Here are the companies making headlines in midday trading. Intuit — The maker of TurboTax software saw shares tumble more than 3% after Reuters reported that Intuit will be slashing about 17% of its workforce, or roughly 3,000 employees. Hasbro — The toy company and maker of the "Magic: The Gathering" game saw shares drop more than 8%. Hasbro reaffirmed its call for full-year adjusted EBITDA of $1.40 billion to $1.45 billion, versus the FactSet consensus estimate of $1.44 billion. The company also said that during the second quarter of 2026, it began incurring costs related to a cybersecurity breach. AMC Entertainment — The movie theater stock and former meme darling jumped 13% after CEO Adam Aron disclosed the purchase of 250,000 shares, valued at about $344,000. He also took to social media platform X to post, "I have great confidence in AMC's future." Travel stocks — Shares of airlines and cruise operators rose as oil prices tumbled. West Texas Intermediate crude futures for July delivery fell more than 4%. In turn, shares of United Airlines jumped 9%, while Delta Air Lines ' advanced 8%. Carnival shares jumped about 7%, as did shares of Norwegian Cruise Lines . Toll Brothers — The stock added nearly 8% after the homebuilder reported fiscal second-quarter earnings of $2.72 per share, beating the $2.57 analysts polled by LSEG had expected. Toll Brothers' $2.51 billion revenue also came in above the forecast $2.42 billion. Target — The retailer's stock lost about 4%, reversing earlier gains. Target reiterated its full-year 2026 forecast for 20 basis points of operating margin expansion from the prior year. The company reported a beat on first-quarter numbers and hiked its full-year sales outlook. The company earned $1.71 per share on revenue of $25.44 billion. Analysts expected a profit of $1.46 per share on revenue of $24.64 billion, per LSEG. Cava — Shares popped 5% after the Mediterranean fast-casual chain hiked its adjusted EBITDA guidance for the full year to between $181 million to $191 million, versus its prior outlook of $176 million to $184 million. The company also reported first-quarter earnings of 20 cents per share on $438 million in revenue, beating the earnings of 18 cents and revenue of $411 million analysts had expected, per LSEG. Analog Devices — The semiconductor company's shares fell 6%. Free cash flow in the second quarter came in at $734 million, lower than the year-ago level of $1.09 billion. Headline numbers for the period surpassed expectations, with the company posting adjusted earnings of $3.09 per share. Analysts polled by FactSet estimated earnings of $2.88 per share. Analog Devices also delivered revenue above estimates. Chipmakers — After a breather following a rapid rally higher, semiconductor stocks rebounded with the iShares Semiconductor ETF (SOXX) up more than 4%. Shares of Marvell Technology and Intel rose more than 6%. Micron Technology 's stock advanced nearly 4%, while Qualcomm 's added 2%. Shares of Advanced Micro Devices gained 8%. Nvidia — Joining the chip rally was Nvidia's stock, which was up almost 2%. The world's most valuable company is set to report earnings after the bell Wednesday. Red Robin Gourmet Burgers — Shares surged 22% after the burger chain posted first-quarter adjusted earnings of 13 cents per share, while analyst polled by FactSet were expecting Red Robin to break even. The company's $378.3 million revenue also beat the anticipated $362.1 million. TJX Companies — The retailer saw shares jump 6% after it reported better-than-expected results in its first-quarter financial report. TJX delivered $1.19 in earnings per share and $14.32 billion in revenue. Analysts polled by FactSet expected earnings of $1.02 per share and revenue of $14.02 billion. The company, though, gave slightly weaker guidance for the current quarter. — CNBC's Lisa Kailai Han, Fred Imbert, Nick Wells and Darla Mercado 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.
