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Midday Movers: Tesla, Nvidia Make Gains, FedEx Slides

Stock Markets Mar 18, 2022 11:52AM ET
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© Reuters.

By Sam Boughedda

Investing.com -- U.S. stocks are again mixed Friday, with the Dow down and the S&P 500 and NASDAQ Composite trading slightly higher. Here are the midday movers on Friday, March 18th. 

Tesla Inc (NASDAQ:TSLA) is up 2.85% after Morgan Stanley analyst Adam Jonas said there is a strong chance the company will enter the aviation market.

NVIDIA Corporation (NASDAQ:NVDA) is up 5.5% Friday, despite no notable news on the stock. On Wednesday, analyst Christopher Harvey added the company to Wells Fargo's "Signature Picks" list.

StoneCo Ltd (NASDAQ:STNE) is one of the biggest gainers Friday after the company posted strong earnings and an upbeat forecast. The stock is up around 38% midday. In addition, Citi upgraded the stock to buy from neutral, telling investors that at current levels, the company's valuation looks attractive.

FedEx Corporation (NYSE:FDX) is down around 5% after it reported earnings after the bell Thursday, missing earnings expectations. FedEx reported earnings per share of $4.59, below analyst expectations of $4.68. Revenue did, however, beat forecasts, coming in at $23.6 billion.

BigBearai Holdings Inc (NYSE:BBAI) is trading 23% below Thursday's close after also reporting earnings after the close Thursday. The artificial intelligence firm revealed a loss per share of $1.02 on revenue of $33.5 million.

 

Midday Movers: Tesla, Nvidia Make Gains, FedEx Slides
 

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علي مصطفى
علي مصطفى Mar 19, 2022 6:49AM ET
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علي مصطفى
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