Check out some of the biggest movers at midday: Walmart — Shares of the nation’s largest brick-and-mortar retailer fell 9%. Walmart’s second-quarter sales beat expectations, but same-store sales rose 2.6%, falling short of the 3.5% expected by analysts polled by FactSet. Earnings per share estimates for the third quarter and full year were also lower than expected. Deere — The tractor maker’s stock rose nearly 9% after Deere’s fiscal third quarter beat expectations. The Illinois-based company had profit of $5.10 per share on revenue of $11 billion. LSEG’s consensus estimate was $4.70 per share, or $10.73 billion. Deere also raised the lower end of its full-year net profit outlook to $4.75 billion to $5.0 billion, compared to the FactSet consensus estimate of $4.88 billion. Webull — The online trading platform provider’s stock rose more than 4%. Adjusted operating profit totaled $62.6 million in the second quarter, beating analysts’ expectations of $33.5 million, according to FactSet. Sales were $198.8 million, exceeding expectations of $183 million. Cryptocurrency Stocks — Cryptocurrency stocks rose as Bitcoin and Ether soared after President Donald Trump called on Congress to pass crypto-friendly legislation. Coinbase, Strategy, and Circle Internet shares each rose about 8%, Mara Holdings’ stock rose 12%, and American Bitcoin’s stock rose 7%. Transocean — Shares rose 2% after the offshore drilling services contractor signed a $300 million, two-year contract with India’s ONGC for an ultra-deepwater drilling vessel, with options extended to 2031. Moderna — Shares of the biotech company that uses messenger RNA plunged 25%, a day after soaring 177% on the back of promising late-stage trial results for its skin cancer vaccine. The trial showed that the experimental vaccine developed by Merck and Keytruda met important goals in patients with high-risk or advanced melanoma whose detectable cancer was completely removed by surgery. Nordson — Shares rose about 7% after the maker of equipment used to apply coatings and adhesives raised its full-year outlook. Nordson now expects adjusted earnings to be between $11.80 and $12 per share, up from its previous forecast of $11.30 to $11.80 per share. This outlook beats FactSet’s consensus call of $11.60 per share. Advance Auto Parts — Shares of the auto parts provider fell 25% after mixed second-quarter results. Advance Auto Parts’ sales of $2 billion fell short of the $2.04 billion expected by analysts compiled by LSEG, according to FactSet, and same-store sales fell 0.5% compared to the 1.4% increase expected based on analysts’ consensus estimates. Coty — Shares fell 9% after the cosmetics maker reported a bigger-than-expected quarterly loss and called fiscal 2027 a “year of transition.” Coty’s adjusted loss per share for the fourth quarter was 2 cents, double the 1 cent loss expected by analysts surveyed by LSEG. Wolfspeed — The semiconductor components maker’s stock fell 15%. Quarterly revenue was $149.6 million, below the FactSet consensus estimate of $150 million. NetEase — The Chinese tech company’s U.S.-listed shares fell 5% after its quarterly profit fell short of analysts’ expectations. CrowdStrike — Shares of the cybersecurity provider fell 4% after Axios reported that Chief Technology Officer Elia Zaitsev is leaving to start an AI-focused cyber venture fund called Cognition. — CNBC’s Darla Mercado contributed reporting.
