Check out the companies making headlines in midday trading. Spirit AeroSystems – Shares rose more than 15% after a report that Boeing was in talks with Spirit to reacquire the fuselage supplier nearly 20 years after spinning it off into a separate company. Hewlett Packard Enterprise – The technology stock rose 2.1% after fiscal first-quarter earnings of 3 cents per share beat analysts' expectations, according to LSEG, formerly known as Refinitiv. But Hewlett-Packard reported revenue of $6.76 billion, below Wall Street expectations of $7.11 billion, and gave weak guidance for the current quarter. Daimler Truck – Shares of the commercial vehicle manufacturer rose more than 18% after it reported record-high full-year profits and authorized a stock buyback worth 2 billion euros, or $2.16 billion. New York Community Bancorp – Shares fell nearly 26% after the Long Island-based bank revealed concerns about “internal controls” after the market closed Thursday and announced a new CEO. The Root – The insurance stock rose nearly 22% and hit a 52-week high after getting an upgrade to Buy from Neutral at Jefferies. The investment bank said it believes there is material growth opportunity for Root, and raised its price target to $40 from $30, implying an upside of about 25%. Zscaler – The cybersecurity stock fell more than 9% despite beating Wall Street's earnings expectations for the quarter. Billings came in ahead of expectations, but analysts cited concern that forward guidance points to a year-on-year slowdown in billing growth in the second half. Dell Technologies – Shares rose more than 31% after the laptop maker reported fourth-quarter results that beat analyst estimates amid strong demand for its AI servers. Dell also raised its annual dividend by 20% to $1.78 per share. Advanced Micro Devices, Marvell Technology, Micron Technology – AMD added more than 5% in midday trading as investors continue to point to excitement about stocks tied to AI implementation. AMD's valuation rose to more than $300 billion on Thursday. Shares of Micron Technology and Marvell Technology rose 5% and 8.3%, respectively. Meta Platforms – Shares in the parent company of Facebook and Instagram rose 2.4%, following the broader field of technology stocks as the Nasdaq Composite index rose to an all-time high on Friday. – CNBC's Alex Haring, Yun Li, Michelle Fox and Samantha Subin contributed reporting.
