Check out the companies making the biggest moves midday: Energy stocks — Shares fell sharply as oil prices sunk more than 12% after Iran opened the Strait of Hormuz for the duration of the ceasefire between Israel and Lebanon. APA Corp. shares declined by more than 9%, while Valero Energy ‘s stock fell more than 8.5%. Occidental Petroleum shares fell more than 7%, while Exxon Mobil was down 5%. Chevron shares declined over 4%. Travel stocks — The group rallied after Iran declared the Strait of Hormuz open to commercial shipping. Royal Caribbean shares popped 9.7%. United Airlines stock also jumped more than 9%. Expedia gained 5%. Critical Metals — Shares jumped more than 40% after Greenland’s government approved the transfer of a 50.5% interest in Tanbreez Mining to Critical Metals. This brings the company’s stake in the rare-earth mine to 92.5%. Strategy — The bitcoin treasury company’s shares gained about 13%. Bitcoin jumped 3% on the day to surpass $77,000, bringing the value of Strategy’s bitcoin holdings back into positive territory and making them profitable. In early February, the flagship cryptocurrency tumbled below Strategy’s average purchase price of $76,052. Autoliv — Shares of the maker of airbags, seat belts and steering wheels jumped 10% after first-quarter earnings per share excluding one-time items of $2.05 topped the Wall Street consensus of $1.83, according to FactSet data. Revenue of $2.75 billion beat analysts’ highest estimate. Chemical stocks — Shares of chemical producers with ties to the agriculture market plummeted after Iran reopened the Strait of Hormuz. The waterway is key to the transport of fertilizer components. Intrepid Potash and CF Industries tumbled 10%, while Dow lost 11%. Onto Innovation — Shares of the maker of semiconductor process control equipment leapt more than 8% after preliminary first-quarter revenue handily beat Street estimates, and Stifel Financial upgraded Onto to buy from hold and raised its 12-month price target to $350. Badger Meter — Shares of the maker of water measurement and control machinery tumbled 18%. First-quarter earnings per share, revenue and operating income all fell short of Wall Street analysts’ consensus estimates. Netflix — Shares fell 9% as investors viewed the streaming giant’s forecast as disappointing. For its second quarter, Netflix expects to earn 78 cents per share, missing the 84 cents per share forecast from analysts polled by LSEG. The stock was also weighed down by co-founder and Netflix chairman Reed Hastings announcing he plans to leave the board in June when his term expires. Alcoa — Shares fell 7% after the aluminum producer posted an earnings miss for its last quarter. Adjusted earnings came in at $1.40 per share, while analysts polled by LSEG were looking for $1.49 per share. The company’s $3.19 billion revenue also missed estimates of $3.28 billion. Affirm — The buy now, pay later payment company’s shares jumped more than 8% after Morgan Stanley named the stock a top pick. Affirm has the potential for earnings upside, Morgan Stanley said, and easing private credit fears will help aid its share price, which has slumped 19% in 2026. Albemarle — Shares fell more than 8% after a downgrade from Baird to neutral from outperform. The downgrade comes on the heels of the chemical company surging 16% on Thursday. Ally Financial — Shares jumped 9% after the bank reported an earnings beat but missed on revenue. Ally delivered earnings of $1.11 per share in the first quarter, better than estimates of $0.93, according to analysts polled by FactSet. Revenue came in at $2.10 billion, missing slightly estimates of $2.14 billion. — CNBC’s Darla Mercado, Davis Giangiulio, Scott Schnipper, Lisa Kailai Han and Nick Wells contributed reporting
Stocks making the biggest moves midday: RCL, XOM, CRML, NFLX
