Check out the companies making the biggest moves midday: E.l.f. Beauty — Morgan Stanley upgraded the beauty brand to overweight from equal-weight, prompting the stock to pop more than 9%. The bank said the consensus earnings estimate for Elf is “way too low,” seeing catalysts from product pricing and acquisition contribution of Rhode. Owens & Minor — The health care logistics company plunged 32% after management said on its second-quarter earnings call that stranded costs will continue to rise, and that it will focus on reducing such costs to improve profits, according to StreetAccount. Results will eventually be helped by the divestiture of its Products & Healthcare Services unit in the second half, the company said. AAON – Shares of the HVAC company dropped more than 12% after its second-quarter results missed analyst estimates on the top and bottom lines. AAON posted adjusted earnings of 22 cents per share on revenue of $311.6 million for the quarter. Analysts polled by FactSet had estimated 33 cents per share on $325 million in revenue. The company also cut its full-year sales guidance. Tegna — The broadcaster rallied 30% after The Wall Street Journal and Reuters reported, citing sources, that Nexstar was in talks to acquire Tegna. Nexstar rose more than 4%. TKO Group — The stock rose more than 7% after Paramount Skydance agreed to buy the U.S. rights to UFC for seven years in a deal worth $7.7 billion. Paramount traded slightly lower. C3.ai — The AI software company plunged 22% after it issued guidance for the fiscal first quarter. C3.ai expects revenue to range between $70.2 million and $70.4 million. Its non-GAAP loss is expected to come in between $57.7 million and $57.9 million. Nvidia , Advanced Micro Devices — Shares of Nvidia and Advanced Micro Devices 0.5% and 1.5%, respectively, after closing an unprecedented arrangement with the Trump administration. Both chip companies agreed to give the U.S. government 15% of their revenue from chips sold to China in exchange for export licenses, the Financial Times reported . Both stocks traded lower earlier in the day. AMC Entertainment — Shares of the movie theater chain gained 3% after second-quarter results exceeded analyst expectations. AMC broke even after excluding one-time items. Analysts had anticipated a loss of 7 cents a share. Revenue of $1.4 billion surpassed the consensus forecast of $1.34 billion. CoreWeave — The cloud infrastructure company jumped 7% after JPMorgan maintained its overweight rating and lifted its price target. The firm said that although shares require a risk tolerance given volatile trading, it remains “positive on the potential for continued momentum in CoreWeave’s business pipeline.” Intel — Shares of the semiconductor company jumped 6% ahead of Intel Chief Executive Lip-Bu Tan’s visit to the White House on Monday, just days after U.S. President Donald Trump called for his immediate resignation over ties to Chinese businesses. Coinbase , Robinhood , MicroStrategy — Stocks tied to cryptocurrencies rose as the price of bitcoin neared its all-time high. Shares of Coinbase and MicroStrategy climbed 6.4% and 1.7%, respectively, while Robinhood jumped about 4%. Crypto prices have risen since Trump signed an executive order on Thursday that lays the groundwork to open 401(k) retirement plans to alternative assets such as cryptocurrencies and real estate. Rumble — Shares of Rumble, a video sharing platform and cloud service provider, popped 8% as the company considers making an all-stock bid worth nearly $1.2 billion for German AI cloud computing group Northern Data . The announcement, made by the companies on Sunday, led Northern Data shares to tumble. Tesla — Shares rose 5% after the electric vehicle company formally submitted its request for an electricity license to the British energy regulator Ofgem. If approved, the license will allow Tesla to supply electricity to British households and businesses and compete in the U.K. energy market. The gain put Tesla on track for its best day since late June. — CNBC’s Yun Li, Sean Conlon and Scott Schnipper contributed reporting.
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