Intraday Trading Highlights

Here’s a look at some companies that are making news in intraday trading.

Travelers — The insurance firm saw shares jump nearly 8% after announcing strong second-quarter earnings. They reported earnings of $10.04 per share, far exceeding analyst estimates of $5.42. Additionally, sales reached $11.53 billion, topping expectations. This spike helped elevate the iShares U.S. Insurance ETF (IAK) by 2%. Other companies like Allstate Insurance and Hartford Insurance also recorded gains, rising over 2%.

GSK — On the flip side, the biopharmaceutical company’s U.S. shares dropped over 2% following the decision to halt further development of its chronic cough treatment drug, camlipixant. The late-stage clinical trials yielded mixed results, and the company indicated that the drug’s limited efficacy “is unlikely to change patient care.”

Nebius Group — Shares rose more than 4% as the AI infrastructure company secured $775 million in debt financing. This funding is underpinned by its graphics processing unit infrastructure and steady cash flows from contracts with investment-grade customers, as they plan to develop a global AI cloud platform.

Netflix — Shares fell over 7% as its second-quarter results were deemed unimpressive by investors. They reported earnings of 80 cents per share alongside $12.56 billion in revenue, slightly missing analyst expectations of $12.59 billion in sales and 79 cents per share in earnings. Moreover, Netflix plans to cut back on its “What We Watched” reports, which previously provided insights into viewer engagement.

Semiconductors — The iShares Semiconductor ETF (SOXX) lost nearly 1%, marking its fifth decline in six sessions and the worst week since April 2025. Notable declines included Taiwan Semiconductor Manufacturing down nearly 2% and Astera Labs down 4%, while Credo Technology saw a drop of over 3%.

Alphabet — Google’s parent company experienced a 2% drop for the second consecutive day following a Bloomberg report indicating delays in delivering its new Gemini AI model. The stock fell nearly 4.5% on Thursday after the news broke.

Intuitive Surgical — Shares plummeted more than 12% after the company revealed second-quarter results. They reported adjusted earnings of $2.80 per share and $2.89 billion in revenue, which fell short of analyst expectations for sales of $2.82 billion and earnings of $2.50 per share. Nevertheless, they maintained a full-year outlook projecting a 14% growth in surgeries utilizing their da Vinci robotic system.

SpaceX — Shares dropped over 4% following the cancellation of a launch for their massive Starship rocket. CEO Elon Musk noted that some engines failed to ignite, leading to the decision to abort the automatic launch, but he reassured followers that they would attempt another launch in the coming days.

BP and ConocoPhillips — These energy firms saw their shares increase by about 1% after reports surfaced regarding upcoming investments in Iraq, potentially amounting to billions, or even tens of billions, though specific details weren’t immediately available.

Alcoa — Despite reporting second-quarter results that surpassed analysts’ expectations, the aluminum producer’s shares fell by 3%. They earned $2.12 per share on $3.97 billion in sales, beating expectations of $3.94 billion in revenue and $2.06 per share in earnings. However, they revised down their 2026 alumina production forecast.

Software Stocks — Many software stocks struggled, with the iShares Expanded Technology Software Sector ETF (IGV) declining more than 1% and on track for its sixth weekly drop out of seven. Synopsys and Cadence Design Systems saw significant decreases of 8% and 9%, respectively, whereas Palantir Technologies and Microsoft each fell by around 2%.

Fifth Third Bancorp — The regional bank’s shares slipped 2% after posting a slight profit miss in its second-quarter financial report. On the upside, they reported a year-over-year net interest income increase of 48%, aligning with expectations.