Check out the companies making headlines in midday trading. New Fortress Energy – Shares of the natural gas company popped 17% after New Fortress priced its underwritten public offering of roughly 46 million shares at $8.63 per share through Morgan Stanley. Deutsche Bank reduced its price target and downgraded New Fortress to sell on Tuesday, citing the pending dilution of equity and its view that the stock carries “too much risk inherent” to the company’s business model. Energy stocks – U.S. crude oil futures rose 4% on worries that Iran is preparing to attack Israel , sending shares of energy companies higher. APA Corp jumped 5%, while Halliburton added 3%. Hess and Occidental Petroleum each jumped more than 2%. Energy was the top performing sector of the S & P 500, up nearly 2%. Arcos Dorados – Shares surged more than 11% after the company told McDonald’s that it’s exercising its option to renew its master franchise agreement with the restaurant chain. The new agreement is also expected to include the option to renew for another 20 years upon expiration, beginning Jan. 1, 2045. Defense stocks – Defense stocks rose on Tuesday after the White House warned that Iran was preparing an “imminent” ballistic missile attack on Israel. Shares of Lockheed Martin and Northrop Grumman were last trading higher …
