Tesla, Amazon, Coinbase, Palo Alto, Walmart: Trending Stocks Today -…

Tesla, Amazon, Coinbase, Palo Alto, Walmart: Trending Stocks Today -…

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Major Wall Street indices closed over 2% lower on Tuesday, posting their worst trading session of 2023, as a rebound in U.S. business activity sparked fears of prolonged rate hikes. The S&P Global Purchasing Manufacturer Index Reuters reported the company returned to expansion in February for the first time in eight months. A grim prognosis Home Depot Inc HD, also contributed to the sell-off. Now investors are waiting Federal Reserve’S February Minutes of the meeting are to be released on Wednesday. In the meantime, here are the five stocks that are attracting investors’ attention.

1. Tesla Inc TSLA: Tesla shares closed 5.25% lower on Tuesday. The company has halted its plans to manufacture entire batteries in Brandenburg and will instead conduct some production steps in the United States, where tax incentives are more favorable, Reuters reported, citing Brandenburg’s Ministry of Economic Affairs.

Also read: Everything you need to know about Tesla stock

2. Amazon.com, Inc. AMZN: Amazon shares closed down 2.7% on Tuesday. The US Federal Trade Commission will not file a complaint seeking to stop Amazon’s plan to buy a family doctor A medical oneReuters reported, citing an FTC official.

3. Coinbase Global Inc COIN: Coinbase shares closed down 4.8% on Tuesday. Coinbase reported fourth-quarter revenue of $629.1 million, which was above a Street estimate of $586.2 million, according to data from Benzinga Pro. However, the company reported a loss of $2.46 per share in the fourth quarter. which missed Street’s estimate of a $2.39 per share loss.

4. Palo Alto Networks Inc PANW: The company’s shares closed 1.41% lower but was up 7.51% in extended trading. The company’s second-quarter revenue rose 26% year over year to $1.66 billion, beating consensus estimates $1.65 billion according to Benzinga Pro.

5. Walmart Inc WMT: Walmart shares closed 0.61% higher. The company reported fourth quarter revenue growth of 7.3% year over year at $164…

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