Before you call, check out the companies that are making headlines. GameStop – Shares rose nearly 27% after the company said Friday that it earned about $933.4 million from the sale of shares. The company sold 45 million shares of common stock. Nvidia — Shares of the chipmaker jumped 3% in premarket trading, extending their rally following the release of its quarterly earnings report on Wednesday. The stock soared 15% last week, topping $1,000 for the first time. Norwegian Cruise Holding – Shares of the cruise line rose 3% after Mizuho’s stock was upgraded to neutral. The investment firm said the Norwegian company could benefit from a change of heart after being the target of short selling in recent years. Viking Shares rose 1.1% after a slew of Wall Street firms began covering the new publicly traded cruise line operator, which debuted on the New York Stock Exchange on May 1. Bank of America initiated coverage of Viking with a buy rating, citing its “single brand and clear niche.” UBS also gave it a “buy” rating, saying it is a “pure luxury travel play.” JPMorgan gave the stock an “outperform” rating. Airbnb — Shares of the short-term rental company rose 1.5% after Wedbush upgraded its rating to higher. The company said there is strong demand for travel and Airbnb’s recent weak performance represents an attractive entry point. DuPont — Shares rose 1.4% after Citi upgraded its rating on the chemical company to neutral. The bank said DuPont’s planned spinoff of its water and electronics businesses could be a catalyst for growth. Duolingo – The e-learning platform grew 1% following JMP’s upgrade to above market performance. Analyst Andrew Boone said Duolingo Max, the company’s new subscription tier, could drive shares higher. Boone also highlighted the tailwind created by artificial intelligence. Huntington Bancshares — The regional bank rose more than 1% Tuesday morning after JPMorgan raised its rating on the stock from neutral to overweight. JPMorgan is optimistic about building on the strengths and potential of organic growth. US Cellular — Shares jumped more than 9% after the company announced that T-Mobile would acquire US Cellular’s wireless operations and 30% of its spectrum assets for $4.4 billion. The deal is expected to close in mid-2025. T-Mobile shares remained unchanged. Shares of Telephone & Data Systems, which owns 84% of US Cellular, jumped 12%. Elanco Animal Health. Shares of the pet care company, formerly part of Eli Lilly, rose more than 1% after the Food and Drug Administration said its methane-reducing feed ingredient Bovaer meets safety and regulatory standards. efficiency. — CNBC’s Jesse Pound, Sarah Min, Michelle Fox and Scott Schnipper contributed reporting.
