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Krispy Kreme — Krispy Kreme popped nearly 30% and headed for its best day on record. Trump Media & Technology Group — Shares of former President Donald Trump's social media company surged 35% after it began trading on the Nasdaq . Trump Media completed its merger with shell company Digital World Acquisition Corp . McCormick — The stock jumped 10% after the spice maker topped earnings and revenue expectations for its fiscal first quarter. Reddit — Reddit popped about 15% as investors continued buying up the social media stock following its Thursday debut on the New York Stock Exchange .
Persons: Kreme, McDonald's, Donald Trump's, McCormick, Morgan Stanley, Alex Harring, Michelle Fox, Jesse Pound, Pia Singh Organizations: Trump Media & Technology, Nasdaq, Trump Media, Revenue, New York Stock Exchange, Viking Therapeutics, Seagate Technology, Micron Technology, Mizuho Securities, UPS —, UPS, JPMorgan Locations: FactSet
Krispy Kreme began testing sales at some McDonald's locations in 2022, and their partnership expansion would double the donut maker's current distribution. McDonald's shares fell more than 1%. Seagate Technology — The data storage stock added 4.1% on the back of a Morgan Stanley upgrade to overweight from equal weight. Super Micro Computer — Shares rose 3.1%, continuing its gains from Monday when JPMorgan initiated coverage of the stock with an overweight rating. Taiwan Semiconductor — Shares got a 1% boost after JPMorgan reiterated its overweight rating on the semiconductor stock.
Persons: Krispy Kreme, Morgan Stanley, McCormick —, Jesse Pound, Alex Harring, Michelle Fox, Pia Singh Organizations: Seagate Technology, FactSet, Revenue, United Parcel Service, UPS, JPMorgan, Micro Computer, Micron Technology, Mizuho Securities, Taiwan Semiconductor
McCormick spices are displayed on a shelf at a supermarket in San Anselmo, California, on March 28, 2023. Warby Parker — The eyewear maker popped 3.4% after Evercore ISI upgraded shares to outperform from in line. Rivian Automotive — Shares of the electric vehicle maker lost 8.3%, even though Rivian's deliveries topped estimates and showed sustained demand. Earlier in the day, Evercore ISI added a tactical outperform rating on the stock, noting it appears oversold near term. However, Evercore ISI reiterated a long-term in-line rating on Ally and trimmed its 12-month price target.
Persons: McCormick, Warby Parker, Trex, Goldman Sachs, Eli Lilly, Morgan Stanley, KeyBanc, McCormick —, Roth MKM, Alex Harring, Brian Evans, Samantha Subin, Jesse Pound Organizations: ISI, Rivian, EVs, StreetAccount, Meta, Union Facebook Locations: San Anselmo , California, U.S
Co-CEOs Neil Blumenthal and Dave Gilboa of Warby Parker at the New York Stock Exchange on Sept. 29, 2021. Warby Parker — Warby Parker jumped about 4% after Evercore ISI upgraded the eyeglass retailer to an outperform rating, saying shares could rally more than 50% as the company's margins and revenue growth reaccelerate. Eli Lilly , Point Biopharma — Shares of Point Biopharma popped 85% after Eli Lilly announced it would buy the cancer therapy maker for $12.50 a share in cash, or roughly $1.4 billion. Warner Music Group — Warner added 3.5% after UBS upgraded the stock to buy from neutral. Emerson Electric — The industrial giant dipped 1% in premarket trading after UBS downgraded the stock to neutral from buy, citing the company's valuation and limited upside.
Persons: Neil Blumenthal, Dave Gilboa, Warby Parker, Warby Parker — Warby Parker, Eli Lilly, Biopharma, McCormick —, McCormick, Roth MKM, , Alex Harring, Sarah Min, Michelle Fox, Pia Singh Organizations: New York Stock Exchange, ISI, HP, Bank of America, StreetAccount, Warner Music Group, Warner, UBS, KeyBanc, Emerson
"Obviously, he's a candidate who has completely united the grassroots," a national Republican strategist, speaking on condition of anonymity as he was not authorized to discuss the candidacy, said. In a background call with reporters, a McCormick campaign strategist said the candidate "will address" those concerns "head on and directly." And the McCormick campaign strategist said the candidate will enter the race with the support of each Republican member of Pennsylvania's congressional delegation. "Dave McCormick has done a remarkable job of unifying the grassroots in Pennsylvania," Montana Sen. Steve Daines, chairman of the National Republican Senatorial Committee, said in a statement. "His ability to unite both the grassroots and the establishment is extremely impressive," the national Republican strategist said.
