PayPal, Roku, Airbnb, Etsy, Tesla: Why These 5 Stocks Are On Investors' Radars Today

The stock market showed positive momentum as trading came to a close, with major indices reflecting optimism among investors. The Dow Jones Industrial Average rose by 0.67%, settling at 33.274.58, while the NASDAQ Composite saw a more significant increase of 1.64%, ending the day at 13,061.47. The S&P 500 was not left behind, gaining 1.05% to close at 4,237.86. This upward trend comes in the wake of the Federal Reserve’s decision to maintain interest rates, a move that was widely anticipated by the market.

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

PayPal Holdings, Inc. PYPL

PayPal’s stock experienced a slight dip of 0.27%, closing at $51.66. The stock fluctuated between an intraday high of $52.20 and a low of $51.10. Over the past 52 weeks, PayPal has seen highs of $92.62 and lows of $50.25. The company reported a strong third quarter, with revenue reaching $7.4 billion, an 8% increase year-over-year, and beating market expectations. Earnings per share were up by 20%, coming in at $1.30. Despite these strong results, the company saw a decrease in total active accounts, ending the quarter with 428 million. PayPal’s CEO, Alex Chriss, expressed his confidence in the company’s assets and market position, highlighting the firm’s solid financial standing.

Roku, Inc. ROKU

Roku’s stock saw a slight increase of 0.22%, closing at $59.70. The stock reached an intraday high of $59.89 and a low of $57.32, with a 52-week range between $98.44 and $38.26. The company reported a 20% increase in revenue for the third quarter, amounting to $912.02 million and surpassing market expectations. However, the company experienced a quarterly loss of $2.33 per share. Active accounts rose by 2.3 million, totaling 75.8 million at the end of the quarter. Despite the uncertain market conditions, Roku remains committed to achieving positive adjusted EBITDA for the full year 2024.

Airbnb, Inc. ABNB

Airbnb’s stock rose by 1.00%, closing at $119.47. The stock’s intraday movements saw a high of $119.89 and a low of $116.66, with a 52-week range of $154.95 to $81.91. The company reported an 18% increase in revenue for the third quarter, reaching $3.4 billion and beating market expectations. Earnings per share were $6.63, significantly higher than analyst estimates. Gross booking value saw a 17% year-over-year increase, reaching $18.3 billion. Despite these positive results, Airbnb anticipates a more volatile fourth quarter, closely monitoring macroeconomic trends and geopolitical conflicts that may impact travel demand.

Etsy, Inc. ETSY

Etsy’s stock experienced a decline of 2.63%, closing at $60.66. The stock fluctuated between an intraday high of $61.90 and a low of $59.27, with a 52-week range of $149.91 to $59.27. The company reported a 7% increase in revenue for the third quarter, totaling $636.3 million, although it fell slightly short of market expectations. Earnings per share were 64 cents, beating estimates. Despite the challenging environment for discretionary spending, Etsy’s CEO, Josh Silverman, expressed confidence in the company’s ability to maintain its market share in top categories.

Tesla, Inc. TSLA

Tesla’s stock saw a significant increase of 2.40%, closing at $205.66. The stock reached an intraday high of $205.99 and a low of $197.85, with a 52-week range of $299.29 to $101.81. Despite the positive performance, there has been a recent shift in expectations regarding the production of the Cybertruck, with Elon Musk adjusting the estimate to 200,000 units per year. Jim Cramer highlighted this change, expressing optimism about the Cybertruck’s potential while noting the challenges in categorizing this unique vehicle.

Photo by Jirapong Manustrong on Shutterstock

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