XNCR - Hot Stocks: GM liked by Engine No. 1; F sales; LUV upgrade; XNCR collabs with JNJ

A couple of giant automakers showed strength in Monday's midday action. General Motors (NYSE:GM) advanced on an investment by high-profile hedge fund Engine No. 1, while Ford (NYSE:F) climbed following the release of its monthly sales figures. Elsewhere in the market, Southwest Airlines (NYSE:LUV) also posted gains in intraday action. An analyst upgraded generated buying interest in shares of the airlines. Meanwhile, Xencor (NASDAQ:XNCR) was another midday gainer. The stock rallied on a collaboration deal with Johnson & Johnson (NYSE:JNJ). On the other side of the ledger, shares of Owlet (NYSE:OWLT) tumbled after the company came under regulatory scrutiny. Gainer General Motors (GM) received a boost after activist hedge fund Engine No. 1 announced that it has acquired a stake in the automaker. The firm, which came to prominence by winning three seats on Exxon Mobil's (NYSE:XOM) board, made the investment in support of the firm's EV strategy. In another

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Hot Stocks: GM liked by Engine No. 1; F sales; LUV upgrade; XNCR collabs with JNJ