Tesla CEO Elon Musk arrives for a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., on Sept. 13, 2023.<\/p>\n
Andrew Caballero-Reynolds | AFP | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Check out the companies making headlines in midday trading.<\/em><\/p>\n Tesla<\/a><\/span><\/span><\/span> \u2014 Stock in the electric vehicle company added more than 2% in midday trading Friday. Canaccord Genuity reiterated a buy rating<\/a> on the EV stock on Thursday ahead of vehicle deliveries data. Elsewhere, Citi remained neutral on Tesla and reduced its vehicle delivery forecast to 450,000 from 468,500. Last week, Barclays forecast a delivery target miss<\/a>.<\/p>\n Anheuser-Busch InBev<\/a><\/span><\/span><\/span> \u2014 U.S.-listed shares of the beer stock climbed 3.6% following an upgrade to buy from neutral<\/a>, with the firm highlighting an inflection point for margins and a more innovative portfolio strategy.<\/p>\n Carnival<\/a><\/span><\/span><\/span> \u2014 Shares of the cruise operator slid 7% in midday trading. Carnival forecast a loss of 10 cents to 18 cents per share for the fiscal fourth quarter, while analysts polled by LSEG, formerly known as Refinitiv, anticipated a loss of 10 cents per share. Separately, Carnival posted adjusted earnings of 86 cents per share on revenue of $6.85 billion for the fiscal third quarter, beating earnings estimates of 75 cents per share and $6.69 billion in revenue. Competitor Norwegian Cruise Line<\/a><\/span><\/span><\/span> also slipped 3%.<\/p>\n Blue Apron<\/a><\/span><\/span><\/span> \u2014 Shares surged nearly 134% after the meal kit company announced<\/a> it reached an agreement to be bought by Wonder Group for $13 per share. That’s about a 137% premium to Blue Apron’s closing price of $5.49 per share on Thursday.<\/p>\n Nvidia<\/a><\/span><\/span><\/span> \u2014 Shares of the chipmaker ticked up 1.5%. Citi wrote in a Friday note that the company’s forthcoming iteration of its Blackwell B100 GPU would serve as a “major stock catalyst” heading into the first half of 2024, and also drive margins and sales. The firm reiterated a buy rating on Nvidia stock.<\/p>\n Nike<\/a><\/span><\/span><\/span> \u2014 Shares of the sneaker giant jumped 6.3% after a mixed fiscal first-quarter report. Late Thursday, the company reported earnings of 94 cents per share and $12.94 billion in revenue, while analysts polled by LSEG forecast 75 cents per share and $12.98 million in revenue. Nike also reiterated midsingle-digit full-year revenue growth guidance.<\/p>\n Walgreens<\/a><\/span><\/span><\/span> \u2014 Shares of the pharmacy giant jumped more than 6%. Bloomberg, citing people familiar with the matter, reported Walgreens is weighing Tim Wentworth<\/a>, a former Cigna executive, as its next CEO. Roz Brewer stepped down<\/a> from her post as Walgreens CEO as of the end of August<\/a>.<\/p>\n Bumble<\/a><\/span><\/span><\/span> \u2014 The online dating platform added 3.6% after Loop Capital Markets upgraded the stock to buy from hold. The firm said the stock is “de-risked” while Bumble’s strong cash balance and free cash flow generation will help protect its balance sheet.<\/p>\n Brinker International<\/a><\/span><\/span><\/span> \u2014 The Chili’s parent advanced nearly 4% following a Stifel upgrade to buy from hold<\/a>. The firm said Brinker’s strategic playbook appears similar to those of other chains that have experienced successful turnarounds.<\/p>\n Corcept Therapeutics<\/a><\/span><\/span><\/span> \u2014 Shares slumped 18% in midday trading as the firm contends with ongoing litigation against Teva Pharmaceuticals. The conflict centers on Corcept’s Cushing syndrome drug Korlym, and Teva has sought to cancel<\/a> Corcept’s patent over the treatment.<\/p>\n