Check out the companies making headlines in the midday trading: Duolingo – Stocks have skyrocketed over 9% after Morgan Stanley launched an overweight language learning platform. The bank set a high price target for Wall Street on Duolingo stocks, calling the stock “best in class consumer internet assets.” Tesla – The electric car maker’s shares rose about 7% despite revenue and revenue being weaker than expected in the first quarter. CEO Elon Musk said in the company’s revenue call that time spent on so-called government efficiency will be “significantly” down from next month. Gildan Activewear – The shares rose 2% after Citigroup opened up aggressive catalyst monitoring for branded clothing stocks. The company said Gildan’s Honduras-based manufacturing could be a way to avoid President Donald Trump’s heavy “mutual” tariffs. Enphase Energy – Solar Technology Company’s inventory pulled back more than 14% after losing its first quarter forecast for Wall Street. CEO Badri Kothandaraman said in his revenue call that tariffs would hinder the battery business of companies that rely on procurement from China. Enphase expects tariffs to cut their total margin by around 2% this quarter. CAVA – Stocks rose 7% in noon trading. Bernstein has upgraded and outperformed its high-speed casual restaurant chain stock, and analyst Danilo Gargyulo believes the company can protect it from a recession, predicting it will be upside down by 40%. SAP – Software Stock went up more than 8% after first quarter revenue surpassed analyst estimates. SAP won 1.44 euros ($1.64) per share, while analysts surveyed by LSEG predicted 1.32 euros per share. However, revenue missed analysts’ forecasts. Intuitive Surgical – The surgical robot maker added 5% after reporting adjusted revenue of $1.81 per share for the first quarter, surpassing the $1.72 LSEG consensus estimate. Revenue was $2.25 billion, exceeding the $219 billion forecast by analysts. Capital One Financial – Credit Card Company’s stocks won 6%, following the first quarter results that exceeded expectations. Capital One notched the adjusted $4.06 per share, with analysts voted by LSEG looking for $3.71. Several Wall Street companies, including Bank of America, have raised their stock price targets following the results. Ge Vernova – Even if energy equipment manufacturers predicted a $400 million hit due to tariffs, stocks were about 5% higher after energy equipment manufacturers repeated year-round guidance. Ge Vernova expects revenues of up to $37 billion and free cash flow of $2.5 billion in 2025. BristolMyersSquibb – Bioharmaceutical Firm shares fell 3% after saying it failed to reach the threshold required for drug subsidies to reach to show statistically significant differences as supplemental drug supplements. Big Technologies – The tech giant was sharply high on Wednesday as the broader markets took a breather in response to President Donald Trump’s China rates and softer rhetoric about Federal Reserve Chairman Jerome Powell. iPhone manufacturer Apple’s inventory, along with Microsoft, has earned approximately 2%. Shares in Facebook’s parent company Meta Platforms rose 4%, similar to Nvidia. Boeing – The plane maker has lifted its shares nearly 6% after the company’s strong first quarter report. Boeing’s losses shrunk to $31 million, burning less cash than analysts estimate. The plane’s delivery has increased nearly 60% from a year ago as the company worked to stabilize production. The company is also preparing to seek approval to increase production of its bestselling 737 Max Jet to 42 more this year. – CNBC’s Yun Li, Alex Harring, Sean Conlon and Michelle Fox contributed the report. Get tickets for Pro Live Join us on the New York Stock Exchange! An uncertain market? Earn Edge with CNBC Pro Live, the first exclusive event on the historic New York Stock Exchange. Access to expert insights is paramount in today’s dynamic financial situation. As a CNBC Pro subscriber, we encourage you to take part in the first exclusive, in-person CNBC Pro live event held at the iconic NYSE on Thursday, June 12th. Join ProSCarter Worte, an interactive pro clinic led by Dan Niles and Dan Ives, along with a special edition of Pro Talks with Tom Lee. You will also get the opportunity to network with CNBC experts, talent and other pro subscribers during exciting cocktail hours on the legendary trading floor. Tickets are limited!
