Check out the companies making the biggest moves this midday: Oil stocks — Shares of major U.S. oil companies soared as they are seen as beneficiaries of the country’s rebuilding of its energy infrastructure following the U.S. operation in Venezuela that led to the arrest of Venezuelan leader Nicolás Maduro. Chevron, which already has a presence there, rose 5%, and Exxon Mobil rose 2%. Oilfield services giant Halliburton soared 11%. Coinbase — The cryptocurrency exchange rose 7% after Goldman Sachs upgraded it from neutral to buy. “COIN’s scale and brand recognition continues to drive above-average revenue growth and market share expansion, and is complemented by its best-in-class (customer acquisition costs)…and recent product rollouts that increase its competitiveness across COIN, particularly in new structural growth products,” the bank wrote. Okta — The access management platform company’s stock rose about 6%. Okta announced a $1 billion stock repurchase program on Monday morning, effective immediately. Arista Networks — Shares rose more than 2% after Piper Sandler upgraded the company from neutral to overweight. “Based on our research, we believe 2026 will be a ‘year of refreshment’ that will benefit hardware vendors like Arista,” the company said. Estée Lauder — The cosmetics company rose nearly 2% on strong market performance buys on the back of Raymond James Co.’s upgrade. The company also named the company one of its top picks for 2026 as it executes a turnaround. Domino’s Pizza — The pizza chain’s stock price fell more than 3% following a downgrade by TD Cowen. Analyst Andrew Charles lowered his rating on the company from buy to hold and lowered his 2026 U.S. same-store sales forecast to 2.5% from 3%, citing headwinds from weakness in the pizza delivery segment. Phillips 66 — The oil refiner rose 7% after agreeing to buy assets and related infrastructure from Lindsay Refinery for an undisclosed sum, which will be liquidated by formal receivership. The business will be integrated into Britain’s Philips’ Humber refinery Mobileye — Self-driving car technology maker Mobileye rose more than 3% after Barclays upgraded its rating from equal weight to overweight. The bank cited a “favorable” risk/reward rationale for the rating change. QXO — The roofing and construction products distributor rose 19% after securing a $1.2 billion preferred equity investment led by private equity giant Apollo. Duolingo — The language teaching app rose 7% after Bank of America upgraded it to Buy from Neutral. “We believe (Duolingo’s) value proposition as an entertainment product is not reflected in our growth projections,” BofA said in a note. Zenas BioPharma — The Massachusetts biotech company plunged more than 50% after announcing it was no longer eligible for milestone payments with Royalty Pharma Investments under a prior agreement related to its INDIGO trial for immunoglobulin G4-related diseases. —CNBC’s Michelle Fox, Scott Schnipper, Nick Wells and Darla Mercado contributed reporting.
