Image captured by drone) The center of the Tesla collision is seen in this aerial view of Orlando.
Paul Hennessy Lightrocket | Getty Images
Check out the companies that made headlines in Tuesday’s midday trading.
Tesla – Shares rose 5% after Moody’s upgraded Tesla to a Baa3 rating from its junk-rating credit. Moody’s called the electric vehicle maker “the most important battery electric vehicle manufacturer” and said the upgrade reflects Tesla’s prudent financial policies and management’s operational record.
The first republic, KeyCorp, US Bancorp – Regional bank stocks rebounded on Tuesday as Treasury Secretary Janet Yellen said the administration would consider backstopping deposits at other banks to protect the financial system. First Republic shares rose more than 41%, while KeyCorp added 9%. US Bancorp rose nearly 8%.
JPMorgan, Bank of America – The shares of US banks are bigger rose on Friday as investors showed increased optimism after Yellen’s speech. JPMorgan gained about 3% and Bank of America rose 3.5%.
Foot Locker – Foot Locker gained 6% after Citi upgraded the retailer’s stock to buy from neutral following an investor day on Monday. The company says the company’s move away from malls and into digital, kids and loyalty projects is the right move.
Harley-Davidson – Shares of Harley-Davidson rose more than 5% after Morgan Stanley upgraded the motorcycle maker and said a focus on its core business could lift shares more than 30%. Jefferies also updated the stock, saying the company’s risks and rewards are more balanced after the recent decline.
UBS – US shares of the Swiss-based bank gained 12% in midday trading after an agreement over the weekend to buy Credit Suisse for $3.2 billion. Credit Suisse rose 5% after taking a nearly 53% plunge on Monday.
Roblox – Shares rose more than 3% after DA Davidson said the online gaming platform has an “underappreciated” opportunity in Artificial Intelligence.
Emerson Electric Kab – Shares added almost 2% after Morgan Stanley said the shares of the multinational technology company are too attractive to ignore. The company upgrades the stock to overweight from equal weight.
Exxon Mobil – The oil and gas giant’s share price gained 3% after Morgan Stanley said it was pleased with the company’s “competitive position”.
– CNBC’s Alex Harring, Jesse Pound, Tanaya Macheel and Michelle Fox Theobald contributed reporting.