Check out the companies making headlines in midday trading: Resilient – Shares rose nearly 15% after the software company beat Wall Street's expectations for fiscal second-quarter results. Elastic reported adjusted earnings of 59 cents per share on revenue of $365 million. Meanwhile, analysts surveyed by LSEG expected it to earn 38 cents per share on revenue of $357 million. Reddit – The stock fell more than 7% after Bloomberg, citing a person familiar with the matter, reported that Advance Magazine Publishers is looking to establish a credit facility using up to $1.2 billion of its stake in Reddit. The Gap – The stock jumped nearly 13% on the heels of the apparel retailer raising its full-year forecasts – the third time it has done so this year. The company now expects sales to rise by between 1.5% and 2%. Gap had previously said in its forecast that sales would “increase slightly.” Super Micro Computer – Shares rose more than 11%, extending gains of more than 15% in the previous session. The stock has seen a major rally this week, with shares up more than 73% year to date, in the wake of the company naming BDO as its new auditor and submitting plans to Nasdaq on how it will remain compliant with the exchange's rules. rules. Intuit – Shares of the financial software company fell more than 5% after the release of its fiscal first-quarter report. Intuit's results beat Wall Street expectations in terms of top and bottom line results, according to LSEG, but the company said it expects revenue declines in its consumer group during the second quarter. Intuit also reiterated its full-year guidance. Ross Department Stores – Shares rose more than 2% after the department store chain reported third-quarter earnings of $1.48 per share, beating the $1.40 expected from analysts polled by LSEG. However, its revenues were less than agreed upon estimates. Carpenter Technology – Shares rose more than 5% after JPMorgan initiated coverage of the steelmaker with an overweight rating. The company expects an increase of more than 21% in the future, citing strong demand for the company's premium products. StoneCo – Shares jumped more than 10% after the Brazilian payments company announced a share buyback program of up to R$2 billion. The program has no set end date, according to the company. Deckers Outdoor – The shoemaker added more than 5% and reached an all-time high intraday after Needham initiated a buy rating. Needham called Deckers “one of the high-quality companies in our coverage” and added the stock to his list of convictions. MicroStrategy – Shares of the bitcoin developer rose more than 6%, reversing more than 16% of the losses seen in the previous session. The gains come as Bitcoin approached the $100,000 level during Friday's trading session after surpassing $99,000 for the first time on Thursday. Texas Pacific Land – Stock jumped more than 14% on news that the landowner will join the S&P 500, replacing Marathon Oil following the acquisition of that company by ConocoPhillips. Its inclusion in the index will take effect on Tuesday. — CNBC's Alex Haring, Jesse Pound and Michelle Fox contributed reporting.
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