Take a look at the companies making headlines in midday trading. Meta – shares fell 1.3% after the European Union launched an investigation into the company over child safety issues on social media platforms Facebook and Instagram. Deere – Deere shares fell about 3% after the farm equipment maker lowered its full-year guidance. The company said it now expects net profit to be about $7 billion, below the range of $7 billion to $7.5 billion. Walmart – The company reported adjusted first-quarter earnings of 60 cents per share, above the 52 cents expected by analysts polled by LSEG, sending its shares up nearly 6%. Revenue was $161.5 billion, beating consensus estimates of $159.5 billion. Walmart says it’s making huge strides in e-commerce and winning over more high-income shoppers. Chubb — Shares of the insurance company rose nearly 4% after Warren Buffett’s Berkshire Hathaway revealed that Chubb was the group’s confidential stock purchase for two consecutive quarters. According to a regulatory filing, Berkshire Hathaway purchased nearly 26 million shares for about $6.7 billion, becoming Chubb’s second-largest shareholder. GameStop, AMC — Meme stocks retreated for a second day following a speculative rally earlier in the week. GameStop and AMC fell 23% and 14% respectively on Thursday. While the meteoric rise earlier this week caught Wall Street’s attention, retail interest in the meme names pales in comparison to the epic frenzy of three years ago. However, GameStop and AMC are still up more than 60% each this week. Canada Goose — The luxury apparel maker’s fourth-quarter profit and revenue came in stronger than expected, sending its shares soaring 16%. Canada Goose said a closely watched profit margin will expand about 100 basis points in fiscal 2025 from the previous fiscal year. Coupang — Shares of the South Korean e-commerce company rose 2.1% after UBS upgraded the shares to buy from neutral. The company cited Coupang’s “expanding product portfolio and strong logistics network.” Corebridge Financial — Shares of AIG surged more than 14% after the insurance company announced it would sell its 20% stake in Corebridge to Nippon Life for $3.8 billion. GoodRx — Shares of the healthcare company rose 12.7% after Raymond James upgraded the stock to outperform from broad. After GoodRx’s first investor day on Wednesday, Raymond James said he was “increasingly positive” on the stock given its reaccelerating revenue and improving margins. —CNBC’s Samantha Subin, Alex Harring, Yun Li and Pia Singh contributed reporting
