Stocks making the biggest moves midday: Apple, Ross Stores, Intuit, Booz Allen Hamilton and more
Check out the companies making headlines in midday trading: Booz Allen Hamilton — Shares of the consulting firm lost 15% after Booz Allen Hamilton said it would cut roughly 2,500 jobs, or 7% of its workforce, citing a slowdown in some government spending under the Trump administration and expected ongoing pressure on its business in the first half of the fiscal year. Intuit — Shares of Intuit, which owns TurboTax and QuickBooks software, popped 7.5% after the company reported strong quarterly results . Intuit said its revenue in the fiscal third quarter increased 15% to $7.8 billion. Apple — The tech giant’s stock slid 2.6% after President Donald Trump threatened that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Production of Apple’s flagship phone happens primarily in China, but the company has been shifting manufacturing to India amid Trump’s trade war. Nuclear stocks — Stocks tied to nuclear energy got a bump after Reuters reported , citing sources, that Trump will sign orders to boost nuclear power as soon as Friday. Shares of Oklo and NuScale popped 24% and 14.5%, respectively, while Cameco rose 9%. Constellation Energy added 2.8%. Ross Stores — Shares fell 11% after the off-price retailer withdrew its full-year forecasts , citing uncertainty around tariffs. Ross Stores’ second-quarter earnings guidance was also below Wall Street’s expectations. Deckers Outdoor — The Ugg boots maker saw its shares drop 19% after Deckers declined to provide full-year guidance for fiscal 2026, citing “macroeconomic uncertainty related to evolving global trade policies.” Wolfspeed — Shares of the semiconductor components maker plunged 13%. The company is preparing to file for bankruptcy within weeks. StepStone Group — The investment firm climbed more than 4% after results for the fiscal first-quarter beat expectations. StepStone reported adjusted earnings per share of 68 cents, while analysts surveyed by FactSet were expecting 44 cents per share. Adjusted revenue of $295.9 million was also ahead of a $229.4 million projection. Workday — Shares of the human resources software company dropped 11.8%. Workday issued second-quarter subscription revenue forecast of $2.16 billion, which came in line with the consensus estimate of analysts polled by StreetAccount. Tesla — The electric vehicle maker fell slightly even after Wedbush Securities analyst Dan Ives lifted his price target on Tesla shares ahead of the company’s expected robotaxi launch in Austin, Texas, next month. “The golden age of autonomous is now on the doorstep for Tesla,” the analyst said. — CNBC’s Alex Harring, Jesse Pound, Yun Li and Michelle Fox contributed reporting.
