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Stocks making the biggest moves midday: Ford, Las Vegas Sands, Nvidia, Kraft Heinz and more

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2022 Ford F-150 Lightning all-electric trucks during a launch event at the Rouge Electric Vehicle Center in Dearborn, Michigan, U.S., on Tuesday, April 26, 2022.
Emily Elconin | Bloomberg | Getty Images

Check out the companies making headlines in midday trading.

Ford MotorGeneral Motorsdowngraded both stocks. The firm lowered Ford to a sell rating from neutral and cut GM to a neutral from a buy. The auto industry is moving toward vehicle oversupply following three years of unprecedented pricing power, UBS said.

Casino stocks — Shares of hotel and casino companies were the top decliners in the S&P 500, with Wynn ResortsLas Vegas SandsMGM Resorts

Kraft Heinz J.M. SmuckerConagra BrandsCampbell Soup

Rivian Automotivenearly all of its vehicles due to a possible issue of a loose fastener that could make a driver lose steering control.

Nvidia

Five9

PPG Industries

Merckupgraded Merck to buy from neutral. Guggenheim said in a note that the growth for top drugs Keytruda and Gardasil is “very positive” and that there is reason to be confident in Merck’s development pipeline.

Robinhoodreiterated Robinhood as underweight. The Wall Street firm said it’s sticking with its negative rating but expects that revenue could be slightly better than expected in the third quarter.

Etsyinitiating the stock as a buy because of its resilient business model and opportunities for growth.

— CNBC’s Yun Li, Jesse Pound, Alex Harring, Sarah Min and Michael Bloom contributed reporting

Rivian shares slump after the company announced a big recall

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