Stocks making the biggest moves midday: 3M, Dexcom, Sweetgreen, Texas Roadhouse and more

Here’s a rundown of businesses making waves in midday market action:

3M saw a massive jump of over 18% to reach a one-year peak following impressive quarterly results that beat forecasts, pushing its stock through the roof.

Dexcom took a hit with a 40% drop in stocks after its second-quarter revenue fell short of predictions and the medical device manufacturer had weak full-year guidance.

Coursera enjoyed a considerable rise of 37.8% after its Q2 revenue beat analyst estimates. However, it reported losses per share.

Newell Brands experienced a sizable surge of 38.8% following an earnings announcement that exceeded predictions, despite slightly lower-than-expected revenue.

Deckers Outdoor’s stock boosted 7.8% after it exceeded expectations for its fiscal first-quarter financial report, thanks to successful brands Uggs and Hoka.

Boston Beer’s stocks leaped 3.6% despite a weak second quarter, reaffirming its outlook for full-year earnings per share.

The stocks of Mohawk Industries soared 17% on impressive adjusted earnings in the second quarter, with additional cost-cutting plans expected to generate significant annual savings.

Bristol Myers Squibb’s stocks enjoyed a nearly 9% surge after impressive second-quarter results on both earnings and revenue, partly due to its popular drug, Eliquis.

Railroad operator Norfolk Southern’s shares gained 10% after it beat Q2 earnings estimates, and revenue was as expected.

WW International faced an 11.7% drop following a downgrade by Morgan Stanley.

Charter Communications enjoyed a 15% rise after its Q2 revenue outperformed analyst estimates.

On the crypto market, Coinbase’s stock rose 3.7% following an increase in Bitcoin.

Southwest Airlines took a hit with a 2.7% drop in its stock following a downgrade by Deutsche Bank and a reported profit slide in the second quarter.

DoorDash experienced a 3.7% boost after Redburn Atlantic initiated coverage with a ‘buy’ rating.

The real estate investment trust, Alexander & Baldwin’s stocks, climbed 8% after beating Q2 expectations, with Piper Sandler upgrading its rating.

First Solar gained 5% as Guggenheim maintained its buy rating, expecting the company to benefit from the upcoming election.

Sweetgreen stocks rallied at 5% following Oppenheimer’s reiterated recommendation as a top pick.

FTAI Aviation experienced an uptick of 6.6%, following an upgrade by Stifel.

Restaurant chain, Texas Roadhouse, saw a rise of 4.4% after it outperformed second-quarter earnings expectations.

Lastly, Colgate-Palmolive enjoyed a 4.4% increase on stronger-than-expected earnings in the second quarter.