Stocks making the biggest moves midday: Brown-Forman, Entergy, Meta Platforms, Carnival, Argan & more

Here are some of the stocks making headlines in midday trading. Entergy — The utility stock popped more than 8% after the firm announced a deal with Meta to support the hyperscale data center in Northeast Louisiana. The agreement is expected to deliver approximately $2 billion in customer savings to Entergy Louisiana customers over 20 years. Carnival — The cruise operator trimmed guidance for its full-year adjusted profit, calling for roughly $2.21 per share, down from its earlier forecast of about $2.48 per share. Carnival shares slid more than 3%. Peers Norwegian Cruise Line , Royal Caribbean and Viking tumbled more than 5%, 3% and 2% in sympathy. Meta Platforms — Shares of the social media giant tumbled more than 3%. Meta suffered a rocky week, losing two pivotal court cases and announcing a round of layoffs across Facebook, Reality Labs and other departments. The stock is down more than 11% on the week, heading for its worst weekly performance since October. Cybersecurity stocks — A slate of cybersecurity stocks sold off on a report that Anthropic is testing an advanced new artificial intelligence model that also may present possible security risks. Palo Alto Networks and CrowdStrike fell 5%, and Datadog dropped 7%. SentinelOne slid 6%. Brown-Forman — Shares added 6% after the Kentucky whiskey maker confirmed on Thursday that it was engaged in merger discussions with Pernod Ricard, a French wine and spirits company. Brown-Forman said that any resulting partnership would be “akin to a merger of equals” and draw from the talent and expertise of both companies. AstraZeneca — The pharma giant rose 3% after its experimental drug, tozorakimab, was found to meaningfully reduce flare-ups in cases of chronic obstructive pulmonary disease. The drug delivered the results in two late-stage trials, and the company said full results will be delivered at an upcoming medical meeting. Tripadvisor – The travel booking website gained 3% following an upgrade to buy from neutral at Bank of America, citing accelerating activist engagement and rising strategic optionality across the portfolio. Argan — The construction firm rallied 35% after reporting fourth-quarter earnings and revenue that exceeded expectations. Argan posted earnings of $3.47 per share on revenue of $262.1 million. Analysts polled by FactSet forecasted per-share earnings of $1.98 on revenue of $255.3 million. Unity Software — The platform for game developers surged more than 8% after Unity Software issued preliminary first-quarter adjusted EBITDA of $130 million to $135 million, higher than previous guidance of $105 million to $110 million. Crypto stocks — Bitcoin tumbled more than 3% Friday, and a slew of companies with exposure to the cryptocurrency fell with it. Strategy , a cryptocurrency treasury company, fell more than 5%. Robinhood and Coinbase , popular platforms where the digital currency is traded, fell over 4% and nearly 7%, respectively. Memory stocks — Shares of the companies that were Wall Street’s favorite play to start 2026 rebounded Friday after a spate of losses. Micron rose 2%, and Sandisk gained almost 3%. Western Digital and Lam Research each advanced about 1%. All four stocks are headed for losses on the week, however. Energy stocks — Oil prices rose again on Friday, bringing energy names up with it. EOG Resources , Phillips 66 and Devon Energy were all up more than 1%. Chevron gained 2%. — CNBC’s Sarah Min, Michelle Fox, Yun Li, Tanaya Macheel, Lisa Kailai Han, Nick Wells and Darla Mercado 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.