Stocks making the biggest midday moves: Oracle, Boeing, CureVac, Datadog and more
Check out the companies making the biggest moves in midday trading: Cardinal Health – Shares of the health-care services company popped 3% to touch a new 52-week high. Cardinal Health lifted its full-year guidance , forecasting adjusted earnings between $8.15 to $8.20 per share, up from an earlier $8.05 to $8.15 per share. Datadog – The cloud security company leapt more than 3%. The move arrives on the heels of an upgrade to outperform from Wolfe Research. Analyst Alex Zukin pointed to growing confidence over the near-term growth opportunity around artificial intelligence. Boeing – The airplane maker lost nearly 5% following the crash of an Air India Boeing Dreamliner Thursday. The plane, carrying 242 passengers and crew, crashed shortly after takeoff from Ahmedabad, India. The cause of the crash is not immediately clear. Shares of airlines also slid, with United Airlines losing more than 3% and Delta Air Lines shedding 2%. Oracle — The cloud computing stock surged nearly 14%. CEO Safra Catz said cloud infrastructure revenue would increase more than 70% in the 2026 fiscal year. In the fiscal fourth quarter , adjusted earnings of $1.70 per share topped the $1.64 a share expected by analysts polled by LSEG. Revenue was $15.9 billion versus the $15.59 billion consensus estimate. GameStop — The meme stock and video game retailer sank 20% after announcing it will sell $1.75 billion of convertible senior notes , with proceeds earmarked for "general corporate purposes, including making investments ." CureVac — Shares of the clinical stage biotech company jumped 38% after Germany's BioNTech agreed to acquire it in an all-stock deal valued at $1.25 billion. Voyager Technologies — The space tech stock popped 4%. Voyager closed its first day of trading on Wednesday at $56.48, more than 82% above its initial public offering price of $31. Chime Financial — The online banking services provider priced its initial public offering at $27 per share Wednesday, valuing Chime at $11.6 billion. The stock is set to begin trading Thursday under the ticker CHYM. CNBC's Jesse Pound, Sarah Min, Alex Harring and Michelle Fox contributed reporting.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
1 Safe-and-Steady Stock with Promising Prospects and 2 to Turn Down
Stability is great, but low-volatility stocks may struggle to deliver market-beating returns over time as they sometimes underperform during bull markets. Finding the right balance between safety and returns isn't easy, which is why StockStory is here to help. Keeping that in mind, here is one low-volatility stock providing safe-and-steady growth and two stuck in limbo. Rolling One-Year Beta: 0.46 Whether it be packaged crackers, broths, or beverages, Treehouse Foods (NYSE:THS) produces a wide range of private-label foods for grocery and food service customers. Why Should You Sell THS? Shrinking unit sales over the past two years indicate demand is soft and that the company may need to revise its product strategy Gross margin of 16.5% is below its competitors, leaving less money to invest in areas like marketing and production facilities Below-average returns on capital indicate management struggled to find compelling investment opportunities TreeHouse Foods's stock price of $21.76 implies a valuation ratio of 11.2x forward P/E. Check out our free in-depth research report to learn more about why THS doesn't pass our bar. Rolling One-Year Beta: 0.74 With roots dating back to 1807 when Charles Wiley opened a small printing shop in Manhattan, John Wiley & Sons (NYSE:WLY) is a global academic publisher that provides scientific journals, books, digital courseware, and knowledge solutions for researchers, students, and professionals. Why Should You Dump WLY? Products and services are facing significant end-market challenges during this cycle as sales have declined by 1.6% annually over the last five years Earnings per share were flat over the last two years and fell short of the peer group average Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 4.3 percentage points At $38.54 per share, Wiley trades at 16x forward EV-to-EBITDA. If you're considering WLY for your portfolio, see our FREE research report to learn more. Rolling One-Year Beta: 0.46 Operating as a critical link in the healthcare supply chain since 1979, Cardinal Health (NYSE:CAH) distributes pharmaceuticals and manufactures medical products for hospitals, pharmacies, and healthcare providers across the global healthcare supply chain. Why Are We Fans of CAH? Massive revenue base of $222.3 billion in a highly regulated sector makes the company difficult to replace, giving it meaningful negotiating power Projected revenue growth of 8.7% for the next 12 months indicates demand will rise above its two-year trend Earnings per share grew by 7.7% annually over the last five years, above the peer group average Cardinal Health is trading at $160 per share, or 18.4x forward P/E. Is now the right time to buy? See for yourself in our full research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today.
