PLTR, SMMT, JBLU, etc. | Wilnesh News

Here’s a look at the companies making headlines in midday trading: Palantir Technologies, Dell Technologies — Palantir and Dell announced after the bell on Friday that the companies’ shares will be added to the S&P 500 before the market opens on January 1, 2019 Later, the stock price rose by 13% and nearly 5% respectively. Summit Therapeutics — Shares of Summit Therapeutics soared about 65% after the biotech announced its lung cancer candidate outperformed Merck & Co.’s Keytruda in a Phase 3 clinical trial. Merck shares fell 1.5% after the news broke. JetBlue Airways — Shares of the airline rose 8% after Bank of America analyst Andrew Didora upgraded the airline to neutral from underperform. JetBlue’s “self-help initiatives,” such as revenue improvement strategies, are starting to show early signs of impact, Didora said. The analyst doubled the price target to $6, representing a 13% upside from Friday’s closing price. JetBlue raised its third-quarter revenue forecast last week. Boeing Co. — Shares of the airplane maker rose nearly 4% after the company reached an agreement with a factory workers union, potentially averting a costly strike. MarineMax — shares rose 4% after Citi upgraded the stock to buy from neutral. The company said boat dealers should benefit from the Federal Reserve’s interest rate cuts. Arm Holdings – The stock rose 5% after the Financial Times reported that Apple will use Arm’s next-generation chip designs in the iPhone 16, which is set to debut on Monday, citing people familiar with the matter. United States Steel — Shares rose 3% after JPMorgan upgraded the stock to overweight from neutral. The company believes the recent pullback provides a buying opportunity and expects the stock price could fall further if the company’s planned sale to Nippon Steel fails. Marijuana Stocks – Marijuana stocks are trading higher after former President Trump said in a “Truth Society” post that he would support the legalization of adult-use marijuana in Florida. Shares of Tilray Brands rose 6%, the AdvisorShares Pure US Cannabis ETF (MSOS) gained more than 9%, and the Amplify Alternative Harvest ETF (MJ) gained more than 6%. —CNBC’s Alex Harring, Hakyung Kim, Yun Li, Jesse Pound and Michelle Fox contributed reporting.

The sign outside the Palantir Technologies exhibition hall on the eve of the World Economic Forum in Davos, Switzerland, on January 15, 2024.

Stefan Warmus | Bloomberg | Getty Images

Take a look at the companies making headlines in midday trading:

Palantir Technology, Dell Technologies — Palantir and Dell rose 13% and nearly 5%, respectively, after announcing after the bell on Friday that the stocks would join the S&P 500. before opening September 23rd.

summit therapy inc. — Biotech stocks soared about 65% after the company went public declare Its lung cancer drug candidate outperformed Merck & Co.’s Keytruda in a Phase 3 clinical trial. Merck Shares fell 1.5% after the news broke.

JetBlue Airways — Shares of the airline rose 8% after Bank of America analyst Andrew Didora upgraded the company to neutral from underperform. JetBlue’s “self-help initiatives,” such as revenue improvement strategies, are starting to show early signs of impact, Didora said. The analyst doubled the price target to $6, representing a 13% upside from Friday’s closing price. JetBlue raised its third-quarter revenue forecast last week.

boeing company — Shares of the aircraft maker rose nearly 4% after it struck a deal with a factory workers union that could avert a costly strike.

Ocean Max — Shares rose 4% after Citi upgraded the stock to buy from neutral. The company said boat dealers should benefit from the Federal Reserve’s interest rate cuts.

Arm Holdings — The stock rose 5% after being interviewed by the Financial Times, citing people familiar with the matter. report Apple will use Arm’s next-generation chip design in the iPhone 16, which will debut on Monday.

United States Steel Corporation — JPMorgan upgraded the stock to overweight from neutral, sending the stock up 3%. The company believes the recent pullback provides a buying opportunity and expects the stock price could fall further if the company’s planned sale to Nippon Steel fails.

Marijuana Stocks – Marijuana stocks higher after former President Donald Trump said on Truth Social show postal He will support legalizing adult-use marijuana in Florida. shares tiray brand rose 6%, while AdvisorShares Pure U.S. Cannabis ETF (MSOS) An increase of more than 9%, Amplify Alternative Harvest ETF (MJ) An increase of more than 6%.