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LivestreamMenuHere are some of the companies making headlines in midday trading. Genuine Parts — The provider of automotive replacement parts dropped almost 3% after management confirmed that the company isn’t in talks with any competitor over a potential transaction. Earlier this month, Bloomberg News reported, citing people familiar, that O’Reilly Automotive was interested in acquiring Genuine Parts’ auto parts business. O’Reilly was last up nearly 4%. Equifax – Shares of the credit bureau dropped 7%. Equifax issued third-quarter guidance that disappointed Wall Street, calling for adjusted earnings of $2.15 to $2.25 per share on revenue of $1.68 billion to $1.71 billion. The FactSet consensus anticipated $2.26 per share in earnings and $1.71 billion in revenue. Memory chips — Traders snapped up shares of memory chip companies ahead of key tech reports due this week that will shed light on the state of the artificial intelligence trade. The Roundhill Memory ETF (DRAM) jumped 11%, while Micron Technology , Western Digital and Seagate Technology each added about 12%. Coinbase Global , Robinhood — Stocks tied to cryptocurrency jumped as bitcoin touched its highest level since June 16. Crypto trading platform Coinbase advanced almost 12%, while trading app company Robinhood jumped 9%. TeraWulf , a bitcoin mining company, rose 8%. Hasbro — Shares were up 7% after the game and toy company reported an earnings and revenue beat in its second-quarter financial report. Hasbro also raised its adjusted EBITDA guidance for full-year 2026. Growth was led by Hasbro’s “Magic: The Gathering” trading card game, with quarterly revenue topping $500 million for the first time in the product’s more than 30 year history, the company said. MSCI — The markets index builder tumbled 9% after it reported weaker-than-expected results for the second quarter. MSCI earned an adjusted $4.94 per share on revenue of $867 million. Analysts polled by StreetAccount expected a profit of $4.99 per share on revenue of $870.7 million. Novartis — Shares rose 2% after the Swiss pharmaceutical company posted second-quarter core earnings and revenue that exceeded expectations, adding that it “remains on track” to deliver on its full-year guidance and midterm outlook. General Motors — The company earned an adjusted $3.57 per share on revenue of $48.03 billion. Analysts polled by LSEG expected a profit of $3.20 per share on revenue of $47.01 billion. Shares gained more than 5% on the back of the results. Danaher — The life sciences equipment manufacturer tumbled 13%. Danaher forecast third-quarter core revenue growth of 2%-3%, and lowered full-year non-GAAP core revenue guidance to 3%-4% from 3%-6% previously, StreetAccount said. Second-quarter earnings and revenue topped Wall Street estimates, according to FactSet data. Utz Brands — The potato chip and pretzel maker soared about 90% after agreeing to a buyout from Germany’s Intersnack Group for $14.25 a share in cash. The deal is expected to close in the fourth quarter, subject to regulatory approval. Nebius Group — The AI cloud company rallied 15% after Nvidia disclosed a 9.3% stake in the Amsterdam-based company, which has turned into one of Europe’s leading neoclouds providing AI compute. 3M — The stock jumped more than 8% after the American conglomerate behind Scotch tape and Post-it notes posted second-quarter adjusted earnings and revenue that beat expectations, and raised its full-year guidance. Taiwan Semiconductor Manufacturing — Shares popped almost 5% after Nikkei Asia, citing sources, reported the foundry will raise prices for chipmaking services by up to 10% next year. Crown Holdings — Shares of the supplier of beverage and industrial packaging climbed more than 5% after the company posted a beat on the top and bottom lines in its second quarter. Crown posted earnings of $2.49 per share, excluding items, on revenue of $3.67 billion. Analysts polled by FactSet were anticipating earnings of $2.16 per share on revenue of $3.37 billion. Steel Dynamics — The steel producer rose 3% after the company’s latest earnings beat on the top and bottom lines. However, the company posted an additional non-cash impairment charge of $16 million. — With additional reporting by CNBC’s Scott Schnipper, Fred Imbert, Davis Giangiulio and Nick Wells.
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