Stock Groups

Netflix, Nike, Southwest Gas and more

[ad_1]

An employee of Nike stands at the doorway to Nike SoHo in New York City, as seen from a window.

Drew Angerer | Getty Images

These are the headline-grabbing companies in midday trading.

Facebook Amazon AppleTuesday’s rebound in the market was led by shares of technology giants. Facebook shares rose 2.5% following a 5% slide on Monday due to a whistleblower’s claims and a site outage. Amazon rose 2%, while Apple advanced more than 1%. Alphabet added over 2%.

Southwest Gas Holdings — The energy company jumped nearly 6% after activist investor Carl Icahn, who has a significant stake in it, wrote a letter to the company pushing it to drop a potential acquisition of Dominion Energy’s Questar Pipeline and focus on improving its stock’s performance, The Wall Street Journal reported.

Marathon Oil — Shares of the exploration and production company advanced more than 2% on the heels of climbing oil and natural gas prices. OccidentalAdditionally, the gain was 1.8% EOG Resources Devon Energy HalliburtonAnd HessAll roses. West Texas IntermediateOn Tuesday crude futures broke above $79 per barrel for the first-time since November 2014.

PepsiCo — Shares of PepsiCo gained more than 1% after the food and beverage corporation reported better-than-expected third-quarter earnings despite higher supply chain costs. Pepsi Co earned $1.79 per share from revenue of $20.19 trillion. According to Refinitiv, analysts projected earnings of $1.73 per shares on revenues of $19.39 trillion. It also raised its full year forecast.

Nike Under Armour — The athletic retail stocks each added more than 2% after Wedbush began coverage of both with an outperform rating. According to the bank, both companies are “long-term structural winner.” Both are expected to reap the benefits over the long-term, but the bank expects that they will be affected short-term volatility.

Netflix — Shares of Netflix gained more than 4% after Cowen reiterated its outperform rating on the streaming giant. A recurring U.S. poll by the firm found Netflix. continues to lead in contentAmong other services.

DocuSign — Shares of the e-signature company jumped more than 3% after Wedbush Securities analyst Daniel Ives named the stock one of his team’s top tech stocks to buy with the sector’s multi-year rally being far from over.

Charles Schwab — The brokerage firm saw its stock rise 3.5% after Atlantic Equities initiated coverage of it as overweight, calling it inexpensive and highlighting the recent “shift to focus on asset-gathering,” which creates “far more sustainable and compounding revenue streams.”

Bank stocks — Bank stocks climbed higher as the 10-year Treasury yield topped 1.5%. Goldman SachsThe gain was nearly 33% Bank of AmericaAnd Wells FargoMore than 2% was added. Banks tend to benefit from rising interest rates because they allow for higher margins and profits.

 — CNBC’s Hannah Miao, Yun Li and Pippa Stevens contributed reporting

With this, you can be a more intelligent investor CNBC Pro 
Access to CNBC TV and stock picks as well as analyst calls. Exclusive interviews. 
Start a business today by signing up free trial today

[ad_2]