Stock Movers: Hess Arbitration Win, Potential Rail Deal, Netflix & 3M Earnings

Hess Arbitration Victory and Chevron Deal

• 💡 Hess Corp. shares rose over 8% following a significant arbitration win against Exxon Mobil Corp.
• 🎯 This victory clears the path for Chevron Corp. to complete its $53 billion acquisition of Hess, a deal initially announced 20 months prior.
• ⚠️ Exxon Mobil stated they "disagree with the ICC panel's interpretation but respect the arbitration and dispute resolution process."

Potential Norfolk Southern Acquisition

• 🚀 Norfolk Southern Corp. (NSC) saw its shares increase as Union Pacific Corp. is reportedly exploring an acquisition.
• 📊 A deal would merge the No. 1 and No. 5 North American railroads by revenue, creating companies with a combined market value nearing $200 billion.
• ✅ Union Pacific CEO Jim Vena and Norfolk Southern CFO Jason Zampi have expressed support, citing potential benefits for the country.

Netflix Earnings and Forecast

• 📉 Netflix (NFLX) shares declined despite beating second-quarter earnings expectations and raising its full-year forecast.
• 📈 The stock has performed strongly this year, up nearly 50% from an April low, with its market value surpassing Walt Disney, Comcast, and Warner Brothers combined.
• 💬 Analysts suggest the shares may need a "breather" despite strong execution.
• 📌 Netflix will no longer report subscriber numbers, shifting focus solely to revenue.

3M Raises Profit Forecast

• 📈 3M (MMM) shares were higher after the company increased its full-year profit forecast to $7.75-$8 per share, including expected tariff impacts.
• 💰 The company's adjusted second-quarter earnings of $2.16 per share surpassed analysts' average estimate of $2.01.
• 🛠️ Under CEO William Brown, 3M has implemented measures like shifting production and adjusting pricing to mitigate tariff effects.