David Solomon, CEO of Goldman Sachs & Co., speaks during the Milken Institute Global Conference in Beverly Hills, California, US, on Monday, April 29, 2019.
Kyle Grillot | Bloomberg | Getty Images
Check out the companies making headlines in midday trading.
Goldman Sachs – The bank’s shares jumped 3% after the company reported profit and revenue that beat analysts’ estimates. Goldman’s fixed-income traders generated about $700 million more in revenue than expected on “significantly higher” trading activity in interest rates, commodities and currencies.
Delta Air Lines, Boeing – Shares of Delta Air Lines jumped 5.8% on news that it is buying 100 Boeing 737 Max 10 jets, in a deal that marks Delta’s first new Boeing jet order in more than a decade. Boeing shares added 2.4% on the news.
Tesla – Shares rose nearly 4% after Deutsche Bank added the company to its short-term buy list, citing the potential for it to beat Wall Street expectations when it reports earnings. Tesla reports quarterly earnings on Wednesday.
Grab Holdings – The food delivery stock jumped 12% after JPMorgan upgraded Grab to neutral-overweight. JPMorgan described sentiment around Grab as “extremely cautious”, setting up a potential bounce if quarterly results beat expectations
Coinbase – Shares jumped nearly 15% after DNB Asset Management, a major European asset manager, bought shares in the cryptocurrency exchange. Bitcoin also jumped to a monthly high.
Energy stocks – Industrial shares rose as the price of oil jumped on fears that supply will remain tight. Natural gas also jumped 7%, adding to gains in the energy sector. Diamondbank Energy, Marathon Oil, Halliburton and Devon Energy gained about 4%. Enphase Energy jumped about 8%.
— CNBC’s Yun Li, Samantha Subin and Jesse Pound contributed reporting
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