Today's Morning Movers and Top Ratings: TSLA, AVGO, NEP, GLW and More

$Tesla(TSLA.US)$ Shares surged 7% as CEO Elon Musk confirmed that his $56 billion pay package and the proposal to relocate the company's incorporation to Texas were poised to pass in a shareholder vote.

$Broadcom(AVGO.US)$ Shares soared nearly 14% after the company reported earnings and revenue that exceeded expectations and announced a 10-for-1 stock split. Adjusted earnings per share for the fiscal second quarter were $10.96, surpassing the $10.84 analysts had forecast, with revenue reaching $12.49 billion against the anticipated $12.03 billion.

$Kimberly-Clark(KMB.US)$ The stock of the consumer packaged goods company climbed 2.2% following a double upgrade to buy from Bank of America, with the firm suggesting the company could be on the cusp of structural changes.

$Dave & Buster's Entertainment(PLAY.US)$ Shares of the entertainment and restaurant chain dipped 10% after the company reported first-quarter revenue of $588 million, falling short of the expected $621 million.

$Oxford Industries(OXM.US)$ Shares fell 4% due to an earnings report that didn't meet expectations. The parent company of Tommy Bahama recorded adjusted earnings of $2.66 per share on $398.2 million in revenue, below the forecasted $2.68 per share and $404.8 million. Additionally, the guidance for the upcoming quarter and the full year was less optimistic than what Wall Street had anticipated.

$Virgin Galactic(SPCE.US)$ The space tourism company's shares declined 8.5% after the board approved a 1-for-20 reverse stock split, with its stock trading below $1.

$NextEra Energy Partners LP(NEP.US)$ Shares dropped 3.2% as a result of Barclays downgrading the company to underweight from equal weight, citing persistent overhangs related to convertible equity portfolio financing.

$Corning(GLW.US)$ Shares edged down around 1% after Morgan Stanley downgraded the stock to equal weight from overweight, pointing to a more balanced risk-to-reward ratio following the stock's notable rally earlier in the year.