PayPal, Generac, Dave & Buster and more

Check out the companies that own the noon trade.

Affirm, Amazon: Affirm’s shares soared more than 40% after the company that paid now announced a partnership with Amazon. The e-commerce giant is partnering with Affirm for its first partnership with a pay-as-you-go player on Amazon’s site. Shares of Amazon rose more than 2%.

Globalstar, Apple – The satellite services company saw shares rise by around 43% in a report that Apple’s iPhone, which will be launched in the fall, will support satellite communications, which will allow customers to call and send satellite messages. Apple has an existing satellite phone network of 24 satellites in low Earth orbit. Securities analyst Ming-Chi Kuo said Globalstar is more likely to partner with Apple.

Baxter International, Hill-Rom – Baxter International, the healthcare maker, saw its shares rise 3.5% after the Wall Street Journal reported it was in advanced talks to acquire medical technology provider Hill-Rom in a potential $ 10 billion deal, which is about $ 150 Share. Shares of Hill-Rom were $ 132.90 at the close of trading on Friday. More than 10% were concentrated on Monday.

Generac: The shares of the battery security company rose 2.8% after Bank of America reiterated the shares as a purchase. Hurricane Ida, which has become the fifth-largest hurricane to hit the U.S. mainland, could “serve as a positive catalyst” for the company over the next 30 days, the analyst said. Generac shares have risen over the past eight sessions, benefiting from increases in demand related to weather disruptions.

NetEase – Shares of Chinese gaming giant NetEase fell nearly 5% after China’s National Press and Publications Administration released a new rule for children and teens under the age of 18 in China, which limited its online play time at just three hours a week. The agency billed the rules as a way to safeguard the physical and mental health of children.

PayPal, Robinhood: PayPal shares rose more than 4% in a CNBC report exploring a stock trading platform for its U.S. customers as it faces growing competition from Square, Robinhood and other brokers and financial superapps. Robinhood fell by about 3%.

Capital One: Capital One shares fell more than 4% after Baird downgraded the shares to a lower than neutral rating. According to Baird, the good news already has a price after this year’s mass rally. “After being blown away at COF throughout 2020 and most of this year, we now believe that risk compensation / stock reward is reduced downwards, and we recommend taking profits here,” the firm said in a note.

Weber: The shares of the grid maker rose 1.5% after the company received positive endorsements from Wall Street analysts. Goldman Sachs and Bank of America began hedging with buy ratings and JP Morgan Securities valued the stock’s overweight, citing Weber’s leadership position as well as pricing power. The company went public earlier this month.

Dave & Buster’s: Dave & Buster’s shares fell more than 5% after Stifel downgraded the shares to a hold rating on a purchase. According to Stifel’s analysis of mobile location data, trends in informal visits have slowed amid high Covid cases.

Zoom Video: Shares of the video conferencing company rose about 1% on Monday ahead of Zoom’s second-quarter earnings report. The company will post its latest results after the bell.

– CNG’s Maggie Fitzgerald, Hannah Miao, Jesse Pound and Yun Li contributed to the communication