This article first appeared on GuruFocus.
Markets are looking a bit uneasy Thursday, with geopolitical tensions back in focus and oil pushing higher, and that backdrop is showing up clearly in how stocks are moving.
On the upside, a few names are doing the heavy lifting. Hertz (NASDAQ:HTZ) is jumping about 18% after expanding its partnership with Uber, leaning into both driver-led fleets and robotaxi operations. Qualcomm (NASDAQ:QCOM) is up roughly 14% after a solid earnings beat, with strength in automotive and IoT helping offset weaker handset demand. Eli Lilly (NYSE:LLY) is also having a strong day, up about 9% after another big quarter driven by its GLP-1 drugs, while Altria (NYSE:MO) is gaining around 7% on steady pricing and earnings growth. Even Alphabet is moving higher, up about 5% after delivering a clean earnings beat with strong cloud momentum.
On the flip side, the pressure is just as clear. Check Point (NASDAQ:CHKP) is down around 17% after a mixed quarter, while Meta (NASDAQ:META) is sliding about 10% as investors react more to rising spending than strong results. Teladoc (NYSE:TDOC) is also under pressure, off about 6% after a softer outlook.
