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Companies Making Headlines in Midday Trading

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MARKET,STOCK,TECHNOLOGY

Nvidia's shares rebound after a brief dip, while General Mills faces a weaker outlook and Jabil surpasses Wall Street expectations. Heico sees revenue fall short, Ollie's Bargain Outlet hits a 52-week high, and Xometry enjoys a boost from JPMorgan. Birkenstock and Rivian also experience trading shifts.

Nvidia shares popped more than 4%, reversing earlier week-to-date losses that pushed the stock briefly into correction territory. Shares have surged more than 175% since the start of 2024. General Mills — The consumer products maker slid 2.6% after telling investors to expect a weaker outlook than previously expected. General Mills said adjusted earnings per share should pull back by between 3% and 1%, despite an earlier range of between a loss of 1% and gain of 1%.

Jabil — The electronics components stock surged 9.5% after earnings and guidance surpassed Wall Street expectations. Jabil posted $2 in core earnings per share on $6.99 billion in revenue for the first quarter, while analysts surveyed by FactSet anticipated just $1.88 a share and $6.61 billion. Heico — The aerospace stock tumbled 10% on weaker-than-expected revenue. Heico reported $1.01 billion, just shy of the $1.03 billion consensus forecast from analysts, according to FactSet. Ollie's Bargain Outlet — The retail stock added 2.4% and hit a 52-week high following a double upgrade at Citi to buy from sell. The bank called Ollie's the 'king of closeouts' and believes the company is well-positioned to win in the uncertain retail landscape. Xometry – Shares gained more than 7% after JPMorgan upgraded the artificial intelligence-powered industrial marketplace to overweight from neutral . The investment bank said it's one of the 'best secular growth stories across our coverage universe' for the next three to five years. Birkenstock — The shoe maker jumped 4.5% on the back of better-than-anticipated earnings and revenue for the fourth fiscal quarter. Adjusted earnings before interest, taxes, depreciation and amortization also exceeded expectations. Rivian — The electric vehicle stock shed 4% following a downgrade to neutral from outperform at Bair

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