Stocks making the biggest moves midday: Kohl's, Broadcom, Lululemon and more

cnbc.com:

Check out the companies making the biggest moves midday:

Kohl's — Shares of the retailer jumped 7.8% after a Reuters report that private equity firm Oak Street Real Estate Capital has made an offer to acquire as much as $2 billion of Kohl's property and have the retailer lease back its stores. Reuters cited people familiar with the matter.

Broadcom — Broadcom shares advanced more than 4% after the chipmaker reported quarterly earnings and revenue that exceeded analyst forecasts and issued stronger-than-expected revenue guidance for the current quarter. The company's CEO, Hock Tan, also said it's expecting strong demand to continue this quarter.

Lululemon — Shares of apparel company surged nearly 9% after Lululemon's earnings cruised past analyst estimates for the second quarter. The company reported $2.20 in adjusted earnings per share on $1.87 billion in revenue. Analysts surveyed by Refinitiv were expecting $1.87 in earnings per share and $1.77 billion of revenue. Comparable sales rose 23% year over year, and operating margin expanded to 21.5%.

Okta — Shares of the cybersecurity company rose 8.4%, recovering some of its steep losses from the previous day. Okta had cratered 33.7% Thursday after a slew of Wall Street downgrades, despite a top and bottom line beat in the recent quarter.

Salesforce — Shares of the enterprise software maker jumped just under 3% after Guggenheim upgraded the stock to neutral from sell. The Wall Street firm upped its rating after Salesforce sold off 20% since its initiation. Last week, Salesforce reported numbers that beat quarterly expectations but came up short on guidance for the current quarter and the full fiscal year.

PagerDuty — PagerDuty was up 1.22% after reporting