Take a look at the companies making headlines in midday trading. Krispy Kreme — Krispy Kreme shares are up nearly 30% and having their best day ever. McDonald’s plans to sell the company’s donuts in restaurants nationwide by the end of 2026, with an initial rollout starting later this year. McDonald’s shares were little changed. Trump Media & Technology Group – Shares of former President Trump’s social media company surged 35% after listing on Nasdaq. Trump Media completes merger with shell company Digital World Acquisition Corp. on Monday. McCormick — Shares of McCormick rose 10% after the spice maker beat fiscal first-quarter profit and revenue estimates. 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, compared with expectations of $1.55 billion. Reddit — Investors continued to buy the social media stock after Reddit debuted on the New York Stock Exchange on Thursday, sending its shares up about 15%. The stock rose 30% on Monday. Viking Therapeutics — Shares of Viking Therapeutics jumped more than 21% after the biotech announced its experimental weight-loss drug showed promising results in a small trial. Viking Therapeutics said the drug will enter the next phase of development this year. Seagate Technology — The data storage stock rose nearly 10% after Morgan Stanley upgraded the stock to overweight from equal weight. Morgan Stanley said the company achieved better profitability by generating artificial intelligence and other drivers. Micron Technology — Shares of the memory chip maker rose 2% after Mizuho Securities reiterated a buy rating and raised its target price on the stock. The company noted that strong artificial intelligence opportunities could contribute to strong sales in late 2024 and 2025. UPS — Shares of the delivery stock fell more than 6% as Wall Street digested an updated long-term forecast. UPS said it expects revenue could hit $114 billion in 2026 after shrinking last year, but Wall Street analysts have questioned the pricing used in the forecast. Canada Goose — Shares of Canada Goose fell 3.4% after the maker of luxury outerwear and parkas announced plans to lay off 17% of its corporate workforce globally to cut costs and reduce consumer discretionary spending. Super Micro Computer — Shares rose 2.3%, extending gains since J.P. Morgan issued an overweight rating on the stock on Monday. The company calls the server and storage solutions provider a leader in the growing artificial intelligence computing market, which it says is “still in its infancy.” —CNBC’s Alex Harring, Michelle Fox, Jesse Pound and Pia Singh contributed reporting.
