Welcome to Extreme Investor Network, where we bring you the latest insights and updates on the world of finance. Today, we are taking a look at some of the top companies making headlines in midday trading.
1. Flutter Entertainment: This sports betting stock saw a rise of over 6% after announcing a share buyback program of up to $5 billion. Additionally, the company forecasts total revenue growth of about $21 billion by 2027.
2. Hewlett Packard Enterprise: The tech stock jumped more than 5% following an upgrade from Barclays to overweight from equal weight. Barclays cited rising demand for artificial intelligence servers and the potential benefits from the Juniper Networks deal, in which HPE agreed to buy Juniper Networks for about $14 billion.
3. General Motors and Ford: Both companies saw their shares slip on Morgan Stanley downgrades, attributing worsening U.S. consumer credit and increased car production capacity in China to the decline.
4. Bilibili: The U.S.-listed shares of this Chinese internet stock slid 2.6% after a significant rally on Tuesday. JPMorgan named the stock a top pick among Chinese-based digital entertainment stocks.
5. Bank of America: Shares lost nearly 1% after Warren Buffett’s Berkshire Hathaway sold another chunk of its shares in the bank, bringing its total sales to about $9 billion since mid-July.
6. KB Home: The homebuilder fell nearly 5% after reporting weaker-than-expected fiscal third-quarter earnings, with earnings per share falling short of consensus estimates.
7. Progress Software: Shares popped 13% after the software application firm posted fiscal third-quarter adjusted earnings that beat analyst expectations.
8. Cintas: Shares moved 2% higher after the workplace uniform company raised its guidance for the fiscal year 2025, expecting higher earnings and revenue.
9. Trump Media & Technology Group: Shares rose more than 7% following a post-lockup sell-off earlier in the week.
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