Stocks making the biggest moves midday: Ford, Cisco Systems, Applied Materials, StubHub, Coinbase & more

Here are some of the companies making headlines in midday trading. Bitcoin-linked stocks – Share of companies related to bitcoin rose as the Senate Banking Committee met to discuss legislation that would create a regulatory framework for cryptocurrencies. Bitcoin rose 2%, while Coinbase jumped nearly 9%. Bitcoin treasury company Strategy popped 7%, and trading platform Robinhood rose 6%. Starbucks – The coffee chain jumped 2% after TD Cowen raised its rating to buy from hold, and its price target to $120 from $106. "Starbucks has numerous tangible drivers to deliver positive sales revisions in a strong category backdrop," analyst Andrew Charles said Thursday in a note to clients. Ford Motor – Shares of the automaker rose 7%, adding to its 13% advance Wednesday. Morgan Stanley highlighted its energy storage business and its relationship with battery manufacturer CATL. "We find that investors are overlooking this opportunity and its potential to drive improved profitability within Ford's Model e segment," analyst Andrew Percoco wrote in a Tuesday report. Barclays said Thursday that Ford Energy "could be an incremental $3bn revenue, $300-500mn EBIT opportunity." Applied Materials — The semiconductor equipment manufacturer rose about 2% ahead of fiscal second-quarter results. Analysts surveyed by FactSet are calling for earnings of $2.66 per share on revenue of $7.68 billion. They also expect revenue from the company's Semiconductor Systems unit to reach $5.83 billion. …