Check out the companies making headlines in midday trading. F5 — Shares jumped more than 11% after the application security company posted better-than-expected guidance for the fiscal second quarter. F5 said to expect revenue to come in between $705 million and $725 million, beating the consensus forecast of $702.7 million from analysts polled by FactSet. Nextracker — Shares surged more than 24% following a stronger-than-expected full-year earnings outlook. The solar tracker manufacturer forecast full-year adjusted earnings in the range of $3.75 to $3.95 per share, while analysts polled by FactSet forecast $3.27 per share. The company’s prior estimate called for $3.10 to $3.30 per share. ASML — U.S.-listed shares gained more than 4% after the Dutch semiconductor giant’s fourth-quarter net bookings came in better than expected. For the period, ASML reported 7.09 billion euros in net bookings, while analysts polled by Visible Alpha expected 3.99 billion euros, according to Reuters. That marks a 169% increase from the previous quarter and suggests strong demand for the company’s chipmaking tools. LendingClub — The financial services stock tumbled more than 14%. LendingClub’s provisions for credit losses of $63.2 million came in larger than analysts polled by FactSet had anticipated. Alibaba — The Chinese tech giant ticked 0.7% higher after dropping a new version of its artificial intelligence model Qwen. Alibaba said it surpasses DeepSeek, the AI model that rocked Wall Street earlier this week. Nvidia — Shares tumbled just over 4%, the latest swing for the AI giant after DeepSeek caused a sell-off earlier this week. The stock on Monday shed nearly $600 billion in market cap, the largest one-day loss for a stock in U.S. history. Starbucks — Shares jumped more than 8% a day after the coffee chain beat on both top and bottom lines in the fiscal first quarter. Starbucks posted earnings of 69 cents per share on $9.4 billion in revenue. Analysts surveyed by LSEG estimated 67 cents in earnings per share and revenue of $9.31 billion. Frontier Group — Shares rose more than 5% after Frontier Airlines said it has proposed , again, merging with struggling rival Spirit Airlines, which is in bankruptcy. Spirit executives told their Frontier counterparts they were rejecting the deal. Trump Media — Shares of the social media company jumped more than 6% after the Truth Social parent announced it is expanding into financial services, including potentially investing in crypto. The new Truth.Fi business unit plans to launch its own investment vehicles later this year, with brokerage firm Charles Schwab slated to ” broadly advise ” on the investments and strategy. Reddit — Shares gained more than 3% after Guggenheim said Reddit is among the companies ” best positioned ” this year to benefit in the digital ad landscape, especially as it utilizes new formats to monetize. Rivian Automotive — Shares slipped more than 2% after Bernstein initiated coverage of the automaker with an underperform rating, saying profitability appears to be years away for the company. Rivian’s plans to reach more than 500,000 units by 2030 are “not enough to create financial success for shareholders,” the firm said. T-Mobile US — The stock rallied more than 6% on the back of the telecommunications company’s upbeat guidance for the full year. T-Mobile is expecting adjusted earnings before interest, taxes, depreciation and amortization between $33.1 billion and $33.6 billion, versus the $33.35 billion consensus estimate, according to FactSet. The company also reported an earnings and revenue beat for the fourth quarter. — CNBC’s Hakyung Kim, Sean Conlon, Jesse Pound, Pia Singh, Tanaya Macheel, Sarah Min, Michelle Fox and Brian Evans contributed reporting.
https://www.cnbc.com/2025/01/29/stocks-making-the-biggest-moves-midday-ulcc-djt-tmus-sbux.html
