Microsoft, Google-Parent Alphabet, Snap, Amazon, Tesla: Why These Five Stocks Are Trending Today?

U.S. stocks showcased a positive momentum on Tuesday. The Dow Jones index surged, marking an increase of over 200 points or 0.62% to 33,141.38. The NASDAQ and the S&P 500 indices also followed suit, with the former rising by 0.93% to 13,139.87 and the latter gaining 0.73% to settle at 4,247.68.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Microsoft Corp MSFT: Microsoft’s stock performance for the day showcased a rise of 0.37%, closing at $330.53 with an intraday high of $331.84 and a low of $327.6. The 52-week range stands between $366.78 and $213.43. The tech giant reported a 13% year-over-year increase in its fiscal first-quarter revenue, with Amy Hood, the executive vice president and CFO, attributing the success to consistent execution by their sales teams and partners.

Alphabet Inc GOOGL GOOG: Alphabet’s Class A stock surged by 1.69%, closing at $138.81. The intraday high and low were $139.36 and $137.42, respectively, with a 52-week range of $141.22 to $83.34. The company’s Class C stock closed 1.61% higher for the day at $140.12. The Google parent reported a revenue of $76.69 billion for the third quarter, marking an 11% year-over-year increase. Sundar Pichai, Alphabet’s CEO, expressed satisfaction with the company’s financial results and highlighted AI-driven innovations across various segments.

Snap Inc SNAP: Snap’s stock witnessed a rise of 2.32%, closing at $9.71. The intraday high touched $9.98, while the low was $9.58. The stock’s 52-week range is between $13.89 and $7.86. Snap reported better-than-expected third-quarter financial results and announced a $500 million buyback program. The company’s CEO, Evan Spiegel, emphasized their focus on improving the advertising platform and driving higher ROI for their advertising partners.

Amazon.Com Inc AMZN: Amazon’s stock performance for the day saw a rise of 1.58%, closing at $128.56. The intraday high and low were $128.8 and $126.34, respectively, with a 52-week range of $145.86 to $81.43. Analyst Aaron Kessler from Seaport initiated a Buy rating on Amazon, highlighting the company’s continued e-commerce leadership, improving profitability in retail, and expected acceleration in AWS growth.

Tesla Inc TSLA: Tesla’s stock surged by 2.09%, closing at $216.52. The intraday high reached $222.05, while the low was $214.11. The 52-week range for the stock is between $299.29 and $101.81. Recent insights have shed light on the driving range of Tesla’s upcoming Cybertruck. While exact figures remain undisclosed, a Tesla engineer hinted that the range would be comparable to or better than a Model X, which has an EPA-estimated range of 348 miles on a full charge.

Stocks Photo by Pixels Hunter on Shutterstock

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