Check out the companies that made headlines in midday trading: Trump Media & Technology — Shares of the Truth Social’s parent company, majority-owned by former President Donald Trump, rose 12% on Election Day. The stock is seen as a price to pay for the former Republican candidate’s chances of winning the White House race. Nvidia — Nvidia’s stock price, the de facto market leader and darling of artificial intelligence, rose nearly 3%. Nvidia is expected to be added to the Dow Jones Industrial Average on Friday. Archer Daniels Midland — The food processor fell 8% after its fiscal third quarter and full-year revenue outlook fell short of analysts’ expectations. ADM expects third-quarter earnings of $1.09, below the weakest analyst forecast, and full-year adjusted earnings per share of $4.50-$5, compared to analyst forecasts compiled by FactSet. was $5.21. ADM has revised its 2023 10-K and postponed a webcast scheduled for Wednesday, according to FactSet. Hims & Hers — Shares of the telemedicine company rose 7% after the company reported better-than-expected third-quarter results, with profits and revenue beating analysts’ expectations. Hims & Hers also expects its full-year and current quarter earnings outlook to be rosy. Restaurant Brands International — Burger King’s parent company fell more than 2% after it reported adjusted earnings of 93 cents a share, below the 95 cents a share expected by analysts surveyed by LSEG. The company’s revenue was $2.29 billion, also below expectations of $2.31 billion. Cleveland-Cliffs — Steel stocks fell more than 8% after third-quarter sales of $4.57 billion fell short of expectations. Analysts surveyed by LSEG had expected sales of $4.77 billion. Wynn Resorts — Shares of the resort and casino company fell 8.2% after reporting weaker-than-expected quarterly results. Wynn’s adjusted earnings came to 90 cents a share on revenue of $1.69 billion, missing Wall Street expectations for revenue and bottom line, according to analysts surveyed by LSEG. Lattice Semiconductor — The chip stock fell more than 3% after Lattice’s fourth-quarter outlook fell short of analysts’ expectations. The company’s third-quarter results were in line with analysts’ expectations for both sales and final profit. Palantir — The data analytics software maker posted strong third-quarter earnings and soared more than 22% after announcing an upbeat earnings outlook. Palantir’s revenue increased 30% year-over-year, and the company raised its full-year forecast. Cirrus Logic — The semiconductor supplier’s stock fell 5% after its current quarter earnings forecast fell short of analysts’ expectations. Cirrus expects sales of $480 million to $540 million, while analysts surveyed by LSEG expected sales of $590 million. DuPont de Nemours — The chemical company’s stock rose more than 6% after its third-quarter profit beat Wall Street expectations. DuPont reported adjusted earnings per share of $1.18, compared to the $1.03 expected by analysts surveyed by LSEG. Crypto Stocks — Stocks related to the price of Bitcoin rose as the cryptocurrency briefly regained $70,000. Coinbase rose more than 4% and MicroStrategy rose 5%. Riot Platforms rose nearly 7%. Astera Labs — Shares soared more than 29% after the semiconductor solutions design company reported quarterly results that beat Wall Street expectations. Astera Labs posted earnings of 23 cents per share, excluding one-time items, on revenue of $113.1 million. That beat analysts’ expectations of 17 cents a share and revenue of $97.5 million, according to FactSet. Astera also said it expects fourth-quarter profits and sales to beat expectations. Diamondback Energy — Shares fell 2% after the energy company’s third-quarter adjusted earnings per share of $3.38 fell short of the $3.98 expected by analysts surveyed by LSEG. Tesla — The electric car stock rose more than 4% on Tuesday. Tesla could be seen as a beneficiary of either outcome of Tuesday’s presidential election. —CNBC’s Tanaya Machel, Samantha Subin, Alex Harring, Ha-Kyung Kim and Sean Conlon contributed reporting.
TSLA, Coin, Win, PLTR, etc.
