Stocks making the biggest moves midday: Salesforce, Delta, Albemarle and more

cnbc.com:

Check out the companies making headlines in midday trading.

Salesforce — Shares of the enterprise-software maker jumped nearly 10% after the company's stronger-than-expected quarterly earnings report. Salesforce also lifted its full-year earnings guidance, but reduced its guidance for revenue. The company said it's slowing down in hiring and isn't looking to make another big purchase at this point after its acquisition of Slack.

Delta — The stock fell 5% after the airline said it expects sales in the current quarter to return to pre-pandemic levels. Delta Air Lines said greater travel demand from consumers who are willing to pay higher ticket fares helped offset the spike in energy prices.

Albemarle, Mosaic — Materials companies typically linked to the economic cycle were among the biggest laggards in the S&P 500 as comments from JPMorgan CEO Jamie Dimon saying the economy is headed for a «hurricane» weighed on the market. The chemical manufacturing company Albemarle's shares dropped more than 10%. Agriculture company Mosaic shed more than 7%.

Travel stocks — Cruise lines, air carriers, hotels and other travel names suffered as investors worried about the health of the economy. Norwegian Cruise Line and United Airlines fell more than 6%, Airbnb lost 4% and Wynn Resorts slipped by 2%.

Victoria's Secret — Shares of the intimate apparel retailer surged 7.8% after reporting a beat on earnings in the recent quarter. Victoria's Secret reported adjusted earnings per share of $1.11, compared to analysts' estimates of 84 cents. Revenue came in at $1.48 billion, falling in line with expectations.

Tempur Sealy International — The mattress company's shares fell about 6% after Piper Sandler downgraded the stock to neutral from