Check out the companies making headlines in midday trading: Tesla — The electric vehicle stock gained nearly 7%, continuing to rally after Donald Trump won a second presidential term. The Elon Musk-led company saw its market capitalization rise to $1 trillion on Friday. Shares have gained more than 26% this week. Trump Media & Technology — Trump’s social media company advanced 12% after he said he had no plans to sell any of his nearly $3 billion in shares. Five Below – The discount retailer fell more than 4% as the fallout from Trump’s potential tariffs on Chinese imports continued to weigh on the stock. Home – The lending platform surged more than 46% after it posted a better-than-expected revenue forecast for the current quarter, on top of beating analysts’ estimates for both revenue and profit in the third quarter . Pinterest – Shares of the image-sharing platform retreated 16% after the company released a lower-than-expected revenue outlook for the current quarter. Block – Parent company Cash App fell more than 4.5% after its third-quarter revenue of $5.98 billion missed expectations. Analysts forecast revenue of $6.24 billion for LSEG. Airbnb — Shares fell more than 8% after the home-stay company posted mixed quarterly results. Airbnb managed to beat revenue estimates, but earnings came in slightly below expectations. DraftKings – Shares of the sports betting company gained 1% even after DraftKings posted weaker-than-expected third-quarter earnings and a disappointing current-quarter revenue outlook. Toast – The restaurant management company rose 13% after forecasting adjusted EBITDA between $90 million and $100 million for the current quarter. Analysts were expecting guidance of around $74.8 million, for LSEG. Arista Networks — Shares of the computer networking company fell 7% despite third-quarter results that beat analysts’ estimates. Arista also announced a four-for-one stock split. Lucid Group — Shares fell more than 4% despite the electric car maker posting better-than-expected third-quarter results. The company posted an adjusted loss per share of 28 cents on revenue of $200 million. Analysts had expected a loss of 30 cents a share on $198 million in revenue, according to LSEG. That said, Lucid’s net loss widened during the period, coming in at $992.5 million versus $630.9 million in the year-ago period. Capri Holdings – The fashion holding company sank more than 10% after missing its fiscal second-quarter revenue and earnings. Capri reported an adjusted 65 cents per share on revenue of $1.08 billion. Analysts polled by LSEG had expected 75 cents in earnings per share and $1.18 billion. Monster Beverage — The energy drink company fell 2.1% after reporting worse-than-expected third-quarter results. Monster earned 40 cents a share, excluding items, on $1.88 billion in revenue, while analysts polled by FactSet had forecast 43 cents in earnings per share and $1.91 billion in revenue. Afirmo Holdings – Shares fell more than 10% even though the buy now, paid company later reported better-than-expected first-quarter results on both the top and bottom lines. BioNTech — The German biotech company advanced nearly 5% after Goldman Sachs upgraded the stock to buy from neutral, citing upside from a new cancer treatment. Bath & Body Works — Shares retreated nearly 6% after Barclays cut the retailer to equal weight from overweight on concerns that sales and margins could be squeezed in 2025. — CNBC’s Hakyung Kim, Alex Harring and Sean Conlon contributed to the reporting.
Stocks making the biggest moves at midday: TSLA, ABNB, TOST, PINS