Check out the companies that are trending in intraday trading. Alphabet — The online search giant has launched its latest quantum chip called Willow. Alphabet said this was a major advance in the quantum computing field, and its main stock rose 4%. Quantum computing is considered the next frontier for many technology companies. Oracle — Shares fell 8% after the cloud infrastructure company missed Wall Street’s second-quarter earnings expectations. The company also issued disappointing second-quarter earnings guidance, saying it expects earnings per share to be in the range of $1.50 to $1.54, compared to LSEG’s expectations of $1.57. Alaska Airlines Group — The airline’s stock soared more than 14% after Alaska Airlines reported better-than-expected fourth-quarter results and announced a $1 billion increase in profits through 2027. The airline also plans to launch nonstop flights from its home base in Seattle to Tokyo and Seoul next year. SiriusXM — The wireless carrier fell 10% after the company named a new chief operating officer and announced cost-cutting efforts. Citing “market headwinds,” SiriusXM said it would initially aim for incremental savings of $200 million per year through 2025. The company also said it would shift marketing and other resources away from “high-cost, high-abandonment streaming viewers.” Vail Resorts — Shares rose 3.4% after the ski resort operator beat revenue expectations and reported a quarterly loss that was smaller than analysts expected. Morgan Stanley and Barclays are among the companies that raised their price targets on the company after its earnings report. HealthEquity — The health savings account management company gave a disappointing revenue forecast, saying it expects fiscal 2026 revenue to be between $1.275 billion and $1.295 billion. That’s lower than the $1.32 billion expected by analysts surveyed by FactSet. Meanwhile, the stock price fell more than 4%. Pinterest — Shares fell 3.4% after Piper Sandler downgraded the company from overweight to neutral, citing two quarters of mixed results and competition in the advertising space suggested by the company’s ad buyer research did. T-Mobile — In mobile communications services, the company’s stock rose 2.4% after positive comments from CEO Mike Siebert, who expressed optimism about the company’s growth plans. did. CENTENE — The managed healthcare company’s stock fell 3.6% after Jefferies downgraded it from Hold to Underperform. The investment firm said Centene could be hurt by the expiration of federal health care subsidies or increased government oversight, given its exposure to Affordable Care Act transactions. MongoDB — The stock price fell about 13.4% after the company’s CFO and COO resigned on January 31st. The news overshadowed a better-than-expected third-quarter report and strong fourth-quarter outlook. eBay — Shares fell more than 3% after Jefferies downgraded the online marketplace from hold to underperform. The company cited slowing advertising revenue and a slowing Chinese economy as headwinds to growth. American Airlines Group — Shares rose nearly 3% on the back of Bernstein upgrades, outperforming the market. Bernstein said American Airlines’ ability to deleverage improves its outlook due to improved industry conditions and new airline credit card agreements. CoreCivic — Shares rose 3.4% after Wedbush Securities upgraded its rating from Neutral to Outperform. Analyst Brian Violino said private prison operators should benefit from the mass deportations promised by President-elect Donald Trump, with demand for additional Immigration and Customs Enforcement beds higher than previously expected. He pointed out that it is possible. Toll Brothers — The home builder fell 6% despite fourth-quarter earnings and sales beats. Toll Brothers reported earnings of $4.63 per share and revenue of $3.33 billion. Analysts polled by FactSet had expected earnings of $4.34 per share and revenue of $3.17 billion. Norwegian Cruise Line — Shares rose 3.1% after Goldman Sachs upgraded the stock to buy from neutral. Goldman said the cruise line’s performance is improving and that it makes sense that the company’s price-to-earnings ratio is improving. —CNBC’s Alex Harring, Hakyung Kim, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound and Michelle Fox contributed reporting.
Stocks with the biggest price movements at noon: GOOGL, SIRI, MDB, ALK
