Please try another search
© Reuters
Investing.com -- U.S. stocks were rising in midday trading as investors prepared for this week's deluge of quarterly earnings reports.
Here are some of the biggest U.S. stock movers today:
Activision Blizzard (NASDAQ:ATVI) stock rose 3.2% after Microsoft (NASDAQ:MSFT), up less than 0.1%, agreed to keep the mega-popular gaming franchise "Call of Duty" on Sony's (NYSE:SONY) PlayStation console, potentially overcoming a key hurdle facing Microsoft's $69 billion purchase of the video game manufacturer. The FT also reported that EU antitrust authorities will open an investigation next week into whether Microsoft is unfairly bundling its Teams video conferencing app with its Office service.
Tesla (NASDAQ:TSLA) stock rose 1.8% after the EV manufacturer said on Sunday it had built its first Cybertruck, after two years of delays.
Yelp (NYSE:YELP) stock rose 10.6% after Goldman Sachs upgraded its stance on the business review site to ‘buy’ from ‘neutral’, citing a positive risk/reward basis and stable ad trends.
United Airlines (NASDAQ:UAL) stock rose 0.5% after the carrier reached a labor agreement with its pilots that will give them a significant pay increase. These pilots turned down a deal last year that included more than 14.5% in cumulative wage increases and enhanced overtime and training pay.
AT&T (NYSE:T) stock fell 5.9% after Citi downgraded its stance on the telecoms giant to ‘neutral’ from ‘buy’, citing possible risks from “legacy lead sheathed cable exposure.”
Twilio (NYSE:TWLO) stock fell 1.2% after Piper Sandler cut the cloud computing company to ‘neutral’ from ‘overweight’, citing uncertainties in the macroeconomic environment and recent divestitures impacting future sales.
PepsiCo (NASDAQ:PEP) stock fell 0.9% after Morgan Stanley downgraded the soft drinks company to ‘equal weight’ from ‘overweight,’ noting the stock is now fairly valued and it sees limited upside in the second half of the year.
-- Peter Nurse contributed to this report
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Author
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.