Stocks making the biggest moves midday: IBM, Goldman Sachs, CleanSpark, HCA Healthcare & more
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Stocks making big moves midday: IBM, Goldman, CleanSpark, HCA & more Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out some of the companies making the biggest moves midday: CleanSpark The digital infrastructure company surged 11% after securing a 20-year data center lease in Georgia, totaling $6.6 billion in contracted revenue . HCA Healthcare The hospital operator fell more than 7% after lowering full-year earnings guidance. HCA now sees full-year earnings per share between $28.70 and $30.50, down from a previous forecast of $29.10 per share to $31.50 per share. HCA also lowered the top end of its 2026 revenue outlook range. JPMorgan Chase The largest bank in the nation rose 2% after posting Q2 results. JPM earned $6.14 per share, excluding one-time items, on revenue of $58.02 billion. Analysts polled by LSEG expected a profit of $5.85 per share on revenue of $50.19 billion. Bank of America Bank of America added 2% after beating expectations in the second quarter. The Charlotte, N.C.-based bank earned $1.21 per share, more than the $1.13 expected by analysts polled by LSEG. Revenue of $31.7 billion also exceeded the $30.72 billion consensus estimate. Wells Fargo San Francisco-based Wells fell 3% after posting earnings of $2.00 per share on revenue of $22.62 billion. Analysts surveyed by LSEG were anticipating earnings of $1.72 per share on revenue of $21.84 billion. Goldman Sachs The Wall Street investment bank jumped 7% after posting second-quarter earnings above exceeded estimates. Goldman earned $20.98 per share, more than the $14.48 LSEG consensus estimate. Revenue of $20.34 billion also topped the $16.13 billion expected. Citigroup The bank fell 5% after logging its best quarterly revenue in a decade. Citigroup posted second- quarter earnings of $3.15 per share, more than the $2.74 expected by analysts surveyed by LSEG. Revenue of $24.77 billion also exceeded the anticipated $23.74 billion. Apple The iPhone maker dipped 1% after KeyBanc downgraded Apple to underweight from sector weight, with a $250 price target implying 21% downside from Monday's close. The Wall Street firm expects Apple could come under pressure as customers tighten their purse strings in response to rising prices. IBM The legacy tech giant plunged 25% after issuing weaker-than-expected preliminary Q2 earnings. IBM expects to report a profit of $2.93 per share, excluding certain items. Analysts polled by FactSet had expected a profit of $3.01 per share. O-I Glass The old Owens-Illinois slumped 8% after a double downgrade to undeperform from buy at Bank of America, which cited a recent 20% rally, challenging glass demand, fewer benefits from restructuring, less improvement in Europe and currency headwinds. LM Ericsson The Swedish networking and telecommunications provider that also trades in the U.S. dropped 13%. Ericsson posted disappointing revenue of 52.70 billion Swedish kronor, missing the consensus estimate of 53.94 billion, according to StreetAccount. Adjusted gross margin of 48.4% topped the 47.8% that was expected. MBX Biosciences The clinical state biopharmaceutical tum,bled 8% after saying CEO Kent Hawryluk stepped down effective immediately and...
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