Check out the companies making headlines in midday trading. Duolingo — The online language app company popped 7.5% after JPMorgan reiterated its overweight rating on the stock , saying it has an attractive risk/reward and potential upside for its first-quarter guide and 2024 outlook. Taiwan Semiconductor Manufacturing — U.S.-traded shares of the Taiwanese chipmaker dropped 3.6% after the company noted that, although it did not experience structural damage, some wafers “had to be scrapped” after the earthquake in Taiwan earlier in April. Most of the lost production will be recovered in the second quarter, according to management. The company still beat revenue and profit expectations in the first quarter and forecasted healthy growth in 2024. JetBlue Airways — Shares jumped 6.6% after JPMorgan upgraded the airline to neutral from underperform, saying it likes its turnaround potential. Bitcoin miners – Shares of bitcoin mining companies rallied ahead of the widely anticipated “halving,” which cuts miners’ main stream of revenue in half , as mandated by the Bitcoin code. Marathon Digital rose more than 6%, Riot Platforms gained nearly 5%, and Iris Energy was up 8%. CleanSpark, which is one of the only miners still up for the year, rallied 13%. Estee Lauder — Deutsche Bank added a short-term buy rating on the cosmetics giant, sending shares 4.7% higher. The firm positively views the setup into Estee Lauder’s earnings, …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. Duolingo — The online language app company popped 7.5% after JPMorgan reiterated its overweight rating on the stock , saying it has an attractive risk/reward and potential upside for its first-quarter guide and 2024 outlook. Taiwan Semiconductor Manufacturing — U.S.-traded shares of the Taiwanese chipmaker dropped 3.6% after the company noted that, although it did not experience structural damage, some wafers “had to be scrapped” after the earthquake in Taiwan earlier in April. Most of the lost production will be recovered in the second quarter, according to management. The company still beat revenue and profit expectations in the first quarter and forecasted healthy growth in 2024. JetBlue Airways — Shares jumped 6.6% after JPMorgan upgraded the airline to neutral from underperform, saying it likes its turnaround potential. Bitcoin miners – Shares of bitcoin mining companies rallied ahead of the widely anticipated “halving,” which cuts miners’ main stream of revenue in half , as mandated by the Bitcoin code. Marathon Digital rose more than 6%, Riot Platforms gained nearly 5%, and Iris Energy was up 8%. CleanSpark, which is one of the only miners still up for the year, rallied 13%. Estee Lauder — Deutsche Bank added a short-term buy rating on the cosmetics giant, sending shares 4.7% higher. The firm positively views the setup into Estee Lauder’s earnings, …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
