Stocks making the biggest moves midday: Tesla, First Republic, KeyCorp, UBS and more
Check out the companies making headlines in midday trading Tuesday.
First RepublicKeyCorpU.S. Bancorprebounded on Tuesday as Treasury Secretary Janet Yellen said the government would consider backstopping deposits at more banks in order to protect the financial system. Shares of First Republic jumped more than 41%, while KeyCorp added 9%. U.S. Bancorp rose nearly 8%.
Foot LockerCiti upgraded the retail stock to a buy from neutral after its investor day on Monday. The firm said the company’s move away from malls and toward digital, kids and loyalty projects is a step in the right direction.
Harley-DavidsonMorgan Stanley upgraded the motorcycle maker and said its focus on its core business can lift the stock by more than 30%. Jefferies also upgraded the stock, saying the company’s risk and reward are more balanced after a recent decline.
Roblox“underappreciated” opportunity in artificial intelligence.
Emerson Electrictoo attractive to ignore. The firm upgraded the stock to overweight from equal weight.
Exxon Mobilcompetitive positioning.”
— CNBC’s Alex Harring, Jesse Pound, Tanaya Macheel and Michelle Fox Theobald contributed reporting.