Bell: Check out the companies making headlines in front of Opendoor Technologies. Online real estate startup has won over 13% and extended its rally driven by retailers chasing meme stocks. Opendoor, often cited on Reddit’s Wallstreetbets forum, is more than 500% ahead of the month. Trading volume exploded to 1.9 billion shares on Monday, bringing over 1,700% of the three-month average, according to Factset. General Motors – Shares fell almost 4% despite carmakers exceeding sales and profit expectations in the second quarter. Interest and $3.04 billion pre-tax adjusted earnings were higher than analysts estimated, but fell more than 31% from a year ago. According to LSEG, Lockheed Martin – the Air Force’s manufacturer of F-35 fighter bombers fell 8% after a quarterly revenue of $18.16 billion analyst consensus estimate of $185.7 billion. Earnings per share of $1.46 was not comparable to estimates. Lockheed also reported $1.6 billion losses due to some defense programs, with management saying “the ongoing program review process has identified new developments that have caused them to reassess the financial position on a set of major legacy programs.” COCA-COLA – Soft drink makers soaked the locality after Cola put its Wall Street estimates on top for quarterly revenue and revenue. Coke also repeated its full-year forecast for organic revenue growth, reducing its outlook to the top of its previous range, earning comparable revenue per share. NXP Semiconductors – Dutch semiconductor manufacturers fell 6% in the second quarter after sales fell due to slower demand in the automotive market. Otherwise, NXP beat the top line and bottom line, earning an adjusted profit of $2.72 on revenue of $267 million, exceeding the expected $2.67 for analysts voted by LSEG. Steel Dynamics – Stocks have retreated nearly 2% after Steelmaker’s second quarter results dragged expectations. Medpace – Outsourced clinical development service providers surged over 45% after quarter net income and revenue surpassed analyst estimates, increasing full-year guidance. GAAP earnings of $3.10 per share exceeded the Factset Consensus estimate of $2.98, with revenue beating $633.3 million and the expected $538.8 million. Norfolk Southern’s CSX – Stocks of Freight Railroad CSX in Jacksonville, Florida rose roughly 4% in a report that it is under discussion to attract financial advisors amid speculation about further consolidation in the industry. Norfolk Southern’s shares were slightly higher after the Wall Street Journal said Union Pacific reportedly was investigating rail bids. Dr. Houghton – After quarter results exceeded expectations, home builders surged 7%, exceeding $3.36 per share, exceeding the expected $2.89 analysts surveyed by FactSet. Revenue of $9.23 billion exceeded an estimated $8.75 billion. Pultegroup – The shares went to 1% after the homebuilder recorded second-quarter earnings of $3.03 per share. Pultegroup’s $4.4 billion revenue came ahead of the expected $43.9 billion. Northrop Grumman – Stocks rose 3% after Northrop Grumman posted second-quarter revenues to $103.5 billion, with an LSEG consensus estimate of $10.7 billion. Zions Bancorporation – The stock rose almost 3% after Zions listed its second-quarter earnings at $1.63 per share, with the LSEG consensus estimate of $1.31 per share. “We are gradually more optimistic about growth in the second half of the year than before,” said Harris Simmons, CEO of Zions. Albertsons Companies – The grocery chain rose 2.2% after UBS upgraded Albertsons to purchases from neutral and raised its 12-month price target to $27 per share. Agilysys – Hospitality Software Company’s first quarter EBITDA is $12.5 million, so Factset Consensus estimates sank 11% after delaying $14.0 million. According to Calix – Factset, the telecoms rose 3% after quarterly earnings of 33 cents per share surpassed analysts’ 21 cent estimates. Revenue of $241.9 million exceeded the $223.9 million expected by analysts. – Reports of contributions from CNBC’s Lisahan, Alex Harling, Spencer Kinball, Yunlee and Tanayama Shell
