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Coffee With Greta: Rally Resumes


DJIA Futures: +45 (+0.1%)

SPX Futures: +12 (+0.2%)

NASDAQ Futures: +55 (+0.3%)

Good morning friends!

Futures are higher as traders look to extend the record-setting rally.

Let’s get right to it!

Krispy Kreme Jumps On McDonald’s Partnership

Krispy Kreme (DNUT) shares are rallying 17.6% ahead of the open after announcing a partnership with McDonald’s (MCD) this morning. 

McDonald’s has agreed to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026. 

The companies will begin the rollout in the second half of this year and Krispy Kreme will more than double its distribution to satisfy the partnership over the next 2.5 years. 

Krispy Kreme’s CEO said, “We think we can service about 6,000 restaurants with our existing infrastructure, mostly doughnut shops, which have excess capacity.”

McDonald’s already sells Krispy Kreme at 160 restaurants across Louisville and Lexington, Kentucky.

Trump Media Company Makes Trading Debut

Trump Media & Technology Group (DJT) shares are surging 23.8% in premarket trade as former President Donald Trump’s social media company debuts on Wall Street. 

The debut is a SPAC deal that combined Trump’s company and the shell company Digital World Acquisition Corporation.

A majority of DWAC shareholders voted last week to approve the merger. 

TMTG owns Trump’s social media platform, Truth Social.

Trump himself owns 58% of the company and is barred from selling shares for six months. 

UPS Rises On Strong Revenue Targets

United Parcel Service (UPS) shares are up 2.2% ahead of the open after releasing strong long-term revenue forecasts. 

The shipping giant said this morning it expects between $108 billion and $114 billion in adjusted revenue in 2026. 

That’s up sharply from the $91 billion the company reported in 2023. 

UPS also said it is expecting to hit an adjusted operating margin of over 13%. 

That margin is expected to hit at least 12% domestically and 18% to 19% internationally. 

In Case You Missed It

  • New home sales fell unexpectedly in February as higher rates put pressure on buyers. The Census Bureau reported sales of newly built homes fell 0.3% to a seasonally adjusted annual rate of 662,000 units vs 675,000 expected. The drop came even as the median new home price fell 7.6% year over year to $400,500, the lowest since June 2021. Supply continued to rise with 463,000 new homes on the market at the end of February, representing an 8.4 month supply.

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