Check out the companies that are trending in intraday trading. Bank stocks — All 101 stocks in the State Street SPDR S&P Bank ETF (KBE) fell on Friday as the spread between two-year and 10-year Treasury yields widened, in a move known as bear steepening, which often signals higher expectations for future inflation. A steeper yield curve can compress banks’ net interest margins, lower asset values, increase credit risk, and dampen demand for loans. Western Alliance Bancorp fell about 12%, Rocket Companies fell 4% and ServisFirst Bancshares fell nearly 5%. Fertilizer stocks — Fertilizer stocks rose again on Friday as they are likely to benefit from supply shortages and higher prices from the war with Iran. More than a third of the raw materials used for fertilizers pass through the Strait of Hormuz. CF Industries rose 5% to a new 52-week high and is on track for a record close. The stock has increased about 17% so far this week. Intrepid Potash rose 9%, also hitting a 52-week high. Week-to-date gains could reach almost 17%. Nutrien stock rose 2%, but is up only 1% this week. United Airlines — Shares fell nearly 4% after CEO Scott Kirby said recent fuel price increases since the U.S. and Israeli attack on Iran last weekend would have a “material” impact on United Airlines’ first-quarter results. Delta Air Lines’ stock fell by 4%, and Southwest Airlines’ stock fell by 6%. Cruise lines Norwegian and Carnival also fell about 6% each. US crude oil futures are up more than 34% for the week, with jet fuel and diesel being petroleum distillates. BlackRock — The investment management firm founded by Larry Fink fell more than 6% after a spike in outflows caused BlackRock to limit redemptions of private credit funds. BlackRock’s HPS Corporate Lending Fund received withdrawal requests representing 9.3% of the fund’s net asset value. Gap — The apparel maker’s stock fell about 13% after Gap reported fourth-quarter profit of 45 cents per share, just short of analysts’ expectations of 46 cents per share, according to LSEG. Gap’s sales were $4.24 billion, in line with expectations. Marvell Technology — The company, which makes integrated circuits and semiconductor products, saw its stock rise 21% on strong quarterly results driven by demand for artificial intelligence. For the fourth quarter, Marvell reported adjusted earnings of 80 cents per share on revenue of $2.22 billion. Analysts polled by LSEG had expected earnings of 79 cents a share and revenue of $2.21 billion. Management said Marvell expects fiscal 2027 sales to increase quarterly year over year. Trucking Stocks — Trucking stocks fell as tensions over the U.S.-Iran conflict escalated overnight and oil prices climbed above $90 a barrel. Rising diesel prices could put pressure on corporate profits. SAIA fell more than 9% and Old Dominion fell about 8%. RXO fell more than 11%. Day One Biopharmaceuticals — The biopharmaceutical company’s stock soared more than 65% after it agreed to be acquired by French drugmaker Servier for $2.5 billion. Servier has signed an agreement to strengthen its brain tumor treatment portfolio. Day One’s Ojemda is the only monotherapy approved by the Food and Drug Administration to treat low-grade glioma, the most common pediatric Brian’s tumor. Samsara — Shares rose 15% after the telematics software company reported rosy guidance. Samsara expects full-year adjusted earnings of 65 cents to 69 cents per share on revenue of $1.97 billion to $1.98 billion. LSEG consensus calls for earnings of 59 cents per share and revenue of $1.92 billion. The company said in a press release that it is now using AI to automate workflows and enhance operations. Guidewire Software — Shares rose 4% after the property/casualty insurance software company reported better-than-expected second-quarter results. Guidewire Software reported earnings of $1.17 per share on an adjusted basis on revenue of $359.1 million. Analysts polled by LSEG had expected revenue of $342 million and profit of 77 cents. Cooper Companies — Shares fell 3% after the medical device company reported fourth-quarter revenue of $1.02 billion, which met but did not beat analyst expectations. However, Cooper raised his full-year outlook, expecting adjusted earnings of $4.58 to $4.66 per share. This beats the FactSet consensus of $4.52 per share. First-quarter profits also exceeded Street expectations. —CNBC’s Pia Singh, Fred Imbert, Scott Schnipper, Christina Cheddar-Berk and Darla Mercado contributed reporting.
