Stocks making the biggest moves midday: Bumble, Dollar General, Signet Jewelers, Pinterest and more
Check out the companies making headlines in midday trading. Ferguson Enterprises — Shares surged 15% after the cooling solutions company reported third-quarter adjusted earnings of $2.50 per share, exceeding the $2.01 analysts had predicted, according to FactSet. Ferguson's $7.62 billion revenue was also above the $7.42 billion estimate. The company also slightly raised its full-year revenue growth guidance. Sitio Royalties — The mineral and royalty company soared 16% after agreeing to be acquired by Viper Energy , a subsidiary of Diamondback Energy. The deal, worth around $4.1 billion, is expected to close in the third quarter. Shares of Viper and Diamondback Energy both popped roughly 4%. EchoStar — The telecommunications stock slipped 6% after EchoStar disclosed in a regulatory filing that it would not make around $183 million in cash interest payments on a series of notes from its company Dish DBS. EchoStar said that this non-payment was made in light of recent uncertainty raised by the Federal Communications Commission. FactSet Research Systems — Shares slipped nearly 5% after the financial data provider announced that its board had appointed Sanoke Viswanathan as CEO. He will succeed Phil Snow in the role in early September. Signet Jewelers — Shares surged 10% after the world's largest diamond retailer reported an earnings and revenue beat. Signet's first-quarter adjusted earnings came in at $1.18 per share on revenue of $1.54 billion, beating the respective FactSet consensus estimates of $1.00 per share and $1.52 billion. Dollar General — Shares of the discount retailer jumped more than 14% after the company raised its full-year outlook and said its updated guidance assumes that current tariff rates will remain through mid-August. Dollar General also reported strong first-quarter earnings. The company posted earnings of $1.78 per share on revenue of $10.44 billion, while analysts polled by LSEG called for $1.48 per share and $10.31 billion. Hims & Hers Health — Shares shed about 2%. On Tuesday, the telehealth platform announced its acquisition of European counterpart Zava . The deal will boost Hims & Hers Health's active customer base by about 50%. Constellation Energy — The energy giant added 1% on news that Meta Platforms entered a 20-year agreement to buy nuclear power from Constellation. Meta will purchase around 1.1 gigawatts of power from Constellation's Clinton Clean Energy in Illinois beginning in 2027. Shares of Vistra and NRG Energy popped 5% and 1% in tandem. Bumble — The dating app's stock lost 4% on the back of JPMorgan's downgrade to underweight from neutral. JPMorgan said Bumble is losing market share to Hinge, a competitor. Pinterest — Shares added 4% after JPMorgan upgraded the social media platform to overweight from neutral . The bank said that Pinterest has made progress on improving its monetization and adding new users. Credo Technology — Shares soared 17% after the high-speed connectivity product developer reported it had seen stronger-than-expected demand from hyperscalers. Credo also guided for fiscal first-quarter revenue of between $185 million and $195 million, exceeding the $162.4 million analysts polled by FactSet had expected. Block — The fintech stock added more than 2% following an upgrade to outperform from in line from Evercore ISI. The firm wrote that it had turned more positive after speaking to Block's management about funding avenues across its lending portfolio. Parsons — Shares rallied 6% despite the defense technology company slashing its fiscal year 2025 revenue outlook. As a reason, Parsons cited reorganization within the State Department that has contributed to increased uncertainty around a confidential contract. — CNBC's Michelle Fox, Alex Harring and Pia Singh contributed reporting.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
Oil prices climb on fears Iran will blockade supplies
STORY: Oil prices climbed to their highest in five months on Monday as fears grew over what conflict in the Middle East could mean for supplies. Traders are waiting to see what Iran does next, after the U.S. struck its key nuclear facilities. Media reports say the country's parliament has approved a move to close the Strait of Hormuz. That's the narrow waterway between Iran and Oman, through which around a fifth of the world's oil is moved. Although there are also pipeline routes out of the region, experts say they won't be enough to make up for a halt to shipping. The concerns saw international benchmark Brent crude up around 1.5% in Asian morning trade Monday, with U.S. crude posting similar gains. Both are up 10% or more since the conflict began. One analyst told Reuters that a move by Iran to disrupt shipping could see oil hit $100 per barrel, up from around $78 now. That could spur inflation and mean higher gasoline prices around the world. Stock prices headed the other way on Monday, with Japan's Nikkei index down 0.5% early on. But analysts said there was no sign yet of panic selling across markets. Optimists cited hopes that regime change in Iran could bring a more moderate government to power. Though analysts at JPMorgan cautioned that past episodes of upheaval in the Middle East typically resulted in oil prices spiking by 76%.
