Check out the companies making the biggest moves midday: Newmont , Freeport-McMoRan — The metals miners dropped 9.6% and 7.6%, respectively, as gold and silver faltered from record levels. The moves come after President Donald Trump picked Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, easing fears that the central bank would lose independence. Apple — Shares fell 1.3% even after after the company posted blowout fiscal first-quarter results , with notably strong revenue from its iPhone 17 models released in September. Apple earned $2.84 per share for the quarter, higher than the $2.67 per share expected by analysts surveyed by LSEG. Revenue came out at $143.76 billion, significantly exceeding analysts’ expectation of $138.48 billion. Overall iPhone revenue surged 23% on an annual basis to $85.27 billion in revenue. Chevron — The oil giant posted fourth-quarter earnings that topped analyst expectations thanks to record oil production . The company earned an adjusted $1.52 per share, beating an LSEG consensus of $1.45 per share. Shares rose more than 1%. Sandisk — The data storage device manufacturer shared solid guidance, leading the stock to pop 10%. Sandisk sees fiscal third-quarter adjusted earnings ranging from $12 to $14 per share, versus the FactSet consensus for $5.11 per share. Second-quarter results also beat Wall Street estimates on the top and bottom lines. Visa — Shares of the financial giant slipped 2.6% despite strong fiscal first-quarter results. Visa earned $3.17 per share, on an adjusted basis, on revenue of $10.9 billion thanks to a jump in cross-border payments and payments volume. That came out higher than the $3.14 in earnings per share and $10.69 billion estimate from analysts polled by LSEG. Deckers Outdoor — The maker of Ugg Boots and Hoka sneakers saw shares surge 16.1% after issuing a 2026 outlook that surpassed Wall Street’s estimates. Deckers sees earnings for the period ranging from $6.80 to $6.85 per share on revenue of $5.4 billion to $5.43 billion. Analysts polled by LSEG were looking for $6.40 per share and $5.37 billion. Stryker — The medical equipment company climbed 3.2% after fourth-quarter results beat estimates. Stryker reported adjusted earnings of $4.47 per share, compared to the FactSet consensus of $4.40 per share. Revenue of $7.17 billion beat analysts’ call for $7.12 billion. KLA Corp . — The semiconductor equipment maker fell more than 13.4% after saying fiscal third-quarter earnings excluding one-time items would range between $8.30 and $9.86 per share, against the LSEG consensus estimate of $8.80. KLA pegged Q3 revenue at $3.2 billion to $3.5 billion versus the Street’s $3.25 billion. Verizon — Shares moved 9% higher following Verizon’s top and bottom line beat for its fourth quarter. The company reported adjusted earnings of $1.09 per share, versus the $1.05 per share expected from analysts polled by LSEG. Revenue came in at $36.38 billion, topping the $36.06 billion consensus estimate. Its full-year adjusted EPS guidance also beat expectations. Exxon Mobil — The oil major’s stock slipped 1.5% even though the company topped Wall Street’s fourth-quarter estimates . Lower oil prices resulted in falling revenue and profits. Exxon earned $1.71 per share on an adjusted basis on revenue of $82.31 billion. Analysts surveyed by LSEG predicted it would earn $1.68 per share on revenue of $81.43 billion. — CNBC’s Darla Mercado, Pia Singh, Michelle Fox, Christina Cheddar-Berk and Scott Schnipper contributed reporting.
