Midday Fly By: Dream Finders offers to buy Beazer, Fox reports Q3 beat

The major averages were slightly higher near noon despite another deterioration in U.S.-Iran negotiations and continued disruption around the Strait of Hormuz. Markets are starting off in the green after six straight weeks of gains, with investors trying to reconcile resilient economic data, rising geopolitical risk and an AI trade that refuses to cool off. 

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.

1. STOCK NEWS:

• Fox (FOXA) reported better-than-expected Q3 results
• Circle Internet (CRCL) reported mixed Q1 results and provided FY26 guidance
• Dream Finders Homes (DFH) (BZH) for $25.75 per share
• Mosaic (MOS) reported downbeat Q1 earnings, lowered its FY26 CapEx guidance, andd withdrew its FY26 phosphate production guidance
• Seadrill (SDRL) provided a “beat and raise” report for Q1

2. WALL STREET CALLS:

• UBS (DELL) on valuation after rally
• Uber (UBER) upgraded to Outperform at Fox Advisors as investments start paying off
• Wendy’s (WEN) downgraded to Underweight at JPMorgan
• Starz Entertainment (STRZ) upgraded to Outperform at Baird
• Wall Street (MAIR) and Arxis (ARXS)

3. AROUND THE WEB:

• Apollo Global (APO) is in talks to sell MidCap Financial (MFIC), WSJ reports
• A Microsoft (MSFT) data center site in East Africa has been delayed due to disagreements with the Kenyan government over guaranteed payments, Bloomberg reports
• General Motors (GM) will pay $12.75M to resolve a California investigation into claims that it illegally sold the location and driving data of OnStar subscribers to brokers, Reuters says
• Apple (AAPL) is working on a “slight redesign” for macOS 27 to address Liquid Glass issues, Bloomberg says
• A Frontier Airlines (ULCC) plane hit and killed a trespasser who breached airport security and ran out onto a runway at Denver International airport late on Friday, WSJ says

4. MOVERS:

• Babcock & Wilcox (BW) rises after reporting quarterly results
• Monday.com (MNDY) higher after reporting upbeat Q1 earnings and providing guidance for Q2 and FY26
• Erasca (ERAS) gains after entering into an AURORAS-1 clinical trial and supply agreement with Merck (MRK)
• Certara (CERT) falls after reporting quarterly results
• Telephone & Data Systems (TDS) lower after Raymond James downgraded the stock to Market Perform from Outperform

5. EARNINGS/GUIDANCE:

• Townsquare Media (TSQ) reported downbeat Q1 results
• Dole (DOLE) reported a year-over-year decline in Q1 earnings
• Kodiak Gas Services (KGS) provided a “beat and raise” report for Q1
• Liquidia (LQDA) reported upbeat Q1 earnings
• Agenus (AGEN) reported a year-over-year increase in Q1 revenue

INDEXES:

Near midday, the Dow was flat at 49,610.87, the Nasdaq was up 0.33%, or 87.72, to 26,334.80, and the S&P 500 was up 0.33%, or 24.13, to 7,423.06.