The US stock market opened mixed on Monday, with the Dow Jones falling 0.25% while the Nasdaq rose 1.2%. The S&P 500 also posted gains, rising nearly 0.4%. However, investors are bracing for hawkish signals from updated Fed projections, which may signal a slower pace of rate cuts and upward revisions.
Several stocks stood out among retail traders and investors, including Red Cat Holdings Inc. (RCAT), IonQ Inc. (IONQ), Broadcom Inc. (AVGO), NVIDIA Corporation (NVDA), and Tesla Inc. (TSLA).
Red Cat Holdings’ stock rose 26.97% to $10.45 after reporting second-quarter earnings that fell short of expectations. Despite the miss, CEO Jeff Thompson emphasized the company’s focus on its Black Widow project.
IonQ Inc.’s stock surged 23.19% to $41.81 as investors took notice of the company’s ion trap technology and notable contracts, including a $54.5 million deal with the US Air Force Research Lab.
Broadcom Inc.’s shares increased 11.21% to $250, driven by its strong fourth-quarter earnings report, which showed adjusted earnings per share beating analyst expectations.
NVIDIA Corporation’s stock fell 1.68% to $132 after announcing a collaboration with Olympian Motors to deliver the first open, modular EV platform. However, the company recently produced 30,582 Cybertrucks by the end of the third quarter of 2024, indicating potential demand challenges for the vehicle.
Tesla Inc.’s shares rose 6.14% to $463.02 despite facing production challenges with its Cybertruck, including reduced production rates and a recent manufacturing pause.
Source: https://www.benzinga.com/24/12/42522014/red-cat-holdings-ionq-broadcom-nvidia-and-tesla-why-these-5-stocks-are-on-investors-radars-today