Stocks making the biggest moves midday: SQ, TFC, PEP, RIVN

See which companies are making headlines in midday trading.

Skechers — The shoe company rose 1.6% after UBS reiterated a buy rating on the stock. UBS said Skechers’ brand and products “continue to resonate with customers around the world.”

Palantir Technologies — Shares of Palantir Technologies rose more than 1% after the data analytics and software company signed a $250 million contract with the U.S. Army to work to develop artificial intelligence and machine learning capabilities by 2026.

pepsico — The beverage giant rose nearly 2% after reporting third-quarter earnings Tuesday. The company reported adjusted earnings of $2.25 per share on revenue of $23.45 billion, while analysts polled by LSEG, formerly known as Refinitiv, expected earnings of $2.15 per share and revenue of $23.39 billion.

Solar Companies — Shares of solar companies rebounded on Tuesday. Invesco Solar ETF (TAN) We are having our best day since March 21st. Solar Edge added 4.8% First Solar It rose 5.4%. Sustainability-focused real estate investment trust Hannon Armstrong Baird rose 9.8%, saying the stock could rise as much as 81%.

electronic arts — Shares of the video game publisher rose 2.8% after Bank of America upgraded Electronic Arts from neutral to buy. The investment firm said EA’s rebranding of its FIFA franchise is progressing smoothly, which suggests there is room for upside for the stock.

Defense stocks — L3Harris Technologies and Northrop Grumman Both fell more than 1% on Tuesday. Defense and aerospace companies rose Monday after the Israel-Hamas war began last weekend.

rivian — Shares of the electric car maker rose 4.5% after UBS upgraded the stock to buy from neutral. Analyst Joseph Spak said the recent sale opened up an attractive entry point for investors.

Truist Financial — The stock soared more than 6%. Late Monday, Semafor reported, citing people familiar with the matter, that Truist was in talks to sell its insurance brokerage business to private equity firm Stone Point for $10 billion.

block it — Shares rose 5.2% after Bank of America reiterated a Buy rating on the settlement stock. Analyst Jason Kupferberg cited the stock’s current cheap valuation and strong fundamentals as catalysts for potential upside.

Akero Therapeutics — Shares of the biotech company fell 62.6% after its cirrhosis drug efruxifermin failed to meet primary benchmarks in a phase 2B study.

unity software — Video game software companies added nearly 1.1%. Late Monday, the company announced that John Riccitiello will resign as CEO of Unity and will no longer serve on its board of directors. The move follows controversial pricing changes that Unity announced in September. James Whitehurst becomes interim CEO of Unity.

Arm Holdings — Shares rose 2.7% on the day after several bullish forecasts for the stock. Deutsche Bank and JPMorgan were among the companies that initiated coverage of Arm Holdings with a buy rating on Monday. Both companies responded positively to the growth of semiconductor sales.

Ameris Bankov — Shares of Ameris rose 2.3% after DA Davidson upgraded the stock to buy from neutral. The company said its capital levels are healthy and appear well protected from unrealized losses from rising interest rates. DA Davidson also raised his stock price target from $1 per share to $44, which implies about a 15% upside from Monday’s close.

— CNBC’s Pia Singh, Tanaya Macheel, Jesse Pound, Michelle Fox, Lisa Kailai Han and Samantha Subin contributed reporting.