Stocks making the biggest moves midday: T-Mobile, Alphabet, Tesla, Intel, SAIA and more
Check out the companies making headlines in midday trading. T-Mobile — Shares pulled back 11% after the company's wireless subscribers for the first quarter missed Wall Street estimates. T-Mobile reported 495,000 postpaid phone additions in the first-quarter, while analysts polled by StreetAccount were looking for 504,000. Alphabet — The Google-parent company gained about 2% on the heels of better-than-expected first-quarter results . Alphabet reported $2.81 per share on revenue of $90.23 billion, while analysts polled by LSEG forecast $2.01 per share and $89.12 billion in revenue. Skechers — Shares fell 4.8% after the footwear maker posted weaker-than-expected revenue for the first quarter and withdrew its 2025 guidance due to " macroeconomic uncertainty stemming from global trade policies ." The company's earnings for the quarter came in above analyst estimates, however. Gilead Sciences — The biopharmaceutical stock fell 2.5% after first-quarter revenue came in at $6.67 billion, missing the consensus forecast of $6.81 billion from analysts polled by LSEG. However, the company earned $1.81 per share, excluding items, in the quarter, beating Wall Street's estimate of $1.79 a share. SAIA — Shares of the shipping company fell 31% after first-quarter results missed estimates and showed a slowdown in March. SAIA reported $1.86 in earnings per share on $787.6 million of revenue. Analysts surveyed by FactSet were expecting $2.76 per share on $812.8 million of revenue. BMO Capital Markets downgraded the stock to market perform from outperform and said the issues were "company specific." Intel — The chipmaker declined 7% after Intel's current quarter missed investors expectations. Intel forecast revenue in the June quarter of $11.8 billion at the midpoint, while consensus forecasts called for $12.82 billion, per LSEG. Management anticipates that earnings will break even. Intel also announced plans to reduce both its operational and capital expenses. Boston Beer — The Samuel Adams brewer were more than 1% higher after better-than-expected first-quarter results. Boston Beer notched earnings per share of $2.16 on revenue of $453.9 million, while analysts polled by FactSet were looking for 56 cents per share on revenue of $435.6 million. Boston Beer cautioned that tariffs could hurt full-year earnings. Tesla — The Elon Musk-helmed electric vehicle company surged 10%. Shares have advanced more than 17%r this week, as the broader market tries to recover from a steep sell-off for much of April. — CNBC's Jesse Pound, Alex Harring and Sean Conlon contributed reporting Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today's dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You'll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
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CNN
38 minutes ago
- CNN
Start your week smart: Inside the Trump-Musk feud, LA immigration clashes, military parade, Tony Awards, French Open
Every parent wants their children to be happy and healthy, but admit it: If they just happen to grow up to be professional athletes or tech entrepreneurs, so much the better. Well, it turns out that the key to raising an ultra-successful kid is not something special you should do — it's something you should not do. Here's what else you need to know to start your week smart. Get '5 Things' in your inbox If your day doesn't start until you're up to speed on the latest headlines, then let us introduce you to your new favorite morning fix. Sign up here for the '5 Things' newsletter. It's over. For now, at least. The once chummy relationship between President Donald Trump and billionaire Elon Musk imploded in a flurry of back-and-forth insults and allegations that played out on social media for all the world to see. Trump told CNN they won't be burying the hatchet anytime soon. 1️⃣ How it started: The animosity ramped up considerably when Musk called Trump's massive tax and domestic policy bill 'a disgusting abomination.' Then he shared old comments from Republicans about government spending. Things quickly went off the rails. 2️⃣ Ugly insults: The president and the world's richest man traded jabs about policy flip-flops and the 2024 election before things got increasingly personal. These are the nastiest things they said. 3️⃣ Social squabble: Trump may have finally been outmatched — by the owner of the platform he used to love. Musk wielded his X account like a political weapon while the president tried to keep up on Truth Social. 4️⃣ How people reacted: Conservatives lamented the feud and appeared torn between their two central heroes. Fox News — Trump's biggest media ally — treated this like a mere blip in their friendship. A Washington power couple straddles the line. 5️⃣ What's next? Trump floated the idea of terminating Musk's government contracts and said he will 'pay the consequences' if he starts funding Democrats. It remains to be seen where things go from here. The president often reconciles with allies, even after ugly things are said. • Trump deploys National Guard in response to LA clashes on immigration enforcement• Russia claims to have pushed into central Ukrainian region for first time• Federal judge approves $2.8B settlement, paving way for US colleges to pay athletes millions MondayPresident Trump's travel ban that bars the entry of nationals from 12 countries into the US goes into effect at 12:01 a.m. People from Afghanistan, Myanmar, Chad, the Republic of the Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen will be fully restricted. Travelers from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela will face partial restrictions. TuesdayNASA, Axiom Space and SpaceX are hoping to launch another private