Check out the companies making headlines in midday trading. Nvidia – Nvidia shares popped more than 4%, reversing earlier week-to-date losses that pushed the stock briefly into correction territory. Shares have surged more than 175% since the start of 2024. General Mills — The consumer products maker slid 2.6% after telling investors to expect a weaker outlook than previously expected. General Mills said adjusted earnings per share should pull back by between 3% and 1%, despite an earlier range of between a loss of 1% and gain of 1%. Jabil — The electronics components stock surged 9.5% after earnings and guidance surpassed Wall Street expectations. Jabil posted $2 in core earnings per share on $6.99 billion in revenue for the first quarter, while analysts surveyed by FactSet anticipated just $1.88 a share and $6.61 billion. Heico — The aerospace stock tumbled 10% on weaker-than-expected revenue. Heico reported $1.01 billion, just shy of the $1.03 billion consensus forecast from analysts, according to FactSet. Ollie’s Bargain Outlet — The retail stock added 2.4% and hit a 52-week high following a double upgrade at Citi to buy from sell. The bank called Ollie’s the “king of closeouts” and believes the company is well-positioned to win in the uncertain retail landscape. Xometry – Shares gained more than 7% after JPMorgan upgraded the artificial intelligence-powered industrial marketplace to overweight from neutral . The investment bank said it’s one of the “best secular growth stories across our coverage universe” for the next three to five years. Netgear – Shares jumped 11.8% after the Wall Street Journal reported that the U.S. is considering a ban on routers made in China. Netgear, which is based in California, can benefit given it also produces routers. Birkenstock — The shoe maker jumped 4.5% on the back of better-than-anticipated earnings and revenue for the fourth fiscal quarter. Adjusted earnings before interest, taxes, depreciation and amortization also exceeded expectations. Rivian — The electric vehicle stock shed 4% following a downgrade to neutral from outperform at Baird. While the firm remains positive on Rivian’s long-term prospects, there’s “sees few catalysts in 2025” and “sluggish” EV sales ahead. Box — The content solutions stock climbed 1.9% on the heels of an initiation at buy from DA Davidson. The firm said the company is in the early innings of a “positive inflection to growth” following recent platform expansions. Disney — The entertainment giant saw shares jumping about 2% after Morgan Stanley named the stock a top pick in 2025. The Wall Street firm said it expects “substantial” streaming profits from both Disney and Warner Bros Discovery. Academy Sports — The sporting goods retailer popped 3.9% following Citi’s initiation at a buy rating. Citi said the company has a noteworthy growth runway. Expedia — The online travel booking platform rose 2% after Bank of America’s upgrade to buy from neutral. The bank dubbed Expedia a top value stock tied to the internet. DoubleVerify — The software stock added 3% following an initiation at outperform from Raymond James. The firm called DoubleVerify a market leader. Rocket Pharmaceuticals — The biotech stock advanced 5% after Jefferies initiated coverage of Rocket Pharmaceuticals with a buy rating, saying the company has a promising pipeline of gene therapies for rare diseases. In particular, analyst Andrew Tsai expects a clinical trial for RP-A501 (AAV9) , a treatment for Danon disease, will 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
https://www.cnbc.com/2024/12/18/stocks-making-the-biggest-moves-midday-nvda-olli-birk-dis-and-more.html
