Check out the companies making headlines in pre-market trading. Krispy Kreme — Shares of Krispy Kreme soared nearly 14% in premarket after the company said it will sell its donuts in McDonald’s restaurants nationwide by the end of 2026, with the rollout starting in the second half of this year. Krispy Kreme will begin test sales in select McDonald’s stores in 2022, and their partnership expansion will double the donut maker’s current distribution volume. McDonald’s shares fell more than 1%. Seagate Technology — The data storage stock rose 4.1% after Morgan Stanley upgraded the stock to overweight from equal weight. Morgan Stanley said the company’s profitability improved due to generative artificial intelligence and other factors. McCormick — Shares of McCormick rose nearly 4% after the flavor maker reported better-than-expected earnings and revenue. Adjusted earnings per share in the fiscal first quarter were 63 cents, higher than the 58 cents expected by analysts polled by FactSet. Revenue was $1.6 billion, compared with expectations of $1.55 billion. United Parcel Service — Shares of United Parcel Service rose 3% after the delivery company issued a long-term forecast. The company said it expects consolidated revenue in 2026 to be between $108 billion and $114 million. According to UPS, consolidated revenue will drop to $91 billion in 2023. Super Micro Computer — Shares rose 3.1%, extending an overweight rating on the stock from J.P. Morgan on Monday. The company called Advanced Micro Computer, which makes servers and storage solutions, a leader in an artificial intelligence computing market that is “still in its infancy.” Micron Technology — The chipmaker rose 1.5% after Mizuho Securities reiterated a buy rating and raised its price target on the stock, saying strong artificial intelligence opportunities could lead to better-than-expected sales in late 2024 and into 2025. TSMC — Stocks Shares of Taiwan Semiconductor Manufacturing Co. rose 1% after JPMorgan reiterated an overweight rating on the semiconductor stock. The company noted that “all roads” in artificial intelligence lead to TSMC. —CNBC’s Jesse Pond, Alex Harlin, Michelle Fox and Pia Singh contributed reporting