astronaut mission to the International Space Station. The crew of four will spend two weeks on the ISS, conducting science, education and commercial activities. WednesdayPoland's Prime Minister Donald Tusk has scheduled a parliamentary vote of confidence for his coalition government after populist firebrand Karol Nawrocki narrowly won the presidential election, delivering a blow to the centrist government's efforts to cement Warsaw's pro-European orientation. In a televised speech, Tusk said that he and his party want to show the world they 'understand the gravity of the moment, but that we do not intend to take a single step back.' President Trump, first lady Melania Trump, Vice President JD Vance and second lady Usha Vance are scheduled to attend the opening night performance of 'Les Misérables' at the Kennedy Center. Among those who will not be in attendance are at least 10 to 12 performers who are planning to sit out the show. The cast was given the option not to perform the night Trump will be in the audience, sources told CNN. SaturdayJune 14 is a date that will mark many things, including: Flag Day, President Trump's 79th birthday, the US Army's 250th birthday and the day that nearly 7,000 soldiers and millions of pounds of military hardware will roll down the streets of Washington in the largest military parade the US capital has seen in decades — fulfilling an oft-voiced wish of the president. Prev Next Check out more images from the week that was, curated by CNN Photos. At a glanceGame 2 of the NBA Finals is set for tonight with the Indiana Pacers holding a 1-0 lead over the Oklahoma City Thunder after a stunning comeback in Game 1 led by point guard Tyrese Haliburton. The Florida Panthers and Edmonton Oilers return to the ice Monday night for Game 3 of the Stanley Cup Final. They're tied at one game apiece after the Panthers took Game 2 in double overtime. In tennis, Coco Gauff won the French Open with a thrilling comeback against world No. 1 Aryna Sabalenka in the women's final. On the men's side, defending champion Carlos Alcaraz faces Jannik Sinner for the title today. In horse racing, Sovereignty won the Belmont Stakes by three lengths over Journalism just a few weeks after claiming the Kentucky Derby crown. In golf, the US Open, the PGA Tour's third major, gets underway Thursday at Oakmont Country Club in Pennsylvania. World No. 1 Scottie Scheffler is the favorite to hoist the trophy on Father's Day. TV and streamingThe 78th Tony Awards will air live tonight on CBS and streaming on Paramount+ at 8 p.m. ET. Broadway's biggest night will be hosted by Tony, Emmy and Grammy-winner Cynthia Erivo. 'Buena Vista Social Club,' 'Death Becomes Her' and 'Maybe Happy Ending' earned the most nominations with 10 each. Among those who received their first Tony nominations: George Clooney ('Good Night, and Good Luck') and Mia Farrow ('The Roommate'). In theatersA live-action version of 'How to Train Your Dragon' swoops into theaters Friday. The movie stars Mason Thames as Hiccup, Nico Parker as Astrid and Gerard Butler as Stoick — the role he voiced in three animated 'How to Train Your Dragon' films. 'The Materialists' stars Dakota Johnson as a New York City matchmaker caught in a love triangle. Chris Evans and Pedro Pascal co-star. Looking for a challenge to start your week? Take CNN's weekly news quiz to see how much you remember from the week that was! So far, 14% of readers who took the quiz got a perfect score and 57% got eight or more questions right. How will you fare? 'The Hamilton Mixtape'The members of the original cast of the hit Broadway musical 'Hamilton' will reunite during tonight's Tony Awards for a 10th anniversary performance. Long before 'Hamilton' became a cultural phenomenon, Lin-Manuel Miranda previewed what would become the show's opening number for then-President Barack Obama and then-first lady Michelle Obama at the White House. (Click here to view)
Yahoo
an hour ago
- Yahoo
Exclusive: Mark Cuban has a one-word reaction to Elon Musk and Donald Trump's explosive feud
Exclusive: Mark Cuban has a one-word reaction to Elon Musk and Donald Trump's explosive feud originally appeared on TheStreet. As the public fallout between Elon Musk and Donald Trump escalates, billionaire investor Mark Cuban had just one word to describe the chaos: 'popcorn.' In a brief exchange with TheStreet Roundtable, Cuban replied to a question about the Musk–Trump spat by simply writing, 'all I'll say is that I bought a bunch of popcorn.' When asked if he saw this coming, Cuban followed up with a blunt 'yes.' The feud between Musk and Trump intensified this week after Musk publicly criticized Trump's administration over the so-called 'One Big Beautiful Bill', a sweeping tax and spending package — calling it a 'Debt Slavery Bill.' In return, Trump threatened to terminate billions in government contracts with Musk's companies, including SpaceX and Tesla, claiming it would be the 'easiest way to save money in our budget.' But Musk didn't stop there. In a bombshell post on X, Musk wrote, 'Time to drop the really big bomb: Donald Trump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!' The post sent shockwaves across social media and rattled markets. Tesla shares fell by 14%, while DJT, the stock tied to Trump's media company — dropped over 8% on the same day. Bitcoin also slipped nearly 4%. While both Trump and Musk have wielded significant influence in the crypto and tech markets, this very public breakup has caught even their closest allies off guard. Trump's press secretary offered a lukewarm response to Musk's claims, calling the post 'an unfortunate episode from Elon.' Exclusive: Mark Cuban has a one-word reaction to Elon Musk and Donald Trump's explosive feud first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared.
