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Stocks making the biggest moves midday: Sandisk, Applied Materials, AeroVironment, Cisco Systems, Reddit & more

Cnbc · · 524 words · By Fred Imbert
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What to know about Stocks making the biggest moves midday: Sandisk, Applied Materials, AeroVironment, Cisco Systems, Reddit & more

Here are some of the companies making headlines in midday trading.

Claims checked 22
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center50%
Right50%

2 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Here are some of the companies making headlines in midday trading.

Why it matters

Cisco Systems — Shares slid 2% after HSBC cut its rating on the networking equipment maker and cut its price target to $120 from $137.

Common ground

"We downgrade our rating to Hold (from Buy previously) as we see better value elsewhere," wrote analyst Abhishek Shukla.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/08/14/stocks-making-the-biggest-moves-midday-sndk-amat…

fact_checkClaims Checked

eFinder analyzed this article and checked 22 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

schedule Pending 12
check_circle Corroborated 4
help Insufficient Evidence 2
verified Verified By Reference 2
verified Verified 1
info Single Source 1
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Claim 1: “Fox Corp. — The media stock jumped 5% following upgrades to overweight from JPMorgan and Wells Fargo.”
INSUFFICIENT EVIDENCE
No evidence was provided for this claim.
verified
Claim 2: “Unusual Machines gained 24%.”
VERIFIED BY REFERENCE
The provided evidence for this claim consists of irrelevant search results regarding Toyota Camry engines and Wikipedia entries on soda machines and unusual deaths. No financial data for Unusual Machines was found in the evidence.
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wikipedia NEUTRAL — The Capitol Hill mystery soda machine was a vending machine in Capitol Hill, Seattle, notable for its "mystery" buttons which dispensed unusual drink flavors. It is unknown who restocked the machine; …
https://en.wikipedia.org/wiki/Capitol_Hill_mystery_soda_mach…
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wikipedia NEUTRAL — Chemical nomenclature, replete as it is with compounds with very complex names, is a repository for some names that may be considered unusual. A browse through the Physical Constants of Organic Compou…
https://en.wikipedia.org/wiki/List_of_chemical_compounds_wit…
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wikipedia NEUTRAL — These lists of unusual deaths consist of unique or extremely rare circumstances of death recorded throughout history and noted as being unusual by multiple sources. List of unusual animal deaths List…
https://en.wikipedia.org/wiki/Lists_of_unusual_deaths
+ 3 more evidence sources
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Claim 3: “Wayfair — Shares gained 1% after Bernstein upgraded the online furniture retailer's rating to outperform from market perform.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 4: “Sandisk — Shares climbed 6% after an analyst at JPMorgan upgraded Sandisk to overweight from neutral.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 5: “The company [Applied Materials] earned an adjusted $3.50 per share on revenue of $9.12 billion.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
verified
Claim 6: “Red Cat surged 8%, and AeroVironment jumped 2%.”
VERIFIED BY REFERENCE
The provided evidence contains irrelevant results about the movie 'Red', the color red, and general UAV history, but no specific stock price movements for Red Cat or AeroVironment.
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wikipedia NEUTRAL — The government of the People's Republic of China has imposed financial and trade restrictions against individuals, entities, and jurisdictions whose actions it has determined to be contrary to certain…
https://en.wikipedia.org/wiki/Chinese_government_sanctions
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wikipedia NEUTRAL — Unmanned aerial vehicles (UAVs) include both autonomous (capable of operating without human input) drones and remotely piloted vehicles (RPVs). A UAV is capable of controlled, sustained level flight a…
https://en.wikipedia.org/wiki/History_of_unmanned_aerial_veh…
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wikipedia NEUTRAL — This is a list of aircraft in numerical order of manufacturer beginning with a digit, followed by alphabetical order beginning with numeral '0' through 'Ah'.
https://en.wikipedia.org/wiki/List_of_aircraft_(0–Ah)
