Check out the companies making the biggest move at noon: ELF Beauty – Morgan Stanley has urged beauty brands to upgrade from equal weight to overweight and pop stocks at over 9%. The bank said ELF’s consensus revenue estimates are “too low” and it looks at the catalysts from product pricing and contributions to Road’s acquisition. OWENS & MINTER – Healthcare logistics company plummeted 32% after management said its second quarter revenue call had strand costs continued to rise and according to StreetAccount it focused on reducing such costs to improve profits. The results will ultimately be supported later by selling the Products & Healthcare Services Unit, the company said. AAON – HVAC company’s stock fell more than 12% after its second quarter results missed analysts’ top-line and bottom-line estimates. Aaon recorded adjusted earnings of 22 cents per share with quarterly revenue of $331.6 million. Analysts voted by FactSet had estimated 33 cents per share with revenue of $325 million. The company also cut its year-round sales guidance. TEGNA – The broadcaster has raised 30% after the Wall Street Journal and Reuters cited the source and reported that Nexstar was in talks to win Tegna. Nexstar rose by more than 4%. TKO Group – Shares rose more than 7% after Paramount Skydance agreed to buy UFC’s US rights for seven years in a deal worth $77 billion. Paramount traded slightly lower. C3.AI – Artificial Intelligence Software Company plummeted 22% after issuing first quarter guidance. C3.AI expects revenue to range between $70 million and $70 million. That non-GAAP loss is expected to come between $57.7 million and $57.9 million. NVIDIA, Advanced Micro Devices – Shares in Nvidia and Advanced Micro Devices have grown 0.5% and 1.5% respectively after closing unprecedented arrangements with the Trump administration. Both tip companies have agreed to provide the US government with 15% of revenue from chips sold to China in exchange for export licenses, Financial Times reported. Both stocks were traded earlier in the day. AMC Entertainment – Stocks in the cinema chain rose 3% after quarter results exceeded analyst expectations. The AMC broke even after excluding one-off items. Analysts had expected a loss of 7 cents per share. Revenues of $1.4 billion surpassed the consensus forecast of $1.34 billion. CoreWeave – Cloud infrastructure companies rose 7% after JPMorgan maintained its overweight rating and raised its price target. The company said the stock needs risk tolerance considering volatile trading, but “it remains positive about the possibility of continuing momentum in CoreWeave’s business pipeline.” INTEL – Semiconductor company shares outpaced Intel’s CEO Lip Butane’s visit to the White House on Monday days after President Donald Trump called for his resignation over ties with Chinese companies. Coinbase, Robinhood, MicroStrategy – Bitcoin prices have risen to an all-time high, resulting in inventory tied to cryptocurrency. Coinbase and MicroStrategy stocks rose 6.4% and 1.7% respectively, while Robinhood rose about 4%. Crypto prices have risen since Trump signed the executive order on Thursday. This lays the foundation for opening a 401(k) retirement plan in alternative assets such as cryptocurrency and real estate. Rumble – Shares in video sharing platform and cloud service provider Rumble have won 8% as they are considering making a full stock bid worth nearly $1.2 billion for German AI cloud computing group Northern Data. An announcement made by the company on Sunday saw Northern’s data share fall. Tesla – Shares rose 5% after the electric vehicle company officially filed a demand for a power licence with the UK energy regulator. If approved, the license allows Tesla to power UK households and businesses and compete in the UK energy market. This profit has put Tesla on track on the best day since late June. – CNBC’s Yunlee, Sean Conlon and Scott Schnipper contributed the report.
