Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.
Andrew Caballero-Reynolds | AFP | Getty Images
Check out the companies making headlines in midday trading.
Tesla — Stock in the electric vehicle company added 1.5% in midday trading Friday. Canaccord Genuity reiterated its buy rating for the EV stock Thursday, ahead of vehicle delivery data. Barclays forecast a missed delivery target last week. Last week, Barclays forecast a delivery target miss.
Anheuser-Busch InBev — U.S.-listed shares of the beer stock climbed 3.2% following an upgrade to buy from neutral, with the firm highlighting an inflection point for margins and a more innovative portfolio strategy.
Carnival — Shares of the cruise operator slid 4.9% in midday trading. Carnival predicted a loss between 10 cents and 18 cents for the fiscal fourth-quarter, while analysts polled at LSEG (formerly Refinitiv) expected a 10 cents loss per share. Separately Carnival reported adjusted earnings of 86c per share with revenue of $6.85billion for the fiscal third-quarter, beating estimates of 75c per share and $6.69billion in revenue. The shares of Norwegian Cruise Line, , also fell 3%. That’s about a 137% premium to Blue Apron’s closing price of $5.49 per share on Thursday.Nvidia
— Shares of the chipmaker ticked up 1%. Citi said in a note on Friday that the Blackwell B100 GPU, the next iteration from the company, would be a major stock catalyst heading into 2024 and drive sales and margins. The firm reiterated a buy rating on Nvidia stock.Nike
— Shares of the sneaker giant jumped 6.6% after a mixed fiscal first-quarter report. The company reported earnings late Thursday of 94 cents a share and revenue of $12.94 billion, while analysts polled at LSEG expected 75 cents a share and revenue $12.98 million. Nike also reiterated midsingle-digit full-year revenue growth guidance.Walgreens
— Shares of the pharmacy giant jumped more than 6%. Bloomberg, citing sources familiar with the situation, reported that Walgreens was considering Tim Wentworth as its new CEO. Wentworth is a former Cigna executive. Roz Brewer stepped down from her post as Walgreens CEO as of the end of August.Bumble
— The online dating platform added 3% after Loop Capital Markets upgraded the stock to buy from hold. The firm said the stock is “de-risked” while Bumble’s strong cash balance and free cash flow generation will help protect its balance sheet.Brinker International
— The Chili’s parent advanced nearly 2% following a Stifel upgrade to buy from hold. The firm said Brinker’s strategic playbook appears similar to those of other chains that have experienced successful turnarounds.Corcept Therapeutics
— Shares slumped 17% in midday trading as the firm contends with ongoing litigation against Teva Pharmaceuticals. The conflict centers on Corcept’s Cushing syndrome drug Korlym, and Teva has sought to cancel Corcept’s patent over the treatment.Texas Roadhouse
— Stock in the restaurant chain gained roughly 1% on the heels of an upgrade to buy from Northcoast Research, with the firm highlighting a steady flow of customer traffic to stores.— CNBC’s Pia Singh, Alex Harring, Michelle Fox, Hakyung Kim and Darla Mercado contributed reporting.