Super Micro Computer, Starbucks, Snap, Visa, Tesla: Why These 5 Stocks Are On Investors' Radars Today
On Tuesday, major U.S. indexes closed higher, with the Dow Jones Industrial Average climbing 0.75% to 40,527.62, the S&P 500 rising 0.6% to 5,560.83, and the Nasdaq adding 0.55% to finish at 17,461.32.
These are the top stocks that gained the attention of retail traders and investors throughout the day.
Super Micro Computer Inc. (NASDAQ:SMCI)
Super Micro Computer’s stock declined by 3.41%, closing at $36. The stock reached an intraday high of $37.29 and a low of $35.94. Its 52-week high and low are $101.40 and $17.25, respectively. The company reported weak preliminary third-quarter results, attributing the decline to delayed customer platform decisions that shifted sales to the fourth quarter. The company expects third-quarter revenue of $5.4 billion to $4.6 billion, which is lower than the previous guidance of $5 billion to $6 billion.
Starbucks Corp. (NASDAQ:SBUX)
Starbucks shares rose by 1.13%, closing at $84.85. The stock’s intraday high was $85.07, with a low of $83.20. Its 52-week high and low are $117.46 and $71.55, respectively. Despite missing second-quarter earnings estimates, the CEO expressed optimism, stating, “I see more opportunity than I imagined.” Second-quarter revenue came in at $8.76 billion, missing the analyst estimates of $8.56 billion. In the after-hours trading, Starbucks shares declined by 6.5% to $79.33.
Snap Inc. (NYSE:SNAP)
Snap’s stock increased by 2.94%, closing at $9.09. The stock hit an intraday high of $9.23 and a low of $8.82. Its 52-week high and low are $17.33 and $7.08, respectively. The company reported first-quarter results, surpassing estimates, but the stock slid due to uncertainty despite reaching 900 million users. In the after-hours trading, shares fell sharply by over 14.4% to $7.78. Revenue for the first quarter was reported at $1.36 billion, beating the Street consensus of $1.35 billion.
Visa Inc. (NYSE:V)
Visa’s stock rose by 1.19%, closing at $341.52. The stock’s intraday high was $342.27, with a low of $336.46. Its 52-week high and low are $366.54 and $252.70, respectively. The company’s second-quarter earnings exceeded expectations, reporting earnings of $2.76 per share, which beat the consensus estimate of $2.68.
Tesla Inc. (NASDAQ:TSLA)
Tesla’s stock climbed by 2.15%, closing at $292.03. The stock reached an intraday high of $293.32 and a low of $279.47. Its 52-week high and low are $488.54 and $157.40, respectively. Despite a challenging year for shareholders, short sellers have profited significantly from Tesla’s slump, earning $11.5 billion.
Visa or MasterCard. Get the full picture on both stocks with Benzinga Edge Stock Rankings.
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal