Verizon Posts Upbeat Earnings, Joins RTX, Procter & Gamble And Other Big Stocks Moving Higher On Tuesday

U.S. stocks traded mixed, with the Dow Jones index falling around 70 points on Tuesday.

Shares of Verizon Communications Inc. VZ rose during Tuesday’s session following better-than-expected fourth-quarter financial results.

It clocked a sales decline of 0.3% year-on-year to $35.13 billion, beating the consensus of $34.64 billion. Adjusted EPS of $1.08 beat the consensus of $1.07.

Verizon shares gained 5.7% to $41.85 on Tuesday.

Here are some other big stocks recording gains in today’s session.

• Plug Power Inc. PLUG climbed 19.7% to $3.4000. Plug Power started production of liquid green hydrogen at its Georgia Plant.
• TKO Group Holdings, Inc. TKO gained 19.2% to $92.30 after the company announced a long-term partnership with Netflix that will bring WWE's Raw to Netflix.
• Dada Nexus Limited DADA rose 15.8% to $2.3050.
• GDS Holdings Limited GDS gained 15.1% to $6.74.
• IAMGOLD Corporation IAG climbed 14.1% to $2.6250. IAMGOLD reported fourth-quarter production results and commissioning progress at Côté Gold.
• Spirit Airlines, Inc. SAVE gained 13.2% to $9.03. Spirit Airlines and JetBlue announced that they will appeal a judge's ruling that blocked their proposed merger.
• Bilibili Inc. BILI rose 12.4% to $10.36.
• Canadian Solar Inc. CSIQ gained 12.3% to $23.64. Recurrent Energy, a subsidiary of Canadian Solar, announced a $500 million capital commitment from BlackRock to grow its global renewable energy platform.
• NIO Inc. NIO rose 10.7% to $6.63. Shares of Chinese stocks traded higher following reports suggesting China is considering a stock market rescue package.
• Arcutis Biotherapeutics, Inc. ARQT gained 10.4% to $3.91. Arcutis Biotherapeutics recently announced the launch of ZORYVE topical foam, 0.3% for the treatment of seborrheic dermatitis.
• Alcoa Corporation AA climbed 9% to $30.09.
• RTX Corporation RTX gained 8.1% to $91.94 after the company reported better-than-expected fourth-quarter financial results and issued FY24 EPS outlook above estimates.
• Alibaba Group Holding Limited BABA rose 7.7% to $73.94. Shares of Chinese stocks traded higher following reports suggesting China is considering a stock market rescue package.
• GATX Corporation GATX surged 7.6% to $127.64 following upbeat earnings.
• Baidu, Inc. BIDU rose 7.3% to $107.02 following reports suggesting China is considering a stock market rescue package.
• XPeng Inc. XPEV gained 7% to $9.99. Shares of Chinese stocks traded higher following reports suggesting China is considering a stock market rescue package.
• NetEase, Inc. NTES rose 7% to $97.24 after China's gaming regulator removed draft rules from its website, which were proposed to limit spending and rewards that promote video game playing.
• United Airlines Holdings, Inc. UAL shares gained 6.8% to $41.06 as the company reported better-than-expected financial results for its fourth quarter.
• Wheels Up Experience Inc. UP gained 6.8% to $3.76.
• The Procter & Gamble Company PG gained 4.8% to $155.05 following upbeat earnings.

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