A look at the companies making headlines in midday trading: Meta – Shares fell 1.7% after the European Union launched an investigation into the company over child safety issues on social media sites Facebook and Instagram. Deere — Deere shares fell 3.3% after the farm equipment maker cut its full-year guidance. The company said it now expects net income to be about $7 billion, compared with a range of $7 billion to $7.5 billion. Walmart – Shares rose about 7% after the company reported adjusted first-quarter profit of 60 cents. per share, topping the 52 cents expected by analysts polled by LSEG. Revenue was $161.5 billion, beating the consensus estimate of $159.5 billion. Walmart said it made greater strides in e-commerce and attracted more high-income shoppers. Chubb — Shares of the insurance company rose 4.7% after Warren Buffett’s Berkshire Hathaway reported that Chubb shares were confidential shares that the conglomerate had been buying for two straight quarters. Berkshire bought nearly 26 million shares for about $6.7 billion, making it the second-largest holder of Chubb shares, according to regulatory filings. GameStop, AMC – Meme stocks fell for a second day after a speculative rally earlier in the week. Shares of GameStop and AMC fell 30% and 15.3%, respectively, on Thursday. While the meteoric rally earlier this week caught Wall Street’s attention, retail interest in these meme names paled in comparison to the epic mania three years ago. However, shares of GameStop and AMC are still up more than 60% each for the week. Canada Goose — Shares of the luxury apparel maker rose 15.9% on stronger-than-expected fiscal fourth-quarter earnings and revenue. Canada Goose said closely watched margins will improve by about 100 basis points in fiscal 2025 compared with the previous year. Coupang — Shares of the South Korean e-commerce company rose 1.5% after UBS upgraded its rating on the stock to neutral. The firm noted Coupang’s “expanding portfolio and strong logistics network.” Corebridge Financial – Shares rose more than 7% after insurer AIG announced it would sell its 20% stake in Corebridge to Nippon Life in a deal valued at $3.8 billion. GoodRx — Shares of the health care company jumped 10.9% as Raymond James upgraded its shares to outperform the market. After GoodRx’s first investor day on Wednesday, Raymond James said he was “incrementally positive” on the stock given accelerating revenue growth and improving profitability. — CNBC’s Samantha Subin, Alex Harring, Yoon Lee and Pia Singh contributed reporting.
