Stocks making the biggest moves midday: Canada Goose, UnitedHealth, Target, Carter's and more
Check out the companies making headlines in midday trading. Target — The big-box retailer fell 4% on disappointing first-quarter results . Target also cut its full-year sales outlook, partly blaming falling consumer sentiment and uncertainty about tariffs. Toll Brothers — The stock added 2.8% after the homebuilder beat on both the top and bottom lines for its second quarter. Earnings came in at $3.50 per share, topping the $2.83 a share expected from analysts polled by LSEG. Revenue was $2.74 billion, versus the $2.48 billion consensus estimate. Palo Alto Networks — The cybersecurity company tumbled 5% after posting a gross margin for the third fiscal quarter that was lower than expected. That overshadowed an better-than-anticipated earnings report on both lines for the quarter. Canada Goose — The luxury jacket maker soared 28% after posting a better earnings report for the fiscal fourth quarter than analysts penciled in. However, the company said it would not provide an outlook for the fiscal 2026 year due to uncertainty tied to consumer spending and the global trade backdrop. UnitedHealth — Shares fell 4.4% following HSBC's downgrade of the health insurer. HSBC said the stock could see more downside even after the recent sell-off. UnitedHealth shares have plunged nearly 39% this year. Crypto stocks — Some stocks tied to digital currencies rose as bitcoin rallied to a new all-time high . Coinbase gained 2%, while Mara Holdings popped more than 4%. Carter's — Shares sank 10% after the children's clothing company announced it would slash its quarterly dividend to 25 cents per share from 80 cents per share. The company also said that higher tariffs could push up product costs. Xpeng — U.S.-listed shares of the Chinese electric vehicle maker surged 11.2% after the company recorded a s maller loss for the first quarter than anticipated. Xpeng said it plans to deliver between 102,000 and 108,000 vehicles in the current quarter, which would mark a year-over-year rise of more than 200%. Take-Two Interactive — Shares slid 3.4% after the video game maker announced a proposed offering of $1 billion in common stock. JPMorgan and Goldman Sachs are the lead bookrunning managers for the potential offering. Keysight Technologies — The commercial electronics stock jumped 4% after results for the fiscal second quarter topped expectations. Keysight reported $1.70 in adjusted earnings per share on $1.31 billion of revenue. Analysts surveyed by FactSet were expecting $1.65 per share and $1.28 billion. Both of the company's major reporting segments saw year over year revenue growth. Modine Manufacturing — Shares dropped 8.1% despite a better-than-projected report for the fourth fiscal quarter. The manufacturer earned $1.12 per share, excluding items, while analysts polled by FactSet anticipated 96 cents a share. Revenue came in at $647.2 million, also exceeding the Street's consensus forecast of $631.5 million. — CNBC's Jesse Pound, Yun Li and Michelle Fox contributed reporting
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