Check out the companies that are trending in midday trading: Chip equipment stocks — The world’s chip equipment stocks rose, but the content may be more modest than previously suggested. Shares of U.S.-based companies Applied Materials and KLA Corporation each rose about 2%, while Lam Research jumped 3.2% following the Bloomberg report. Dutch equipment maker ASML rose about 2.4%. Robinhood — The brokerage ended 0.3% lower after the U.S. Securities and Exchange Commission approved the creation of a 24-hour stock exchange by startup 24 Exchange, paving the way for round-the-clock trading. Robinhood soared 66% to a record high in November as investors flocked to the company, which is seen as a big beneficiary of the incoming Trump administration’s deregulation plans. Advance Auto Parts — Shares fell 7% after credit rating agency Moody’s Ratings downgraded the auto parts company’s senior unsecured debt to Ba1, below investment grade, according to FactSet. “This downgrade reflects our expectation that very high lease-adjusted leverage, weak interest coverage, and negative free cash flow will continue over the next 12 to 18 months,” Moody’s said. Hasbro — Shares rose 2% after Elon Musk hinted he might buy the toy maker to secure the rights to Dungeons & Dragons. Retail Stocks — Major retail stocks edged higher as Black Friday shopping got into full swing across the U.S., with Target stock up 1.7% and wholesale retailer Costco up 1.1%. Meanwhile, Walmart, the country’s largest retailer, rose 0.7% to a record high. Zeta Global Holdings — Marketing software shares rose 5.5% after the company’s CEO called recent short-selling reports “false” on CNBC’s “Closing Bell” Wednesday. Stock prices have fallen more than 20% this month. Crypto Stocks — Stocks tied to the price of Bitcoin rose as the cryptocurrency approached the $100,000 milestone. MicroStrategy, which employs an aggressive Bitcoin buying strategy, fell 0.4%, giving up earlier gains. Mara Holdings, a Bitcoin miner and another buyer of the cryptocurrency, soared nearly 2%. Coinbase fell 5%. —CNBC’s Yun Lee, Jesse Pound, Ha-Kyung Kim, Sarah Min, Sean Conlon, Pia Shin and Tanaya Machel contributed reporting.
Stocks with the biggest price movements at midday: HOOD, AAP, LRCX