Yahoo
7 hours ago
- Yahoo
Oracle waves off cloud customers as its data center investments balloon
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Oracle fielded more cloud business than its data centers could handle, executives said Wednesday during the company's Q4 2025 earnings call for the three months ending May 31. 'We actually currently are still waving off customers — or scheduling them out into the future so that we have enough supply to meet demand,' CEO Safra Catz said. The junior hyperscaler, which trails cloud giants AWS, Microsoft, Google Cloud and Alibaba Cloud in the global battle for market share, saw quarterly cloud infrastructure and software services revenue increase 27% to $6.7 billion year over year, accounting for 42% of the company's $15.9 billion in revenue. Oracle's capital expenditure for the entire fiscal year more than doubled to $21.2 billion compared with the prior year as the company raced to add data center capacity. 'We are putting out as much capacity as we possibly can,' Catz said. 'When we all of a sudden have higher CapEx, it means we are filling out data centers and we are buying components to build our computers.' As large language models devour compute resources, cloud providers are pouring tens of billions of dollars into data centers to narrow gaps between supply and demand. Hyperscalers drove an unprecedented 34% year-over-year spike in data center hardware and software spending, which hit a record high $282 billion in 2024, according to Synergy Research Group. Large cloud providers accounted for more than half of $455 billion in data center capital investments on the year, marking a 51% increase over 2023, the Dell'Oro Group found. Oracle remained a relatively small fish in an expansive pond. The provider took in roughly 3% of $94 billion in global cloud infrastructure services spending, which grew 23% year over year during the first three months of 2025, according to Synergy Research Group. AWS and Microsoft, the two largest hyperscalers, captured the lion's share of cloud revenues, controlling 29% and 22% of the market, respectively. As the market grew and capacity constraints surfaced even among the largest providers, Oracle doubled down on data centers, expanding its cloud estate to more than 100 regions. In March, the Catz vowed to triple capacity by the middle of next year and the company committed to a $5 billion U.K.-based cloud infrastructure buildout. On Wednesday, Catz said the company's capital expenditure will likely surpass $25 billion in the next fiscal year. 'We don't build unless we've got orders for our capacity to be built out,' said Catz. 'It is all to meet demand.' Oracle CTO Larry Ellison added color to Catz's assessment. 'We recently got an order that said we'll take all the capacity you have wherever it is — it could be in Europe, it could be in Asia, we'll just take everything,' Ellison said. 'We did the best we could to give them the capacity they needed. The demand is astronomical.' As the company grows its cloud footprint, it is also leveraging recent partnerships with its three biggest competitors to grow its database business. In the last two years, AWS, Microsoft and Google Cloud made separate agreements to run Oracle database servers in their data centers. The multicloud integrations are currently deployed in 23 hyperscaler cloud regions, with an additional 47 in the works, Ellison said. 'Most of the world's most valuable data is stored in an Oracle database,' Ellison added. 'All of those databases are moving to the cloud — Oracle's cloud, Microsoft's Azure cloud, Amazon's cloud or Google's cloud. As use of AI increases, so will Oracle's database market share.' Recommended Reading Nvidia lures all 4 major cloud hyperscalers with Blackwell 'superchip' Sign in to access your portfolio
7 hours ago
Asian shares slide while oil prices surge after Israel's strike on Iran
