Shares of doughnut chain Krispy Kreme (NASDAQ:DNUT)
jumped 6% in the morning session after Federal Bureau of Investigation Director Kash Patel disclosed his personal stake in the company and said it was a “good investment” during congressional testimony.
Krispy Kreme's stock rose 3.81% after hours on Wednesday, following FBI Director Kash Patel's testimony about his stock purchase, despite a 68.28% drop in 2025.
FBI Director Kash Patel was asked about two stocks he bought earlier this year by a member of Congress on Wednesday and gave a surprising answer. The transactions come as members of Congress are working on legislation to ban lawmakers and cabinet members from buying and selling stocks.
Shares of doughnut chain Krispy Kreme (NASDAQ:DNUT)
jumped 5.1% in the morning session after the stock's positive momentum continued as the company unveiled new limited-edition doughnut collections to entice customers.
Market swings can be tough to stomach, and volatile stocks often experience exaggerated moves in both directions.
While many thrive during risk-on environments, many also struggle to maintain investor confidence when the ride gets bumpy.
Let’s dig into the relative performance of Jack in the Box (NASDAQ:JACK) and its peers as we unravel the now-completed Q2 traditional fast food earnings season.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how traditional fast food stocks fared in Q2, starting with Krispy Kreme (NASDAQ:DNUT).
Shares of doughnut chain Krispy Kreme (NASDAQ:DNUT)
fell 0.8% in the morning session after the company announced it sold its remaining stake in Insomnia Cookies for approximately $75 million.
Shares of doughnut chain Krispy Kreme (NASDAQ:DNUT)
fell 6.6% in the morning session after JPMorgan downgraded the stock to 'Underweight' from 'Neutral', citing significant risks in its turnaround plan. The investment bank expressed concerns about high execution risks, declining U.S. business trends, and challenges associated with refranchising multiple international assets. JPMorgan also highlighted Krispy Kreme's substantial debt, with over $1 billion in net debt compared to its equity market capitalization of roughly $650 million. The downgrade follows the company's recent wider-than-expected quarterly loss and the announcement of a new turnaround strategy. According to the brokerage, these underlying issues limit the visibility of the proposed plan's success.
Shares of doughnut chain Krispy Kreme (NASDAQ:DNUT)
jumped 3.4% in the morning session after investors reacted positively to news that its UK division has initiated a multi-year turnaround plan to drive sustainable, profitable growth.
Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street.
Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.
A number of stocks fell in the afternoon session after markets continued to decline, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell. The move came as U.S. equity markets recorded a fifth consecutive day of losses for major indexes like the S&P 500, with technology stocks experiencing the largest declines. Investors have grown wary that the sharp rally in the tech sector since April may have advanced too far. The market-wide caution is largely driven by the upcoming Jackson Hole symposium, a meeting of central bankers, where traders are anxiously awaiting Fed Chair Powell's speech on Friday for guidance on the future path of interest rates.
Restaurants increase convenience and give many people a place to unwind. But the side dish is that they’re quite difficult to operate because high inventory and labor costs generally lead to thin margins at the store level.
This leaves little room for error if demand dries up, and it seems like the market has some reservations as the industry has tumbled by 11.8% over the past six months. This drop is a far cry from the S&P 500’s 6.4% ascent.
A number of stocks fell in the afternoon session after the major indices continued to pull back, with technology stocks accounting for most of the market's largest decliners. A key reason for this trend is that much of the recent market gains were concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
