By Mackenzie Tatananni, George Glover, and Kit Norton
Stocks were wavering Wednesday after a Senate panel voted to advance Kevin Warsh's nomination as Federal Reserve chair, overshadowing a Fed policy decision that markets expect to be a non-event. Jerome Powell's press conference is scheduled for 2:30 p.m. Eastern time.
These stocks were making moves:
Seagate Technology rose 14% after the hard-drive maker beat analysts' earnings and sales targets for its fiscal third quarter and issued strong guidance.
The results signaled data-storage demand remains robust, and lifted other memory and storage stocks. Micron Technology gained 3.6%, Sandisk surged 9%, and Western Digital soared 11%.
Intel gained 10%. The chip maker is now up 111% in April and is set to notch its best month on record, according to Dow Jones Market Data.
Bloom Energy jumped 24% after the renewable energy company posted record first-quarter results and hiked its full-year outlook.
Robinhood Markets declined 13%. The online brokerage posted weak first-quarter results. A protracted slump in Bitcoin and other cryptocurrencies dragged down Robinhood's crypto trading revenue.
Starbucks rose 10% after the coffee chain reported earnings growth for the first time since 2023, suggesting its turnaround efforts are paying off. Starbucks' net revenue for its fiscal second quarter also topped expectations.
Booking Holdings pared early losses, edging up 0.2%. The online travel company beat Wall Street's first-quarter earnings target, but cut its full-year revenue and gross bookings guidance because of the war in Iran.
Brown-Forman sank 10% after French spirits company Pernod Ricard said it had ended discussions with the Jack Daniel's maker without reaching an agreement regarding a potential combination.
NXP Semiconductors rallied 25%, leading the S&P 500 in the trading session, after the Dutch chip maker reported that its first-quarter profit more than doubled and issued solid earnings and revenue guidance.
T-Mobile US climbed 5.5%. The wireless carrier beat analysts' first-quarter earnings and revenue estimates. T-Mobile also added more postpaid customers than expected over the period.
Visa advanced 8.7% after the credit-card company topped earnings targets for its fiscal second quarter, as consumer spending held up despite worries that the Iran war would spark a flare-up in inflation.
Avis Budget Group dropped 3.3%. The auto-rental company, left reeling from a recent short squeeze, posted deeper-than-expected losses for the first quarter.
SoFi Technologies sank 14% even as key performance metrics met or exceeded analysts' forecasts. Investors were likely underwhelmed by SoFi's guidance, including an unchanged full-year outlook, as a scathing short report continues to weigh on shares.
Humana fell as low as $213.90 before advancing 1.3% to $232.72. The health insurer reported first-quarter earnings and revenue that topped Wall Street forecasts, but the numbers weren't enough to keep the stock's recent momentum going.
Regeneron Pharmaceuticals declined 6.4%. Although earnings beat expectations, sales of its eye drug Eylea HD fell short of analysts' estimates. Wall Street is likely looking past the results to upcoming data for Regeneron's experimental cancer drug, fianlimab, in the second quarter.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com, George Glover at george.glover@dowjones.com and Kit Norton at kit.norton@barrons.com
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(END) Dow Jones Newswires
April 29, 2026 12:28 ET (16:28 GMT)
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