**Major Stocks Making Headlines in Midday Trading**
*Fluence Energy*
In the midday trading session, Fluence Energy’s stocks surged 23% after the company reported fiscal fourth-quarter results that surpassed forecasts. The company reported fourth-quarter earnings of 2 cents per share, topping the FactSet consensus estimate of a loss of 7 cents per share.
**Foot Locker**
Foot Locker, the popular footwear retailer, gained 17% after exceeding analysts’ expectations in its third quarter. Adjusted earnings came in at 30 cents per share on revenue of $1.99 billion, surpassing analysts’ projections.
**NetApp**
NetApp shares surged 15% after the data infrastructure company topped fiscal second-quarter expectations on the top and bottom lines. The company also issued third-quarter earnings guidance and a full-year forecast that came ahead of what the Street anticipated.
**Workday**
The enterprise cloud stock, Workday, saw a 12% rise after reporting third-quarter results that exceeded expectations. The company reported adjusted earnings of $1.53 per share on $1.87 billion of revenue, surpassing analysts’ projections.
**CrowdStrike**
The cybersecurity stock, CrowdStrike, jumped more than 9% after posting a strong third-quarter report and raising its fourth-quarter guidance.
**General Motors**
The automaker, General Motors, saw a 9.6% increase after announcing a $10 billion stock buyback plan and a 33% quarterly dividend increase. GM also reinstated its guidance following the end of the United Auto Workers strike.
**Hewlett Packard Enterprise**
Shares of Hewlett Packard Enterprise gained more than 7% after reporting mixed fiscal fourth-quarter earnings. The company’s future growth through the rise of artificial intelligence is expected to bolster the company.
**Vestis**
Shares of the uniform and workplace supplies company, Vestis, gained 6% after reporting fiscal fourth-quarter revenue that topped estimates, according to FactSet consensus estimates.
**Phillips 66**
Phillips 66 gained 3.6% after Elliott Investment Management took a $1 billion stake in the company. The hedge fund plans to seek as many as two board seats.
**Jabil**
Unfortunately, Jabil shares dropped 13% after the manufacturing services company lowered its first-quarter revenue guidance.
**Petco Health & Wellness**
Petco shares plunged 28% after the pet retailer reported disappointing third-quarter results. The company posted a wider-than-expected quarterly loss of 5 cents per share, compared to expectations of earnings of 2 cents per share.
**Hormel Foods**
Shares of Hormel Foods fell nearly 5% after the company posted its fiscal fourth-quarter results, falling short of Wall Street’s estimates.
**Dollar Tree**
The discount retailer, Dollar Tree, saw a 3% increase after posting third-quarter results, despite falling slightly short of revenue expectations.
Overall, the midday trading session showcased a wide range of movements in the stock market, with several companies outperforming expectations and others falling short. It remains to be seen how these developments will continue to influence the market in the coming days.
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