Check out the companies making headlines in midday trading. Krispy Kreme – Krispy Kreme's price jumped nearly 30% and is on track for its best day ever. McDonald's plans to sell the company's donuts in its restaurants across the country by the end of 2026, with the initial rollout starting later this year. McDonald's shares were little changed. Trump Media and Technology Group – Shares of former President Donald Trump's social media company rose 35% after it began trading on the Nasdaq. Trump Media has completed its merger with the shell company Digital World Acquisition Corp. on monday. McCormick – Stock jumped 10% after the spice maker beat earnings and revenue expectations for its fiscal first quarter. McCormick's adjusted earnings per share were 63 cents, compared with the consensus estimate of 58 cents, according to FactSet. Revenues amounted to $1.6 billion, compared to the expected $1.55 billion. Reddit – Shares of Reddit rose about 15% as investors continued to buy the social media stock after its debut Thursday on the New York Stock Exchange. The stock rose 30% on Monday. Viking Therapeutics – The biotech stock rose more than 21% after the company announced that its experimental weight-loss drug showed promising results in a small trial. Viking Therapeutics said the pill will move to the next stage of development this year. Seagate Technology – The data storage stock added nearly 10% in the wake of Morgan Stanley's upgrade to overweight from equal weight. Morgan Stanley said the company has better earnings power from generative AI and other engines. Micron Technology – The memory chip maker added 2% after Mizuho Securities reiterated a buy rating and raised its price target on the stock. The company pointed to a strong AI opportunity that could contribute to increased sales in late 2024 and 2025. UPS – Shares of the delivery stock fell more than 6% as Wall Street digested the long-term forecast update. UPS said it expects revenue to reach $114 billion in 2026 after contracting last year, but Wall Street analysts have raised questions about the pricing used in the forecast. Canada Goose – The luxury coat and jacket maker's stock fell 3.4% after announcing its plans to cut 17% of its global corporate workforce as it looks to cut costs and consumers cut back on discretionary spending. Super Micro Computer – The stock rose 2.3%, accumulating its gains since Monday when JPMorgan began coverage on the stock with an overweight rating. The company has named the server and storage solutions provider as a leader in the growing AI computing market which it said is “still in its infancy”. – CNBC's Alex Haring, Michelle Fox, Jesse Pound and Pia Singh contributed reporting.
