Midday movers: Apple, Krispy Kreme, Netflix and Western Digital rise
Investing.com -- Main U.S. indexes traded higher Friday following the release of the key monthly jobs report.
Here are some of the biggest U.S. stock movers today:
Apple (NASDAQ: AAPL) stock rose 0.8% after the iPhone maker announced it is laying off more than 600 workers in California, its first major job losses since the pandemic.
Netflix (NASDAQ: NFLX) stock rose 2.8% after Pivotal Group lifted its 12-month price target to a street high, keeping a ‘buy’ rating, citing continued solid momentum in its core business and the attractive relative value that it is offering consumers.
Johnson & Johnson (NYSE: JNJ) stock rose 0.1% after the drug giant announced it will buy medical device maker Shockwave Medical (NASDAQ: SWAV), up 2.3%, in a $12.5 billion deal.
Krispy Kreme (NASDAQ: DNUT) stock rose 5.7% after Piper Sandler upgraded its stance on the doughnut chain to 'overweight' from 'neutral’, saying its national partnership with McDonald’s (NYSE: MCD) could be a pivotal moment.
Western Digital (NASDAQ: WDC) stock rose 2% after Rosenblatt upgraded its stance on the data storage company to ‘buy’ from ‘neutral’, on strengthening NAND flash prices.
HubSpot (NYSE: HUBS) stock rose 4% after Reuters reported that Google-owner Alphabet (NASDAQ: GOOGL) has been talking to its advisers about the possibility of making an offer for the online marketing software company with a market value of $35 billion.
Advanced Micro Devices (NASDAQ: AMD) stock rose 3.8%, with the chipmaker rebounding from an over 8% fall on Thursday.
Teladoc (NYSE: TDOC) stock rose 1.8%, bouncing off an eight-year low after the telehealth provider said its long-time chief executive, Jason Gorevic, was leaving the company, effective immediately.
Additional reporting by Louis Juricic