Stocks making the biggest moves midday: Johnson & Johnson, Coca-Cola, L Brands & more

— The retailer plunged more than 7% following a downgrade to underperform at Credit Suisse. The firm said the company is currently facing a "multitude of challenges," particularly when it comes to underperforming Victoria's Secret where the space "is getting more competitive by the day." The firm also downgraded Macy's and Gap to underperform.— Intuitive Surgical popped more than 6.5% after it reported quarterly profit of $3.43 per share, beating consensus estimates.

The designer of robotic surgical devices saw sales beat estimates, with procedures involving its flagship Da Vinci growing nearly 20% on a year-over-year basis. UBS raised its price target on the stock to $590 following the results, implying 11% upside from Thursday's close.— The Dow component's stock fell more than 4% on news the company is recalling baby powder after discovering traces of asbestos in it.

DIVIDEND KING TRADE 1: DATE OF TRADE: 16 SEP 2019 SYMBOL/PRICE: HEC/$21.68 NAME: HOLLY ENERGY PARTNERS YIELD: 12.3% THIS MLP STOCK WAS JUST UPGRADED BY MOODY'S, SPORTS A SAFE 12% DIVIDEND, AND JUST REAFFIRMED GUIDANCE FOR 2020. TECHNICALS: DEEPLY OVERSOLD

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