Here are the stocks that made headlines during intraday trading: CarMax — The online marketplace for cars plummeted 15%. Fourth-quarter adjusted earnings of 34 cents per share on revenue of $5.95 billion beat analyst expectations but reflected a decline from the year-ago period. CarMax also suspended its stock repurchase program during the quarter. Bitcoin-related stocks — The flagship cryptocurrency soared nearly 3% as investors continued to embrace risk-on sentiment. Bitcoin was last trading above $75,000. Stock prices related to virtual currencies also rose. Robinhood rose nearly 10%, while Coinbase and Bitcoin treasury firm Strategy rose 6%. Dell, HP — PC makers both fell after Nvidia denied unconfirmed reports that it was considering a deal with a large PC-focused company. Dell stock fell more than 3%, and HP fell nearly 2%. ENERGY STOCK — Oil prices fell on Tuesday after the White House announced that renegotiations between the U.S. and Iran are under discussion, but nothing is scheduled yet. West Texas Intermediate crude oil futures recently fell more than 6%, and Brent crude oil futures fell 4%. The S&P 500’s energy sector fell more than 2%, APA fell more than 5% and Occidental Petroleum fell 4.7%. Travel stocks — Cruise and airline stocks rose as energy prices fell. Cruise lines Carnival and Royal Caribbean were last up 4% and nearly 1%. Southwest Airlines rose nearly 6% and Delta Air Lines rose 7%. Novo Nordisk — U.S.-listed shares soared 3% after the company announced a partnership with OpenAI. “By integrating AI into our daily operations, we can now analyze data sets at a scale never before possible, identify hidden patterns, and test hypotheses faster than ever before,” Novo CEO Mike Doustdar said in a statement. JPMorgan Chase — The banking giant reported better-than-expected results in the first quarter. JPMorgan Chase & Co. earned $5.94 per share on revenue of $50.54 billion. Analysts had expected earnings of $5.45 per share on revenue of $49.17 billion, according to LSEG data. But the stock quickly regained its initial gains, falling nearly 1% after lowering its net interest income outlook. Wells Fargo — Shares fell nearly 5% after the company’s first-quarter results failed to impress investors. The bank earned $1.60 per share, which did not match LSEG’s estimate of $1.58 because that figure includes tax benefits. Meanwhile, revenue was slightly below analyst consensus of $21.45 billion. Johnson & Johnson — The pharmaceutical giant reported slightly better-than-expected results in the first quarter, sending its stock up about 1%. J&J had adjusted earnings per share of $2.70 and revenue of $24.06 billion. Analysts had expected LSEG to report revenue of $23.63 billion and earnings of $2.66 per share. The full-year profit forecast was also slightly higher than expected. BlackRock — The wealth management giant rose 4% as its first-quarter earnings and sales beat the Street. BlackRock had adjusted earnings of $12.53 per share on revenue of $6.7 billion. Analyst estimates compiled by LSEG were for earnings of $11.54 per share and revenue of $6.46 billion. United Airlines, American Airlines — United shares rose 4% after reports that CEO Scott Kirby proposed a merger with American Airlines during a meeting with President Donald Trump. American Airlines stock rose nearly 9%. Ford Motor — Shares rose about 4% after UBS upgraded the company to Neutral Buy. The bank said the automaker’s earning potential was undervalued and that it could handle the headwinds of rising aluminum and gasoline prices from the U.S.-Iran war. Globalstar — Shares rose nearly 11% after Amazon announced it would buy a satellite carrier for $11.57 billion to compete with Elon Musk’s Starlink. Amazon stock rose 3.6%. Credo Technology – Shares rose 18% after the semiconductor company announced late Monday that it had agreed to acquire DustPhotonics, a developer of optical transceiver technology. Credo will pay $750 million in cash and 920,000 shares of its own stock as part of the deal. Bloom Energy, Oracle — Shares of both companies rose after solid oxide fuel cell maker Bloom Energy announced an expanded partnership with Oracle to build AI and cloud computing capabilities. Bloom Energy shares rose 23%, and Oracle rose nearly 5%. — CNBC’s Davis Giangiulio, Michelle Fox, Liz Napolitano, Sarah Min and Nick Wells contributed reporting. Markets change and headlines fade, but the fundamental principles of building long-term wealth remain the same. Join us for the third annual CNBC Pro LIVE. Investors from all backgrounds, from financial professionals to individuals, come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you start, you’ll leave with clearer thinking and a stronger strategy. Enter your email address here to get your discount code.
