Check out the companies that are trending in intraday trading. U.S. Steel — The stock fell 8% Tuesday, a day after President-elect Donald Trump said he would block Japan’s Nippon Steel from acquiring the Pittsburgh Steel Company. The deal was first agreed at the end of 2023, but has since faced opposition from politicians and workers. AT&T — Telecommunications stock rose more than 4% after the company forecast free cash flow of more than $18 billion in 2027. AT&T also set out a three-year strategy that includes plans to double its fiber internet availability and strengthen its 5G network. . Upstart Holdings — Artificial intelligence-powered lending market rose 8% on the back of Redburn Atlantic Corp.’s upgrade. Redburn said the worst is behind the company and “the best is yet to come.” Credo Technology Group — The maker of cables used in AI data centers reported strong fiscal second-quarter profits and increased revenue by more than 47% after announcing an increased sales outlook for the current quarter. It skyrocketed. Credo earned an adjusted profit of 7 cents per share on revenue of $72 million in the just-ended quarter, compared with the expectations of analysts surveyed by LSEG of 5 cents and $67 million, respectively. did. Zscaler — The cloud security company released inline guidance for second-quarter revenue, which disappointed investors and sent its stock price down 4.7%. Zscaler beat analysts’ adjusted earnings and revenue expectations in its fiscal first quarter. PSQ Holdings — Shares soared more than 270% after the company announced that Donald Trump Jr. was joining its board of directors. The appointment is effective immediately. Cleanspark — Bitcoin miner fell nearly 4% after fiscal year 2024 revenue fell short of expectations. Revenue of $379 million was below the $395 million consensus estimate of analysts surveyed by FactSet. Tesla — The electric car maker fell 1.6% after a Delaware judge blocked reinstatement of CEO Elon Musk’s $56 billion pay package. Tesla said it plans to appeal the ruling. Korean stocks — U.S.-listed Korean stocks fell after South Korea’s president declared martial law. But some of the losses were mitigated by Congress passing the declaration and the president’s subsequent announcement that the declaration would be lifted. The iShares MSCI Korea ETF (EWY) fell 1.6% and the Franklin FTSE Korea ETF (FLKR) fell 1%. FedEx — The Memphis-based package delivery company fell 4.7% after its market performance was downgraded from outperform at Bernstein. The investment bank cited uncertainty over whether the potential spin-off of the less-than-truckload business would meet high expectations. Ollie’s Bargain Outlet Holdings — The discount retailer fell 2.6% following Wells Fargo’s downgrade from overweight to equal weight. “The best time to hold OLLI may have passed,” the bank said. “Management has solidified its foundations with cyclical tailwinds, but the path forward looks more difficult than credited, and big-picture questions remain.” — CNBC’s Jesse Pound, Sarah Min, Ha-Kyung -Kim, Pia Singh and Michelle Fox contributed reporting.
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