Stocks making the biggest moves midday: Alibaba, Apple, Robinhood and more

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Check out the companies making headlines in midday trading.

Alibaba, Baidu, JD.com — Shares of the China-based companies fell midday after JPMorgan Chase downgraded the stocks to underweight. Their stocks tumbled 9%, 7% and 8%, respectively, amid a new shutdown in Shenzhen and renewed U.S. delisting fears.

Apple — The company's stock fell 2% as one of the its biggest suppliers in China said it would pause operations in Shenzhen amid a new Covid-19 lockdown. KeyBanc also reiterated its outperform rating on shares of the technology giants and said that iPhone demand remains strong.

Occidental Petroleum, Chevron – The energy companies fell 4% and 3% midday after analysts at Morgan Stanley downgraded the stocks to equal-weight from overweight. The bank noted that while both companies have outperformed peers in recent months, they currently offer less attractive relative valuations. Oil prices also moved lower Monday.

Ford — Shares of the auto company dipped about 1% after Jefferies reiterated its hold rating and lowered its price target. The Wall Street firm slashed its price projection on Ford shares to $18 from $20, citing worries about «a stagflationary environment of higher input costs and continued supply constraints.»

Tyson Foods — The poultry company's stock fell 2.4% after BMO Capital markets downgraded the it to market perform from outperform. BMO said it's concerned about «underlying fundamentals» in beef.

Nike — Shares for the sports apparel giant tumbled 3.4%, furthering losses this year as geopolitical risks continue to weigh on the retailer. On Monday, UBS reiterated a buy rating for Nike, but analysts noted that its business in China is not recovering as fast as the firm expected. Last year,