The Charles Schwab Corporation

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The Charles Schwab Corporation stock analysis SCHW overview
Somewhat Bearish -25

Stocks making the biggest moves midday: Abbott Labs, AMD, Charles Schwab, On Semi & more - CNBC

📈 Advanced Micro Devices (AMD) surged over 7% after analyst Bernstein raised its price target to $265 and noted strength in server CPUs.

💻 Intel shares advanced nearly 5% as the same analyst lifted their price target to $60 per share from $36.

📉 Abbott Laboratories tumbled nearly 7% following weak second-quarter guidance that missed consensus earnings estimates and reduced full-year forecasts.

🚀 Aehr Test Systems jumped 11% after receiving a $41 million production order from a leading AI customer, sparking gains in optical stocks like Lumentum and Coherent.

⚡ On Semiconductor rose 9% following multiple bullish reports, including Bank of America hiking its price target to $85 and upgrading the rating to buy.

🥤 PepsiCo's stock gained 2% after first-quarter earnings and revenue both beat analyst expectations, with adjusted profits reaching $1.61 per share.

🔧 Taiwan Semiconductor Manufacturing Group slipped 3% despite beating consensus estimates for both earnings and revenue in its latest quarter.

🎨 PPG Industries advanced about 5% after announcing global price increases of up to 20% driven by higher costs in petrochemicals, energy, and transportation markets.

🚀 Voyager Technologies jumped 4% after NASA selected it for its seventh private astronaut mission to the International Space Station, expected to launch in 2028 or later.

🏢 SL Green Realty shares slipped more than 1% as first-quarter funds from operations fell significantly compared to a year ago, despite rental revenue exceeding forecasts.

🚚 J.B. Hunt Transport Services surged 8% after reporting first-quarter earnings and operating revenue that both exceeded analyst consensus estimates.

🐦 Transport company Old Dominion rose more than 5% in sympathy with the strong performance of its competitor J.B. Hunt.

🏛️ Charles Schwab's stock fell 5% as first-quarter revenue missed consensus, even though adjusted earnings topped expectations; the firm plans to launch direct Bitcoin and Ether trading.

🎰 Flutter Entertainment dropped 4% after Citi downgraded its rating from buy to sell due to reduced growth conviction in the U.S. market.

🏦 U.S. Bancorp lost 1% despite beating earnings estimates, as net interest income and margins fell slightly short of analyst expectations for the quarter.

Bullish Signals
  • Charles Schwab adjusted earnings topped expectations despite revenue missing the consensus estimate.
  • The company announced it would launch direct bitcoin and ether trading to compete with exchanges such as Robinhood, potentially expanding its product offerings and attracting new customers.
Risk Factors
  • Charles Schwab's first-quarter revenue of $6.48 billion fell short of the LSEG consensus estimate of $6.5 billion.
  • The shortfall in Q1 revenue caused Schwab's shares to drop 5% despite adjusted earnings topping expectations.
Full Analysis
Midday trading on April 16, 2026 saw significant volatility driven primarily by earnings reports, analyst upgrades, and sector-specific developments. Advanced Micro Devices surged more than 7% after Bernstein lifted its price target from $235 to $265 per share, citing growing confidence in AMD's server CPU strengths; analyst Stacy Rasgon noted the stock is on pace for a 12th consecutive winning session. In contrast, Abbott Laboratories shares tumbled nearly 7% following weak guidance, as the company forecast adjusted earnings between $1.25 and $1.31 per share for the current quarter, missing the FactSet consensus of $1.36. Additionally, Abbott reduced its full-year guidance to a range of $5.38 to $5.58 per share after factoring in the acquisition of Exact Sciences, falling below the analyst estimate of $5.60 per share. Several other technology and industrial stocks experienced notable movements fueled by institutional recommendations and contract announcements. Aehr Test Systems jumped 11% after securing a $41 million production order from a hyperscale AI customer, prompting gains in related optical stocks Lumentum and Coherent. On Semiconductor climbed 9% on bullish reports from Bank of America, which raised its price target to $85 per share and upgraded the rating to buy. Conversely, Taiwan Semiconductor Manufacturing Company slipped 3% despite beating expectations on earnings and revenue, while Charles Schwab saw its shares drop 5% after first-quarter revenue of $6.48 billion fell short of the $6.5 billion LSEG consensus estimate. Beyond the tech sector, mixed performance was observed in consumer staples, transportation, and real estate. PepsiCo reported first-quarter adjusted earnings of $1.61 per share on revenue of $19.44 billion, beating expectations and sending its stock up 2%. J.B. Hunt Transport Services surged 8% with earnings of $1.49 per share, while Old Dominion rose over 5% in sympathy. In the industrial space, PPG Industries advanced about 5% following a global price increase of up to 20% due to raw material cost pressures, whereas SL Green Realty slipped more than 1% after funds from operations dropped to 84 cents per share compared to $1.40 a year prior. Other notable movers included Voyager Technologies, which jumped 4% after NASA selected it for its seventh private astronaut mission scheduled for no earlier than 2028, and Flutter Entertainment, which fell 4% after being downgraded by Citi due to concerns over U.S. growth prospects. Regional bank U.S. Bancorp also lost 1% as net interest income dipped slightly below analyst expectations despite meeting overall earnings estimates.