Check out the companies making headlines in midday trading: Tesla — The electric vehicle stock gained nearly 7%, continuing to rally on the heels of Donald Trump winning a second presidential term. The Elon Musk-helmed company saw its market capitalization rise to $1 trillion on Friday. Shares have gained more than 26% this week. Trump Media & Technology — Trump’s social media company advanced 12% after he said he had no plan to sell any of his nearly $3 billion stake . Five Below — The discount retailer slipped more than 4% as the ramifications of Trump’s potential tariffs on Chinese imports continued to weigh on the stock. Upstart — The lending platform surged more than 46% after issuing a better-than-expected revenue forecast for the current quarter, on top of surpassing analysts’ estimates for both revenue and earnings in the third quarter. Pinterest — Shares of the image-sharing platform pulled back 16% after the company issued a lower-than-expected revenue outlook for the current quarter. Block — The Cash App parent company slumped more than 4.5% after its third-quarter revenue of $5.98 billion missed expectations. Analysts anticipated revenue of $6.24 billion, per LSEG. Airbnb — Shares fell more than 8% after the homestay company posted mixed quarterly results. Airbnb managed to beat revenue estimates, but earnings came just below expectations. DraftKings — Shares of the sports betting company gained 1% even after DraftKings posted weaker-than-expected third-quarter earnings and a disappointing revenue outlook for the current quarter. Toast — The restaurant management company climbed 13% after it forecast adjusted EBITDA of between $90 million and $100 million for the current quarter. Analysts expected guidance around $74.8 million, per LSEG. Arista Networks — Shares of the computer networking company fell 7% despite third-quarter results beating analysts’ estimates. Arista also announced a four-for-one stock split. Lucid Group — The stock fell more than 4% despite the electric carmaker posting better-than-expected third-quarter results . The company posted an adjusted loss per share of 28 cents on revenue of $200 million. Analysts expected a loss of 30 cents per share on $198 million in revenue, according to LSEG. That said, Lucid’s net loss widened in the period, posting $992.5 million versus $630.9 million in the year-ago period. Capri Holdings — The fashion holding company sank more than 10% following a fiscal second-quarter earnings and revenue miss. Capri reported an adjusted 65 cents per share on revenue of $1.08 billion. Analysts polled by LSEG expected 75 cents in earnings per share and $1.18 billion. Monster Beverage — The energy drink company shed 2.1% after reporting worse-than-anticipated results for the third quarter. Monster earned 40 cents per share, excluding items, on $1.88 billion in revenue, while analysts polled by FactSet predicted 43 cents in earnings per share and $1.91 billion in revenue. Affirm Holdings — Shares dipped more than 10% even as the buy now, pay later company reported better-than-expected first-quarter results on the top and bottom lines . BioNTech — The German biotechnology company advanced nearly 5% after Goldman Sachs upgraded the stock to buy from neutral , citing upside from a new cancer treatment. Bath & Body Works — Shares pulled back nearly 6% after Barclays downgraded the retailer to equal weight from overweight, over concern that sales and margin could be squeezed in 2025. — CNBC’s Hakyung Kim, Alex Harring and Sean Conlon contributed reporting.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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