Here are the names making headlines in midday trading. Simply Good Foods — The maker of Atkins diet meals tumbled 19% after reported fiscal second quarter revenue and adjusted earnings before interest, taxes, depreciation and amortization, and fiscal third quarter guidance for revenue and EBITDA, fell far short of Wall Street consensus estimates, according to FactSet data. Brown-Forman — The maker of Jack Daniel's whiskey surged 12% after The Wall Street Journal reported that Sazerac approached the spirits company for a potential deal. The report comes two weeks after Brown-Forman confirmed it was in talks with Pernod Ricard about a merger of equals. GitLab — The digital workshop for building software slid nearly 7%. GitLab was cut to neutral from buy at Guggenheim, which highlighted AI risk, a lack of near-term catalysts, and slower net revenue retention, according to FactSet. Software stocks — Software stocks suffered declines for a second day on the heels of Anthropic's rollout of Claude Managed Agents, a platform for deploying AI agents. The iShares Expanded Tech-Software Sector ETF (IGV) dropped nearly 4%. Cloudflare tumbled 11%, while Okta shed more than 7%. CrowdStrike fell 5%. Marvell Technology — The semiconductor maker jumped 5% and reached a 52-week high after Barclays upgraded Marvell to overweight from equal weight. The bank also raised its price target on the stock to $150 from $105, suggesting gains of 31% from Wednesday's close. Meta Platforms — The tech giant saw shares rising 4% after its first major new AI model in over a year landed this week. Meanwhile Meta has committed to spending an additional $21 billion on AI cloud infrastructure from CoreWeave, which comes on top of a prior arrangement of $14.2 billion. Amazon — Shares jumped 5% after the e-commerce giant announced its pharmacy division will distribute Eli Lilly's oral GLP-1 pill Foundayo via its same-day delivery service in more than 3,000 cities. Amazon said it expects that total to grow to 4,500 cities by the end of 2026 CoreWeave — The AI cloud computing stock gained more than 4% after CoreWeave announced a $21 billion expanded infrastructure deal with Meta Platforms. "The dedicated capacity will be deployed across multiple locations and will include some of the initial deployments of the NVIDIA Vera Rubin platform. This distributed approach is designed to optimize performance, resilience, and scalability for Meta's AI operations," CoreWeave said in a release . Constellation Brands — The Modelo and Corona maker rebounded from earlier losses, up more than 6% on the day. Constellation reported fourth-quarter earnings of $1.90 per share on net sales of $1.92 billion, topping the LSEG consensus call of $1.72 per share in earnings and $1.88 billion in revenue. The company did pull its 2028 guidance due to uncertainty and reported "subdued" demand, however. Texas Instruments — Shares climbed nearly 3% after Stifel upgraded the chipmaker to buy from hold. The investment firm said Texas Instruments is benefiting from several tailwinds, like an end to its recent capital expenditures cycle and its data center business growth, that support Texas Instruments' outlook. Staar Surgical — The implantable eye lens maker jumped about 27% after it guided for first-quarter revenue in excess of $90 million, well above the $67.6 million expected from analysts polled by FactSet. Zscaler — The cloud security company was downgraded by BTIG to neutral from buy and removed from BTIG's first half 2026 top picks list. The firm sees a more cautious forward outlook. Shares shed roughly 9%. —CNBC's Sarah Min, Fred Imbert, Davis Giangiulio, Yun Li, Scott Schnipper and Darla Mercado contributed reporting. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds - from financial professionals to everyday individuals - come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you're starting from, you'll leave with clearer thinking, stronger strategies. Enter your email here to get a discount code.
