Here are the stocks making headlines in midday trading. Rockwell Automation — The manufacturing giant rallied 10% on the back of better-than-expected results for its fiscal second quarter. Rockwell earned $3.30 per share, after adjustments, on revenue of $2.24 billion. Analysts expected a profit of $2.88 per share on revenue of $2.16 billion. The company also lifted its fiscal 2026 profit outlook. Huntington Ingalls — Shares of the shipbuilding company dropped 11%. The company reaffirmed its free cash flow projections for the full year, calling for $500 million to $600 million, versus the FactSet consensus forecast of $569.7 million. Huntington Ingalls beat expectations on the top and bottom lines in the first quarter. Fiserv — The financial technology provider tumbled 9% after first-quarter earnings per share declined 29% from the same period a year ago, while revenue dropped 2%. Bullish — Shares of the crypto exchange Bullish surged about 12% after it announced plans to buy transfer agent Equiniti in a deal valued at $4.2 billion . The deal gives crypto platform access to a regulated transfer agent, which is responsible for maintaining records of registered shareholders for stock-issuing companies, strengthening its operations. Shopify — The maker of e-commerce tools slid almost 15% after saying it expects second-quarter revenue growth to slow to a "high-twenties percentage rate" from 34% in the first quarter, and gross profit dollars to expand at a mid-twenties percentage rate, down from more than 32% in the first quarter. DuPont — Shares of the chemicals company jumped nearly 8%. DuPont lifted its full-year guidance, calling for adjusted earnings of $2.35 to $2.40 per share on revenue of $7.16 billion to $7.22 billion. First-quarter adjusted earnings and revenue surpassed the FactSet consensus. DuPont also announced a $275 million accelerated share repurchase program. Cytokinetics — The biopharmaceutical stock surged 17% on the back of positive results from its Phase 3 trial of its drug aficamten, a treatment for patients with non-obstructive hypertrophic cardiomyopathy. The study met key endpoints, showing symptom improvement for patients. Coinbase — Shares of the crypto trading platform fell more than 3%. Coinbase announced that it would cut its staff by 14% , pointing to artificial intelligence as a driver behind the decision. "We need to return to the speed and focus of our startup founding, with AI at our core," Coinbase CEO Brian Armstrong said in a memo to employees. Advanced Micro Devices — The chipmaker added 4% ahead of its quarterly earnings report due in the afternoon as traders banked on solid data center growth. Analysts polled by LSEG see earnings of $1.29 per share on revenue of $9.89 billion. PayPal — Shares dropped almost 9% after The Wall Street Journal reported that the company would slash 20% of its staff. PayPal also issued disappointing guidance for current quarter, calling for adjusted earnings to decline about 9% year over year, compared with the FactSet consensus call for a 4.3% decline. Anheuser-Busch InBev — The Budweiser parent surged 9% after the company reported a quarterly earnings and revenue beat. Anheuser-Busch earned 97 cents per share, on an adjusted basis, on revenue of $15.27 billion. Analysts expected a profit of 89 cents per share on revenue of $14.87 billion, per LSEG. Intel — Shares gained 13% after a Bloomberg report , citing sources, said Apple has held early-stage talks with Intel about using the company's chipmaking services. The report said the iPhone maker has also had exploratory talks with Samsung Electronics. Shares of Micron Technology added about 11% in sympathy. Pinterest — The image-sharing platform popped almost 9%. Revenue guidance for the second quarter came in at $1.13 billion to $1.15 billion, topping the $1.11 billion expected by analysts. First-quarter results also surpassed LSEG consensus estimates, with adjusted earnings landing at 27 cents per share and revenue of $1.01 billion. Palantir — Shares slid nearly 7% even though the company's first-quarter results surpassed estimates. Adjusted earnings of 33 cents per share beat the 28 cents a share analysts had penciled in, per LSEG. Palantir's $1.63 billion revenue also came in above expectations of $1.54 billion. Paramount Skydance — The entertainment stock fell 3%. Paramount Skydance reaffirmed full-year guidance, calling for adjusted EBITDA of $3.80 billion, versus the FactSet consensus call for $3.61 billion. First-quarter results surpassed analysts' expectations on the top and bottom lines, however. Waters Corp — Shares rose more than 12% after the lab equipment maker posted adjusted earnings per share of $2.70, topping FactSet's consensus of $2.31 per share. The company also exceeded expectations on revenue, with $1.27 billion exceeding a forecast of $1.20 billion. The company increased guidance for its full-year outlook as well. Duolingo — The maker of the language learning app dropped 9% after it reported monthly active users that were below estimates for the first quarter. Duolingo said it saw 137.8 million active users, below the 145.6 million sought by analysts, according to StreetAccount. It expects second-quarter bookings of $284 million, disappointing the $295 million expected by the Street. Diamondback Energy — The oil and gas stock slipped 2%, even after the company posted a first-quarter adjusted earnings and adjusted EBITDA beat. Diamondback also announced that its board had approved a 5% increase to the company's base cash dividend. The stock is up nearly 40% this year. Sonos — Shares dropped 6% after the maker of audio products guided for third-quarter revenue of $355 million to $375 million, versus the $362.2 million expected by analysts polled by FactSet. Firefly Aerospace — The aerospace and defense company fell about 5%. Firefly reaffirmed its revenue guidance for the full year, calling for $420 million to $450 million, versus the FactSet consensus estimate of $432.4 million. Fabrinet — The precision optical company tumbled 6%. Revenue guidance for the fourth quarter disappointed the Street, ranging from $1.25 billion to $1.29 billion, while the FactSet consensus sought $1.26 billion. The outlook overshadowed a beat on the top and bottom lines for the third quarter. IAC — Shares of the digital brands holding company now known as People Inc roughly 7%. IAC lowered its adjusted EBITDA guidance for 2026 to between $210 million to $260 million, which also came below FactSet's $278.4 million estimate. Previously, it had anticipated between $260 million to $335 million. The company also now sees its full-year operating income coming in between $10 million to $80 million, versus prior estimates of $95 million to $190 million and below the $126.1 million analysts had penciled in, according to FactSet. — CNBC's Lisa Kailai Han, Fred Imbert, Scott Schnipper, Tanaya Macheel, Darla Mercado and Nick Wells contributed reporting Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds - from financial professionals to everyday individuals - come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you're starting from, you'll leave with clearer thinking, stronger strategies. Enter your email here to get a discount code.
