Take a look at the companies making headlines in midday trading. Nvidia – Shares of Nvidia rose more than 4%, reversing losses earlier in the week that sent the stock briefly into correction territory. Its shares have surged more than 175% since the start of 2024. General Mills said adjusted earnings per share should fall back 3% to 1%, despite the previous range of a loss of 1% to a gain of 1%. Jabil — Electronic components stocks soared 9.5% after earnings and guidance topped Wall Street expectations. Jabil reported first-quarter core earnings of $2 per share on revenue of $6.99 billion, while analysts polled by FactSet expected core earnings of just $1.88 per share on revenue of $6.61 billion. Heico — Aerospace stocks fell 10% as revenue missed expectations. Heico’s revenue was $1.01 billion, slightly below analysts’ consensus forecast of $1.03 billion, according to FactSet. Ollie’s Bargain Outlet — The retail stock rose 2.4% and hit a new 52-week high after Citi upgraded the stock to buy from sell. The bank calls Ollie’s the “clearance king” and believes the company is well-positioned to win in an uncertain retail environment. Xometry – Shares of Xometry rose more than 7% after JPMorgan upgraded the artificial intelligence-driven industrials market to “overweight” from “neutral.” The investment bank said it was one of the “best long-term growth stories in our coverage” over the next three to five years. Netgear – Shares of Netgear jumped 11.8% after the Wall Street Journal reported that the U.S. is considering banning Chinese-made routers. California-based Netgear could benefit because it also makes routers. Birkenstock — The footwear maker’s shares rose 4.5% as its fiscal fourth-quarter profit and revenue beat expectations. Adjusted EBITDA also exceeded expectations. Rivian – The electric vehicle stock fell 4% after Baird downgraded its rating on the electric vehicle stock to neutral from outperform. While the company remains optimistic about Rivian’s long-term prospects, there are “few catalysts in 2025” and future EV sales will be “sluggish.” Box — Content Solutions shares rose 1.9% after DA Davidson launched an acquisition. The company said it is in the early stages of “aggressive growth” following recent platform expansions. Disney — Shares of the entertainment giant rose about 2% after Morgan Stanley named Disney stock its top pick for 2025. Media profits. Academy Sports — Shares of the sporting goods retailer rose 3.9% after Citigroup initiated a buy rating. Citi said the company has a compelling growth runway. Expedia — Shares of the online travel booking platform rose 2% after Bank of America upgraded its rating to buy from neutral. The bank calls Expedia the top value Internet-related stock. DoubleVerify — Shares of DoubleVerify rose 3% after Raymond James announced outperformance. The company calls DoubleVerify the market leader. Rocket Pharmaceuticals — The biotech stock rose 5% after Jefferies issued a buy rating on Rocket Pharmaceuticals, saying the company has a promising pipeline of gene therapies for rare diseases. In particular, analyst Andrew Tsai expects clinical trials of RP-A501 (AAV9), a drug to treat Danon disease, to be successful and serve as a positive catalyst for the stock. —CNBC’s Samantha Subin, Yun Li, Lisa Han, Sean Conlon, Michelle Fox and Sarah Min contributed reporting
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