Stocks making the biggest moves midday: MS, ASML, JNJ, SEDG
Check out the companies making headlines in midday trading. Morgan Stanley — Shares fell 3.6% despite the financial institution beating second-quarter estimates. Morgan Stanley earned $2.13 per share and saw $16.79 billion in revenue, while analysts anticipated earnings of $1.96 a share and $16.07 billion in revenue, per LSEG. SolarEdge Technologies – Shares plummeted more than 8%. On Tuesday, JPMorgan downgraded the stock to neutral from overweight , given the stock’s recent outperformance. The stock has surged almost 101% in the past month and more than 84% this year. ASML — The stock dropped about 10% after the semiconductor company warned it may see no growth in 2026, citing macroeconomics and geopolitics. The news sent chip stocks such as Broadcom and AMD lower. Johnson & Johnson — Shares of the pharmaceutical giant rose more than 6% after second-quarter results beat estimates. Johnson & Johnson earned $2.77 per share after adjustments on $23.74 billion of revenue. Analysts surveyed by LSEG were looking for a profit of $2.68 per share and revenue of $22.84 billion. The company also raised its full-year guidance for several metrics, including adjusted earnings. BitMine Immersion Technologies – Shares of the ether treasury company surged 15% after Peter Thiel disclosed a 9% stake in Bitmine via his venture capital firm Founders Fund. Bitmine is a bitcoin mining company and recently started a strategy focused on purchasing ether. Crypto stocks – Stocks tied to the crypto market bounced on renewed optimism Congress could pass key stablecoin legislation this week. Ether treasury stocks were the biggest gainers: SharpLink jumped 26% and Bit Digital gained 16%. Bitcoin proxies advanced too, with MicroStrategy up more than 2% and Mara Holdings rising nearly 7%. Ford – The stock shed 3% after the National Highway Traffic Safety Administration said Ford is recalling nearly 700,000 crossover SUVs. The potential for a fuel leak in the vehicles may increase the risk of a fire, the NHTSA said. Bank of America — Shares popped 2% after the bank earned 89 cents per share for the second quarter, beating the consensus forecast of 86 cents a share from analysts polled by LSEG. But revenue came in at $26.61 billion, slightly below the $26.72 billion figure penciled in by Wall Street. Goldman Sachs — The bank stock slipped less than 1% after second-quarter earnings surpassed Street predictions. Goldman earned $10.91 per share on $14.58 billion in revenue, while analysts surveyed by LSEG forecast $9.53 a share and $13.47 billion, respectively. Diageo — Shares rose 1% on a Financial Times report , which cited people familiar with the matter, that the Ketel One and Captain Morgan parent’s board is planning to replace CEO Debra Crew. Commvault Systems — Shares of the data protection company rose more than 2% after Guggenheim upgraded it to buy from neutral, with a $210 price target that represents roughly 20% upside. Analyst Howard Ma said he expects Commvault could deliver on key metrics that will help it deliver revenue growth and free cash flow margin over 20% this year. — CNBC’s Lisa Han, Tanaya Macheel, Jesse Pound, Sarah Min and Michelle Fox contributed reporting
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