Today's Morning Movers and Top Ratings: SMCI, MU, UPS, STX and More
Morning Movers
Gapping up
$Krispy Kreme(DNUT.US$ Shares surged nearly 14% premarket following the announcement that its donuts will be sold in McDonald’s restaurants nationwide by the end of 2026.
$Seagate Technology(STX.US$ The data storage stock rose by 4.1% after an upgrade by Morgan Stanley to overweight from equal weight, citing improved earnings power from generative AI.
$McCormick & Co(MKC.US$ Shares increased nearly 4% after the company reported earnings and revenue that exceeded expectations, with adjusted earnings per share of 63 cents and revenue of $1.6 billion.
$United Parcel Service(UPS.US$ UPS shares grew by 3% after the company provided optimistic long-term revenue forecasts between $108 billion and $114 million for 2026.
$Super Micro Computer(SMCI.US$ The stock went up by 3.1%, continuing its positive run from when JPMorgan began covering the stock with an overweight rating and identified it as a leader in the AI compute market.
$Micron Technology(MU.US$ Shares climbed 1.5% after Mizuho Securities reaffirmed a buy rating and raised the price target, predicting strong AI-driven sales in the future.
$Taiwan Semiconductor(TSM.US$ The company's shares received a 1% lift after JPMorgan reiterated an overweight rating, emphasizing its central role in the AI technology field.
Gapping down
$McDonald's(MCD.US$ : Despite its partnership with Krispy Kreme, McDonald's shares fell more than 1%, showing a less favorable investor response to the collaboration news.
Source: CNBC; Investing.com
US Top Rating Updates on 03/26
Source: Dow Jones
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