Stocks making the biggest moves midday: Apple, Amazon, Reddit, GoDaddy, IES Holdings & more
Midday movers included IES Holdings, up over 30% after better-than-expected results and a two-for-one stock split. GoDaddy fell 20% on guidance, while Newell Brands rose 11% on raised earnings outlook. SPX Technologies gained 14% on strong results. Chevron rose 1.6% on earnings, Apple fell over 9% on iPhone-driven revenue, and Coinbase slid over 12% on another quarterly loss. Reddit dropped 22% on Google search-referral concerns.
How this was made
The 30-second read
Why it matters
Traders can use the specific beat or miss drivers (guidance, cash flow, traffic referrals, and Phase 3 outcomes) to adjust near-term positioning and volatility expectations.
Market read
The article provides same-day, company-specific catalysts with quantified guidance, earnings, and clinical outcomes that explain large intraday moves.
What to watch
The article omits detailed segment margins, forward guidance specifics, and cohort-level traffic or trial endpoints, which could explain the magnitude of reactions and create reversal risk.
Background
This is a multi-stock midday movers wrap summarizing earnings, guidance, and regulatory/clinical catalysts across several US-listed companies.
Ticker impact
Apple shares fell more than 9% after it reported stronger-than-expected fiscal Q3 revenue driven by a 22% iPhone sales increase.
Choppy to downside bias near-term as traders reassess what drove the selloff after the beat.
The article cites a revenue beat and iPhone growth, but the stock reaction is sharply negative, implying offsetting concerns not detailed here.
Amazon shares jumped 15% after Q2 results beat on revenue and cloud growth, with cloud expanding 37% year over year.
Near-term upside bias with follow-through risk if guidance details disappoint later.
The article directly links the 15% move to a revenue beat and cloud growth exceeding expectations.
Coinbase shares slid more than 12% after posting its third straight quarterly loss and revenue below the $1.31B estimate.
Downward or range-bound bias until new evidence of operating leverage appears.
The article provides the loss amount and revenue shortfall, both immediate drivers of risk sentiment.
Reddit shares dropped 22% as Wall Street worried about search-referral traffic from Google, with CEO calling referrals choppy.
Further downside risk if the choppiness persists or guidance details worsen.
The article attributes the large drop to search-referral concerns, even though top and bottom lines beat and guidance exceeded expectations.
GoDaddy shares fell 20% after guidance underwhelmed, despite reaffirming full-year free cash flow around $1.8B.
Near-term downside bias until investors get clearer visibility on cash flow and quarterly drivers.
The article explicitly ties the 20% drop to underwhelming guidance and provides specific revenue and quarterly cash flow figures.
Newell Brands shares rose 11% after lifting full-year earnings guidance to 73-77 cents per share from 56-60 cents.
Upside bias as traders price in higher full-year EPS expectations.
The article includes a clear guidance increase that surpasses consensus.
SPX Technologies rallied 14% on Q2 results that beat expectations and an increased full-year earnings and revenue outlook.
Moderate upside bias if the raised outlook holds through subsequent quarters.
The article states beat and raised guidance but does not provide the specific new targets.
Chevron shares rose 1.6% after reporting better-than-expected Q2 earnings and revenue, including $12.1B net income.
Mild upside bias if the market continues to reward earnings quality.
The article provides a net income figure and says the results beat, but the move is relatively small.
Market effects
Broad read-through across consumer internet, biotech, and energy earnings, with guidance and clinical outcomes driving sector sentiment.
Primarily US large-cap and mid-cap tape action; limited direct regional spillover beyond sentiment.
Biotech trial outcome (Novo Nordisk) can influence global pharma risk appetite; energy earnings affect broader commodity-linked sentiment.
Counterpoint
Some selloffs (e.g., Apple, Veracyte, Reddit) may be overreacting to one metric or narrative, since the article notes beats and guidance outperformance in places.
Key entities
- companyApple
Fiscal Q3 revenue beat but shares fell more than 9%.
- companyAmazon
Q2 revenue and cloud growth beat drove a 15% rally.
- companyReddit
Shares fell 22% on concerns about Google search-referral traffic.
- companyGoDaddy
Guidance underwhelmed, shares down 20% despite reaffirmed FCF.
- companyNovo Nordisk
Phase 3 failure for ziltivekimab on major cardiovascular events.
