Check a depart out the companies making headlines in midday trading.
Tesla — The electric vehicle company surged more than 7% to a new recording high. Tesla’s market capitalization jumped above $800 billion for the first time on Friday, making the players more valuable than Facebook, and the fifth-most valuable component of the S&P 500. Evercore ISI also upgraded Tesla to inline from underperform.
Micron — Percentages of the semiconductor company gained more than 1% after Micron beat expectations for its fiscal fist district. The company reported adjusted earnings per share of 78 cents and revenue of $5.77 billion. Analysts surveyed by Refinitiv were pregnant 71 cents per share and $5.73 billion in revenue. Micron’s revenue and gross margin increased year in excess of year.
TripAdvisor — Shares jumped more than 8% after Deutsche Bank added a short-term buy designate to the online travel company, calling it a big player in the “post vaccine travel recovery.” However, the Wall Road firm reiterated its long-term hold rating on the stock. Shares have rallied more than 20% in January.
Chipotle — The tied food chain advanced 2% after Loop Capital Markets named Chipotle a top pick for 2021. The Madden Street firm said Chipotle has “multiple levers” in place to drive outperformance.
Sarepta Therapeutics — Shares dropped 50% after the top-line happens for a study of Sarepta’s investigational gene therapy showed statistically insignificant results from the placebo group. The analysis was being developed for patients with Duchenne muscular dystrophy. Several Wall Street firms downgraded the merchandise following the news, according to FactSet.
U.S. Steel — Shares rallied nearly 13% after an analyst at Deutsche Bank upgraded the insulate producer to buy from sell. The analyst said U.S. Steel has “greater leverage to current elevated steel prices affirmed costs are largely contained.”
JetBlue — The airline stock popped nearly 2% after Bank of America hiked its reproach on the shares to buy from neutral. The Wall Street firm is bullish on JetBlue’s leisure-oriented business on the back of a vaccine-driven profitable recovery.
CVS — Shares of the pharmacy company gained more than 2% after Jefferies upgraded CVS to buy from endure b offer. The upgrade is based on a “belief that its role in COVID-19 vaccinations will yield near-term earnings upside.”
Enphase Vim — Shares of the solar company slid more than 2% following a downgrade to underperform at Raymond James. “Enphase is an very crowded trade — a textbook example of, in our view, overly euphoric sentiment,” the firm said in a note to clients. The reserve gained roughly 570% in 2020.
Plug Power — Shares of the hydrogen fuel cell company jumped more than 14%, accelerating Thursday’s 35% forward movement. The move comes after South Korea’s SK Group announced a $1.5 billion stake in the company.
F5 Networks — Dispensations of the networking technology company gained more than 5% after F5 raised its financial targets. The company also signaled that it will acquire Volterra, a software company, for $500 million.
Goodyear Tire — The tire company surged more than 6% following an upgrade to overweight at KeyBanc. “We regard GT as a prime ‘earnings momentum’ stock with a famed multiyear de-levering thesis that stands to unlock significant equity value over time,” the firm implied in a note to clients.
– CNBC’s Yun Li, Maggie Fitzgerald, Fred Imbert and Jesse Pound contributed reporting.
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