Take a look at the top mid-day traders.

Adobe — Shares of Adobe sank 11.4% after issuing weaker-than-expected guidance. Adobe projects fiscal 2022 adjusted earnings at $13.70 per stock, as opposed to the $14.26 consensus forecast from Refinitiv.

AT&T — Shares of telecom giant AT&T rallied 7.4% after Morgan Stanley upgradedStock to an overweight rating of equal-weight. The firm said AT&T shares look attractive after the stock’s underperformance this year. More visibility into AT&T’s WarnerMedia and Discovery deal should provide a growth catalyst next year, according to Morgan Stanley.

Robinhood — Shares of the stock trading app fell more than 6% after Bank of America initiated coverageStock with an underperform rating. According to Wall Street, Robinhood is now in the “perfect storm”, and the brokerage’s organic growth as well as trading activity may be affected by a decline in client engagement over the next several years.

Accenture — Shares of Accenture surged 7.2% after the consulting firm reported better-than-expected quarterly profit and revenue. On revenue of $14.97 trillion, Accenture posted earnings of $2.78 per sen. Refinitv polled analysts and predicted a profit in the range of $2.63 to $2.63 per share for revenue $14.19 billion. Accenture has also increased its guidance on earnings for fiscal 2022.

Lennar — Lennar shares fell 4.2% after the homebuilder’s quarterly report missed Wall Street expectations. Lennar posted earnings of $3.91 per sen, which was below the Factset estimate of $4.15. The homebuilder also saw revenue fall short of expectations. Lennar stated that lumber costs were higher and labor costs rose, and there was a shortage of raw materials.

Novartis — Novartis shares gained 5.6% after the drugmaker launched a share buyback programUp to $15 billion By the end 2023, the company plans to implement its program.

Petco Health — Shares of Petco gained 1.6% after Needham initiated coverageThe pet retailer that has a high buy rating. Needham stated that Petco should be better than competitors in this pet product category.

Bank of America — Bank of America rose 2.5% after JPMorgan named it a top stock pickFor 2022. JPMorgan stated Bank of America was a larger beneficiary of higher rates, as the Federal Reserve is expected to raise interest rates next Year.

Medtronic — Medtronic shares rose 2.8% after Wells Fargo downgradedStock should not exceed overweight weight. They cited recent setbacks, delays and concerns about four MDT-related pipeline products.

Under Armour — Shares of Under Armour fell 4.1% after Stifel downgradedThe stock has been upgraded to a buy rating and a hold rating. Stifel stated that it had “lower confidence in Under Armour’s revenues and margin upside.”

Airbnb — Airbnb shares fell 6.7% after RBC downgradedOutperform is the sector’s stock performance. Airbnb’s risk-reward ratio at the current level is not sufficient to justify an Outperform, according to the company.

Ford — Ford shares rallied 1.6% after Wells Fargo named the auto stock a top pickIn the new year. According to the company, “We anticipate that the auto-recovery trade will finally begin to function in 2022.”

— CNBC’s Yun Li and Tanaya Macheel contributed reporting