Take a look at the companies making headlines in midday trading. Alphabet — The online search giant operator has launched its latest quantum chip, called Willow. Alphabet said this marked a major breakthrough in quantum computing, sending its shares up 4%. Quantum computing is considered the next frontier for many technology companies. Oracle-Cloud Infrastructure’s second-quarter results fell short of Wall Street expectations, and its stock price fell 8%. The company also issued disappointing fiscal second-quarter guidance, saying it expected earnings in a range of $1.50 to $1.54 per share, compared with LSEG’s forecast of $1.57. Alaska Airlines Group — Shares of Alaska Airlines soared more than 14% after the airline posted better-than-expected fourth-quarter guidance and said it expects profits to rise $1 billion by 2027. Seattle has nonstop flights to Tokyo and Seoul. SiriusXM — Shares fell 10% after the wireless operator named a new chief operating officer and announced cost-cutting measures. Citing “market headwinds,” SiriusXM said its initial goal is to achieve initial incremental annualized savings of $200 million upon exit in 2025. The company also said it would shift marketing and other resources away from “high-cost, high-churn viewers in streaming.” Vail Resorts — Shares of Vail Resorts rose 3.4% after the ski resort operator beat revenue estimates and reported a quarterly loss that fell short of analysts’ expectations. Morgan Stanley and Barclays were among the firms that raised their price targets on the company following the release of the financial report. HealthEquity – The health savings account custodian gave a disappointing revenue forecast, saying it expects fiscal 2026 revenue to be between $1.275 billion and $1.295 billion. Dollar. Subsequently, the stock price fell more than 4%. Pinterest — Piper Sandler downgraded the social media company to neutral from overweight, citing mixed results in the two quarters and a survey of ad buyers that showed fierce competition in the advertising space. The stock price fell slightly by 3.4%. T-Mobile — Shares of T-Mobile rose 2.4% after Chief Executive Mike Sievert made positive comments about the company’s growth plans. Centene — Shares of the managed healthcare company fell 3.6% after Jefferies downgraded the company to underperform from hold. The investment firm said the expiration of federal health care subsidies and tightening government regulations could hurt Centene given its exposure to the Affordable Care Act exchange. MongoDB — The company’s stock price has fallen about 13.4% since January 31 after the company’s chief financial officer and chief operating officer resigned. . eBay — Shares of eBay fell more than 3% after Jefferies downgraded the online marketplace to underperform from hold. The company cited decelerating advertising revenue and China’s economic slowdown as headwinds to growth. American Airlines Group — Bernstein upgraded the stock to outperform from market, sending the stock up nearly 3%. Bernstein said American’s ability to deleverage has improved its outlook due to an improving industry backdrop and the airline’s new credit card deal. CoreCivic — Wedbush Securities rose 3.4% after an upgrade to outperform from neutral. Analyst Brian Violino said the private prison operator should benefit from the mass deportations promised by President-elect Donald Trump, noting that incremental demand for Immigration and Customs Enforcement beds could higher than previously expected. Toll Brothers — The homebuilding company fell 6% despite beating fiscal fourth-quarter profit and revenue estimates. Toll Brothers reported earnings of $4.63 per share on revenue of $3.33 billion. Analysts polled by FactSet expected earnings of $4.34 per share and revenue of $3.17 billion. Norwegian Cruise Line — Shares of Norwegian Cruise Line rose 3.1% after Goldman Sachs upgraded the company to “buy” from “neutral.” Goldman Sachs said the cruise line’s business has improved and it deserves a higher price-to-earnings ratio. —CNBC’s Alex Harring, Hakyung Kim, Samantha Subin, Yun Li, Lisa Kailai Han, Jesse Pound and Michelle Fox contributed reporting.