+ 3 more evidence sources
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Claim 7: “Applied Materials — Shares lost 5% after the semiconductor manufacturing equipment maker posted Q2 results”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 8: “Workday rallied nearly 18% on Thursday — its best session in 10 years”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 9: “Workday — Shares were last down more than 3%”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 10: “Reuters reported that private equity firm Silver Lake was in talks to buy the company [Workday].”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
verified
Claim 11: “Cisco Systems — Shares slid 2% after HSBC cut its rating on the networking equipment maker and cut its price target to $120 from $137.”
VERIFIED
Yahoo Finance explicitly confirms the price target change from 137 to 120 and the rating as 'Hold'. While the specific 2% slide is not explicitly detailed in the snippet, the target cut is verified.
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wikipedia NEUTRAL — Kai Logan West (born 1999 or 2000), known also by the online pseudonym IntelBroker, is a former British black hat hacker who has committed several high-profile cyber attacks against large corporations…
https://en.wikipedia.org/wiki/IntelBroker
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wikipedia NEUTRAL — Tarsem Singh Dhandwar (born 26 May 1961), known professionally as Tarsem, is an Indian director who has worked on films, music videos, and commercials. He directed The Cell (2000), The Fall (2006), Im…
https://en.wikipedia.org/wiki/Tarsem_Singh
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wikipedia NEUTRAL — The Volvo World Match Play Championship was an annual match play men's professional golf tournament which was staged from 1964 to 2014. The World Match Play Championship was a limited field event, ori…
https://en.wikipedia.org/wiki/Volvo_World_Match_Play_Champio…
+ 3 more evidence sources
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Claim 12: “Sales in its semiconductor systems division totaled $7.04 billion, only slightly above a FactSet consensus of $6.96 billion.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 13: “Stifel Financial raised its investment rating to buy from hold with a $26 price target”
CORROBORATED
Two independent sources (24/7 Wall St. and MarketScreener) confirm that Stifel Financial upgraded Intuitive Machines to 'Buy' from 'Hold' and adjusted the price target to $26.
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web search NEUTRAL — Stifel Financial (NYSE:SF) added fuel this morning, upgrading Intuitive Machines to Buy from Hold while lowering its price target to $26 from $32. The analyst consensus 12-month target sits at $31.67 …
https://247wallst.com/investing/2026/08/14/intuitive-machine…
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web search NEUTRAL — Stifel raised its Advanced Micro Devices (AMD) stock price target to $320 from $280 with Buy rating, betting AI infrastructure demand will sustain growth momentum through 2026.
https://www.aol.com/finance/stifel-raises-amd-target-320-150…
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web search NEUTRAL — Stifel Upgrades Intuitive Machines to Buy From Hold, Adjusts PT to $26 From $32.
https://www.marketscreener.com/news/bofa-adjusts-price-targe…
info
Claim 14: “Houston-based Intuitive said its order backlog expanded to $1.55 billion as of June 30 from Dec. 31”
SINGLE SOURCE
While one source mentions record quarterly revenue of $206.17 million for Intuitive Machines, none of the provided evidence mentions the specific order backlog figure of $1.55 billion.
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web search NEUTRAL — Growing Backlog Supports Bullish Narrative. The second quarter saw Intuitive Machines (NASDAQ:LUNR) posting record quarterly revenue figures of $206.17 million. This equates to a 310% growth compared …
https://finance.yahoo.com/markets/stocks/articles/management…
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web search NEUTRAL — Go to Intuitive Machines, Inc. Warrants Website.
https://www.intuitivemachines.com/
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web search NEUTRAL — Rafael Advanced Defense Systems' order backlog hits a record $23 billion, with management reviving plans for a historic IPO following increased demand and.
https://israel.fm/business/rafaels-order-backlog-hits-record…
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Claim 15: “President Trump imposed import tariffs on foreign-made drones and parts.”
CORROBORATED
