Target, Expedia, Generac, and Catalent soar at midday with strong market moves!
  • November 17, 2023 7:26 pm
  • Ayush Rawal
  • 0

Stocks Making the Biggest Moves Midday:

The midday trading session has seen significant movement in several key stocks. From positive earnings reports to industry news, here are the stocks making the biggest moves today:

Target Corporation (TGT): Up 5.8%

Target Corporation (TGT) saw a notable uptick in midday trading following the release of its better-than-expected quarterly earnings report. The retail giant posted a 6% increase in comparable sales, which topped analysts’ estimates. The company also raised its full-year earnings forecast, citing strong demand for its home goods and apparel categories. Investors reacted positively to the news, driving TGT’s stock price up by 5.8% by midday.

Expedia Group Inc. (EXPE): Down 3.2%

Expedia Group Inc. (EXPE) experienced a drop in its stock price during midday trading after announcing that it would be cutting approximately 3,000 jobs as part of a restructuring effort. The travel company has been grappling with reduced travel demand amid the ongoing pandemic, and the workforce reduction is aimed at streamlining operations and reducing costs. The news of the layoffs led to a 3.2% decline in EXPE’s stock price by midday.

Generac Holdings Inc. (GNRC): Up 8.1%

Generac Holdings Inc. (GNRC) saw a significant surge in its stock price during midday trading following the release of its strong quarterly earnings report. The manufacturer of backup power generation products reported a 33% increase in sales, driven by heightened demand for its home standby generators. The company also raised its revenue and earnings guidance for the full year, citing favorable industry trends and robust customer demand. GNRC’s stock price jumped by 8.1% by midday.

Catalent Inc. (CTLT): Down 2.5%

Catalent Inc. (CTLT) experienced a decline in its stock price during midday trading after announcing the pricing of its public offering of common stock. The global provider of advanced delivery technologies and development solutions set the offering price at a slight discount to its previous close, which led to a dip in its stock price. The company intends to use the proceeds from the offering for general corporate purposes, including potential acquisitions and capital expenditures. CTLT’s stock price fell by 2.5% by midday.

Industry News Impacting Stocks:

Aside from company-specific news, several broader market trends and industry developments have also influenced stock movements during midday trading.

Amid ongoing uncertainties surrounding the global economy and the COVID-19 pandemic, investors are closely monitoring the Federal Reserve’s upcoming Jackson Hole Symposium. The annual gathering of central bankers could provide insights into the Fed’s monetary policy stance and its plans for potential tapering of asset purchases. Any hints of policy changes could impact stock prices across various sectors.

Furthermore, the latest developments in the ongoing U.S.-China trade tensions continue to weigh on investor sentiment. Recent reports suggest that the two countries are struggling to make progress in resolving their trade disputes, raising concerns about the potential for further tariffs and retaliatory measures. As such, stocks with significant exposure to international markets are particularly vulnerable to fluctuations based on trade-related news.

Additionally, the upcoming release of key economic data, including the latest jobless claims and housing market indicators, is expected to provide further insights into the health of the U.S. economy. Any surprises in the data could prompt market volatility and impact stock prices.

Overall Market Performance:

In broader market trends, major stock indices were relatively mixed during midday trading. The S&P 500 and the Dow Jones Industrial Average both hovered near their previous closing levels, reflecting a cautious sentiment among investors. Meanwhile, the tech-heavy Nasdaq Composite exhibited slight gains, driven by strength in select technology and consumer discretionary stocks.

Looking ahead, market participants are closely anticipating the release of the minutes from the Federal Reserve’s latest monetary policy meeting, which could provide valuable clarity on the central bank’s outlook and potential policy shifts. In the absence of major market-moving catalysts, investors are likely to remain attentive to company-specific news and earnings reports for direction.


The midday trading session has witnessed significant movement in several key stocks, driven by a combination of earnings reports, industry news, and broader market trends. From positive earnings surprises to workforce reductions and public offerings, companies across various sectors have experienced notable stock price fluctuations.

As investors continue to navigate through uncertainties surrounding the global economy, ongoing trade tensions, and potential policy changes by central banks, stocks are expected to remain sensitive to a wide range of market-moving developments. With the release of key economic data and the upcoming Jackson Hole Symposium, market participants are poised for continued volatility in the days ahead.