Check out the companies making headlines in midday trading Robinhood — The brokerage stock climbed 7% as traders speculated that it could soon be added to the S & P 500. A spot in the index was opened by Hewlett Packard Enterprise’s acquisition of Juniper Networks, which officially closed on Wednesday. Tesla — Shares of the electric vehicle maker jumped 4% after second-quarter vehicle deliveries came in about in line with estimates. Tesla delivered 384,000 vehicles during the period, a 14% decline from a year ago. The number was just shy of analyst estimates of 387,000 deliveries, according to FactSet. This is its second straight quarterly drop. Rigetti Computing — Shares gained nearly 7% after Cantor Fitzgerald initiated coverage of the quantum computing company with an overweight rating. Analyst Troy Jensen said: “Quantum computing is in its infancy but remains one of the most highly coveted technical milestones with enormous economical implications. While we are likely years away from full-scale quantum capabilities, the technology has already captured the interest of investors.” Verint Systems — Shares of the customer service software provider jumped 12% following a Bloomberg report that the company is in talks about a possible acquisition with buyout firm Thoma Bravo. Centene — Shares of the managed care giant plummeted nearly 38% after Centene withdrew its 2025 guidance , saying that recent data the company received shows lower enrollment rates in health insurance marketplaces in several states. From the data, which accounts for 22 of Centene’s 29 marketplace states, the company said it expects a shortfall that will lower its adjusted earnings by about $2.75 per share. Higher medical costs in Centene’s Medicaid business have continued to weigh on the business. Health insurers — Centene’s news put pressure on other health insurance stocks. UnitedHealth and CVS Health each fell about 3%, while Molina Healthcare tumbled 18% and Humana slipped 2%. Elevance fell 7%. Constellation Brands — The booze stock jumped nearly 4% after the brewer reiterated its forecast for fiscal 2026, showing confidence that it can hit its financial targets despite the weaker-than-expected quarterly performance and higher tariffs. For the latest quarter, Constellation Brands reported earnings and revenue that missed analysts’ estimates as tariffs on aluminum weighed on its profitability. Lands End — Shares of the struggling apparel retailer rose 4% after Reuters reported that Authentic Brands Global and WHP Global have submitted bids to acquire it , citing two people familiar with the matter. The company had announced plans to explore strategic alternatives in March. Reddit — Shares popped almost 4% after the social media platform said in a regulatory filling that it entered an amended credit agreement that extends the facility maturity to 2030. Nike , On Holding , Columbia Sportswear — Shares of retailers with manufacturing in Vietnam rose after President Donald Trump announced a trade deal with the Southeast Asian nation that includes a 20% tariff on imports to the U.S. The agreement states that goods that originate in another country and are shipped to Vietnam for import to the U.S. will be hit with a 40% rate. Nike shares rose 3%, On climbed 4%, while Columbia Sportswear added nearly 2%. Solar stocks with manufacturing in Vietnam were also higher, lifting the Invesco Solar ETF (TAN) more than 6%. Cava — Shares popped 2% after KeyBanc initiated the Mediterranean fast-casual chain at an overweight rating . Analyst Christopher Carril pointed out Cava’s lack of direct competitors as a catalyst, and said that Cava had the potential to one day be the Chipotle of Mediterranean food. — CNBC’s Yun Li, Jesse Pound, Alex Harring, Lisa Han, Pia Singh, Sarah Min and Michelle Fox contributed reporting.
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