Check out the companies making the biggest moves at noon:
Hertz – Shares of the rental car company rose 1.9% after the company announced a partnership with BP’s electric vehicle charging unit, which will provide thousands of charging stations at Hertz locations. Many of the stations will be used to charge Hertz’s growing fleet of electric vehicles, but some will be available for public use.
Keurig Dr Pepper — The beverage company fell about 3% after being downgraded from a buy to a neutral rating by Goldman Sachs. The company sees increased risk to Keurig’s margins as commodity inflation remains elevated.
Lucid – Electric vehicle stock rose 1.4% on Tuesday after Cantor Fitzgerald began reporting on Lucid with an overweight rating. The investment firm said in a note to clients that Lucid’s cars have a competitive edge over rivals in greater battery range and faster charging.
Tesla – Tesla shares rose nearly 1% after a report from Electrek that the electric-vehicle maker expects a “very high volume” of vehicle deliveries by the end of the quarter. Ark Invest’s Cathie Wood told CNBC on Tuesday that she stands by her bullish call on Tesla, saying, “Our confidence couldn’t be greater as we see the movement towards electric vehicles accelerating.”
Ford Motor — Ford shares slipped about 2% after the automaker said it will invest $700 million in new investments and create 500 additional hourly manufacturing jobs in Kentucky. The investment will support an all-new F-Series Super Duty pickup truck, the company said in a press release.
FLEETCOR Technologies — Shares of the global payments services provider lost nearly 3% in midday trade. Fleetcor announced Monday that its chief financial officer is leaving the company after 22 years.
Moderna — Moderna shares rose nearly 2% in midday trade, a day after the Food and Drug Administration approved five more batches of the pharmaceutical company’s updated Covid booster shot, which were manufactured at a Catalent facility in Indiana. On Friday, Moderna asked the FDA to approve its Omicron shots for children ages 6 to 17.
Cruise Ships – Cruise ship stocks were the leading outperformers in the S&P 500 after it was announced that Canada would lift Covid-19 travel restrictions from next month. Royal Caribbean and Norwegian Cruise Line Holdings were up about 1.8% and 2.3%, respectively. Carnival gained more than 1%.
Energy Stocks – Oil prices rose from a nine-month low on Tuesday, pushing energy stocks higher. Valero Energy, Marathon Petroleum and Phillips 66 were up more than 2%. Exxon Mobil and Baker Hughes were up more than 1%.
– CNBC’s Sarah Min, Jesse Pound and Alex Harring contributed coverage.