Biggest stock movers Wednesday: TXN, ENPH, and more

Stock futures ticked higher in Wednesday’s premarket session after President Trump announced a trade deal with Japan.

Here are some of Wednesday’s biggest stock movers:

Biggest stock gainers

Cal-Maine Foods (NASDAQ:CALM) +5% – Shares climbed after the company topped estimates in FQ4, supported by a 72% Y/Y jump in revenue. The quarter saw an 18% increase in average layer hens, reflecting restarted operations and expansion efforts, helping to alleviate nationwide egg supply shortages. Higher net average selling prices and volumes drove the topline, fueled by strong Easter demand and industry-wide supply constraints from avian flu outbreaks.

Enphase Energy (NASDAQ:ENPH) -8% – Shares plunged despite a Q2 beat, as investor sentiment turned cautious due to the company’s weak outlook and uncertainty surrounding the implications of a newly passed tax-and-spending bill. Enphase guided Q3 revenue between $330M and $370M, with the midpoint of $350M falling short of the $368.4M consensus, raising concerns about near-term demand visibility.
Texas Instruments (NASDAQ:TXN) -12% – Shares fell sharply despite a top- and bottom-line beat, as investor focus shifted to the company’s Q3 outlook, which, though encompassing consensus, presented a wide range. Revenue is projected at $4.45B–$4.8B (vs. $4.55B consensus), and GAAP EPS is forecast at $1.36–$1.60 (vs. $1.49 consensus). Notably, the guidance does not account for the potential impact of recently enacted U.S. tax legislation, adding to near-term uncertainty.