Stocks making the biggest moves midday: Tesla, NextDecade, General Motors, Delta Air Lines & more

Here are some of the stocks making headlines in midday trading. Tesla — The electric vehicle manufacturer lost about 4% after first-quarter deliveries fell short of expectations. Tesla reported 358,000 vehicles delivered in the period, down 14% from the prior quarter. Analysts polled by StreetAccount were looking for 370,000 deliveries. Nike — The sneaker giant dropped more than 2% and headed for a second straight day of losses. Earlier this week, Nike issued a bleak outlook , calling for a 20% decline in sales in China during the current quarter. Shares had tumbled more than 15% on Wednesday. Coherent , Lumentum — The companies, makers of optical transceivers, were the top gainers in the S & P 500, heading for a third straight day of gains. Coherent was last up more than 4%, while Lumentum advanced more than 5%. Wingstop — The chicken wing chain saw shares pop about 6% on the back of an upgrade from Piper Sandler. The firm lifted its rating on Wingstop to overweight and gave it a price target of $190, citing an improving risk-reward setup. Blue Owl — The alternative asset manager slumped 1% after the company disclosed unusually high redemption requests in two of its private credit funds. Blue Owl chose to cap the requests at 5% for both funds. Oil stocks — Shares of energy companies jumped alongside the move higher in oil prices , which surged more than 10% after President Donald Trump’s speech Wednesday night indicated the war in Iran would continue. Diamondback Energy gained 2%, while, APA , ConocoPhillips and Chevron all added about 1%. Cruise stocks — Major cruise operators tumbled after Trump’s speech failed to outline a clear path to end the war in Iran, leading oil prices to surge and reigniting demand fears. Carnival fell 3%, while Royal Caribbean dropped 1% and Norwegian Cruise Line lost 2%. Airlines — Higher oil prices also sent airline stocks tumbling, with Delta Air Lines and Southwest Airlines falling 2%. United Airlines declined 3%. General Motors — The auto manufacturer slipped more than 3% after it revealed on Wednesday that first-quarter sales fell 9.7% compared with the same three months a year ago. General Motors and other carmakers were also weighed down by rising oil prices on Thursday, on fears it could lead to shifts in consumer spending that weaken demand in the auto market. Globalstar — The mobile satellite services provider rallied 9% following a Financial Times report that Amazon was in talks to acquire the company. Shares of Amazon were little changed. Amazon declined to comment and Globalstar didn’t immediately respond to a request for comment. Penguin Solutions — The enterprise solutions provider for computing, memory and LED markets rallied 13% after its second-quarter financial results topped the Street’s expectations. Adjusted earnings came in at 52 cents a share, versus the FactSet consensus estimate of 42 cents. Revenue was $343 million, compared with the $339 million expected by analysts Liquefied natural gas exporters — Shares of LNG exporters rose amid fears that the conflict in the Middle East will continue to disrupt global supply. NextDecade jumped 6%, and Cheniere Energy climbed roughly 2%. Fertilizer stocks — Fertilizer companies also jumped as concerns that the continued Strait of Hormuz closure will weigh on supply. CF Industries rose 1% and Intrepid Potash added about 4%. LSB Industries gained 1%. — CNBC’s Davis Giangiulio, Sarah Min, Darla Mercado and Nick Wells contributed reporting. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds — from financial professionals to everyday individuals — come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you’re starting from, you’ll leave with clearer thinking, stronger strategies. Enter your email here to get a discount code.