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 Nicolas 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, while delivering best-in-class service.” [customer acquisition cost] …complemented by recent product developments that increase competitiveness in COIN in general and in new structural growth products in particular,” the bank wrote. Okta — The access management platform company’s stock soared 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 stock from neutral to overweight. “Given our research, we view 2026 as a ‘year of refreshment’ that should benefit hardware vendors like Arista,” the company said. Estée Lauder — The cosmetics company rose nearly 2% following an upgrade from Raymond James Co., which had a strong buy-to-market performance. 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 downgraded the company’s rating. Company holds off on acquisition, lowers 2026 U.S. same-store sales forecast to 2.5% from 3%, points to headwinds from weakness in pizza delivery segment – Oil refiner agreed to buy assets and associated infrastructure from Lindsay Refinery for an undisclosed sum, and agreed to split the business into Phillips’ Humber refinery in Mobileye, UK, up 7%. — The maker of self-driving car technology rose more than 3% after Barclays upgraded it from equal weight to overweight. QXO cited “favorable” risk/reward for the rating change. — The roofing and construction products distributor rose 19% after securing a $1.2 billion preferred equity investment led by private equity giant Duolingo. [Duolingo’s] 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.
