Stocks making the biggest moves premarket: Krispy Kreme, UPS, Micron Technology and more
Don’t miss the companies making waves in early-market trading.
— The company’s stock skyrocketed almost 14% in premarket following the announcement of their donuts being available in McDonald’s outlets across the nation by end-2026, launching later this year. Testing began in selected McDonald’s in 2022, and this expanded collaboration can potentially double Krispy Kreme’s existing distribution. However, McDonald’s
shares dipped over 1%.
— The firm dealing with data storage saw a 4.1% increase, influenced by an upgrade from Morgan Stanley to overweight from equal weight. Improved earning capacity due to generative artificial intelligence among other factors was cited by Morgan Stanley.
— The spice giant’s shares increased around 4% after exceeding earnings and revenue projections. Q1 adjusted earnings per share were 63 cents, exceeding the 58 cents expectations from FactSet analysts. Revenue was $1.6 billion, higher than the predicted $1.55 billion.
— The courier company’s shares ascended 3% post the release of long-term projections. For 2026 the company expects consolidated revenue between $108 billion and $114 million. In 2023, UPS reported a consolidated revenue reduction to $91 billion.
— Shares grew 3.1%, building on the increase from Monday when JPMorgan initiated the stock coverage with an overweight rating. Super Micro Computer, a provider of server and storage solutions, was highlighted as an AI compute market leader “still in its infancy.”
— The semiconductor firm’s shares climbed 1.5% after Mizuho Securities affirmed its buy rating and raised its price target on the stock, positing that a robust AI chance could result in sales surpassing expectations by late 2024 into 2025.
— JPMorgan’s reiteration of its overweight rating on the semiconductor stock gave its shares a 1% lift. The firm highlighted that all AI paths lead to Taiwan Semiconductor.
