Here are some companies that are making headlines in intraday trading. ENERGY COMPANIES — Stock prices of energy companies soared as West Texas Intermediate crude oil futures rose above $100 a barrel as tensions in the Middle East escalated. Oilfield services company SLB’s stock rose more than 7% and Halliburton’s stock rose 6%. Shares of APA Corporation and Diamondback Energy rose about 5%, while Chevron’s stock rose more than 2%. CYBERSECURITY ACTIVITIES — Stocks of cybersecurity companies were expected to end the week on a high after U.S. security agencies warned of vulnerabilities in PHP, the programming language used to build much of the Internet. Shares of CrowdStrike and Palo Alto Networks each rose about 6%, while the Global X Cybersecurity ETF (BUG) rose 4% on Friday. CrowdStrike and Palo Alto stock prices are on track to rise more than 10% each week. DISCOUNT RETAILERS — Dollar Tree and Five Below are among the discount retailers whose stock prices fell after Wells Fargo & Co. warned that rising diesel prices could squeeze profits from the second half of this year into 2027. Shares of Dollar Tree, Dollar General and Ollie’s Bargain Outlet all fell more than 5%, while Five Below’s stock fell about 2%. SK Hynix — The semiconductor company’s U.S. distribution shares rose more than 4% after SK Hynix canceled plans to debut its Solidigm memory business in the United States. American Express — Shares fell more than 3% after the financial services company announced it would cut about 5% of its global workforce and incur $336 million in restructuring costs. Norwegian Cruise Line — The company’s stock price fell more than 3% after JPMorgan downgraded the stock to underweight. The company also lowered its price target to $11 from $13 and raised its third-quarter fuel cost assumption to approximately $207 million. SS & C Technologies — a software provider focused on financial services companies, released fourth-quarter earnings guidance that disappointed Wall Street. SS&C expects sales in the range of $1.7 billion to $1.74 billion for the period, compared to the FactSet consensus of $1.75 billion. The stock price last time fell more than 6%. Deckers — The company’s stock fell 4% after the company reported second-quarter results late Thursday that fell short of analysts’ expectations. LSEG said its revenue for the period was $1.43 billion, compared to the $1.51 billion expected by Wall Street. Revenues from top brands Hoka and Ugg were below StreetAccount consensus estimates. Telecommunications stocks — AT&T and T-Mobile shares each fell more than 5%, and Verizon stock fell 1% after a Bloomberg News report that SpaceX is in private talks to lease 80,000 cell phone towers. SpaceX is looking to combine Starlink’s device-direct network with ground infrastructure to create the nation’s fourth wireless carrier, Bloomberg reported, citing people familiar with the discussions. Shares of cell phone tower owners Crown Castle and American Tower rose about 10% and 3%, respectively. According to Bloomberg, Crown Castle is one of the companies involved in negotiations. SpaceX — Elon Musk’s space and AI company’s stock was also rising on Wall Street upgrades. Philip Capital doubled the stock from sell to buy and raised its price target from $75 to $250, citing the AI business’s impressive earnings. The new price target represents an increase of about 73% from Thursday’s closing price. SpaceX stock has recently risen nearly 2%. Bloom Energy — Shares fell about 12% after the energy technology solutions provider for data centers reported third-quarter earnings late Thursday. Despite beating revenue and bottom line and raising its full-year 2026 earnings per share outlook, investors noted that Bloom Energy reported negative free cash flow in the quarter. —CNBC’s Nick Wells and Darla Mercado contributed reporting.
