Trevor Milton CEO of Nikola
Massimo Pinca | Reuters
Check out the companies making headlines in midday trading.
Facebook, Amazon, Apple, Netflix, Alphabet, Microsoft — Shares of the group known as “FAANGM” rose broadly as tech tried to build on its solid gains from the previous session. Facebook and Alphabet were both up at least 2%. Netflix popped more than 4%, helped by a new overweight rating from KeyBanc.
Tesla – Shares jumped 7.2%, building on Monday’s 12.6% rise, and were on pace for their fifth straight day of gains. The move higher comes after Tesla dropped 10.9% last week after S&P Dow Jones Indices decided against adding the electric automaker to the S&P 500.
Lennar — The homebuilding stock sank 3.9% after the company reported its third-quarter results. Lennar beat estimates on the top and bottom lines and raised guidance. Wedbush, which has an outperform rating on the stock, said the results for order growth may cause short-term pressure for the stock.
Roku – Shares…