See the companies making headlines in midday trading. Krispy Kreme – Krispy Kreme gained nearly 30% and achieved its best day ever. McDonald’s plans to sell the company’s donuts in its restaurants nationwide by the end of 2026, with initial rollout beginning later this year. McDonald’s shares were little changed. Trump Media & Technology Group — Shares of former President Donald Trump’s social network rose 35% after it began trading on the Nasdaq. Trump Media has completed its merger with shell company Digital World Acquisition Corp. on Monday. McCORMICK — Shares jumped 10% after the spice maker beat earnings and revenue expectations for its fiscal first quarter. McCormick’s adjusted earnings per share were 63 cents, compared with the consensus estimate of 58 cents, according to FactSet. Revenue was $1.6 billion versus an expected $1.55 billion. Reddit — Shares of Reddit rose about 15% as investors continued to snap up social media shares after their debut Thursday on the New York Stock Exchange. Shares rose 30% on Monday. Viking Therapeutics – Biotech shares rose more than 21% after the company announced its experimental weight-loss drug showed promising results in a small trial. Viking Therapeutics said the tablet will enter the next stage of development this year. Seagate Technology – Storage stocks rose nearly 10% following Morgan Stanley’s upgrade to overweight. Morgan Stanley said the company has more revenue thanks to generative artificial intelligence and other factors. Micron Technology, the memory chip maker, gained 2% after Mizuho Securities reiterated a buy rating and raised its price target for the stock. The firm pointed to strong artificial intelligence capabilities that could help boost sales in late 2024 and 2025. UPS — Shares of trucking companies fell more than 6% as Wall Street digested updated long-term forecasts. UPS said it expects revenue to potentially reach $114 billion in 2026 after a contraction last year, but Wall Street analysts raised questions about the prices used in the forecast. Canada Goose — Shares of the luxury jacket and parka maker fell 3.4% after announcing plans to cut 17% of its global corporate workforce as it seeks to cut costs and consumers cut discretionary spending. Super Micro Computer – Shares rose 2.3%, extending gains reported Monday when JPMorgan began covering the stock with an outperform rating. The firm named the server and storage solutions provider as a leader in the growing artificial intelligence computing market, which it said is “still in its infancy.” — CNBC’s Alex Harring, Michelle Fox, Jesse Pound and Pia Singh contributed reporting.
