Check out the companies making the biggest moves at midday:
Hertz – Shares of the rental company rose 1.9% after the company announced a partnership with BP’s electric vehicle charging division will place thousands of charging stations at Hertz locations. Many of the stations will be used to charge Hertz’s growing fleet of electric vehicles, but some will be made available for public use.
Keurig Dr Pepper – The beverage company fell about 3% after being downgraded by Goldman Sachs to neutral to buy. The company sees an increased risk to Keurig’s margins as commodity inflation persists.
Lucid – Electric vehicle shares rose 1.4% on Tuesday after Cantor Fitzgerald started covering Lucid with an overweight rating. The investment firm said in a note to clients that Lucid’s cars have a competitive advantage over other companies in longer battery ranges and faster charging.
Tesla – Tesla stock up nearly 1% after a report from Electrek that the electric vehicle maker is expecting “very high” deliveries during the quarter. Cathie Wood of Ark Invest also told CNBC on Tuesday that she stick with her call to raise prices on Teslasays “our confidence couldn’t be higher as we see the movement towards electric vehicles accelerating.”
Ford Motor – Ford stock fell about 2% after the automaker announced it was direct $700 million in new investments and create 500 more hourly manufacturing jobs in Kentucky. The investment will support an all-new F-Series Super Duty pickup truck, the company said in a press release.
FLEETCOR . Technology Shares of the global business payments company fell nearly 3% in midday trading. In Monday, Fleetcor announces its chief financial officer left the company after 22 years.
Moderna – Moderna stock rose nearly 2% in midday trading, a day after the Food and Drug Administration authorized five additional lots about the pharmaceutical company’s updated Covid-enhanced footage taken at a Catalent facility in Indiana. On Friday, Moderna asked the FDA for permission omicron injection for children from 6 to 17 years old.
Cruise Lines – Cruise Line Stocks Are the Best Performers on S&P 500 following news that Canada will lift Covid-19 travel restrictions starting next month. Royal Caribbean and Norwegian Cruise Line Holdings each category increased by about 1.8% and 2.3% respectively. Carnival added more than 1%.
Energy stocks – Oil price up from nine-month low on Tuesday, push the energy name higher. Valero Energy, Marathon Petroleum and Phillips 66 more than 2%. Exxon Mobil and Baker Hughes increased by more than 1%.
— Sarah Min, Jesse Pound and Alex Harring of CNBC contributed reporting.
