Check out the companies that made the biggest moves midday: Quanex Building Products — The building products maker soared 9% after the company reported better-than-expected profits in its fourth quarter results. Quanex reported adjusted earnings of 83 cents per share on revenue of $789.8 million. Analysts polled by FactSet expected revenue of $470.7 million and earnings of 52 cents per share. Allegiant Travel — Shares rose more than 5% after Deutsche Bank changed its rating from hold to buy. “As the company has abandoned its loss-making resorts, management is now 100% focused on airline operations, and as the low-fare airline sector continues to evolve, various opportunities are likely to surface in the domestic market,” the bank said. Lantheus — The maker of therapeutics and diagnostic products rose more than 6% after Truist upgraded it to buy from hold. “Although it may be a little early, we believe LNTH’s outlook for growth and earnings to re-accelerate from Q4 2026 to 2027 is compelling, and we believe investors may begin taking positions sooner (i.e. by mid-2026) ahead of the inflection point in sales and earnings growth in 2H 2026,” Trust analysts said. Tilray Brands — Marijuana stocks soared 33% after CNBC learned President Donald Trump plans to sign an executive order reclassifying marijuana as soon as Monday. The Amplify Alternative Harvest ETF (MJ) also traded up 28%. Lululemon — The athleisure brand soared 9.6% after CEO Calvin McDonald announced his resignation. The company also beat Wall Street expectations on both product lines. RH — The home furnishings company rose 6.7% after reporting mixed third-quarter results. The company reported revenue of $884 million, in line with LSEG’s consensus estimate. However, the EBITDA margin and sales forecast for the fourth quarter have been revised downward. Costco — The stock fell 1.6% even though Costco beat earnings and sales estimates for its fiscal first quarter. The company’s earnings per share were $4.50, beating analysts’ estimates of $4.27 compiled by LSEG. Sales were $67.31 billion, exceeding expectations of $67.14 billion. The stock price has fallen more than 3% this year. BROADCOM — Despite reporting better-than-expected fourth-quarter results Thursday, Broadcom’s stock price fell 10% as investor concerns about the artificial intelligence company continued to swirl. Excluding certain items, the company posted revenue of $1.95 per share on revenue of $18.02 billion, compared to analysts’ expectations of $1.86 per share and revenue of $17.49 billion, according to LSEG Data. The company also increased its dividend to 65 cents per share from 59 cents and raised its first-quarter revenue forecast from $18.27 billion to $19.1 billion. FERMI — Shares plunged 33% after the energy and mega-development company reported it lost a $150 million financing deal with the first potential tenant of the Matador power grid. The grid will provide 11 gigawatts of support for the rapidly growing AI data center complex, eliminating dependence on the already strained public power grid. —CNBC’s Liz Napolitano, Sarah Ming and Alex Harring contributed reporting.
