Here we will introduce companies that have become a hot topic in intraday trading. Intuit — Shares fell more than 3% after Reuters reported that Intuit, the maker of TurboTax software, plans to cut about 17% of its workforce, or about 3,000 people. Hasbro — Shares of the toy company and maker of the “Magic: The Gathering” games fell more than 8%. Hasbro reaffirmed its outlook for full-year adjusted EBITDA of $1.4 billion to $1.45 billion, compared to the FactSet consensus estimate of $1.44 billion. The company also said it began incurring costs related to the cybersecurity breach in the second quarter of 2026. AMC Entertainment — The movie theater stock and former meme favorite soared 13% after CEO Adam Aron revealed he was buying 250,000 shares worth about $344,000. He also posted on social media platform X that he had “great confidence in AMC’s future.” Travel stocks — Airline and cruise line stocks rose as oil prices fell. West Texas Intermediate crude oil futures for July delivery fell more than 4%. Meanwhile, United Airlines stock rose 9% and Delta Air Lines stock rose 8%. Carnival’s stock rose about 7%, and Norwegian Cruise Line’s stock also rose. Toll Brothers — Shares rose nearly 8% after the homebuilder reported second-quarter earnings of $2.72 per share, beating the $2.57 expected by analysts surveyed by LSEG. Toll Brothers’ sales of $2.51 billion also exceeded expectations of $2.42 billion. Target — The retailer’s stock fell about 4%, reversing earlier gains. Target has reiterated its outlook that its operating profit margin for the full year of 2026 will increase by 20 basis points compared to the previous year. The company reported better first-quarter numbers and raised its full-year sales outlook. The company had revenue of $25.44 billion and earnings per share of $1.71. Analysts had expected LSEG to report revenue of $24.64 billion and earnings per share of $1.46. Cava — Shares jumped 5% after the Mediterranean fast-casual chain raised its full-year adjusted EBITDA outlook from $181 million to $191 million. This was $184 million, up from the previous estimate of $176 million. The company also reported first-quarter earnings of 20 cents per share on revenue of $438 million, beating analysts’ expectations for earnings of 18 cents per share and revenue of $411 million, according to LSEG. Analog Devices — The semiconductor company’s stock fell 6%. Free cash flow for the second quarter was $734 million, down from $1.09 billion in the same period last year. Headline numbers for the period exceeded expectations, with adjusted earnings of $3.09 per share. Analysts polled by FactSet had expected earnings of $2.88 per share. Analog Devices also achieved better-than-expected earnings. Chipmakers — After taking a breather from a rapid rally, semiconductor stocks rallied, with the iShares Semiconductor ETF (SOXX) up more than 4%. Shares of Marvell Technology and Intel rose more than 6%. Micron Technology stock rose nearly 4%, and Qualcomm stock rose 2%. Advanced Micro Devices stock rose 8%. Nvidia — Nvidia stock also joined in the chip rally, rising nearly 2%. The world’s most valuable companies are scheduled to report their results after the bell on Wednesday. Red Robin Gourmet Burgers — Shares rose 22% after the burger chain posted adjusted earnings of 13 cents per share in the first quarter, with analysts surveyed by FactSet expecting Red Robin to break even. The company’s revenue was $378.3 million, which also exceeded expectations of $362.1 million. TJX Companies — The retailer’s stock rose 6% after the retailer reported better-than-expected results in its first-quarter financial report. TJX had earnings of $1.19 per share and revenue of $14.32 billion. Analysts polled by FactSet had expected earnings of $1.02 per share and revenue of $14.02 billion. However, the company gave a slightly weaker outlook for the current quarter. —CNBC’s Lisa Kailai Han, Fred Imbert, Nick Wells and Darla Mercado contributed reporting. Markets change and headlines fade, but the fundamental principles of building long-term wealth remain the same. Join us for the third annual CNBC Pro LIVE. Investors from all backgrounds, from financial professionals to everyday individuals, come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you start, you’ll leave with clearer thinking and a stronger strategy. Enter your email address here to get your discount code.
