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Check out the companies that are trending in intraday trading. Nvidia — Stocks are down nearly 5% of his time as Nvidia takes a breather from its winning streak. In early trading, the stock hit a new 52-week high. The company has made his 7% gain week to date and is headed for a ninth straight winning week. Marvell Technology — The semiconductor company fell more than 10% after a weak first-quarter profit and revenue outlook. Marvell Technology said it expects first-quarter adjusted earnings of 23 cents a share, below the 40 cents expected by analysts polled by Refinitiv. Carvana — The e-commerce automotive platform rose more than 5% after RBC Capital Markets upgraded the stock from Underperform to Sector Perform, citing a fair valuation. Costco — Shares fell 7% after the warehouse club reported fiscal second-quarter sales of $58.44 billion, below consensus estimates of $59.16 billion, according to LSEG. However, earnings per share exceeded expectations. Eli Lilly — The company’s stock fell 2% after the U.S. Food and Drug Administration delayed approval of its Alzheimer’s disease drug known as donanemab. An independent advisory committee is expected to review the drug further. BROADCOM — Chip stocks were under pressure, falling nearly 7% as semiconductor stocks suffered losses and gave back some of their 2024 gains. The decline came despite Goldman Sachs reiterating its buy rating on Broadcom and saying investors should buy on the dip. Textron — Textron rose 2% after Bank of America upgraded the company’s rating to “buy” citing the company’s strong earnings growth outlook. MongoDB — The database software company fell more than 6% after issuing a lighter-than-expected outlook for the first quarter and full year. Despite the disappointing guidance, MongoDB beat expectations in its latest quarter, posting adjusted earnings of 86 cents per share on revenue of $458 million. Gap — Gap rose nearly 4% following strong holiday quarter results. The company reported earnings of 49 cents a share on revenue of $4.3 billion, beating the expectations of analysts surveyed by LSEG on earnings of 23 cents a share and revenue of $4.22 billion. The company also announced that the Old Navy brand is back to growth for the first time in more than a year. New York Community Bancorp — The local bank’s stock fell 5% even after Moody’s Investors Service announced it had placed NYCB on “upgrade review.” The stock is still well above this week’s low hit on Wednesday, before NYCB announced a $1 billion capital increase. Samsara — Internet of Things stocks rose 10% after Samsara beat fourth-quarter revenue estimates and a rosy outlook for earnings. According to LSEG, Samsara’s sales were $276 million, compared to analysts’ expectations of $258 million. DocuSign — Shares rose 4.8% after the electronic signature product company beat fourth-quarter profit expectations and gave a positive outlook for the first quarter. DocuSign reported adjusted earnings of 76 cents per share on revenue of $712 million in the period. Analysts surveyed by LSEG had expected earnings of 64 cents a share on revenue of $699 million. Amyryx Pharmaceuticals — The drug’s stock plunged more than 80% after the company announced that its ALS treatment drug missed goals in late-stage trials. Amyryx Pharmaceuticals said it may withdraw the drug from the market. UBS — The Swiss bank’s U.S.-listed shares rose more than 3% after Morgan Stanley upgraded the stock from equal weight to overweight. Morgan Stanley said UBS stock could rise due to increased investment banking activity. Li Automobile — The Chinese automaker’s U.S.-listed shares fell less than 1% after Deutsche Bank named it its top priority stock. The Wall Street firm called Li Auto “the sweet spot of China’s auto electrification megatrend.” —CNBC’s Yun Lee, Jesse Pound, Pia Shin, Sara Min, Michelle Fox and Ha-Kyung Kim contributed reporting.
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