Stocks making the biggest moves midday: Simon Property Group, American Airlines, IBM and more

SourceCNBC
SectorReal Estate
CountryGulf

— The mall operator rose 5% after Stifel the stock to buy from hold. The Wall Street firm said Simon Property Group’s recent underperformance is a good entry point into a stock that poised to rebound. Banks — Banks bounced Tuesday after taking a hit Monday as bond yields plummeted.

, and are all up more than 2% as the U.S. 10-year Treasury rose above 1.2%. Regionals are trading even higher, with Zions adding 7%, and Regions and Fifth Third adding more than 4.5%. — Shares of the space tourism company fell more than 4% after rival Blue Origin successfully completed its first manned flight with billionaire founder Jeff Bezos aboard. Virgin Galactic and its found Richard Branson completed its own inaugural flight earlier this month.  – Shares fell more than 4% after the company reported worse-than-expected earnings results. The paint and coatings maker earned an adjusted $1.94 per share for its latest quarter, falling short of analysts’ $2.19 consensus estimate. PPG also warned that input and other costs would increase during the current quarter. Airlines — The sector was among the hardest hit during Monday’s selloff, losing about 4%, but are now climbing higher and recovering their losses.Â

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