Check out the companies making headlines in the midday trading: Ge Vernerova – Shares rose 14% as strong electricity demand outweighed the impact of President Donald Trump’s tariffs. Ge Vernova raised full-year guidance after the strong first half, saying the tariff impact is likely to come at a low end of $300 million to $400 million. Gopro, Krispy Kreme – The Reddit-obsessed retailer found new targets on Wednesday, pushing stocks in wearable camera company GoPro and donut maker Krispy Kreme up 21% and 8% respectively. Both so-called short squeezes may be a chance to go out and play, as they have an increased level of short interest. The two stocks are heavily cited in Wallstreetbets, the online forum behind the infamous GameStop Mania in 2021. Lamb Weston – French fries grow surged 16% after reporting fourth quarter revenue and revenue beats. Lamb Weston had predicted an adjusted earnings of 87 cents per share, earnings analysts expected at 63 cents per share, $1.599 billion. The company also implemented a cost-saving program aimed at providing at least $250 million annual run-rate savings by the end of fiscal year 2028. FISERV – Stocks plummeted 15% after fintech companies lowered their annual organic revenue guidance to around 10% growth. However, Fiserv reported second quarter adjusted revenue and revenue that beat analyst estimates, according to Factset. The company also announced that it will acquire part of TD Bank’s merchant processing business in Canada. OTIS – Elevator maker stocks fell 10% after the company lowered its revenue forecast in anticipation of weak demand for new equipment. The company currently expects annual sales to range from $14.5 billion to $14.6 billion, down from its estimates of $14.6 billion to $14.8 billion. Lennox International – The manufacturer of climate control solutions has risen 9% in stock after raising expectations for full year revenue. Lennox currently forecasts earnings between $23.25 and $24.25 per share, ranging from $22.25 to $23.50 per share. Texas Instruments – Chipstock fell more than 11% after releasing third quarter forecasts that missed estimates. However, the semiconductor company reported second quarter results that beat analysts’ revenue and revenue expectations. Hilton Worldwide – Hotel stock fell 2% despite Hilton posting second-quarter revenue and revenue beats. Hilton reported an adjusted earnings of $2.20 per share against $3.14 billion in revenue, with analysts voted by LSEG expected earnings of $2.04 per share and $31 billion in revenue. The company also increased its annual revenue guidance from $7.83 to $8.00 per share, compared to a range of $7.76 to $7.94 per share. SAP – Enterprise Software Company’s US registered stock fell by more than 4%. The company recorded €90.3 billion on second quarter revenues, and the LSEG consensus estimate missed €9.08 billion. Solar stocks fell approximately 15% after issuing third-quarter earnings guidance below the estimates of Enphase Energy – Wall Street. Enphase said tariffs had an impact on gross profits. – CNBC’s Yunlee, Spencer Kinball, Alex Hurling, Lisahan and Fred Inbert contributed the report.
