Take a look at the companies making headlines in midday trading. Spirit AeroSystems – Shares of Spirit AeroSystems rose more than 12% on reports that Boeing is in talks to reacquire the airframe supplier nearly 20 years after spinning it off as an independent company. Hewlett Packard Enterprise — The technology stock rose nearly 2% after its fiscal first-quarter earnings of 3 cents a share beat analysts’ expectations, according to LSEG (formerly Refinitiv). But HP reported revenue of $6.76 billion, below Wall Street expectations of $7.11 billion, and gave weak guidance for the current quarter. Daimler Trucks — Shares of Daimler Trucks soared more than 18% after the commercial vehicle maker reported record full-year profit and authorized a 2 billion euro ($2.16 billion) share buyback. New York Community Bancorp — Shares of the Long Island-based bank plunged nearly 24% after the market closed Thursday after it disclosed concerns about “internal controls” and announced a new CEO. Root — The insurance stock rose nearly 18% and hit a new 52-week high after Jefferies upgraded the insurance stock to buy from neutral. The investment bank said it believes there are significant growth opportunities for Root and raised its price target to $40 from $30, implying an upside of about 25%. Zscaler — The cybersecurity stock fell more than 8% despite quarterly profit that beat Wall Street expectations. Billings’ performance exceeded expectations, but analysts noted that forward guidance suggested growth in Billings would slow in the second half compared with the same period last year. Dell Technologies — Shares of Dell Technologies soared more than 25% after the laptop maker reported fourth-quarter results that beat analysts’ expectations on strong demand for its artificial intelligence servers. Dell also raised its annual dividend by 20% to $1.78 per share. Advanced Micro Devices, Marvell Technology, Micron Technology – AMD were up 4% in midday trading as investors continued to show excitement about stocks related to the implementation of artificial intelligence. AMD’s valuation soared to more than $300 billion on Thursday. Shares of Micron Technology and Marvell Technology surged more than 5% and 7% respectively. METAL PLATFORM — Technology stocks were broadly higher as the Nasdaq Composite soared to a record high on Friday, with shares of the parent company of Facebook and Instagram rising about 2%. —CNBC’s Alex Harring, Yun Li, Michelle Fox and Samantha Subin contributed reporting.
