US Top News and Analysis | Stocks making the biggest moves midday: Lucid, AppLovin, Western Digital, Invesco & more

Here are some of the companies seeing the biggest moves in midday trading. AppLovin — The mobile app marketing services saw shares jump 5% on the heels of a couple bullish Wall Street reports. BTIG raised its first-quarter estimates for AppLovin to above consensus, citing "healthier sequential performance from non-gaming marketers." The firm now sees first-quarter revenue coming in at $1.82 billion, versus its earlier estimate of $1.773 billion and AppLovin's guidance of $1.745 billion to $1.775 billion. Wedbush also reiterated its outperform rating on AppLovin, highlighting the company's generative artificial intelligence advertising suite as an upcoming catalyst. Invesco — The asset manager dropped nearly 5% after BlackRock filed with the Securities and Exchange Commission to create an alternative to Invesco's lucrative QQQ Trust, an exchange-traded fund that tracks the performance of the Nasdaq-100 index. Encompass Health — The provider of post-acute healthcare services jumped more than 6% after the Centers for Medicare & Medicaid Services proposed a 2.4% rate increase for the government's fiscal year 2027 under the Inpatient Rehabilitation Facility (IRF) Prospective Payment System (PPS). Kratos Defense & Security — The defense contractor rallied 8% after Jefferies upgraded Kratos to buy from hold and instituted an $85, 12-month price target. Kratos has a $14 billion "opportunity pipeline" in weapons such as Prometheus and Hypersonics in its government solutions subsidiary, Jefferies analysts wrote, adding that the business unit "could drive > 30%" compound annual growth in 2028 earnings estimates. Boot Barn — The maker of Western-style apparel, boots and accessories rallied nearly 8% after Jefferies upgraded Boot Barn to buy from hold with a $195, 12-month price target. "Valuation has meaningfully reset (from ~24x to ~16x), while execution and underlying demand trends remain intact," analysts wrote. Elbit Systems — The defense contractor saw shares jump almost 4%. Elbit announced that it was awarded $750 million to supply its PULS rocket artillery systems to the Hellenic Armed Forces. Lucid Group — Shares of the electric vehicle company dropped more than 5%. Lucid announced late Friday that the company delivered 3,093 vehicles in the first quarter, noting that deliveries of the Lucid Gravity SUV were interrupted for 29 days because of a supplier quality issue with the second-row seats. Soleno Therapeutics — Shares surged 32% after Neurocrine Biosciences announced an agreement to acquire the company for $53 per share in cash, valuing the deal at around $2.9 billion. Neurocrine said Soleno will help expand its medicine portfolio and strengthen its position as a leader in endocrinology and rare disease. Mara, Strategy, Coinbase — Bitcoin prices were up almost 4% above $69,000 in Monday trading, bringing names with exposure to the cryptocurrency up with it. Digital asset and crypto mining company Mara was up more than 3%, while bitcoin treasury company Strategy jumped 6%. Trading platform Coinbase also rose more than 3%. Dow, LyondellBasell Industries — Downgrades by Bank of America to underperform from neutral on both companies sent their stocks lower. The bank said the chemical companies had experienced too strong performances year to date from unsustainable tailwinds due to the war in Iran. Dow and LyondellBasell declined nearly 3%. Memory stocks — A slew of names continued to rebound following a sharp sell-off that ended last week in one of the best performing groups in 2026. Sandisk added 2%, while Micron jumped nearly 4%. Western Digital was up more than 4%. Seagate Technology was up about 6% off the rally and a boost from being named a top pick by Morgan Stanley. —CNBC's Scott Schnipper and Darla Mercado contributed reporting. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds - from fi

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#lucid #applovin #westerndigital #invesco #kratosdefense

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