Take a look at the companies making headlines in midday trading: Tesla — The electric car stock rose nearly 7%, continuing its gains after Donald Trump won a second term as president. The company, led by Elon Musk, saw its market value rise to $1 trillion on Friday. Shares are up more than 26% this week. Trump Media & Technology — Shares of Trump’s social media company rose 12% after he said he did not plan to sell his nearly $3 billion stake. Under 50% Off – Shares of the discount retailer fell more than 4% as the impact of Trump’s potential tariffs on Chinese imports continued to weigh on the stock. Upstart – The lending platform’s shares soared more than 46% after it posted a better-than-expected revenue forecast for the current quarter, with third-quarter revenue and earnings exceeding analysts’ expectations. Pinterest — Shares of Pinterest fell 16% after the image-sharing platform issued a lower-than-expected revenue outlook for the current quarter. Block, the parent company of Cash App, reported third-quarter revenue of $5.98 billion lower than expected, and its stock price fell more than 4.5%. Analysts expected LSEG to post revenue of $6.24 billion. Airbnb — Shares fell more than 8% after the homestay company reported mixed quarterly results. Airbnb beat revenue expectations but earnings came in slightly below expectations. DraftKings — Shares of DraftKings rose 1% despite the sportsbook reporting weaker-than-expected third-quarter earnings and a disappointing revenue outlook for the quarter. Toast – The restaurant management company expects adjusted EBITDA in the range of $90 million to $100 million for the quarter and shares rose 13%. Analysts expected LSEG’s guidance to be around $74.8 million. Arista Networks — Shares of the computer networking company fell 7% despite third-quarter results beating analysts’ expectations. Arista also announced a four-for-one stock split. Lucid Group — Shares of Lucid Group fell more than 4% despite the electric car maker reporting better-than-expected third-quarter results. The company reported an adjusted loss of 28 cents per share on revenue of $200 million. Analysts expected a loss of 30 cents per share on revenue of $198 million, according to LSEG. Still, Lucid’s net loss widened during the period, reaching $992.5 million, compared with $630.9 million a year earlier. Capri Holdings — Shares of the fashion holding company fell more than 10% after fiscal second-quarter earnings and revenue fell short of expectations. Capri reported adjusted earnings of 65 cents per share on revenue of $1.08 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of 75 cents per share on $1.18 billion. Monster Beverage – The energy drink company reported worse-than-expected third-quarter results, sending its shares down 2.1%. Monster earned 40 cents a share, excluding items, on revenue of $1.88 billion, while analysts polled by FactSet forecast earnings of 43 cents a share on revenue of $1.91 billion. Affirm Holdings – Shares of Affirm Holdings fell more than 10% even though the buy now, pay later company reported better-than-expected first-quarter revenue and profit. BioNTech — The German biotech company gained nearly 5% after Goldman Sachs upgraded its stock rating to “buy” from “neutral”, citing upside potential from new cancer treatments. Bath & Body Works — Shares of Bath & Body Works fell nearly 6% after Barclays downgraded the retailer to equal weight from overweight on concerns that sales and margins could be squeezed in 2025. —CNBC’s Hakyung Kim, Alex Harring and Sean Conlon contributed reporting.
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