Check out the companies that are trending in intraday trading: Disney — Media stocks surged 6% on better-than-expected earnings and guidance, helped by growth in its streaming business. The company said it expects adjusted earnings growth to be in the low single digits for fiscal 2025. Capri, Tapestry — Both luxury apparel stocks rose after the companies scrapped a planned merger, citing regulatory hurdles. Tapestry shares rose nearly 13%, while Capri rose 4.4%. Hims & Hers Health — The telehealth stock fell 24% after Amazon announced that Prime users can now access fixed-price treatments for conditions such as hair loss in men. This service puts the company in direct competition with Hims & Hers Health. Supermicrocomputer — Artificial Intelligence Server stock fell more than 11%, heading for a fifth straight loss. The company announced this week that it had postponed filing its report for the period ending September 30. The stock is down 22% since the beginning of the week and 34% since the beginning of November. ASML Holding — Shares soared about 3% after the Dutch semiconductor equipment maker maintained its 2030 target at its 2024 investor day, driven by AI and other key industry trends. Cisco Systems — Cybersecurity stock fell 2.1%. The company beat Wall Street’s quarterly expectations and raised its full-year outlook, but it posted its fourth consecutive quarter of declining revenue. Last quarter’s revenue was down 6% year over year. Charles Schwab — The brokerage’s stock rose 2.5%. Charles Schwab said total customer assets reached $9.85 trillion in October, up 39% from a year ago. NORFOLK SOUTHERN — Shares in the rail operator fell 1.7% after reaching a settlement with activist Ancora to avoid a proxy fight. American Airlines — Airline stocks rose nearly 2% after Barclays upgraded the stock from underweight to equal weight, citing improved travel and credit card deals. Campbell Soup — Shares rose 0.4% after Piper Sandler upgraded the company to an overweight rating, citing promising growth prospects thanks to the company’s recent acquisition of sauce maker Lao’s. did. Ibotta — Shares of the digital rewards platform fell more than 12% after disappointing fourth-quarter guidance. Ibotta said it expects fourth-quarter revenue to be in the range of $100 million to $106 million, compared to FactSet’s forecast of $110.3 million. CNH Industrial — The stock rose more than 6% after Greenlight Capital’s David Einhorn revealed on CNBC’s Delivering Alpha conference that he had taken a mid-sized position in the agricultural machinery company. Advance Auto Parts — The auto parts provider rose 0.6% after announcing plans to close more than 500 corporate stores and 200 stand-alone stores. The company also plans to close four distribution centers. —CNBC’s Jesse Pound, Pia Shin, Alex Harring, Ha-Kyung Kim and Sean Conlon contributed reporting.
Stocks with the biggest price movements at midday: TPR, CPRI, DIS
