IHG Slips, Rheinmetall, Alcon Advances

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

- InterContinental Hotels reported pretax profit for the first half-year that beat the average analyst estimate.

- RBC initiates on the European defense sector, starting coverage of Leonardo, Rheinmetall and Thales with outperform ratings, and BAE Systems, CSG and Saab at sector perform.

- Alcon shares advance as much as 6.6%, the most since November 2025, as the Swiss eye-care company delivers second-quarter results ahead of expectations and lifts guidance for core Ebit margin and EPS growth.

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