Tesla, Amazon, Nike, FedEx, Verona Pharma: Why These 5 Stocks…

Tesla, Amazon, Nike, FedEx, Verona Pharma: Why These 5 Stocks…

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Major Wall Street indices closed in the green Tuesday, albeit marginally higher, ending a four-day losing streak as investors and traders do Watch for a highly anticipated year-end rally. Surprisingly, market participants chose to shrug off a surprise move Bank of Japan raising its yield cap on its long-term bonds — a move that sent bond yields skyrocketing around the world. Meanwhile, here are the five stocks that are capturing the attention of retail investors:

1. Tesla Inc TSLA: Shares of Tesla closed 8.05% lower on Tuesday after a series of brokerages lowered their target price for the stock. Analysts say investors are worried Elon musk may have to sell shares further to finance them Twitter and sentiment surrounding the company’s acquisition could hurt the EV maker’s brand, Reuters reported.

Also read: How to invest in startups

2. Amazon.com, Inc. AMZN: Amazon reached an agreement with the on Tuesday European Union in three antitrust investigations after the company addressed EU concerns over its use of seller data, Reuters reported. This saves the company a penalty of up to 10% of its global sales, the report said. Amazon’s shares closed 0.32% higher, gaining 0.99% in extended trading.

3. Nike Inc NKE: Shares of Nike gained 12.35% in extended trading on Tuesday after the company reported better-than-expected earnings. Nike said second-quarter revenue rose 17% year over year to $13.3 billion, beating analysts’ median estimate of $12.57 billion. The company reported quarterly earnings of 85 cents per share, which topped a market estimate of 65 cents per share.

4. FedEx Corporation FDXFedEx shares closed 2.65% lower on Tuesday but were up 4.41% in extended trading. The company reported revenue of $22.8 billion in the second quarter, missing the median analyst estimate of $23.74 billion. It reported adjusted quarterly earnings of $3.18 per share. which beat an estimate of $2.83 per share.

5. Verona Pharma PLC VRNA:…

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