Check out the companies making headlines in midday trading. Victoria's Secret – The intimate apparel retailer fell 36% and was headed for its worst day ever after posting mixed fourth-quarter results and disappointing guidance. Victoria's Secret said it expects a larger-than-expected decline in revenue for the first quarter and the full year. Novo Nordisk – Shares rose nearly 10% to hit a high after the company reported positive results from a phase 1 trial of its experimental new weight-loss drug Amicretin. American Eagle Outfitters – Shares jumped 2% after American Eagle Outfitters posted wins on the top and bottom lines. The company reported adjusted earnings of 61 cents per share on revenue of $1.68 billion for its fiscal fourth quarter. Analysts estimated earnings of 50 cents per share on revenue of $1.67 billion, according to LSEG. Shake Shack – Shares rose more than 4% after TD Cowen upgraded its stock to outperform the market. TD Coin cited Shake Shack's promising “margin expansion strategy.” Kroger – Shares jumped 8.7% after the department store chain reported better-than-expected fourth-quarter earnings. Kroger reported adjusted earnings of $1.34 per share. Analysts surveyed by LSEG expected earnings of $1.13 per share. Revenues of $37.06 billion came in slightly below expectations. Burlington Stores – Stock rose 5% after Burlington posted a fourth-quarter win on adjusted earnings per share and revenue. The high end of the company's full-year earnings guidance beat analyst estimates, as did its revenue growth forecast. Avangrid – Shares of the sustainable energy company rose 12.5% after Spanish utility Iberdrola made an offer to acquire Avangrid at $34.25 per share and take it private. Iberdrola already owns approximately 81.6% of Avangrid's issued and outstanding shares. New York Community Bancorp – Shares of regional banks added 6.5% after announcing a capital infusion of more than $1 billion by Liberty Strategic Capital. Meanwhile, the bank's deposits fell 7% month-on-month to $77.2 billion as of March 5. Semiconductor – Chip stocks were broadly higher as a group, with the VanEck Semiconductor ETF (SMH) up 3.3%. Nvidia shares rose more than 3% after Mizuho said the stock could reach $1,000. Shares of Micron Technology advanced more than 3% after Stifel upgraded the stock to buy from hold and raised its price target. Intel shares jumped 3.9% after a report from Bloomberg, citing congressional aides, that the US government is ready to invest $3.5 billion in the company so it can manufacture advanced chips for the military. CNBC's Samantha Sobin contributed reporting
