IONQ, WFC, BK are the top movers in the stock market during midday trading.

Top Stocks to Watch in Midday Trading

Quantum Computing Stocks Surge

• Quantum computing stocks are on the rise after Microsoft unveiled its quantum-ready plan, with Nvidia also announcing a quantum day at its annual GTC conference. Companies like Rigetti Computing, D-Wave Quantum, and IonQ saw significant gains.

Beacon Roofing Supply Acquisition

• Beacon Roofing Supply shares jumped over 10% after QXO proposed to acquire the company for $124.25 per share in cash, with a total transaction value of $11 billion.

Wells Fargo Posts Strong Earnings

• Wells Fargo shares soared nearly 6% following better-than-expected adjusted earnings and strong guidance on net interest income for 2025.

Goldman Sachs Beats Expectations

• Goldman Sachs saw a 5% increase in its stock price after exceeding analysts’ expectations in its latest quarterly results.

Citigroup Reports Strong Fourth-Quarter Results

• Citigroup shares climbed over 7% after reporting better-than-expected fourth-quarter earnings.

BNY Mellon Tops Wall Street Expectations

• Bank of New York Mellon shares gained 6% after reporting fourth-quarter earnings that surpassed Wall Street expectations.

Other Stocks in the News

JPMorgan Chase

• JPMorgan Chase shares rose 2% on strong fourth-quarter results, driven by solid performances in fixed income and investment banking businesses.

BlackRock

• BlackRock’s stock added 4.7% after the asset manager posted a fourth-quarter earnings beat.

CBRE Group

• Shares of CBRE Group advanced nearly 5% after Morgan Stanley upgraded the real estate stock to overweight.

Calavo Growers

• The avocado distributor saw a 7% decrease in its stock price after posting results for the fiscal fourth quarter and full year.

Contributions from Alex Harring, Samantha Subin, Yun Li, Pia Singh, and Michelle Fox.