Stocks making the biggest moves premarket: Krispy Kreme, UPS, Micron Technology and more

Published Tue, Mar 26 20247:53 AM EDTUpdated Tue, Mar 26 202411:10 AM EDT

Check out the companies making headlines in premarket trading. Krispy Kreme — Shares surged nearly 14% during premarket trading after the company said it will sell its donuts in McDonald's restaurants nationwide by the end of 2026 , with the rollout beginning in the second half of this year. Krispy Kreme began testing sales at some McDonald's locations in 2022, and their partnership expansion would double the donut maker's current distribution. McDonald's shares fell more than 1%. Seagate Technology — The data storage stock added 4.1% on the back of a Morgan Stanley upgrade to overweight from equal weight. Morgan Stanley said the company has improved earnings power due to generative artificial intelligence and other factors. McCormick — Shares moved nearly 4% higher after the spice maker reported an earnings and revenue beat. Adjusted earnings per share came in at 63 cents for the fiscal first quarter, topping the 58 cents expected from analysts polled by FactSet. Revenue was $1.6 billion versus the $1.55 billion expected. United Parcel Service — Shares of the delivery company rose 3% after the company released long-term forecasts. The company said it sees between $108 billion and $114 billion in consolidated revenue in 2026. For 2023, UPS reported that consolidated revenue declined to $91 billion. Super Micro Computer — Shares rose 3.1%, continuing its gains from Monday when JPMorgan initiated coverage of the stock with an overweight rating. The firm named Super Micro Computer, which makes server and storage solutions, as a leader of the AI compute market "still in its infancy." Micron Technology — The chipmaker saw shares rise 1.5% after Mizuho Securities reiterated its buy rating and increased its price target on the stock , saying a strong AI opportunity could lead to better-than-expected sales in late 2024 into 2025. Taiwan Semiconductor — Shares got a 1% boost after JPMorgan reiterated its overweight rating on the semiconductor stock. The firm noted that "all roads" in artificial intelligence lead to Taiwan Semiconductor. — CNBC's Jesse Pound, Alex Harring, Michelle Fox and Pia Singh contributed reporting.