Midday Market Highlights
Several companies are making notable moves in the market today. Super Microcomputer saw its shares jump by 25% after announcing preliminary fourth-quarter results that showed earnings much higher than anticipated, even though revenue came in near the lower end of guidance.
EQT’s shares rose over 6.6% following a second-quarter production report that surpassed expectations. The natural gas producer also increased its 2026 sales volume forecast to between 2,375 and 2,450 Bcfe, up from the previous estimate of 2,275 to 2,375 Bcfe.
On the flip side, Amazon experienced a 1% drop in its stock value. The company confirmed job cuts within its artificial intelligence division, marking the latest round of layoffs since January when it announced plans to let go of about 16,000 employees.
AAR, a company valued at $5 billion that provides aviation services, dropped nearly 11%. This decline came after its fiscal fourth-quarter gross profit and adjusted EBITDA margins didn’t meet Wall Street’s expectations, as management noted margin pressures due to limited availability of “used serviceable materials.”
Westinghouse Air Brake Technologies saw its stock soar by 11%, reaching a new 52-week high. The company raised its full-year projections, forecasting adjusted earnings per share between $10.60 and $10.90, with revenue expectations of $12.3 billion to $12.6 billion. This contrasted with FactSet’s consensus, which predicted $10.63 per share and $12.39 billion in revenue.
Chubb’s shares fell more than 3%, even though the insurer reported slower growth in its property and casualty segment compared to the previous quarter, citing a disciplined underwriting approach. However, the company anticipates that growth pressures from underwriting will begin to ease.
Another solid performer was Dell Technologies and Hewlett Packard Enterprise. Following the strong preliminary results from Super Microcomputer, Dell’s stock climbed 10%, while Hewlett Packard Enterprise increased by 5%.
Pegasystems, in contrast, tumbled over 16% after its second-quarter earnings fell short of analysts’ expectations, reporting adjusted earnings of 35 cents per share—less than the anticipated 43 cents.
Rocket Lab enjoyed a rise of 3.5% after securing a $266 million contract with the U.S. Air Force to launch 12 suborbital rockets, with completion expected by the end of 2028.
GE Vernova’s shares fell more than 7%, despite showing strong sales growth for the second quarter and raising its annual outlook. CEO Scott Strzyk mentioned a significant $176 billion backlog that should support ongoing revenue growth and margin expansion.
AT&T’s stock rose 2.9% despite mixed second-quarter results. The telecommunications company reported adjusted earnings of 65 cents per share, surpassing the FactSet consensus of 59 cents.
CME Group’s shares gained 5% after providing a positive financial report for the second quarter, with profits and revenue exceeding expectations. The company also stated that the first half of 2026 marked its best performance for the first six months on record.
