© Reuters
By Sam Boughedda
Investing.com -- U.S. stocks are trading mixed Monday midday, with the Dow and S&P 500 down and the Nasdaq up by just 0.04%. Here are the midday movers on May 2nd.
Roku Inc (NASDAQ:ROKU) stock is up more than 6.8% Monday. The company revealed that the Apple Music app is now available on the Roku platform. In addition, last week, Roku reported earnings that beat analyst expectations.
Global Payments (NYSE:GPN) has fallen over 12% after it reported earnings before the bell. The company beat earnings expectations, but revenue came in at $1.95 billion, just under the $1.96 billion forecasted by analysts polled by Investing.com.
Activision Blizzard (NASDAQ:ATVI) is up just under 3% on the news that Warren Buffett revealed Berkshire Hathaway (NYSE:BRKa) had increased its stake in the video game firm.
Chinese EV makers Nio (NYSE:NIO), Xpeng (NYSE:XPEV), and Li Auto (NASDAQ:LI) are all trading higher around midday, despite reporting lower delivery numbers in April due to supply chain issues resulting from Covid-related lockdowns in China.
Amazon.com (NASDAQ:AMZN) is down over 3%, adding to last week's earnings-related decline. On Monday, the tech powerhouse was also removed from Wedbush's 'Best Ideas List.'
Nikola Corp (NASDAQ:NKLA) announced that an institutional investor has agreed to make a $200 million investment in the company via the purchase of convertible senior notes. Nikola shares have declined 5.1%.
