Stocks making the biggest moves midday: Lucid, CF Industries, Royal Caribbean, Petco & more

Here are some of the stocks making headlines in midday trading. Mercado Libre — The online marketplace saw shares tumble more than 6% after JPMorgan downgraded it to neutral from overweight. The bank noted that competition for the company doesn’t seem to be easing and margins are likely to be lower for longer. JPMorgan also cut its price target to $2,100 from $2,650. Royal Caribbean , Carnival — Shares of Royal Caribbean shed 5% and Carnival lost 6% as oil prices hit $100 per barrel. Fuel is one of the largest operating expenses for cruise operators. Constellation Energy , Vistra — The power companies saw shares rise 2% after the Department of Energy announced an initiative that aims to use existing nuclear energy infrastructure to generate more power. Both companies operate nuclear facilities. Firefly Aerospace — Shares surged about 20% after the company successfully launched its Alpha Flight 7 rocket. Petco Health and Wellness — Shares surged nearly 30% after the pet health and wellness company indicated it may return to sales growth for the full year. Petco guided for full-year revenue growth between flat and up to 1.5% year over year. The FactSet consensus called for a decline of 0.4%. Lucid Group — The electric-vehicle maker’s stock fell more than 7% after it revealed that it expects to become cash flow positive later this decade. At an investor day, the company outlined plans to expand into midsize vehicles, robotaxis and new countries, including those in Europe. Fertilizer stocks — CF Industries and Intrepid Potash both jumped more than 13%, Mosiac was 9% higher and Nutrien climbed more than 6%. About a third of seaborne trade in fertilizers passes through the Strait of Hormuz, according to the UN , and a prolonged blockage could drive up costs for food producers around the world. CF reached a new all-time high earlier. Bumble — Bumble shares popped about 36% after the dating app reported strong adjusted EBITDA and revenue results for its fourth quarter. Its first-quarter adjusted EBITDA guidance also beat analyst consensus expectations, per FactSet. Netskope — Shares of the security and networking company plunged 22% on the back of weak guidance. Netskope said it expects to see an adjusted loss between 6 cents and 7 cents per share for the first quarter, while analysts polled by FactSet expected 6 cents per share. The company also sees a greater loss for the full year than analysts anticipated. Private credit stocks – Blue Owl Capital lost 2%, while Blackstone and Apollo Global shed around 4% each. The declines come after Morgan Stanley and Cliffwater imposed caps on withdrawals from their multibillion-dollar private credit funds to stem investors’ ongoing flight from the asset class , which has recently been on shaky footing. Hims & Hers Health – The stock tumbled nearly 4% after Eli Lilly issued a notice about an impurity in a compounded version of its weight-loss drug and warned of health risks linked to the medicine. Lilly lost 2%. Dollar General – The stock declined almost 5% after the discount retailer issued underwhelming full-year guidance. Dollar General expects earnings per share between $7.10 and $7.35, while analysts polled by FactSet expected a forecast of $7.25 per share. The company also sees same-store sales growth between 2.2% and 2.7%. UiPath — UiPath shares dropped more than 7% after the company’s first-quarter outlook failed to impress Wall Street. UiPath called for adjusted operating income of about $80 million, about in line with the $80.5 million FactSet consensus. — CNBC’s Fred Imbert, Michelle Fox, Christina Cheddar Berk, Scott Schnipper, Nick Wells and Darla Mercado contributed reporting. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds - from financial professionals to everyday individuals - come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you’re starting from, you’ll leave with clearer thinking, stronger strategies. Enter your email here to get a discount code.