Norfolk Southern, Union Pacific: Union Pacific said it is in high-level consultations on a potential combination with Norfolk Southern. Union Pacific stocks fell almost 3%, while Norfolk Southern slipped under 1%. CSX – Shares rose less than 1% after talks while rival railway operators blocked contract speculation. The company’s CEO, Joseph Hinrichs, said in an interview that he was open to “all possibilities.” IBM – Tech stocks fell 7% after the company reported disappointing revenue in its software business. IBM has raised its full-year free cash flow forecast, but retained its revenue forecast. American Eagle Outfitters – Apparel retailer added 4% after launching an ad campaign featuring actress Sydney Sweeney. American Eagle has declined by almost 50% over the past year. This move comes amid the revival of Meme Stock Activial, which was hit by Opendoor, Gopro, and others. Opendoor Technologies jumped 18%, while Krispy Kreme lost nearly 2%. UnitedHealth Group – Health insurance company stock fell approximately 4% after saying it complies with the Department of Justice’s criminal and civil requirements as part of an investigation into Medicare claims. The company said it is “completely confident” in its practices. ALBEMAR – After a nightly surge in lithium futures, US miners’ stocks rose nearly 6% amid rumors that China is trying to deal with overcapacity by cracking down on mines that violate rules and regulations. West Pharmaceutical – Pharmaceutical Company’s stock has risen by more than 20% after raising its earnings forecast. Bloom Energy – Stocks rose more than 22% after a fuel cell developer signed an agreement with Oracle to deliver on-site power to the high-tech company’s artificial intelligence data centers. Dow Inc. – Chemical Company’s stock slipped over 16% after disappointing its second quarter results. According to LSEG, the Dow has posted a loss of 42 cents per share with $10.1 billion in revenue, with analysts postponing a loss of 17 cents per share and $10.23 billion in losses. Alphabet – Google Parent stock rose 1% on an unexpected revenue report. According to LSEG, Alphabet reported revenue of $2.31 per share with revenue of $96.43 billion for the second quarter. ServiceNow – Stocks rose nearly 4%. The software company hiked year-round guidance on subscription revenues after breaking Wall Street expectations for the second quarter. Chipotle – Shares in the fast casual burrito chain plummeted 13%. The company reduced sales forecasts for the same store than LSEG voted for, recording lower second quarter revenues. Tesla – Electric car makers fell 9% after losing expectations on both lines in the second quarter. Tesla received an adjusted 40 cents per share with $22.5 billion in revenue, missing consensus estimates for revenue of 43 cents per LSEG and revenue of $22.744 billion. Honeywell – The stock fell 5% despite Honeywell’s breach of its second quarter revenue and expectations of bright guidance. Honeywell reported $2.75 per share in revenue of $2.75 per share, exceeding $2.66 per share in revenues, exceeding $107 billion from analysts surveyed by LSEG. American Airlines – Airline shares fell 8% after its third quarter profit forecast failed to meet expectations. In the third quarter, Americans said they expected an adjusted share loss of 10 to 60 cents, with analysts voted by LSEG estimated a loss of 7 cents. T-Mobile – Shares rose 6% after telecoms shared better than expected second-quarter earnings. T-Mobile recorded revenue earnings of $2.84 per share, $21.3 billion, breaking an estimated $2.67 per share and $21.02 billion from analysts. Las Vegas Sands – Casino Operator stocks rose 4% after second quarter earnings results surpassed forecasts. Las Vegas Sands reported an adjusted earnings of 79 cents per share against revenues of $3.18 billion, compared to revenues of 53 cents per share from analysts surveyed by LSEG. Molina Healthcare – Stocks of pigeons at 14% against low retirement rates. Molina won an adjusted $5.48 per share, $5.48. -CNBC’s Alex Hurling, Yun Lee and Tanaya Machel contributed the report.
