Market Data 
Check out the companies making headlines in midday trading: Abercrombie & Fitch — Shares popped 22% after the apparel retailer posted fiscal first-quarter sales that grew 22% from a year earlier. Abercrombie’s profit during the period was nearly seven times compared to the year-ago period and came in ahead of Wall Street’s estimates. Netflix — Morgan Stanley reiterated its overweight rating on the streaming stock, leading shares 2% higher. According to the firm, Netflix can see strong double-digit revenue growth that should extend beyond the benefits it is seeing from its paid-sharing initiative. American Airlines — The travel stock sank 14% after a guidance cut for the second quarter . The company said it now sees unit revenues falling as much as 6% during the period compared to a year ago. Prior guidance said the decline would not be greater than 3%. American Airlines also lowered its projections for adjusted earnings per share. Dick’s Sporting Goods — Shares soared 15% after the sports equipment retailer posted an earnings and revenue beat for its fiscal first quarter and raised its full-year guidance. Dick’s now expects full-year earnings to come in between $13.35 and $13.75 per share, up from its previous range of $12.85 to $13.25. That is above the $13.25 per share expected from analysts polled by LSEG. ConocoPhillips , Marathon Oil — The oil company slipped close to 4% in midday trading following news that ConocoPhillips is acquiring peer Marathon Oil in a $17 billion all-stock deal. Marathon’s shares gained almost 8% on the news. HubSpot — The marketing software company added 1.7%. The stock added to its gains from Tuesday, which came after CNBC’s David Faber reported that Google parent Alphabet is in talks for an all-stock offer for HubSpot. Fluence Energy — Shares advanced 3% after UBS reiterated the energy company as a buy, saying it is an “under-appreciated beneficiary” of increasing demand from artificial intelligence, tied to data center-driven electricity demand. Chewy — The pet supply retailer’s stock jumped 28% after posting a significant quarterly beat. Chewy reported earnings per share of 15 cents on $2.88 billion in revenue, beating estimates of just 6 cents per share on $2.85 billion in revenue, per LSEG. Insurance-related stocks — Insurance provider UnitedHealth dropped 4.5% following management commentary around its Medicaid business. Other stocks also tied to the government-run health insurance program, namely Molina Healthcare , Elevance Health and Humana , also slid during Wednesday’s trading session. — CNBC’s Brian Evans, Hakyung Kim, Jesse Pound and Michelle Fox contributed reporting.
