Check out the companies that are trending in intraday trading. Eli Lilly – The company’s stock fell 6.6% after the company announced that demand for its weight loss and diabetes drugs did not meet high expectations. Eli Lilly said it expects full-year 2024 sales to be about $45 billion, lower than the $45.4 billion to $46 billion it expected in October. Boeing – Shares fell 2.1% after the company’s 2024 aircraft deliveries fell by about a third from a year earlier to more than 348 aircraft, effectively widening the gap with rival Airbus. Ta. In contrast, Airbus reported 766 deliveries last year. Applied Digital – The digital infrastructure stock rose around 10% following the announcement that Macquarie has agreed to invest up to $5 billion in Applied Digital’s artificial intelligence data centres. Under the agreement, Macquarie will acquire a 15% stake in Applied Digital’s high performance computing (HPC) division. Hexi – The Chinese automaker’s suppliers soared about 10% after Goldman Sachs upgraded the stock to buy from neutral. Analyst Tina Hou said the current stock price is “attractive”, adding that the market appears to be underestimating Hesai’s operating leverage from its new product cycle. Signet Jewelers – Shares fell 21.7% as the parent company of Kay Jewelers and Zales lowered its fourth-quarter outlook. Signet said the holiday season was slow as consumers gravitated toward lower price points. KB Home – The homebuilder stock rose 4.8% after strong fourth-quarter earnings. KB Home reported earnings of $2.52 per share, beating analysts’ estimates of $2.45 compiled by LSEG. Sales of $2 billion also exceeded expectations of $1.99 billion. H&E Equipment Services – Shares soared 105.5% after United Rentals announced it would acquire the company. United will pay $92 per share in cash, valuing H&E at approximately $4.8 billion. United Rentals also rose 5.9%. Instacart – The grocery delivery company rose 4.4% after BTIG upgraded its rating on the stock to Buy, calling the company a “long-term growth category leader.” The company cited steady growth in orders as the reason for the upgrade. Celanese – The chemicals manufacturer and supplier soared 5.4% after Bank of America bought it from underperformer in an unusual double upgrade. The bank said Celanese’s valuation was favorable and demand should recover across most of its products. —CNBC’s Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han and Michelle Fox contributed reporting.
Stocks with the biggest price movements at midday: LLY, APLD, BA
