Here are some of the companies making headlines in midday trading. Bitcoin-linked stocks — Shares of companies related to bitcoin rose as a piece of legislation that would create a regulatory framework for cryptocurrencies cleared the Senate Banking Committee . Bitcoin rose more than 2%, while shares of Coinbase jumped 7%. Bitcoin treasury company Strategy saw shares rise 7%, and shares of trading platform Robinhood rose 5%. Starbucks — The coffee chain's stock jumped 2% after TD Cowen raised its rating to buy from hold, and its price target to $120 from $106. "Starbucks has numerous tangible drivers to deliver positive sales revisions in a strong category backdrop," analyst Andrew Charles said Thursday in a note to clients. Ford Motor — Shares of the automaker rose 7%, adding to the stock's 13% advance Wednesday. Morgan Stanley highlighted the company's energy storage business and its relationship with battery manufacturer CATL. "We find that investors are overlooking this opportunity and its potential to drive improved profitability within Ford's Model e segment," analyst Andrew Percoco wrote in a Tuesday report. Barclays said Thursday that Ford Energy "could be an incremental $3bn revenue, $300-500mn EBIT opportunity." Applied Materials — The semiconductor equipment manufacturer's stock rose about 2% ahead of fiscal second-quarter results. Analysts surveyed by FactSet are calling for earnings of $2.66 per share on revenue of $7.68 billion. They also expect revenue from the company's Semiconductor Systems unit to reach $5.83 billion. Shares have surged 73% in 2026. Biogen — Shares fell 5%, reversing earlier gains. Biogen said its experimental Alzheimer's drug will advance into a Phase 3 trial, despite failing to meet the main goal of the Phase 2 trial. Biogen said the drug, diranersen, showed cognitive benefits. Versant Media Group — Shares rose almost 4% after Versant reported revenue growth across its content licensing and digital platforms in the first quarter, even as revenue overall slipped due to continued declines in linear distribution of its pay TV networks and advertising businesses. Adjusted EBITDA totaled $704 million, above estimates for $608 million, according to analysts polled by FactSet. Yeti Holdings — The cooler maker's stock jumped 6% after the company's first-quarter beat on the top and bottom lines. Yeti reported adjusted earnings of 26 cents per share, versus the 18 cents expected from analysts polled by FactSet. Revenue of $380.4 million also topped the $374.7 million consensus estimate. Cisco Systems — Shares surged 14% after the networking equipment company's third-quarter results and guidance beat Wall Street estimates. For its current quarter, Cisco sees its adjusted earnings coming in at $1.16 to $1.18 per share on $16.7 billion to $16.9 billion in revenue, against analysts' estimates of $1.07 per share and revenue of $15.82 billion, according to LSEG. Cisco also beat Street projections on both the top and bottom lines in its last quarter and announced 4,000 job cuts. StubHub — Shares popped 18% after the ticket seller posted first-quarter revenue of $446 million and adjusted EBITDA of $72.1 million. Analysts polled by LSEG had expected $432 million in revenue and $65.1 million in EBITDA. Doximity — Shares plummeted 23% after the digital healthcare platform provider shared current-quarter and full-year revenue guidance that fell short of analysts' expectations, per LSEG. Doximity's fourth-quarter adjusted earnings of 26 cents per share also came below the 28 cents analysts were looking for. Jack in the Box — The fast-food stock lost 12%. Jack in the Box earned an adjusted 65 cents per share in the second quarter, missing the FactSet consensus call for 74 cents per share. Revenue also missed, coming in at $254.3 million versus the estimate for $256.6 million. Nvidia — The U.S. has cleared the sale of Nvidia's H200 AI-chip to about 10 Chinese firms, Reuters reported, citing sources. No delivery has been made so far, the report said. Shares added 4%. Honda Motor — The auto giant posted its first annual loss in nearly 70 years due to $9 billion in costs to restructure its electric-vehicle business. But full-year guidance for 2027 came in above expectations and it maintained its dividend. U.S.-listed shares rose 5%. Viking Holdings — Shares climbed 7% after the cruise operator reported first-quarter revenue of $1.05 billion, above the $1.01 billion expected from analysts polled by FactSet. Viking posted an 11-cent loss per share, in line with expectations. Klarna — Shares rallied about 16% after the global payment company reported first-quarter revenue of $1 billion, topping the $944.1 billion expected by analysts, according to FactSet. Klarna posted $17 million in operating income. It wasn't clear if that was comparable to analysts' consensus estimate of $15.6 million. — Lisa Kailai Han, Davis Giangiulio, Nick Wells and Darla Mercado contributed reporting. Disclosure: Versant Media is the parent company of CNBC. 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.
