The Spotify logo on a smartphone arranged in Saint Thomas, U.S. Virgin Islands, on Saturday, Jan. 29, 2022.
Gabby Jones | Bloomberg | Getty Images
Check out the companies making headlines in midday trading.
Wayfair — Shares of the furniture retailer jumped 24.1% on Monday after Wayfair received upgrades from multiple Wall Street firms, include a double upgrade to overweight from underweight at JPMorgan. The company announced on Friday that it would lay off about 10% of its global workforce as part of a cost-cutting plan. JPMorgan cited Wayfair management’s “newfound commitment to controlling expenses” in its upgrade note.
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Apple – Apple shares rose 3.2%, as China’s reopening gave hope to investors that it would give the tech and electronics business a lift. Morgan Stanley called the stock a top pick, saying the reopening has “important implications” for demand as well as supply.
Meta — Shares of Meta climbed 2.4% after Citi reiterated its buy rating on the…
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