Stocks making the biggest moves midday: Tesla, Wells Fargo, Nordstrom and more

Stocks making the biggest moves midday: Tesla, Wells Fargo, Nordstrom and more

— Shares of the electric vehicle company soared more than 10% to lead the Nasdaq Composite higher after the firm . Tesla delivered 308,600 electric vehicles in the fourth quarter of 2021, better than an estimate of 267,000. Deliveries are the closest approximation of sales reported by Tesla. — Shares of the bank jumped more than 5% after Barclays Wells Fargo to overweight. Barclays said Wells Fargo could outperform due to its positive exposure to rising interest rates and potential relief from regulators. Retailers — Reopening plays gained on Monday, lifting large retailers. Gap rose 3.8%, while Nordstrom climbed more than 5%. Macy's popped more than 6%. and Kohl's added 1.9%. — Shares of AMD rose more than 4% after Goldman Sachs . The firm said the chip stock is among the companies that will see continued strength as sector outperformance becomes more muted in 2022. Airlines — Shares of airline stocks rose in midday trading on Monday as investors looked past the rise on Covid cases. American Airlines and United Airlines gained more than 4%. Delta Air Lines and Alaska Air Group added more than 3%. Cruise lines — Cruise operators gained in midday trading on Monday with Carnival