See the companies making headlines in midday trading: Humana, UnitedHealth Group — Shares of health care insurers as a group rose Monday as the prospect of Donald Trump winning this year’s presidential election raised hopes for a reduction in cost pressures. Shares of Humana and UnitedHealth Group rose about 1% each. Wolfe Research on Monday also named Humana as a potential beneficiary of a Republican win. Trump Media & Technology — Shares jumped about 29% as investors reacted to the attempted assassination of former President Trump on Saturday, which increased the belief that Trump will win this year’s presidential election. Trump Media is the parent company of the social media platform Truth Social. Macy’s — Shares fell 12% after the department store ended negotiations with Arkhouse and Brigade, which wanted to buy Macy’s for about $6.9 billion and take it private. Sturm, Ruger & Company, Smith & Wesson — Shares of gun makers rose after Saturday’s shooting at a Trump rally. Sturm, Ruger & Company shares rose 7%, while Smith & Wesson jumped 10%. Gun stocks tend to rise after mass shootings, as investors bet that people will buy more firearms out of fear that availability will become more restricted. SolarEdge Technologies — Shares fell 13% after the solar company announced plans to lay off 400 employees in an effort to restore profitability as revenues decline. Other solar stocks also fell in tandem. Sunrun, Sunnova Energy and NextEra Energy lost 11%, 9% and 5%, respectively. Goldman Sachs — Shares advanced 1% after the bank reported second-quarter earnings beat. Goldman reported earnings of $8.62 per share on revenue of $12.73 billion, while analysts polled by LSEG expected earnings of $8.34 per share on revenue of $12.46 billion. Cryptocurrency stocks surged as investors increased their bets on a Trump election win, which they expect would benefit cryptocurrencies. The Republican nominee has recently expressed a positive view of the asset class. Coinbase added nearly 13%, while Marathon Digital and MicroStrategy gained 16% and 15%, respectively. Bitcoin also rose above $63,000 on Monday, providing further support to the stock. Apple — Shares of the iPhone maker rose 2% after Loop Capital upgraded Apple to buy, saying the company’s upcoming and future AI integrations could allow it to become the “base camp” of choice for consumers in AI. Bloomberg News also reported that Apple’s annual sales in India grew to a record $8 billion in the 12 months ended March a year earlier. Baxter International — Shares of the medical products company lost 3% after Morgan Stanley downgraded it to underweight from equal weight. The firm said Baxter has limited upside despite trading at its lowest level in nearly a decade. Tesla — The electric car stock added nearly 5%, extending its gain of more than 31% this month. — CNBC’s Hakyung Kim, Sarah Min, Lisa Kailai Han and Michelle Fox contributed reporting.
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