Here’s a look at the companies making headlines in midday trading: Trump Media & Technology — Shares of the parent company of Truth Social, majority-owned by former President Donald Trump, It was up 12% on Election Day. The stock is seen as an indicator of bets on the former Republican candidate’s chances of winning the White House race. Shares of Nvidia — the de facto market leader and artificial intelligence darling — rose nearly 3%. Nvidia will be added to the Dow Jones Industrial Average on Friday. Archer-Daniels-Midland — The food processor’s fiscal third-quarter and full-year profit outlook fell short of analysts’ expectations, sending its shares down 8%. ADM forecast third-quarter earnings of $1.09, below analysts’ weakest estimates, and full-year adjusted earnings of $4.50 to $5 a share, compared with $5.21 forecast by analysts polled by FactSet. ADM amended its 2023 10-K and postponed Wednesday’s scheduled webcast, according to FactSet. Hims & Hers — The telemedicine company reported better-than-expected third-quarter results, with profit and revenue beating analysts’ estimates and sending its shares up 7%. Hims & Hers also forecast upbeat full-year and current-quarter revenue guidance. Restaurant Brands International — The parent company of Burger King reported adjusted earnings of 93 cents per share, below the 95 cents per share expected by analysts polled by LSEG, sending its shares down more than 2%. The company reported revenue of $2.29 billion, also missing estimates of $2.31 billion. CLEVELAND CLIFFS — The steel stock fell more than 8% after third-quarter revenue of $4.57 billion missed expectations. Analysts polled by London Stock Exchange Group (LSEG) expected revenue of $4.77 billion. Wynn Resorts — Shares of Wynn Resorts fell 8.2% after the resort and casino company reported quarterly results that missed expectations. Analysts surveyed by London Stock Exchange Group (LSEG) said Wynn’s adjusted profit was 90 cents per share on revenue of $1.69 billion, missing Wall Street expectations for revenue and profit. 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 revenue and profit. Palantir — Shares of Palantir soared more than 22% after the data analytics software maker reported strong third-quarter earnings and issued upbeat revenue guidance. Palantir’s revenue rose 30% year over year, and the company raised its full-year forecast. Cirrus Logic — Shares of the semiconductor supplier fell 5% after forecasting revenue for the current quarter that fell short of analysts’ estimates. Cirrus forecast revenue of $480 million to $540 million, while analysts polled by LSEG expected revenue of $590 million. DuPont de Nemours — The chemicals company’s third-quarter profit beat Wall Street expectations, sending its shares up more than 6%. DuPont reported adjusted earnings of $1.18 per share, while analysts polled by LSEG forecast $1.03. Crypto Stocks – Stocks tied to the price of Bitcoin rose as the cryptocurrency briefly regained $70,000. Coinbase rose more than 4% and MicroStrategy gained 5%. Riot Platforms rose nearly 7%. Astera Labs — The semiconductor solutions designer’s quarterly results beat Wall Street expectations, sending the company’s stock soaring more than 29%. Astera Labs reported earnings of 23 cents per share, excluding one-time items, on revenue of $113.1 million. That was above analysts’ estimates of 17 cents a share and revenue of $97.5 million, according to FactSet. Astera also forecast fourth-quarter profit and revenue to beat expectations. Diamondback Energy — The energy company’s third-quarter adjusted earnings per share were $3.38, missing the $3.98 forecast by analysts polled by LSEG. The company’s shares fell 2%. Tesla — The electric car stock rose more than 4% on Tuesday. Tesla can be seen as a beneficiary of Tuesday’s presidential election results. —CNBC’s Tanaya Macheel, Samantha Subin, Alex Harring, Hakyung Kim and Sean Conlon contributed reporting.
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