Below are some of the names that are making big moves in the midday trading. Talen Energy – Stocks rose more than 23%. Talen said he has signed an agreement to acquire the Moxie Freedom Energy Center in Pennsylvania and the Guernsey Power Plant in Ohio. The contract will be $3.5 billion after adjusting its estimated tax benefits. Stocks in Data Center Power played Constellation Energy, with Vistra sympathizing for over 5%. Investco – Asset Manager stock price has increased by 12%. Bloomberg News reported that Invesco is seeking shareholders of the shareholder-favorite Invesco QQQ Trust (QQQ) for permission to convert its structure from a unit mutual fund to an open-ended fund. The move will increase payroll revenue for asset managers and reduce shareholder costs, Bloomberg reports. QQQ tracks the Tech Heavy Nasdaq 100, with an increase of nearly 10% in 2025. Regional Finance – Regional Bank stocks rose 5% after second quarter revenues exceeded expectations. The region recorded adjusted earnings of 60 cents per share, beating the fact set consensus estimate at 56 cents per share. Net interest revenue of $1.26 billion surpassed the $1.23 billion StreetAccount consensus call. Netflix – Stocks fell 4% after Netflix warned that operating profit margins in the second half of 2025 would be lower than the first half due to higher content amortization and sales and marketing costs. Otherwise, streaming companies hit the top and bottom lines. Chevron, Hess – Chevron’s shares fell by 1%, and Hess’s shares halted. The move comes after Chevron beat Exxon Mobil in a dispute over Hess’ offshore oil assets in the Guyana countries of South America. This clears the path for Chevron to complete Hess’ $53 billion acquisition. Sarepta Therapeutics – Biocentury, a trade news and data provider, reported that a patient died after receiving treatment during a phase 1 study, biopharmaceutical inventory fell 26%. A Salepta spokesman told Biocentury that the death was due to acute hepatotoxicity. Union Pacific, Norfolk Southern – Shares in Union Pacific and Norfolk Southern fell 1.5% each, up about 2% each. The move came after the Wall Street Journal, citing familiar people, and reported that railroad operator Union Pacific is investigating its deal with Norfolk Southern. 3M – Industrial inventory fell by more than 4%. 3M estimates that organic sales growth will increase by around 2% in 2025, accounting for the impact of tariffs. In April, we estimated growth from “2% to 3% to the bottom edge” excluding the impact of tariffs. Separately, the results for the second quarter have surpassed the estimates. American Express – The stock has won nearly 3% after the company’s second quarter earnings results were beaten on the top line and bottom line. American Express surpassed its adjusted earnings of $4.08 per share with revenue of $17.86 billion, surpassing earnings per share of $3.89, exceeding the revenues predicted by analysts voted by Factset. Interactive Brokers – Shares rose 6% after interactive brokers reported second quarter results. The online brokerage recorded an adjusted earnings of 51 cents per share against revenues of $1.48 billion. Analysts voted by LSEG had expected a profit of 46 cents per share against revenue of $1.36 billion. Schlumberger – Stocks fell 4%. Oil Field Services Company recorded adjusted earnings of 74 cents per share, while Factset Consensus estimates were higher than 72 cents per share, reflecting a 13% decline from the same period last year. Charles Schwab – Stocks of the brokerage rose 2% after the second quarter results beat expectations on the top and bottom lines. Charles Schwab reported adjusted earnings of $1.14 per share with revenue of $5.855 billion. According to Factset, analysts were looking for $1.10 per share and $5.73 billion in revenue. The company also said that opening accounts at new brokerages rose 11% year-on-year. Crypto Stocks – The stocks of companies serving Crypto Traders rose six months later as ether prices jumped to their highest level in six months, rising almost 3% and Robinhood rose nearly 4%. Galaxy Digital exceeded 2%. Bitmine Immersion, an ether accumulator, rose 7%. Huntington Bank Share – The bank holding company recorded second-quarter earnings of 34 cents per share, sliding 2% just above the fact set consensus estimate of 33 cents per share. Net interest income of $1.47 billion also exceeded $1.46 billion. Western Alliance – Stocks fell more than 2% after Western Alliance Bancorp said it would unify all sectors under one brand. Net interest for the second quarter was 3.53% against a 3.55% fact set consensus estimate. Regional banks won second quarter revenue, revenue and net interest expectations, according to FactSet Consensus estimates. – Reported by CNBC’s Sean Conlon, Lisa Han, Alex Hurling, Tanaya Machell, Jesse Pound and Sarah Min.