Business Upturn
an hour ago
- Business Upturn
'Pogback' is trending on ‘X' as Paul Pogba set to join AS Monaco
Footballing master Paul Pogba is back and he is all set to join AS Monaco as the contract has been prepared and the negotiations have been done. By Ravi Kumar Jha Published on June 23, 2025, 08:36 IST Footballing master Paul Pogba is back and he is all set to join AS Monaco as the contract has been prepared and the negotiations have been done. The deal will be done and sealed soon as per Fabrizio Romano. The player who was banned for doping is now getting more than excited to be back on the field. Monaco showed greath enthusiasm in getting this deal over the line as there were few other clubs interested in the midfielder. French midfield maestro Paul Pogba is on the verge of making a sensational return to professional football, with a move to AS Monaco all but confirmed. According to transfer expert Fabrizio Romano, the contract has been prepared, negotiations are complete, and the deal is expected to be signed and sealed soon. Pogba, who was handed a lengthy ban due to a doping violation, has been away from the field since last year. However, the experienced player is now more motivated than ever to make a strong comeback and reignite his career. AS Monaco have shown great enthusiasm in securing Pogba's services despite competition from a few other clubs. The Ligue 1 side is eager to add the World Cup winner's experience and quality to their midfield as they look to strengthen for the upcoming season. With the ban reached it's conclusion, Pogba's return could be one of the most talked-about comebacks in European football. Ahmedabad Plane Crash AS MonacoChampions LeagueFootballJuventusLigue 1MonacoPaul PogbaPogback Ravi kumar jha is an undergraduate student in Bachelor of Arts in Multimedia and Mass Communication. A media enthusiast who has a strong hold on communication and he also has a genuine interest in sports. Ravi is currently working as a journalist at
Yahoo
3 hours ago
- Yahoo
Oil prices rise after US strikes on Iran with Strait of Hormuz status in focus
Oil futures rose on Sunday night after US strikes on Iran's three main nuclear sites intensified fears of a potential supply shock, amid the threat that Tehran could retaliate by closing a key maritime chokepoint. Brent crude (BZ=F), the international benchmark, gained as much as 5.7% before paring gains to trade near $79 per barrel. West Texas Intermediate (CL=F) futures also jumped more than 2% to trade north of $75 per barrel. Oil prices had already posted weekly gains on Friday following the outbreak of conflict between Israel and Iran more than a week ago. On Sunday, traders weighed possible retaliation moves from Iran, a major oil producer and exporter, following the US's direct involvement. According to state media, Iran's parliament voted to close the Strait of Hormuz. The final decision on whether to shut the vital waterway — which handles roughly 20% of global oil flows — rests with Iran's Supreme National Security Council and Supreme Leader Ayatollah Ali Khamenei. What Wall Street once viewed as a low-probability event is now being treated as a significantly heightened risk. "Should oil exports through the Strait of Hormuz be affected, we could easily see $100 oil," said Andy Lipow, president of Lipow Oil Associates. Following the outbreak of the Israel-Iran war, JPMorgan analysts forecast that under a "severe outcome," a closure of the Strait of Hormuz could push oil prices to $120–$130 per barrel. If crude climbs into that range, analysts predict gasoline and diesel prices could rise by as much as $1.25 per gallon. 'Consumers would be looking at a national average gasoline price of around $4.50 per gallon—closer to $6.00 if you're in California,' Lipow said. Other possible retaliatory moves from Iran could include supporting Yemen's Houthi rebels in renewed attacks on commercial shipping. If the conflict escalates and the US or Israel targets Iran's oil export infrastructure, analysts warn that Tehran may retaliate by striking facilities in neighboring countries. 'In other words, 'If we can't export our oil, you can't have yours,'' Lipow said. The key issue isn't just the potential for disruption, but how long it lasts, Rebecca Babin, senior energy trader at CIBC Private Wealth, told Yahoo Finance on Sunday. 'If infrastructure is hit but can be quickly restored, crude may struggle to hold gains,' she said. 'But if Iran's response causes lasting damage or introduces long-term supply risk, we're likely to see a stronger and more sustained move higher.' Last week, JPMorgan analysts noted that since 1967 — aside from the Yom Kippur War in 1973 — none of the 11 major military conflicts involving Israel have had a lasting impact on oil prices. In contrast, events directly involving major regional oil producers — such as the first Gulf War in 1990, the Iraq War in 2003, and the imposition of sanctions on Iran in 2018 — have all led to meaningful and sustained moves in oil markets. 'During these episodes, we estimate that oil traded at a $7–$14 per barrel premium to its fair value for an extended period,' wrote JPMorgan's Natasha Kaneva and her team. They added that the most significant and lasting price impacts historically come from 'regime changes' in oil-producing countries — whether that be through leadership transitions, coups, revolutions, or major political shifts. 'While demand conditions and OPEC's spare capacity shape the broader market response, these events typically drive substantial oil price spikes, averaging a 76% increase from onset to peak,' Kaneva wrote. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) had raised output in the months leading up to Israel's strike on Iran on June 13. Ines Ferre is a Senior Business Reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
