Check out the companies making headlines midday. Abercrombie & Fitch — The apparel retailer jumped 33% after posting better-than-expected fiscal third-quarter results, driven by strength at its Hollister brand. Hollister’s sales grew 16%, offsetting a 2% drop at its namesake Abercrombie & Fitch label. For the holiday quarter, the company expects Hollister to continue to drive sales growth. Nvidia — Nvidia shares were down 4% after The Information reported, citing sources, that Meta Platforms was considering spending billions of dollars on Alphabet’s AI chips. Alphabet shares rose to a fresh 52-week high on the back of the report, but were recently up less than 1%. Veralto — Shares of the environmental solutions provider rose 5% after it announced plans to buy In-Situ, a provider of water measurement and monitoring systems, for $435 million. Veralto’s board also approved a $750 million stock buyback. Crypto stocks — Shares of companies tied to cryptocurrency tumbled as bitcoin continued its slide. Bitcoin proxy Strategy was down 3%, trading platform Robinhood fell 1%, while crypto exchange Coinbase gave up 4%. Homebuilder stocks — Homebuilder stocks popped on Tuesday as hopes for an interest rate cut in December climbed. Builders FirstSource jumped nearly 7%, while D.R. Horton , Lennar and Pultegroup all added nearly 5%. Kohl’s — The department store soared 34% after its third-quarter results beat expectations. Kohl’s adjusted earnings came in at 10 cents per share, versus the 20 cent loss expected from analysts polled by LSEG. Its revenue of $3.41 billion also topped the $3.32 billion consensus estimate. Best Buy — The electronics retailer’s share rose almost 6% after it raised its outlook, saying consumers are replacing videogame consoles, laptops and cellphones. Best Buy expects it will see same-store sales growth in the fiscal year of 0.5% to 1.2%, up from an estimate of a 1% decline to a 1% gain previously. Symbotic — The robotics stock rallied 35% on fiscal fourth-quarter revenue that beat analyst expectations. The company’s top line came in at $618 million. Analysts expected revenue of $604 million, according to LSEG. Keysight Technologies — Computing and electronic firm Keysight posted stronger-than-expected earnings results, boosting its shares 7%. The company reported fiscal fourth-quarter earnings of $1.92 per share, versus a FactSet consensus of $1.83 per share. Its communications and electronic industrial revenue came in at $990 million and $429 million, respectively, topping analysts’ forecasts. The firm also announced a new share repurchase program worth up to $1.5 billion of its common stock. Pony AI — The stock jumped 7% after the AI firm posted strong third-quarter financial results and said it would expand its robo-taxi fleet in China. Amentum Holdings — Shares rose 21% after the engineering and technology solutions firm posted better-than-expected fourth-quarter results. Revenue came in at $3.93 billion, beating the FactSet consensus of $3.61 billion. The company also reported earnings of 63 cents per share, excluding some items, well above the 59 cents per share expected. Fluence Energy — The battery storage maker rose 10% after fiscal fourth quarter adjusted EBITDA topped Wall Street analyst estimates, according to FactSet data, and its order backlog rose to about $5.3 billion as of Sept. 30 from about $4.9 billion at the end of June. Fluence also issued guidance for the coming fiscal year for the first time. Zeta Global — The marketing cloud company popped 6% after it raised its fourth-quarter revenue guidance. Zoom Communications — The video conferencing stock gained almost 13% on better-than-expected third-quarter results. The company earned $1.52 per share, adjusted, on revenue of $1.23 billion. Analysts polled by LSEG expected a profit of $1.44 per share on revenue of $1.21 billion. Zoom’s fourth-quarter earnings guidance also exceeded expectations. Brinker International — The casual restaurant operator and the parent company of Chili’s saw shares jump nearly 8% after Citi upgraded the stock to a buy rating from neutral. The Wall Street firm said Brazil tariffs dropping will take pressure off the firm’s beef outlook. Applied Materials — The chip equipment maker rose 2% following an upgrade to buy from neutral at UBS. “AMAT stands out as the largest beneficiary of this DRAM spending surge,” the bank wrote about Applied Materials. Alibaba — E-commerce giant Alibaba saw its stock pop 2% after reporting better-than-expected results for its second quarter. The figures were driven by a 34% in cloud sales . Agilent Technologies — The life sciences stock rose 4% after Agilent’s fourth-quarter earnings topped expectations. The company earned $1.59 per share, excluding items, on revenue of $1.86 billion. Analysts polled by LSEG had expected per-share earnings of $1.58 on revenues of $1.83 billion. Burlington — After posting mixed third-quarter results, Burlington fell 10%. The off-price retailer reported earnings of $1.80 per share, excluding some items, topping analysts’ consensus estimate of $1.64 per share, per FactSet. However, the company’s revenue came in at $2.71 billion, or just below the Street’s expectations of $2.72 billion. Dick’s Sporting Goods — Shares rose more than 2% after the company announced that it’s going to close some Foot Locker stores as part of a larger restructuring so that the sneaker company doesn’t weigh on Dick’s profits. The company expects its comparable sales for the current quarter to be down in the mid- to high-single digits. However, the company’s third-quarter earnings and revenue beat analysts’ expectations. — CNBC’s Liz Napolitano, Scott Schnipper, Michelle Fox, Yun Li, Fred Imbert, Sarah Min and Sean Conlon contributed reporting.
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