Take a look at the stocks making headlines at midday.Roku saw a near 2% dip following Citi's downgrade to a neutral rating from buy. The analysts said the streaming platform's stock, up 120% since the beginning of the year, may not have much more room to grow.related investing newsAMD shares slide despite topping projections in the most recent quarter. Read what the pros have to sayChristina Falso21 hours agoBaird declares this lesser-known industrial stock is regaining its strength and could surge 35%Pia Singh a day agoSimon Property Group shares dropped close to 6% after the company reported a decrease in funds from operations compared to the same quarter last year. During the second quarter, funds from operations totaled $2.88 per diluted share, versus the year-ago period figure of $2.91 per share.Southwest Airlines experienced a 2.5% dip as Jefferies downgraded its rating to underperform from hold. The investment firm explained that the airline has difficulty competing against larger carriers.Etsy's shares saw an almost 12% drop after it reported its quarterly results. Even though it beat earnings expectations, its guidance caused the decline.Qualcomm suffered a 9% drop. The chipmaker released adjusted revenue of $8.44 billion, lower than Refinitiv's expectations of $8.5 billion. In addition, Qualcomm gave weak guidance and indicated low smartphone chip sales.DoorDash's stock rose nearly 4% the day after it increased its annual core profit outlook. Revenue for the second quarter was $2.13 billion, beating Refinitiv's estimate of $2.06 billion. Despite the beat, the company reported a bigger loss than expected.Traeger saw a 45% increase in its stock after posting a better-than-expected report. Adjusted earnings came in at 4 cents per share on $171.5 million in revenue, outpacing FactSet's forecast of a 2 cent per-share loss and $154.9 million in revenue.Clorox shares added to earlier gains with a 9.5% surge at midday. The company surpassed earnings and revenue expectations a day earlier, with adjusted $1.67 per share and $2.02 billion in revenue instead of the expected $1.18 per share and $1.88 billion.PayPal dropped 11.3% during midday trading. The payments company's earnings were in line with what analysts predicted Wednesday, posting adjusted earnings of $1.16 per share and matching Refinitiv's expectations. However, its revenue exceeded the Street's estimates, clocking in at $7.29 billion compared to Refinitiv's prediction of $7.27 billion.Sunrun's stock rose 10% after its earnings report. On Wednesday, the company reported earnings of 25 cents a share for the second quarter, surpassing FactSet's forecast of 13 cent per-share loss.Shopify saw a 5% decrease despite beating earnings. On Wednesday, Shopify reported an adjusted 14 cents per share on $1.69 billion in revenue, higher than Refinitiv's prediction of 5 cents and $1.62 billion.EVgo's stock surged 21% the day after posting a large earnings beat. EVgo reported an 8 cent loss per share, compared to the expected 27 cent loss, according to Refinitiv. Revenue was $50.6 million, far surpassing the anticipated $29.6 million.Expedia experienced a 17% decline after its revenue was short of expectations for the second quarter. Expedia reported $3.36 billion in revenue, below Refinitiv's estimate of $3.37 billion. The company offered a soft forecast for the third quarter.Cummins stock fell more than 8% after it missed earnings in its latest report. The engine manufacturer reported earnings of $5.18 per share, excluding items, and $8.64 billion in revenue. FactSet had expected earnings of $5.25 per share and $8.39 billion of revenue.— CNBC's Alex Harring, Yun Li, Michelle Fox, Hakyung Kim, Sarah Min and Pia Singh contributed reporting.
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