Here are the names making headlines in midday trading. CarMax — The online marketplace for autos plunged 15%. Fourth-quarter adjusted earnings of 34 cents per share and revenue of $5.95 billion surpassed analysts’ estimates, but reflected declines from the year-ago period. CarMax also paused its share repurchase program during the quarter. Bitcoin-linked stocks — The flagship cryptocurrency jumped nearly 3% as investors continued to embrace a risk-on sentiment. Bitcoin was last trading above $75,000. Shares of stocks tied to the crypto also jumped. Robinhood advanced nearly 10%, while Coinbase and bitcoin treasury company Strategy rose 6%. Dell , HP — The makers of PCs were both down after Nvidia denied an unconfirmed report that it was weighing a deal for a large PC-focused company. Dell shares fell more than 3%, while HP tumbled nearly 2%. Energy stocks — Oil prices tumbled Tuesday after the White House said another round of negotiations between the U.S. and Iran are under discussion, but nothing has been scheduled yet. West Texas Intermediate crude oil futures were last down more than 6%, and Brent futures were off 4%. The energy sector of the S & P 500 fell more than 2%, with APA down more than 5% and Occidental Petroleum losing 4.7%. Travel stocks — Shares of cruise operators and airlines rose as energy prices slid. Cruise companies Carnival and Royal Caribbean were last up 4% and nearly 1%. Southwest Airlines gained almost 6%, while Delta Air Lines rose 7%. Novo Nordisk — U.S.-listed shares popped 3% after the company announced a partnership with OpenAI . “Integrating AI in our everyday work gives us the ability to analyse datasets at a scale that was previously impossible, identify patterns we could not see, and test hypotheses faster than ever,” Novo CEO Mike Doustdar said in a statement. JPMorgan Chase — The banking giant posted better-than-expected first-quarter results . JPMorgan Chase earned $5.94 per share on revenue of $50.54 billion. LSEG data shows analysts had penciled in a profit of $5.45 per share on revenue of $49.17 billion. However, the stock quickly gave back an initial gain and was down nearly 1% after it lowered its net interest income guidance. Wells Fargo — Shares slid almost 5% after the company’s first-quarter results failed to impress investors. The bank earned $1.60 per share, though that number was not comparable to an LSEG estimate of $1.58 as it includes a tax benefit. Revenue, meanwhile, was just below the analyst consensus at $21.45 billion. Johnson & Johnson — The pharma giant reported slightly better-than-expected results for the first quarter, sending shares up around 1%. J & J earned an adjusted $2.70 per share on revenue of $24.06 billion. Analysts expected a profit of $2.66 per share on revenue of $23.63 billion, per LSEG. Full-year earnings guidance was also slightly better than expected. BlackRock — The asset management giant climbed 4% on first-quarter earnings and revenue that beat the Street . BlackRock earned $12.53 per share on an adjusted basis and revenue of $6.7 billion. Analysts polled by LSEG expected a profit of $11.54 per share on revenue of $6.46 billion. United Airlines , American Airlines — United shares gained 4% following reports that CEO Scott Kirby had pitched a merger with American during a meeting with President Donald Trump. American Airlines shares advanced nearly 9%. Ford Motor — Shares rose about 4% after an upgrade from UBS to buy from neutral. The bank said the auto company’s potential earnings power is underappreciated, and that it can handle the headwinds of higher aluminum and gas prices from the U.S.-Iran war. Globalstar — Shares advanced nearly 11% after Amazon announced it would acquire the satellite operator for $11.57 billion as it looks to challenge Elon Musk ‘s Starlink. Amazon’s stock rose 3.6%. Credo Technology – Shares jumped 18% after the semiconductor company said late Monday it agreed to acquire DustPhotonics, a developer of optical transceiver technology. Credo will pay $750 million in cash and 920,000 shares of its stock as part of the deal. Bloom Energy , Oracle — Shares of the two companies rose after Bloom Energy, a maker of solid oxide fuel cells, said it’s expanded a partnership with Oracle to build out its AI and cloud computing capabilities. Shares of Bloom Energy rallied 23%, while Oracle gained nearly 5%. — CNBC’s Davis Giangiulio, Michelle Fox, Liz Napolitano, Sarah Min and Nick Wells contributed reporting. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds – from financial professionals to everyday individuals – come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you’re starting from, you’ll leave with clearer thinking, stronger strategies. Enter your email here to get a discount code.
