These companies are trending in intraday trading. QUANTINUM — Stocks fell more than 8%. Quantinum listed on the Nasdaq market on Thursday, but received a lukewarm response and closed the day flat. Friday’s decline took the stock below its initial public offering price of $60 per share. Quantum computing stocks also fell in tandem, with Righetti Computing shares down 13% and DWave Quantum shares down nearly 12%. Consumer staples, health care — These sectors were a bright spot in Friday’s selloff as investors shunned tech stocks as a defensive part of the market. Consumer staples were last up 2%, while shares of Colgate-Palmolive, Coca-Cola and Procter & Gamble rose more than 3%. The healthcare sector rose 1.7%, Insulet’s stock rose nearly 5% and Eli Lilly’s stock rose nearly 3%. FedEx Freight Holding Company — Shares rose more than 8% as the FedEx spinoff heads into a strong week. FedEx Freight, which focuses on the sub-truckload industry, began trading on the New York Stock Exchange on June 1. The stock is on track to rise 6% for the week. Lululemon Athletica — Shares fell 9% after Lululemon Athletica lowered its full-year earnings and revenue outlook, citing headwinds. According to LSEG, the company’s profit and revenue outlook for the current quarter also fell short of analysts’ expectations. Docusign — Shares fell 6% as the software stock’s outlook failed to impress the public. The company expects second-quarter revenue to be in the range of $865 million to $869 million, including LSEG’s consensus estimate of $866 million. CHIP STOCKS — Stocks for many companies fell again on Friday, continuing to fall after Broadcom’s earnings release earlier this week. Broadcom stock fell 6%, after falling more than 12% the previous day. Advanced Micro Devices stock fell 8%, as did Intel and Qualcomm stock prices. Arm’s stock price fell 10%. Nvidia stock fell more than 4%. Memory stocks — The decline in chip makers also extended to memory stocks, which suffered another day of declines. Micron Technology stock fell about 8%, and Lam Research stock fell 6%. Seagate Technology’s stock price fell just under 5%. SanDisk shares fell nearly 8%. Cooper Companies — Shares rose about 8% after the medical device company reported second-quarter adjusted earnings of $1.21 per share, beating consensus estimates of $1.10 per share, according to FactSet. Cooper Companies also posted revenue of $1.08 billion, which was higher than the $1.05 billion expected by analysts. Guidewire Software — The software stock was down about 10%. According to Street accounts, Guidewire posted an adjusted gross margin of 66.4% in the third quarter, compared to analysts looking for 67%. However, the company exceeded expectations in sales and final profit for the latest period. Chipotle Mexican Grill — Shares rose nearly 5% after JPMorgan upgraded the stock from equal weight to overweight. The bank said it believes the stock has more upside potential than downside, given the company’s same-store sales growth in the first quarter. Argan — The construction engineering company’s stock rose 6%. First-quarter results exceeded expectations, with Argan reporting revenue of $291 million, or $3.24 per share. Analysts polled by FactSet had expected earnings of $2.31 per share and revenue of $256 million. ServiceTitan — Shares of the contractor-focused software platform provider soared about 5%. ServiceTitan has raised its full-year outlook and now expects adjusted operating income to be in the range of $142 million to $147 million. This beats prior expectations of $128 million to $133 million and the FactSet consensus call for $131.6 million. Crypto stocks — Bitcoin prices fell 4%, briefly falling below $60,000, its lowest level since October 2024. Stocks exposed to cryptocurrencies also fell in tandem. Cryptocurrency treasury firm Strategy sold a small amount of its Bitcoin holdings earlier this week, triggering a sell-off in Bitcoin and sending its stock price down more than 8%. Shares of trading platforms Coinbase and Robinhood fell 8% and 7%, respectively. —CNBC’s Lisa Kailai Han and Darla Mercado contributed reporting.
