Stocks to Watch Tuesday: Trump Media, GameStop, Krispy Kreme, BuzzFeed -- WSJ

Dow Jones03-26

By Chelsey Dulaney

Krispy Kreme $(DNUT)$: The company's shares surged 19% in early trading after it reached a deal to sell its donuts at McDonald's restaurants across the U.S.

Trump Media & Technology Group (DJT): Truth Social's parent company started trading Tuesday after its merger with Digital World Acquisition Corp. $(DWAC)$. DJT shares rallied leaped around 40%.

WeWork $(WEWKQ)$: Adam Neumann, the former chief executive and co-founder of the bankrupt co-working company, recently submitted an offer to buy it back for more than $500 million, according to the Journal.

SK Hynix (KR:000660): The South Korean memory chip maker is expected to build a packaging facility in Indiana, creating up to 1,000 jobs. Shares of the Nvidia partner rallied in Seoul.

MicroStrategy $(MSTR)$: The crypto-linked companys' shares gained as bitcoin rallied back above $70,000.

Micron Technology $(MU)$: The memory-chip maker's stock extended gains after closing at a record high Monday. The company is viewed as a key potential winner from the AI boom.

Maersk: The Danish shipping giant's stock was recently down over 4%. The company said it had chartered the ship that struck a bridge in Baltimore from Singapore-based Synergy Marine Group.

BuzzFeed $(BZFD)$: Shares of the struggling media company fell around 9% after it reported that revenue slid last year, and forecast a double-digit decline for this quarter.

McCormick $(MKC)$: Shares of the spices and flavorings company rose roughly 9% after it recorded higher quarterly sales and earnings.

Day-trader favorite GameStop $(GME)$ is also set to report earnings. Plus, UPS $(UPS)$ is holding an investor day.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

March 26, 2024 09:44 ET (13:44 GMT)

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