Stocks making the biggest moves midday: Tesla, Spotify, Netflix, Beyond Meat and more
In this article
Check out the companies making headlines in midday trading.
Tesla — Tesla shares surged more than 9% after Credit Suisse upgraded the stock to outperform from neutral. The firm said the pullback in technology stocks this month has created a buying opportunity. «With robust fundamentals ahead and with the stock having been caught in the market decline, we believe the stock should recover,» Credit Suisse said.
Spotify — Shares of the streaming platform are on watch after influential podcaster Joe Rogan apologized to Spotify amid a boycott over his content. Neil Young and Joni Mitchell pulled their music from Spotify after the company continued to host «The Joe Rogan Experience,» which medical professionals have called out for spreading Covid misinformation. The stock also received an upgrade from Citi. Spotify shares surged more than 12%.
Netflix – Shares of Netflix jumped 10% after Citi upgraded the stock to buy from neutral, saying that the streaming service has ample pricing power to weather high inflation, and that prevailing equity values don't reflect material subscriber growth prospects beyond 2023.
Beyond Meat – The alternative meat stock surged 15% on Monday following a double upgrade from Barclays. The investment firm said that Beyond Meat's partnership with restaurant chains should help it stand out in a competitive industry.
Goldman says corrections are buying opportunities and rarely turn into bear markets
Wharton's Jeremy Siegel says don't panic if the stock market goes down another 10%
Earnings playbook: An investor's guide to reports from Alphabet, Amazon, Meta and more
Intuitive Surgical – Shares of Intuitive Surgical rose 3.5% after Piper Sandler on Monday upgraded the medical stock to
Read more on cnbc.com
