{"id":42911,"date":"2023-08-01T04:19:55","date_gmt":"2023-08-01T08:19:55","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/midday-movers-sofi-technologies-johnson-johnson-wayfair-and-more\/"},"modified":"2023-08-01T04:19:57","modified_gmt":"2023-08-01T08:19:57","slug":"midday-movers-sofi-technologies-johnson-johnson-wayfair-and-more","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=42911","title":{"rendered":"Midday movers: SoFi Technologies, Johnson &#038; Johnson, Wayfair and more"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>Investing.com &#8212; U.S. stocks were edging higher on Monday as a deluge of earnings from tech giants and other megacap companies are expected this week.<\/p>\n<p>Here are some of the biggest U.S. stock movers today:<\/p>\n<ul>\n<li><strong>SoFi Technologies<\/strong> (NASDAQ:) stock surged 18% after the online personal finance company easily beat revenue expectations in its , while reporting a narrower-than-expected loss.<\/li>\n<li>\n<p><strong>Walmart<\/strong> (NYSE:) stock dipped 0.4% after the Wall Street Journal reported that the retail giant has further cemented its interest in Flipkart through a $1.4 billion purchase of shares from a major investor in the Indian e-commerce group.<\/p>\n<\/li>\n<li>\n<p><strong>Johnson &amp; Johnson<\/strong> (NYSE:) stock fell 3.9% after a U.S. judge dismissed the drugmaker&#8217;s second attempt to resolve tens of thousands of lawsuits over its talc products.<\/p>\n<\/li>\n<li>\n<p><strong> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Chevron <\/span><\/span> <\/strong> (NYSE:) stock rose 2.8% after Goldman Sachs upgraded its stance on the oil major to \u2018Buy\u2019 from \u2018Neutral\u2019, seeing the potential for strong future growth.<\/p>\n<\/li>\n<li>\n<p><strong>Adobe<\/strong> (NASDAQ:) stock rose 3.6% after Morgan Stanley upgraded the computer software company to \u2018Overweight\u2019 from \u2018Equal weight\u2019, citing potential upside from Generative AI.<\/p>\n<\/li>\n<li>\n<p><strong> <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Carvana <\/span><\/span> <\/strong> (NYSE:) stock fell 4.1% after Jefferies downgraded the online used car retailer to \u2018Underperform\u2019 from Hold\u2019, saying the company\u2019s current tailwinds aren\u2019t sustainable.<\/p>\n<\/li>\n<li>\n<p><strong>Wayfair<\/strong> (NYSE:) stock rose 5.7% after Piper Sandler upgraded the e-commerce company to \u2018Overweight\u2019 from &#8216;Neutral&#8217;, citing improving sales, rising market share, and an attractive valuation.<\/p>\n<\/li>\n<li>\n<p><strong>Quest Diagnostics<\/strong> (NYSE:) stock fell 0.4%% after the medical laboratories company launched the first direct-to-consumer blood test to detect abnormal levels of beta amyloid, a key Alzheimer&#8217;s protein.<\/p>\n<\/li>\n<\/ul>\n<p>&#8212;<em>Peter Nurse contributed to this report <\/em><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/walmart-chevron-adobe-rise-premarket-johnson--johnson-carvana-fall-3139167\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Investing.com &#8212; U.S. stocks were edging higher on Monday as a deluge of earnings from tech giants and other megacap companies are expected this week. Here are some of the biggest U.S. stock movers today: SoFi Technologies (NASDAQ:) stock surged 18% after the online personal finance company easily beat revenue expectations in its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":42912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-42911","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midday movers: SoFi Technologies, Johnson &amp; Johnson, Wayfair and more | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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