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Companies like Krispy Kreme, UPS, and Micron Technology

Byeditor

Mar 26, 2024

Several companies are creating buzz in premarket trading. Krispy Kreme is making headlines with shares surging nearly 14% after announcing plans to sell their donuts in McDonald’s restaurants nationwide by the end of 2026. The rollout is set to begin in the second half of this year, following successful testing at some McDonald’s locations in 2022. This partnership expansion will double Krispy Kreme’s current distribution, while McDonald’s shares fell over 1%.

Seagate Technology saw a 4.1% increase after a Morgan Stanley upgrade to overweight from equal weight, citing improved earnings power due to generative artificial intelligence and other factors. McCormick also reported a nearly 4% increase in shares after beating earnings and revenue expectations for the fiscal first quarter.

United Parcel Service (UPS) stocks rose by 3% following the release of long-term forecasts, projecting between $108 billion and $114 million in consolidated revenue by 2026. Super Micro Computer and Micron Technology also experienced share price increases after positive ratings and outlooks from analysts.

Taiwan Semiconductor saw a 1% boost in shares after JPMorgan reiterated its overweight rating on the semiconductor stock, noting its strong position in the artificial intelligence market. These companies are capturing attention and driving market activity in the premarket trading session.

By editor

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