sandals. CARVANA – Online used car retailer added nearly 2% above performance on the back of the Oppenheimer upgrade. The investment bank said Carvana’s “business model is currently “humming,” generating meaningful cash,” and it has expanded the industry’s demand trends and capitalized it. Paramount – CBS TV owners didn’t slip below 1% after the Federal Communications Commission approved a $8 billion merger between Paramount and Skydance Media on Thursday. – CNBC’s Darla Mercado, Spencer Kimball, Pia Singh and Alex Harring contributed the report. Disclosure: Comcast is the parent company of NBCuniversal, which owns CNBC.
Noon stock making the biggest move: TSLA, INTC, deck, CHTR