Persons: Dave McCormick, Sen, Bob Casey, McCormick, Republican Mehmet Oz, I've, Doug Mastriano, he's, Casey, McCormick —, George W, , Oz, Donald Trump, Trump, Pat Toomey, John Fetterman, Fetterman, Mastriano, Montana Sen, Steve Daines, Dave, Bob Casey Sr, Joe Biden Organizations: Republican, GOP, Keystone State, United States Senate, Republican Party, Army's, Airborne Division, Wall Street Republican, Associated Press, AP, National Republican Senatorial, Republicans, Trump, Washington , D.C Locations: Pittsburgh, Pennsylvania, U.S, New Jersey, Connecticut, Montana, West, Washington ,, Harrisburg
Ron DeSantis is officially announced his 2024 presidential campaign in May, launching the most formidable challenge yet to former President Donald Trump. In the two months before DeSantis' announcement, Trump locked up the support of most of the Republican House members from Florida — and he's garnered far more endorsements overall than DeSantis. As of June 20, five House members and one governor have announced they're backing DeSantis for the 2024 GOP nomination. Thomas Massie — the Kentucky congressman and outspoken libertarian endorsed DeSantis in April, saying he's been "honored to call Ron DeSantis a friend for over a decade." Rich McCormick — the Georgia congressman endorsed DeSantis in May, saying in a Twitter video that the 2024 "election is about winning" and "who can earn victory in Georgia."
Persons: Ron DeSantis, , Donald Trump, DeSantis, Trump, he's, Republican Sen, Cynthia Lummis of, dislodging Trump, Kevin Stitt —, Joe Biden, Bob Good —, Kevin McCarthy's speakership, Laurel Lee, Thomas Massie —, Rich McCormick —, Chip Roy — Organizations: Florida Gov, Trump, Service, Gov, Capitol, Republican House, Capitol Hill, Republican, GOP, Republicans, Five, State, Caucus Locations: Florida, Cynthia Lummis of Wyoming, Oklahoma, Virginia, Kentucky, Georgia, Texas
Check out the companies making the biggest moves in premarket trading. EPAM Systems — The software firm fell 2.9% a day after the company posted second-quarter earnings and revenue guidance that was below analysts' expectations. Thor Industries — Shares surged nearly 10% after the recreational vehicle manufacturer reported an earnings and revenue beat. Smucker — The food products stock gained 1% in premarket trading after J.M. Apple — The iPhone maker dipped less than 1% in premarket trading a day after releasing its Vision Pro mixed-reality headset.
Persons: Amnon Shashua, Patrick Gelsinger, Mobileye, Coinbase, Thor, McCormick, Gitlab, GitLab, Refinitiv, Ferguson —, Ferguson, Smucker, Davidson, Jesse Pound Organizations: Intel, Nasdaq, U.S . Securities, Exchange, SEC, Binance, Systems, Thor Industries, Bank of America, Revenue, Apple, Street, D.A Locations: New York, underperform
Here are the stocks making the biggest moves in midday trading Tuesday, June 6. Coinbase — Shares of the crypto exchange fell 12% after the U.S. Securities and Exchange Commission sued Coinbase on Tuesday. GitLab reported a 6-cent loss per share, better than the 14-cent loss per share the consensus anticipated, according to Refinitiv. Thor reported earnings of $2.24 per diluted share, while analysts surveyed by FactSet were expecting $1.07 per share. HealthEquity — The stock added about 11.6% the day after the company beat expectations on earnings and gave positive full-year guidance.
Persons: Coinbase, GitLab, Refinitiv, Thor, FactSet, Zions Bancorporation, KeyCorp, McCormick, Smucker, , Alex Harring, Yun Li, Samantha Subin Organizations: U.S . Securities, Exchange Commission, SEC, Industries, Thor Industries, Comerica, KeyCorp, Regional Bank ETF, Bank of America, VF Corp, Locations: KeyCorp —, California
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