Check out the companies that made the biggest moves midday: Newmont, Freeport-McMoRan — Metals miners fell 9.6% and 7.6%, respectively, as gold and silver slumped from record levels. The move came after President Donald Trump nominated Kevin Warsh to replace Jerome Powell as Fed chair, allaying fears that the central bank would lose its independence. Apple — The stock fell 1.3% even after the company announced strong first-quarter results due to significantly strong revenue from the iPhone 17 model launched in September. Apple earned $2.84 per share for the quarter, beating the $2.67 per share expected by analysts surveyed by LSEG. Sales totaled $143.76 billion, significantly exceeding analysts’ expectations of $138.48 billion. Overall iPhone sales increased 23% on an annual basis to $85.27 billion. Chevron — The oil giant announced fourth-quarter profits that beat analysts’ expectations, thanks to record oil production. The company’s adjusted earnings were $1.52 per share, beating the LSEG consensus of $1.45 per share. The stock price rose more than 1%. Sandisk — The data storage device maker shared solid guidance, sending its stock up 10%. SanDisk expects fiscal third-quarter adjusted earnings to be in the range of $12 to $14 per share. By comparison, the FactSet consensus is $5.11 per share. The company’s second-quarter results also exceeded Wall Street expectations in terms of sales and bottom line profits. Visa — Despite strong first-quarter results, the financial giant’s stock fell 2.6%. Visa posted an adjusted profit of $3.17 per share on revenue of $10.9 billion, driven by a surge in cross-border payments and payments. That beat LSEG’s $3.14 per share estimate and analysts’ estimates of $10.69 billion. Deckers Outdoor — The maker of Ugg boots and Hoka sneakers saw its stock rise 16.1% after the company released 2026 guidance that beat Wall Street expectations. Dekkers expects earnings for the period to be between $6.80 and $6.85 per share and revenue between $5.4 billion and $5.43 billion. Analysts polled by LSEG had expected earnings of $5.37 billion, or $6.40 per share. Stryker — The medical device company rose 3.2% after fourth-quarter results beat expectations. Stryker reported adjusted earnings of $4.47 per share. By comparison, the FactSet consensus was $4.40 per share. Revenue of $7.17 billion exceeded analysts’ expectations of $7.12 billion. KLA Corporation — The semiconductor equipment maker fell more than 13.4% after announcing fiscal third-quarter earnings, excluding one-time items, in the range of $8.30 to $9.86 per share, versus the LSEG consensus estimate of $8.80. KLA estimated third-quarter sales of $3.2 billion to $3.5 billion, compared to the Street’s $3.25 billion. Verizon — Verizon’s stock rose 9% after strong fourth-quarter sales and bottom line results. The company reported adjusted earnings of $1.09 per share, compared to estimates of $1.05 per share by analysts surveyed by LSEG. Revenue was $36.38 billion, beating the consensus estimate of $36.06 billion. The full-year adjusted EPS outlook also exceeded expectations. ExxonMobil — The oil major’s stock fell 1.5% despite beating Wall Street’s fourth-quarter expectations. Sales and profits decreased due to the decline in oil prices. Exxon earned an adjusted profit of $1.71 per share on revenue of $82.31 billion. Analysts surveyed by LSEG had expected sales of $81.43 billion and earnings of $1.68 per share. — CNBC’s Darla Mercado, Pia Singh, Michelle Fox, Christina Cheddarburk and Scott Schnipper contributed reporting.
