Major U.S. indices closed in the red on Thursday as investors continued to digest higher Treasury yields as well as key earnings. The yield in the benchmark U.S. 10-year Treasuries topped 4.239%, a level unseen since 2008. Benzinga dives into five stocks that are seeing high interest among retail investors today, as the U.S. stock market declined for the second straight day.
1. AT&T Inc. T: Shares of the telecommunications company surged over 7% after it reported revenue of $29.64 billion, beating a consensus estimate of $29.56-billion. AT&T reported earnings per share of 68 cents, which also beat analysts' average estimate of 61 cents.
Also Read: Best Investment Apps
2. Tesla Inc TSLA: Shares of the EV maker closed over 6% lower on Thursday despite reporting third-quarter revenue of $21.45 billion, which shot up 56% year-over-year, but missed a Wall Street estimate of $21.96 billion. Ark Invest founder Cathie Wood picked up $13 million worth of Tesla shares on Thursday.
3. Advanced Micro Devices, Inc. AMD: AMD, along with other chipmaker stocks, rallied before paring gains towards the end of the session. It has also announced a live-stream event to unveil the next generation of AMD Radeo graphics.
4. NVIDIA Corporation NVDA: NVIDIA shares surged on Thursday morning, closing 1.19% higher. On Tuesday, Deutsche Bank maintained its ‘hold’ rating on the stock, while reducing the price target from $165 to $140, according to the Benzinga Analyst Stock Ratings tool.
5. Candel Therapeutics Inc CADL: Shares of the clinical-stage biopharmaceutical company closed over 32% lower on Thursday. The stock has lost over 81% since the beginning of the year.
Read Next: More Pain For China? Team Biden's Tech Curbs May Reportedly Expand To AI, Quantum Computing
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.