Stock Groups

Ford, Bank of America and more


General view of Halewood Ford’s transmission assembly plant. This was after Ford announced that it would invest 230 GBP in Halewood on October 18, 2021.

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Take a look at the top midday traders.

Ford Motor – Shares of Ford surged more than 12% after the company announced plans to nearly double the production of its new all-electric F-150 Lightning pickup truck to 150,000 annually by mid-2023. This week, the company placed orders for an electric truck. It had been shut down previously due to overwhelming demand.

Warner Music Group – Warner Music slid more than 3% a day after the company announced a saleAccess Industries’ affiliates purchased 8.56 Million shares. Warner Music won’t receive any proceeds and will not be selling shares of its common stock.

Bank of America, American Express – Financial stocks rallied as the benchmark 10-year Treasury yield climbed. Bank of America gained 4.5% Wells Fargo Equity Research named the stock a top pickThe financial sector in 2022. American Express gained 2.9% Signature BankAfter being selected as one of the top picks at Wells Fargo, his stock rose more than 3%

Occidental Petroleum, Coterra Energy, Halliburton – Energy stocks rose as oil prices moved higher with OPEC and its allies agreeing to raise its output target. Occidental climbed about 8.4% while Coterra gained 7.9%. Halliburton climbed 6.5%.

Foot Locker – Shares of Foot Locker dipped 2.6% after JPMorgan downgraded the stock to underweight from neutral. Firm cites cost pressures and stiffer competition as reasons for closing the apparel and athletic footwear retailer.

Under Armour – Under Armour shares rose more than 2% after Baird upgraded the stockTo an outperform rating of neutral. Baird stated that it prefers stocks with “visible, cyclical earnings recovery potential.”

Coca-Cola – The beverage stock rose 1.6% on Tuesday after investment firm Guggenheim upgraded Coca-ColaNeutral is the best place to purchase. In a note sent to clients, the firm stated that Coca-Cola’s emerging market and on-premise businesses are recovering faster than anticipated from the pandemic.

Hewlett Packard Enterprise – Hewlett Packard Enterprise shares jumped 4.9% after Barclays upgraded the stock to overweight from equal weight. We believe that core Server and Storage are stabilizing and will move to as-a service, while Networking and HPC could see steady growth. The firm stated that the group’s valuation is the lowest.

General Electric – Shares of GE jumped about 2.5% after Credit Suisse upgraded the stock to outperform. GE stock shares have struggled ever since November’s announcement of a three-way separation. Credit Suisse however stated that there was more upside to the shares than 25%.

Toyota Motor – Shares of Toyota gained more than 7% after Japan’s Nikkei news serviceThe company announced plans to create its own auto operating system by 2025.

— CNBC’s Jesse Pound and Tanaya Macheel contributed reporting