Check out the companies that are trending in intraday trading. Spirit AeroSystems — Shares rose more than 12% after reports that Boeing is in talks with Spirit to reacquire the aircraft supplier nearly 20 years after it was spun off as a separate company. Hewlett Packard Enterprise — The technology stock rose nearly 2% after LSEG (formerly Refinitiv) said its first-quarter profit beat analysts’ expectations at 3 cents per share. However, Hewlett-Packard gave a weak outlook for the quarter, posting revenue of $6.76 billion, below Wall Street expectations of $7.11 billion. Daimler Trucks — Shares in the commercial vehicle maker soared more than 18% after the company reported record full-year profits and approved a 2 billion euro ($2.16 billion) share buyback. NEW YORK COMMUNITY BANCORP — Shares plunged nearly 24% after the Long Island-based financial company disclosed concerns about “internal controls” and announced a new CEO after the market closed Thursday. Root — The insurance stock rose nearly 18% to a 52-week high after being upgraded to buy from neutral at Jefferies. The investment bank said it believes Root has significant growth opportunities and raised its price target to $40 from $30, suggesting an upside of about 25%. Zscaler — The cybersecurity stock fell more than 8% even though its quarterly profit beat Wall Street expectations. Although sales were better than expected, analysts expressed concern that forward guidance showed sales growth would slow year-on-year in the second half of the year. Dell Technologies — Shares soared more than 25% after the laptop maker reported fourth-quarter earnings that beat analysts’ expectations on strong demand for artificial intelligence servers. Dell also increased its annual dividend by 20% to $1.78 per share. Advanced Micro Devices, Marvell Technology, Micron Technology — AMD added his 4% in intraday trading as investors continue to show excitement for stocks related to implementing artificial intelligence. AMD’s valuation exceeded $300 billion on Thursday. Shares of Micron Technology and Marvell Technology rose more than 5% and 7%, respectively. METAPLATFORM — Shares of the parent company of Facebook and Instagram rose about 2% on a broader rally in tech stocks after the Nasdaq Composite Index soared to an all-time high on Friday. —CNBC’s Alex Harring, Yun Li, Michelle Fox and Samantha Subin contributed reporting.
SPR, ZS, DELL, AMD etc.
