Stock Groups

Amazon, Netflix, Bumble and more


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Take a look at the top midday traders.

Bumble — Shares of the online dating company surged more than 43% in midday trading. Refinitiv’s fourth-quarter revenues were just below expectations. Still, BMO upgraded Bumble to outperform from market performThe stock had substantial room for growth, according to a Wednesday client note.

J.B. Hunt Transport Services — Shares of the shipping company rose 2.8% on Wednesday after Goldman Sachs upgraded J.B. Hunt TransportBuy. According to the investment company, the company stands poised for a significant benefit from the ease in supply chain congestion.

Stitch FixThe shares of Stitch Fix fell 3% Wednesday as the fiscal third quarter guidance was well below expectations. According to the company, revenue for the quarter will be between $485 and $500 million. However StreetAccount analysts expected $558.6 million. It also reduced its guidance for full year revenue. After the report, Truist downgraded Stitch Fix from hold to maintain.

XPO Logistics — Shares of XPO jumped more than 14% after the company said it will just focus on trucking and split its brokered transportation services unit off into a separate company. The company also announced that it would sell its European intermodal business as well as its North American operations.

Netflix — Shares rallied 5.7% after Wedbush upgraded the streaming companyto an outperform rating. Wedbush stated in a note that while we don’t expect significant share price appreciation in near-term, Netflix has a large subscriber base and first-mover advantage which gives it a competitive edge over other streaming companies.

General Electric — Shares of General Electric rose 4.4% midday following news that the company’s board of directors approved a $3 billion share repurchase program.

Carnival, Royal Caribbean, Norwegian Cruise Line — Cruise line stocks moved higher Wednesday as commodity prices eased, including a sharp drop in oil prices. Stocks are currently up 11%, 77% and over 10% respectively at midday.

Amazon — The e-commerce stock spiked 2% in midday trading. Barclays retained its overweight rating for the company, stating that the tech giant would see revisions to the estimates “likely this calendar year”, after shifting further into high-margin businesses units such as AWS.

PayPal — PayPal surged more than 5% in midday trading. Bank of America downgraded the stock on Wednesday. The bank noted in a note that it was not easy to recommend the stock until its operations side is better.

Caesars Entertainment — Shares of the casino company rose 12% midday after Jefferies added it to its top pick list and said it liked the management team’s “track record of execution.”

Boeing — Boeing spiked 3.8% midday after Langenberg & Company initiated coverage of the aerospace firm with a buy rating. Analysts stated that this was due to “accelerating commercial aeronautical recovery and expectations of an increase in international travel returning at 75-80% norm by the end of 2022.”

Starbucks — Shares of Starbucks are up 4.1% midday following an announcement on Tuesday that the coffee retailer would suspend operationsRussia

— CNBC’s Maggie Fitzgerald, Hannah Miao, Sarah Min, Jesse Pound and Tanaya Macheel contributed reporting