HONG KONG -- Markets in Asia opened lower early Friday while oil prices surged after Israel attacked Iran's capital amid the ramping up tensions over Tehran's rapidly advancing nuclear program. U.S. benchmark crude oil rose by $5.6, or 8.2%, to $73.61 per barrel. Brent crude, the international standard, increased by $5.52 to $74.88 per barrel. In share trading, Tokyo's Nikkei 225 fell 1.2% to 37,721.63 while the Kospi in Seoul edged 0.7% lower to 2,900.14. Hong Kong's Hang Seng retreated 0.4% to 23,929.62 and the Shanghai Composite Index lost 0.2% to 3,394.52. Australia's S&P/ASX 200 drifted 0.3% lower to 8,540.80. 'An Israeli attack on Iran poses a top ten of our global risk, but Asian markets are expected to recover quickly as they have relatively limited exposure to the conflict and growing ties to unaffected Saudi Arabia and the UAE,' said Xu Tiachen of The Economist Intelligence. On Thursday, U.S. stock indexes ticked higher following another encouraging update on inflation across the country. The S&P 500 rose 0.4% to 6,045.26. The Dow Jones Industrial Average added 0.2% to 42,967.62, and the Nasdaq composite gained 0.2% to 19,662.48. Oracle pushed upward on the market after jumping 13.3%. The tech giant delivered stronger profit and revenue for the latest quarter than analysts expected, and CEO Safra Catz said it expects revenue growth 'will be dramatically higher' in its upcoming fiscal year. That helped offset a 4.8% loss for Boeing after Air India said a London-bound flight crashed shortly after taking off from Ahmedabad airport Thursday with 242 passengers and crew onboard. The Boeing 787 Dreamliner crashed into a residential area near the airport five minutes after taking off. The cause of the crash wasn't immediately known. Stocks broadly got some help from easing Treasury yields in the bond market following the latest update on inflation. Thursday's update said inflation at the wholesale level wasn't as bad last month as economists expected, and it followed a report on Wednesday saying something similar about the inflation that U.S. consumers are feeling. Wall Street took it as a signal that the Federal Reserve will have more leeway to cut interest rates later this year in order to give the economy a boost. The Federal Reserve has been hesitant to lower interest rates, and it's been on hold this year after cutting at the end of last year, because it's waiting to see how much President Donald Trump's tariffs will hurt the economy and raise inflation. While lower rates can goose the economy by encouraging businesses and households to borrow, they can also accelerate inflation. The yield on the 10-year Treasury fell to 4.35% from 4.41% late Wednesday and from roughly 4.80% early this year. Besides the inflation data, a separate report on jobless claims also helped to weigh on Treasury yields. It said slightly more U.S. workers applied for unemployment benefits last week than economists expected, and the total number remained at the highest level in eight months. That could be an indication of a rise in layoffs across the country. 'We believe that were it not for the uncertainty caused by the tariffs, the combined information coming from the inflation and labor-market data would have compelled the Fed to have resumed cutting its policy rate by now,' according to Thierry Wizman, a strategist at Macquarie. The Fed's next meeting on interest rates is scheduled for next week, but the nearly unanimous expectation on Wall Street is that it will stand pat again. Traders are betting it's likely to begin cutting in September, according to data from CME Group. Trump's on-and-off tariffs have raised worries about higher inflation and a possible recession, which had sent the S&P 500 roughly 20% below its record a couple months ago. But stocks have since rallied nearly all the way back on hopes that Trump will lower his tariffs after reaching trade deals with other countries. Many of Trump's tariffs are on hold at the moment to give time for negotiations, but Trump added to the uncertainty late Wednesday when he suggested the United States could send letters to other countries at some point 'saying this is the deal. You can take it or you can leave it.' On Wall Street, Chime Financial jumped 37.4% in its first day of trading on the Nasdaq. The technology company is trying to be the main financial hub for customers, connecting them with its bank partners. GameStop dropped 22.5% after saying it plans to raise $1.75 billion by borrowing at zero interest rates, though the lenders could choose to be repaid in the video-game retailer's stock instead of cash. In currency trading early Friday, the U.S. dollar fell to 143.10 Japanese yen from 143.46 yen. The euro edged lower, to $1.1552 from $1.1590.
