Bell: Check out the companies that make headlines before Netflix. Stocks fell 2% after Netflix warned that its operating profit margin for the second half of 2025 would be lower than the first half due to higher content amortization and higher sales and marketing costs. Otherwise, streaming companies hit the top and bottom lines. Chevron, Hess – Chevron’s shares rose 3%, while Hess jumped over 7%. The move comes after Chevron beat Exxon Mobil in a dispute over Hess’ offshore oil assets in the Guyana countries of South America. This clears the path for Chevron to complete Hess’ $53 billion acquisition. Sarepta Therapeutics – Biocentury, a trade news and data provider, reported that a patient died after receiving treatment during a phase 1 study, biopharmaceutical inventory fell 24%. A Salepta spokesman told Biocentury that the death was due to acute hepatotoxicity. Union Pacific, Norfolk Southern – Shares in Union Pacific and Norfolk Southern rose 0.4% and approximately 4% respectively. The move came after the Wall Street Journal, citing familiar people, and reported that railroad operator Union Pacific is investigating its deal with Norfolk Southern. Industrial inventory rose 2% after 3M – 3M posted second-quarter adjusted earnings at $2.16 per share. We expect analysts estimated $2.01 per share voted by LSEG. Revenue of $3 million, $6.16 billion, also exceeded the forecast of $6.1 billion. Additionally, the company has increased its annual sales growth guidance from 0.5% to 2.5%. American Express – The stock rose 1% after the company’s second quarter earnings results were beaten on top and bottom lines. American Express surpassed its adjusted earnings of $4.08 per share with revenue of $17.86 billion, surpassing earnings per share of $3.89, exceeding the revenues predicted by analysts voted by Factset. Interactive Brokers – Shares rose 5% after interactive brokers reported second quarter results and then beat top and bottom estimates. The online brokerage recorded an adjusted earnings of 51 cents per share against revenues of $1.48 billion. Analysts voted by LSEG had expected a profit of 46 cents per share against revenue of $1.36 billion. Schlumberger – Shares rose 1% after oil field services firm reported better than expected second-quarter results. Schlumberger recorded an adjusted earnings of 74 cents per share. Revenue of $8.55 billion also surpassed the consensus estimate of $8.5 billion. Charles Schwab – Stocks of the brokerage rose 2% after the second quarter results beat expectations on the top and bottom lines. Charles Schwab reported adjusted earnings of $1.14 per share with revenue of $5.855 billion. According to Factset, analysts were looking for $1.10 per share and $5.73 billion in revenue. The company also said that opening accounts at new brokerages rose 11% year-on-year. Crypto Stocks – The stocks of companies serving crypto traders rose six months later, as ether prices jumped to the highest level, with Stablecoin issuer circle adding 2% and Robinhood increasing by 3%. The Galaxy Digital spins 9%. The Bitmine Immersion, an ether accumulator, has climbed nearly 10%. Huntington Bank Share – Shares rose slightly after the bank holding company posted second-quarter earnings of 34 cents per share. Net interest income of $1.47 billion also exceeded $1.46 billion. Western Alliance – Stocks fell 2% after Western Alliance Bancorp said it would unify all sectors under one brand. Net interest for the second quarter was 3.53% versus a 3.55% fact set consensus estimate. Regional banks won second quarter revenue, revenue and net interest expectations, according to FactSet Consensus estimates. – Reported by CNBC’s Sean Conlon, Lisa Han, Alex Hurling, Tanaya Machell and Jesse Pound.
Stock localities making the biggest move: NFLX, AXP, CVX, SRPT
