Today's Morning Movers and Top Ratings: CRWD, MSFT, AXP, ARM and More

$Netflix(NFLX.US)$ The stock increased by 0.98% as the company reported better-than-expected second-quarter results, with significant subscriber growth fueled by a strong lineup of content and efforts to limit password sharing, despite guidance for third-quarter revenue not meeting expectations.

$Schlumberger(SLB.US)$ Shares went up by 1.81% following the oilfield services provider's report of second-quarter profits that surpassed expectations, supported by consistent demand for its drilling equipment and technology in international markets.

$Arm Holdings(ARM.US)$ The semiconductor company's stock climbed 2.99% after Morgan Stanley upgraded its rating to 'overweight' from 'equal-weight' and raised its price target, citing the importance of Arm products to the growth of edge AI.

$Intuitive Surgical(ISRG.US)$ The company's stock surged by 5.98% after it reported second-quarter earnings that exceeded forecasts, posting an adjusted $1.78 earnings per share on revenue of $2.01 billion. This performance outpaced the expectations of analysts polled by LSEG, who had projected earnings of $1.54 per share on $1.97 billion in revenue.

$CrowdStrike(CRWD.US)$ Shares tumbled by 11.88% amid reports that a software update from the cybersecurity firm led to a widespread IT outage.

$Microsoft(MSFT.US)$ The company's stock declined by 1.40% on news that the aforementioned outage impacted devices using Microsoft's Windows operating systems.

$American Express(AXP.US)$ Shares dropped 2.89% after the credit card company reported revenue growth that fell below expectations, although second-quarter profits exceeded estimates, buoyed by continued spending from affluent customers.

$Halliburton(HAL.US)$ The stock decreased by 2.11% even though the oilfield services firm announced an increase in quarterly profit, as the company also reported a 3% decline in revenue from its critical North American market.

$Plug Power(PLUG.US)$ Shares fell sharply by 11.99% after the alternative-energy company announced the initiation of a $200 million stock offering, marking another development in its ongoing liquidity challenges.