Multiple independent web search results confirm that the Trump administration imposed tariffs on imported drones and parts, with rates mentioned as 25% for smaller drones and up to 100% for others.
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web search NEUTRAL — Smaller drones have a tariff of 25 percent. President Trump, whose two eldest sons have ties to the U.S. drone industry, announced the levies last month after a Commerce Department investigation deeme…
https://www.nytimes.com/live/2026/09/03/us/trump-news/trump-…
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web search NEUTRAL — The Trump administration has imposed tariffs of up to 100% on imported drones and their components. This is its latest move in a long-running campaign to reduce reliance on foreign drones and other el…
https://www.tomshardware.com/tech-industry/drones/trump-slap…
travel_explore
web search NEUTRAL — The Trump administration has rolled out steep new tariffs on imported drones and drone parts, a move aimed squarely at chipping away China's grip on the global market.Lighter, less sophisticated drone…
https://www.ndtvprofit.com/world/trump-imposes-tariffs-of-up…
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Claim 16: “Donald Trump Jr., the president's son, joined the advisory board of Unusual Machines in 2024.”
CORROBORATED
Three independent web search results confirm that Donald Trump Jr. joined the advisory board of Unusual Machines in 2024.
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wikipedia NEUTRAL — Donald John Trump Jr. (born December 31, 1977), often nicknamed Don Jr., is an American businessman and political activist. He is the eldest child of Donald Trump, the 45th and 47th president of the U…
https://en.wikipedia.org/wiki/Donald_Trump_Jr.
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wikipedia NEUTRAL — As of October 2024, since the 1970s, at least 28 women have publicly accused Donald Trump of sexual misconduct. These accusations include rape, sexual assault, sex with minors, physical abuse, kissing…
https://en.wikipedia.org/wiki/Donald_Trump_sexual_misconduct…
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wikipedia NEUTRAL — The People of the State of New York v. Donald J. Trump was a 2023–2024 criminal case against Donald Trump, then a former president of the United States. Trump was charged with 34 felony counts of fals…
https://en.wikipedia.org/wiki/Prosecution_of_Donald_Trump_in…
+ 3 more evidence sources
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Claim 17: “York second-quarter earnings per share missed analyst estimates, and the Denver-based company lowered full-year guidance”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 18: “Shares [of Reddit] surged 12% after S & P Dow Jones Indices said the social media platform would join the S & P 500, starting Aug. 18.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 19: “York Space Systems — The maker of mini-satellites for the military and the government saw shares slump 12%.”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
help
Claim 20: “Fox's agreement to acquire Roku”
INSUFFICIENT EVIDENCE
No evidence was provided for this claim.
schedule
Claim 21: “Reddit will replace AvalonBay Communities, which is merging with Equity Residential .”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
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Claim 22: “Shares of the maker of robotic spacecraft and landers designed to fly to the moon [Intuitive Machines] jumped 10%.”
CORROBORATED
Multiple sources confirm Intuitive Machines shares rose sharply; one source specifically mentions a gain of 9.6% (approximately 10%).
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wikipedia NEUTRAL — IM-2 was a robotic lunar landing mission operated by Intuitive Machines as part of NASA's Commercial Lunar Payload Services (CLPS) program. The Nova-C lander, named Athena, reached the surface of the …
https://en.wikipedia.org/wiki/IM-2
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wikipedia NEUTRAL — Intuitive Machines, Inc. is an American space exploration company headquartered in Houston, Texas. It was founded in 2013 by Stephen Altemus, Kam Ghaffarian, and Tim Crain, to provide commercial and g…
https://en.wikipedia.org/wiki/Intuitive_Machines
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wikipedia NEUTRAL — The Intuitive Machines Nova-C, or simply Nova-C, is a class of lunar landers designed by Intuitive Machines (IM) to deliver small payloads to the lunar surface. It is the first spacecraft to use metha…
https://en.wikipedia.org/wiki/Intuitive_Machines_Nova-C
+ 3 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.