Check out the companies that are trending in intraday trading. U.S. Steel — The stock fell 8.6% Tuesday, a day after President-elect Donald Trump said he would block Japan’s Nippon Steel from acquiring the Pittsburgh Steel Company. The deal was first agreed at the end of 2023, but has since faced opposition from politicians and workers. AT&T — Telecommunications stock rose more than 4% after the company forecast free cash flow of more than $18 billion in 2027. AT&T also set out a three-year strategy that includes plans to double its fiber internet availability and strengthen its 5G network. . Upstart Holdings — The artificial intelligence-powered lending market rose nearly 4% on the back of Redburn Atlantic Corp.’s upgrade. Redburn said the worst is behind the company and “the best is yet to come.” Credo Technology Group — maker of cables used in AI data centers soars 41% after reporting strong fiscal second-quarter profits and raising revenue guidance for the current quarter I did. Credo earned an adjusted profit of 7 cents per share on revenue of $72 million in the just-ended quarter, compared to the expectations of analysts surveyed by LSEG of 5 cents and $67 million, respectively. did. Zscaler — The cloud security company released inline guidance for second-quarter revenue, which disappointed investors and sent its stock price down more than 3.5%. Zscaler beat analysts’ adjusted earnings and revenue expectations in its fiscal first quarter. PSQ Holdings — Shares rose 89% after Bloomberg News reported, citing people familiar with the matter, that Donald Trump Jr. could join PSQ Holdings’ board as soon as Tuesday. Cleanspark — Bitcoin miner fell 4.3% after fiscal 2024 revenue fell short of expectations. Revenue of $379 million was below the $395 million consensus estimate of analysts surveyed by FactSet. Tesla — The electric car maker fell nearly 2% after a Delaware judge blocked reinstatement of CEO Elon Musk’s $56 billion pay package. Tesla said it plans to appeal the ruling. Korean stocks — U.S.-listed Korean stocks fell after South Korea’s president declared martial law. But they mitigated some of that loss after Congress passed the declaration. The iShares MSCI Korea ETF (EWY) fell 2.5% and the Franklin FTSE Korea ETF (FLKR) fell 1.9%. FedEx — The Memphis-based package delivery company fell 3.3% after its market performance was downgraded from outperform at Bernstein. The investment bank cited uncertainty over whether the potential spin-off of the less-than-truckload business would meet high expectations. Ollie’s Bargain Outlet Holdings — The discount retailer fell 2.7% following Wells Fargo’s downgrade from overweight to equal weight. “The best time to own OLLI may have passed,” the bank said. “Management has solidified its foundations with cyclical tailwinds, but the path forward appears to be more difficult than credited, and big-picture questions remain.” — CNBC’s Jesse Pound and Sarah Ming, Ha-Kyung Kim, Pia Shin and Michelle Fox contributed reporting.
