By Joe Woelfel and Mackenzie Tatananni
Stocks rose Wednesday after the Federal Open Market Committee voted to keep the federal-funds rate unchanged at a range of 4.25% to 4.5%, even though a post-meeting statement flagged heightened uncertainty in the market.
These stocks were moving Wednesday:
Humana surged 10% after the health insurer reported second-quarter adjusted earnings that beat analysts' estimates and boosted its full-year profit guidance. Humana's medical-cost ratio -- a closely tracked metric that calculates the proportion of revenue from premiums that are spent on medical claims -- was 89.7% in the quarter, largely in line with expectations.
Starbucks was up 0.4%. The coffee chain posted fiscal third-quarter adjusted earnings that missed analysts' estimates but revenue of $9.5 billion that beat expectations of $9.29 billion. Global same-store sales and those in the U.S. declined 2% but CEO Brian Niccol said the company's turnaround was proceeding "ahead of schedule."
CyberArk Software rose 1.7% to $441.64 after the company reached a deal to be acquired by Palo Alto Networks for about $25 billion. Under the deal, CyberArk shareholders will receive $45 in cash and 2.2005 shares of Palo Alto for each CyberArk share they own. CyberArk rose 13% on Tuesday after The Wall Street Journal reported a deal likely would be announced this week. Palo Alto was down 4.5% on Wednesday.
Mondelez posted second-quarter adjusted profit of 73 cents a share, beating analysts' calls for 68 cents. However, the maker of Oreos said it expects fiscal-year adjusted earnings to decline about 10% on a constant currency basis "due to unprecedented cocoa cost inflation." Shares were down 4.9%.
LendingClub soared 22% on strong second-quarter earnings and revenue and as loan originations grew 32% from a year earlier to $2.4 billion.
SoFi Technologies fell 2.7% after the fintech said its public offering of 71.9 million common shares would be priced at $20.85 a share, for total gross proceeds of about $1.5 billion. The stock ended Tuesday's session up 6.6% after SoFi reported better-than-expected second-quarter adjusted earnings and 44% revenue growth, the highest growth rate in more than two years.
Harley-Davidson jumped 16%. The motorcycle manufacturer announced it was selling a 9.8% stake in its motorcycle financing arm to investment firms KKR and Pimco. The gains came even after Harley-Davidson posted second-quarter revenue that fell 19% from the same period last year.
Generac Holdings gained 18% after the maker of backup power technology reporter better-than-expected quarterly earnings and raised its full-year financial guidance.
Shares of Peloton Interactive were rising 19% to $7.33 after UBS analysts upgraded shares of the connected-fitness company to Buy from Neutral and lifted their price target to $11 from $7.50, in part because of the potential for revenue growth driven by price increases and improving user trends.
Electronic Arts rose 7.6% after the video game company topped analysts' fiscal first-quarter bookings expectations ahead of a crucial few months for game releases. EA plans to reveal multiplayer gameplay for Battlefield 6 on Thursday, Madden NFL 26 launches on Aug. 14, and the latest version of the developer's flagship soccer franchise, FC 26, will go live on Sept. 26.
Seagate Technology fell 3.2%. The data-storage company posted better-than-expected adjusted earnings and revenue in its fiscal fourth quarter, but shares were slipping after Seagate guided for first-quarter revenue of $2.5 billion, plus or minus $150 million, compared with expectations of $2.53 billion.
Teradyne rose 21%. The maker of testing equipment for semiconductors and robotics, reported second-quarter adjusted earnings of 57 cents a share, better than Wall Street estimates of 54 cents. While revenue fell 11% to $651.8 million, it still topped estimates.
Earnings reports are expected Wednesday from Microsoft, Meta Platforms, Qualcomm, Arm Holdings, Lam Research, Robinhood Markets, Carvana, and eBay.
Shares of Microsoft were flat as analysts awaited fiscal fourth-quarter earnings from the software and technology giant. Meanwhile, Facebook and Instagram parent Meta Platforms was down 0.1% ahead of its second-quarter earnings report.
Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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July 30, 2025 14:38 ET (18:38 GMT)
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