Yahoo
2 hours ago
- Yahoo
Markets start to gear up for summer drama
Markets start to gear up for summer drama originally appeared on TheStreet. Investors have a problem to work through: How to decide how and when to invest or sell — and what all that entails. Stocks had a good week, with the Standard & Poor's 500 Index rising 1.5% and closing above 6,000 for the first time since Feb. 21. Friday's big rally had some market watchers declare 6,500 on the index a real possibility. 💵💰💰💵 The other big averages rose at least 1.2% on the week. The small-cap Russell 2000 Index jumped 2.9%. There were lots of winners like: On Semiconductor () , up 19.4%. Quantum Computing () , up 21%. Robinhood Markets () , up 13.2%. Appliance/electronics retailer Best Buy () , up 10.2%. And one clear non-winner: Tesla () , down more than 14.8% in the wake of CEO Elon Musk's flame-throwing departure from the White House. An important downside: Bond yields moved up. The 10-year Treasury finished Frida with a 4.512% yield. Mortgage rates adjusted nearly to 7%. "I truly find it remarkable that interest rates (the foundation of all discounted dividend/cash flow models) are climbing so rapidly, yet equities are unconcerned," Doug Kass wrote in his Daily Diary on the Street week ahead offers some important earnings reports, but if you you're thinking of putting money to work, take a breath. This may also be a week in which what happens outside the stock and bond markets may prove more important that what happens. The events start with the meeting scheduled Monday in London between trade representatives from the United States and China to get the tariff negotiations moving. There is an August deadline get to a deal done, and President Donald Trump, not known for patience, may begin to get is a closer deadline: July 9 for all the other trade deals to get done, and one isn't hearing much on that front, either. Markets will start getting nervous over these problems, and it will be tricky then because second-quarter earnings reports will start to come out. In addition, Apple () is holding its World Wide Developer Conference this week. News may be committed at the event. Delta Air Lines () and PepsiCo () are expected to report the week of July 7. JPMorgan Chase () says it will report on July 15. Another factor to consider: an expected drop off in foreign travel to the United States. A December estimate for an 8.7% increase in foreign visitors to the U.S. in 2025 has been revised to an 8,7% decline, Bloomberg News reported. Marriott () has already trimmed its guidance for 2025 because of expected softness in U.S. and Canadian business. So far, 2025 has been a dramatic, nay wild, year for stocks. But a bad year? Not really or yet. The S&P 500 is up 2% on the year, with eight of 11 sectors showing gains. The Nasdaq is up 1.1%. The Nasdaq-100 Index, dominated by big tech stocks, is up 3.6%. Most of the gains have come since the market bottom in April. Industrials are leading the S&P 500 with a 9.7% gain this year, led by Howmet Aerospace () , which makes components for jet engines, GE Aerospace () , which makes aircraft engines, and GE Vernova () , which concentrates on power equipment. The weakest sector is Consumer Discretionary, down 6.8%. The group includes Tesla, Caesar Entertainment () and homebuilders Lennar () and D.R. Horton () . Information technology, including Microsoft () , Apple, Nvidia () and Broadcom () , is up 1.1%. More Retail Stocks: Halloween retailer sounds warning consumers need to hear Target expands same-day delivery to 100s of retailers Walmart makes surprise cuts as it looks at tariff price hikes Oracle () has a market capitalization of nearly $500 billion. The shares are up 7.3% this year but up 42% from the April post-tariff announcement low. The earnings estimate is $1.64 a share, up slightly from a year ago's $1.63. The revenue estimate is $15.6 billion, up 9% from a year ago. Adobe () is best known for tools to design and produce content. Anyone who has sent a .pdf file to any where has probably used Adobe software. The earnings estimate is $4.97 a share, up 11% from a year. Revenue is estimated at $5.8 billion, up 9.3%. Adobe shares are down 6.2% this year. Mostly that is because valuation is more appropriate. The shares had been at 30 times earnings. That's down to 20. Smucker () , the Ohio maker of jams, peanut butter (Adams) bought Hostess Brands, makers of no less than Hostess Twinkies, for $4.6 billion. Digesting the acquisition has been hard. The sweet snacks business faces huge headwinds in the demand for healthier snacks. (Can you say Wegovy and Mounjaro?) Smucker shares are up just 0.7% this year. The company took a big write-down in the first quarter. This quarter's report is all about showing progress on the problem. The earnings estimate is $2.25 a share, down from $2.66 a year ago. The revenue forecast is $2.19 billion, down slightly from last year's $2.21 billion. Gamestop () is the world's largest video game, consumer electronics, and gaming merchandise retailer. The revenue estimate is $796.8 million, down 9.6% from a year ago. Earnings may come in a 4 cents a share. Casey's General Stores, () , Iowa-based operator of convenience stores in the Midwest and South. After Monday's close. Core & Main () , distributor of water, sewer and fire-protection products. Before Tuesday's open. Online pet-supply retailer Chewy () . Before Wednesday's start to gear up for summer drama first appeared on TheStreet on Jun 8, 2025 This story was originally reported by TheStreet on Jun 8, 2025, where it first appeared.
