Stocks making the biggest moves midday: Nike, Tesla, JPMorgan, American Airlines & more

Stocks making the biggest moves midday: Nike, Tesla, JPMorgan, American Airlines & more

Take a look at the stocks making notable moves in midday trading. Nike — Shares of the shoe giant popped more than 4% after Nike reported strong quarterly earnings that showed digital bets paying off. Nike reported earnings of 78 cents per share on revenue of $11.24 billion. Analyst expected earnings of 62 cents per share on revenue of $10.56 billion, according to Refinitiv. Nike's stock hit an all time high earlier in the session on Monday.Tesla – Shares of the electric vehicle company slid more than 5% during the company's first day of trading as a member of the S&P 500. Tesla joined the benchmark index prior to the open on Monday, carrying a weighting of 1.69%JPMorgan, Goldman, Morgan Stanley — Shares of U.S. big banks jumped in unison after the Federal Reserve announced Friday that it will allow the industry to resume share buybacks in the first quarter of 2021 following a second round of stress tests. JPMorgan popped 3.8%, while Goldman Sachs and Morgan Stanley rallied 6.2% and 4.5%, respectively. The announcement signaled that officials are increasingly satisfied with the amount of capital the largest U.S. banks have been able to compile over the course of 2020.American