Customers, some sporting PPE (private protecting tools), of a face masks or protecting as a precautionary measure towards COVID-19, queue to enter a lately re-opened Nike retailer at Gunwharf Keys buying centre in Portsmouth, southern England on June 16, 2020.Adrian Dennis | AFP | Getty ImagesCheck out the businesses making headlines in noon buying and selling. Nike — Shares of the attire big surged 8.8% on Wednesday after the corporate reported better-than-expected outcomes for its fiscal first quarter. The corporate earned 95 cents per share on $10.95 billion of income. Analysts have been anticipating 47 cents per share and $9.15 billion, based on Refinitiv. Nike reported giant development in its digital gross sales and ladies’s attire enterprise.Johnson & Johnson — Shares of Johnson & Johnson rose 0.2% after the pharmaceutical and client merchandise maker stated it started a part three trial for its coronavirus vaccine candidate. The trial will embody as much as 60,000 adults from throughout the U.S. who will likely be randomly chosen to obtain the potential vaccine or a placebo.Tesla – Shares of the electrical car firm slid greater than 10% following Tuesday’s “Battery Day.” On the widely-anticipated occasion, CEO Elon Musk gave manufacturing and manufacturing updates that included a greater than 50% discount in the price of batteries, in addition to a $25,000 car. However each are a couple of years out, and Wall Street analysts famous that execution danger stays a priority. Sew Repair – Shares of the net clothes styling firm plunged greater than 15% after a wider-than-expected loss through the fourth quarter. The corporate misplaced 44 cents per share, in contrast with the 16-cent loss analysts surveyed by Refinitiv anticipated. Income, nevertheless, topped estimates, and energetic shoppers rose 9% 12 months over 12 months.Nikola – Promoting in Nikola continued on Wednesday with shares falling one other 25%. The Wall Street Journal reported that talks between the electric-truck maker and a number of other vitality companions on hydrogen-refueling stations stalled after a latest short-seller report, which claimed that Nikola made “an ocean of lies.” Founder Trevor Milton has stepped down voluntarily as a result of elevated scrutiny. Twitter – Shares of Twitter jumped greater than 6% after Pivotal Analysis upgraded the social media platform to purchase from maintain. The Wall Street agency stated the corporate’s third-quarter earnings ought to act as a “optimistic catalyst” for the stock, citing tailwinds together with the 2021 Olympics and a possible subscription enterprise.KB Dwelling — The homebuilder stock fell greater than 7% regardless of KB Dwelling beating Wall Street expectations for earnings and income for its fiscal third quarter. KeyBanc downgraded the stock to sector weight from chubby.Peloton — Shares of Peloton climbed 0.9% after Amazon stated it did not construct the “Prime bike” that train tools maker Echelon claimed to be “Amazon’s first-ever related health product.” The launch was extensively heralded as Amazon’s first foray into the good bike market and triggered shares of Peloton to fall as a lot as 6% on Tuesday. Amazon has informed Echelon to alter the bike’s branding and to cease promoting it.Lululemon — Shares of Lululemon gained 1% after the athletic retailer introduced the corporate will restart its stock repurchase program, which was halted on account of Covid-19. Western Digital — Shares of Western Digital soared greater than 6% after the chipmaker introduced it’ll cut up its flash and laborious disk drive teams into separate enterprise items. Craig-Hallum upgraded Western Digital to purchase from maintain following the announcement. American Categorical — Shares of American Categorical fell practically 3% after Bank of America downgraded the bank card firm to underperform from impartial. Bank of America analysts stated they’re involved about “billing volumes” as journey spending is gradual to get well through the coronavirus.–CNBC’s Pippa Stevens, Jesse Pound and Fred Imbert contributed reporting.Subscribe to CNBC PRO for unique insights and evaluation, and dwell enterprise day programming from world wide.