Check out the companies making headlines in the midday deal: McDonald’s – The fast food giant rose 5% after earnings announcement. Adjusted revenue was $2.83 per share, but in line with expectations, revenue of $63.9 billion fell short of the $6.444 billion LSEG consensus estimate. The company’s 0.4% store sales growth exceeded the expected 1% decline from the analysts voted by StreetAccount. Edgewell Personal Care – Stocks fell 9% after the first quarter report of Personal Product Company failed to meet expectations. Edgewell reported an adjusted earnings of 7 cents per share against revenues of $478.4 million. Analysts surveyed by FactSet had forecast revenue of $480.1 million with revenue of 12 cents per share. INCYTE – Biopharma Stock dropped 8% with weaker revenues than expected in the fourth quarter. Incyte posted adjusted earnings of $1.43 per share, with analysts voting revenues of $1.49 per share in FactSet’s expected earnings. Rockwell Automation – Shares rose 13% after the industrial automation company posted first-quarter adjusted revenue of $1.83 per share, exceeding the fact set consensus estimate of $1.58 per share. Rockwell’s $1.88 billion revenue was in line with expectations. In semiconductors, shares plummeted 8% after semiconductor manufacturers reported fourth quarter revenue and revenue errors. Semiconductors recorded an adjusted earnings of 95 cents per share of $1.72 billion, while analysts voted by FactSet found that revenues of $1.76 billion for 97 cents per share I was expecting this. Steel and Aluminum Inventory – Inventory tied to metals said it will announce 25% tariffs on steel and aluminum imports on Monday, following President Donald Trump’s remarks on Sunday. Steel producer Cleveland Cliff won 18%, while producers’ nuclear, iron dynamics and US steel rose 6%, 5% and 5% respectively. Alcoa, an aluminum company, jumped 2%. GameStop – Meme Stock jumped 10% after CEO Ryan Cohen posted a photo with Michael Saylor, co-founder and chairman of Bitcoin’s biggest corporate holder. Cohen uploaded photos on social media site X over the weekend, sparking speculation that GameStop was plotting another strategy around Crypto. MicroStrategy, which has recently been rebranded as a “strategy,” has seen its shares rise by more than 2%. SEMTECH – Stocks fell 31% after semiconductor manufacturers filed 8-K for fiscal year 2026 to warn that net sales from copper products used in active copper cables would be lower than the company’s previous estimates did. Semtech said it didn’t expect a ramp up over the year, as it attributed the mistake to a “change in the rack architecture.” BP – Shares rose 7% following weekend reporting that Elliot Management had invested in Oil Giant. Activist investors reportedly report that BP could put pressure on its oil and gas business, the report said. Shopify – E-commerce’s shares added 2% and touched on a new 52-week high following a benchmark upgrade to buy from Hold. The company said it expects good news from Shopify’s revenue report scheduled for Tuesday. Johnson Controls International – HVAC equipment manufacturer added 2% after purchasing from Neutral following an upgrade from UBS. The UBS upgrade comes after Johnson Controls announced last week that Joakim Weidemanis will take over CEO from March. Super Microcomputer – Shares surged 18% ahead of Super Micro’s second-quarter earnings release, scheduled for Tuesday’s closing bell. Super Micro profits on Monday marked the fifth positive session in a row. T-Mobile – Telecommunications stocks added 4%. T-Mobile announced on Sunday that Elon Musk’s satellite text messaging beta partnership with Starlink is open to all wireless customers. RIVIAN – The automaker’s shares rose 4% after Rivian announced that electric commercial vans would be available to all US customers. The Libian van was previously subject to an exclusive period with Amazon. HIMS & HERS HEALTH – Telehealth provider popped 5%. The move promoted its combined semaglutide, despite a backlash from the pharmaceutical industry for the Super Bowl commercial, targeting similar weight loss treatments at prices “not for profit, not for patients.” Lyft – Shares rose 7% after TechCrunch reported, citing Lyft’s executives. The ride company plans to “quickly” bring together a completely autonomous Robotaxis in Dallas in 2026. Media outlet added that more markets are expected to continue. Monday.com – Stocks skyrocketed 26% after the project management software company reported better-than-expected fourth-quarter results. Monday.com reported an adjusted earnings of $1.08 per share against revenues of $268 million. Analysts voted by FactSet predicted a revenue of 79 cents with revenue of $261.4 million. – Reported by CNBC’s Sean Conlon, Brian Evans, Michelle Fox, Alex Hurling, Hakyung Kim, Yoon Lee, Sarah Min and Jesse Pound.
Stocks that make the biggest move at noon: MCD, GME, ON
