Take a look at the companies making headlines in midday trading. TRUMP MEDIA & TECH – Shares of the parent company of Truth Social, majority-owned by former President Donald Trump, rose 12% on Election Day. The stock is seen as an indicator of betting on the former Republican candidate’s chances of winning the White House race. Shares of Nvidia — the de facto market leader and AI 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 Burger King parent company reported adjusted earnings of 93 cents per share, below the 95 cents per share expected by analysts polled by LSEG, sending shares down more than 2%. The company reported revenue of $2.29 billion, also missing expectations of $2.31 billion. CLEVELAND CLEVELS — 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 earnings of 90 cents a share on revenue of $1.69 billion were below 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 its revenue forecast for the quarter fell short of analysts’ expectations. 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 topped Wall Street expectations, sending its shares up more than 6%. DuPont reported adjusted earnings of $1.18 per share, compared with $1.03 forecast by analysts polled by LSEG. Crypto Stocks – Stocks linked 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 reported fourth-quarter earnings and revenue that topped expectations. Diamondback Energy — The energy company’s third-quarter adjusted earnings per share were $3.38, missing the $3.98 forecast by analysts surveyed 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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