Netflix, Adobe, Wynn Resorts, Humana and more

Adobe Systems worldwide headquarters in downtown San Jose, California.

Lisa Werner | Mobile Moment | Getty Images

Check out the companies making headlines in midday trading.

Netflix – The streaming title gained 7% after Evercore ISI upgraded Netflix to an outperforming rating and said its title could rise by more than 30% thanks to the launch of an ad-supported service and crackdown on sharing. passwords.

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Here are Thursday's biggest analyst calls: Tesla, Wynn, Netflix, Nordstrom, Marriott, Fisker, and more

Here are Thursday’s biggest analyst calls: Tesla, Wynn, Netflix, Nordstrom, Marriott, Fisker, and more

Adobe – Adobe stock plummeted 15% on news that it is acquiring a design software company known as Figma for about $ 20 billion in cash and stock. The company has beaten earnings estimates for the period, but shares mixed guidance for the current quarter.

Oracle – Shares of the software company fell another 2%, extending the sell-off by 5% from the previous session on weak earnings. Oracle’s earnings were $ 1.03 per share, adjusted, compared to the $ 1.07 per share expected by analysts, according to Refinitiv. Its revenue met expectations, however.

Railway shares: Some railway shares have risen following the announcement of a last-minute agreement attempt between the railway companies and unions representing their workers. Union Pacific and Norfolk Southern were up 1.6% and just under 1% respectively. CSX Corp. fell more than 2% despite the tick in extended trading before the bell.

Wynn Resorts – Shares were up 8% after Credit Suisse updated Wynn Resorts to outperform, saying the casino’s stock could nearly double after the hotel’s convention center expansion in Las Vegas.

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“Buy Now, Pay Later” Shares – Shares in major “Buy Now, Pay Later” stocks slipped on the back of a Consumer Financial Protection Bureau report calling for more oversight in the industry. PayPal and Affirm Holdings both fell by less than 1%, while Block’s shares were up nearly 2%.

Fisker – The electric vehicle maker’s share price jumped 3.6% after Needham started hedging Fisker with a buy rating as demand for electric vehicles accelerates. Tesla shares were up about 1% due to an upgrade to an underperform hold rating.

Humana – Humana’s stock rose nearly 7% after that increasing its earnings guide for the fiscal year. The health insurance company also announced this a new addition to its board of directors.

Nordstrom – The department store stock gained 2% after Jefferies upgraded it to a buy rating. The company said in a note to customers that Nordstrom is better positioned than some of its peers in a recession.

Deckers Outdoors – Shares of Deckers Outdoor were up more than 2% after Wedbush updated the footwear company to outperform, saying in a note to customers that it is well positioned to overcome a tough retail environment.

Danaher – Shares in the medical technology company were up about 1% a day after the announcement spin-off plans for its Environmental and Applied Sciences unit.

NextEra Energy – NextEra Energy dropped just under 3% the day after the alternative energy company said it plans to sell $ 2 billion in stock.

Arconic Corp – Shares in the manufacturing company plummeted nearly 15% after Arconic cut its full-year forecast due to rising energy costs in Europe and falling demand.

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Duckhorn Portfolio – Shares of the winemaker fell 8% after being downgraded from JPMorgan to neutral from overweight. JPMorgan said he still likes Duckhorn, calling the company’s long-term and operational performance track record since its initial public offering “impressive”. However, the company fears that Duckhorn’s guide will disappoint.

– CNBC’s Alex Harring, Michelle Fox, Yun Li and Sarah Min contributed to the report.

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