SIRI, CTAS, UNFI, etc.

See which companies are making headlines in midday trading.

reins — Shares fell 5.3% after the company reported first-quarter fiscal 2024 results. The corporate apparel company reported earnings of $3.70 per share on revenue of $2.34 billion, beating earnings forecasts that matched analysts’ estimates of $3.67 per share, per StreetAccount. Cintas raised its full-year guidance, but the lower end of its EPS and revenue forecasts were lower than analysts’ estimates.

Pinterest — Shares of the image-sharing platform fell 0.6% after HSBC initiated coverage of the stock with a buy rating. The Wall Street firm said Pinterest has “the right management team, the right products for shopping, and a differentiated, capital-light strategy to enter social commerce.”

United Natural Foods — Shares of United Natural Foods fell 27.4% on Tuesday after the company revised its earnings per share forecast for next year and EBITDA lower than analysts’ estimates, citing profitability headwinds. The food company’s guidance is for a loss of 88 cents per share, excluding items, to 38 cents per share, according to StreetAccount, while analysts had called for $1.94 per share. The company’s fiscal fourth-quarter revenue missed analysts’ estimates of $7.47 billion.

fisker — The electric car maker rose 9.6% after Bank of America initiated coverage of the stock with a buy rating. The company said it provides pure-play exposure in a growing market.

wells fargo, JP Morgan, Goldman Sachs — Bank stocks fell Tuesday after JPMorgan Chase CEO Jamie Dimon warned the Federal Reserve could raise interest rates further to curb inflation, adding to the overall decline. Wells Fargo and Goldman Sachs stock prices fell 2.2% and 1.5%, respectively. Morgan Stanley JPMorgan and JPMorgan both lost about 1%.

SiriusXM — Shares of the media company fell 3.2% following news that Liberty Media had proposed to SiriusXM’s Special Committee of Independent Directors a proposal to merge the two corporate structures into one entity.

DraftKings — Shares of DraftKings surged more than 2% after JPMorgan upgraded the sports betting stock from neutral to overweight, saying the company’s recent underperformance makes it an attractive entry point for investors.

barclays — Shares of the U.S.-listed bank rose 2.2% after Morgan Stanley upgraded Barclays from an equal weight rating to an overweight rating, citing improved earnings outlook and U.S. credit card growth opportunities.

Amazon – Shares fell 4% on Tuesday after the Federal Trade Commission and 17 state attorneys general filed antitrust charges against e-commerce retailer Amazon. The lawsuit alleges that Amazon uses its “monopoly power” to raise prices and prevent competitors from competing.

— CNBC’s Ha-Kyung Kim, Alex Harring, Brian Evans, Samantha Subin and Yun Li contributed reporting.