Check out the companies that made the biggest moves midday: Energy stocks – Stocks plummeted as oil prices fell more than 12% after Iran opened the Strait of Hormuz during the ceasefire between Israel and Lebanon. Apa Corporation fell more than 9% and Valero Energy fell more than 8.5%. Occidental Petroleum fell more than 7% and Exxon Mobil fell 5%. Chevron fell more than 4%. Travel stocks — The group rallied after Iran declared the Strait of Hormuz open to commercial navigation. Royal Caribbean soared 9.7%. United Airlines also rose more than 9%. Expedia rose 5%. Critical Metals — Shares rose more than 40% after the Greenlandic government approved the transfer of a 50.5% interest in Tambreez Mining to Critical Metals. This will increase the company’s stake in rare earth mines to 92.5%. Strategy – Bitcoin treasury company made a profit of about 13%. On the day, Bitcoin rose 3% to over $77,000, and the value of Strategy’s Bitcoin holdings returned to positive territory, marking a profit. In early February, the leading cryptocurrency fell below Strategy’s average purchase price of $76,052. Autoliv — The maker of airbags, seat belts and steering wheels jumped 10% after first-quarter earnings of $2.05 per share, excluding one-time items, beat Wall Street consensus of $1.83, according to FactSet data. Revenue of $2.75 billion exceeded analysts’ highest expectations. Chemical stocks – After Iran reopened the Strait of Hormuz, stocks of chemical manufacturers linked to the agricultural market plummeted. Waterways play an important role in transporting fertilizer components. Intrepid Potash and CF Industries fell 10%, and the Dow fell 11%. Onto Innovation — The semiconductor process control equipment maker surged more than 8% after preliminary first-quarter sales easily beat street expectations and Stifel Financial upgraded Onto from hold to buy and raised its 12-month price target to $350. Badger Meter — The maker of water measurement and control machinery fell 18%. Earnings per share, sales and operating profit for the first quarter all fell short of Wall Street analysts’ consensus estimates. Netflix — The streaming platform fell 9% as investors deemed the streaming giant’s forecasts disappointing. Netflix expects second-quarter earnings of 78 cents per share, below the 84 cents per share expected by analysts surveyed by LSEG. Stock prices were also weighed down by the announcement that Netflix co-founder and chairman Reed Hastings plans to step down from the company’s board in June when his term expires. Alcoa — Shares fell 7% after the aluminum producer announced poor results last quarter. Adjusted earnings were $1.40 per share, compared to analysts’ estimates compiled by LSEG of $1.49 per share. The company’s revenue of $3.19 billion also fell short of expectations of $3.28 billion. Affirmation — The buy now, pay later company soared more than 8% after Morgan Stanley named its stock its top priority stock. Morgan Stanley said Affirm has the potential for earnings upside and that easing private credit concerns should help support the company’s stock price, which has fallen 19% in 2026. ALBEMARLE — Shares fell more than 8% after Baird Co. was downgraded from outperform to neutral. The downgrade came after the chemical company soared 16% on Thursday. Ally Financial — The bank soared 9% after reporting a revenue beat but missing out on revenue. Ally earned $1.11 a share in the first quarter, beating expectations of $0.93, according to analysts surveyed by FactSet. Revenue was $2.1 billion, slightly below expectations of $2.14 billion. — CNBC’s Darla Mercado, Davis Giangiulio, Scott Schnipper, Lisa Kailai Han and Nick Wells contributed reporting.
