Tesla, GameStop, Nike, First Republic, Array: Stocks Are Trending – Tesla…

Tesla, GameStop, Nike, First Republic, Array: Stocks Are Trending – Tesla…

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US markets ended in the green on Tuesday as fears of a liquidity crunch in the banking system eased and focus shifted to the federal reserve Politics meet result where the majority of market participants expect the central bank to hike rates by 25 basis points. The Nasdaq Composite ended 1.58% higher, while the S&P 500 ended Tuesday up 1.3%. The Dow Jones ended the session up 0.98%. Meanwhile, the following are five stocks that are catching investors’ attention:

1. Tesla Inc TSLA: Shares of the EV maker closed 7.82% higher on Monday after reports of retail sales data suggested the company could book strong sales in China. In addition, Moody’s is updating the The company’s credit rating also lifted investor sentiment.

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2. GameStop Corp. GME: The company’s shares closed up 4.62% on Tuesday, gaining 48.44% in extended trading. The company posted a quarterly profit for the first time in two years, after to CNBC. GameStop reported net revenue of $2.22 billion in the fourth quarter. compared to $2.25 billion last year.

3. Nike Inc NKE: The company’s shares closed up 3.74% on Tuesday but lost 2.27% in extended trading. Nike said that its fiscal third-quarter revenue rose 14% year over year to $12.4 billion, which was above average Analyst estimates of $11.47 billion, according to Benzinga Pro.

4. Bank of the First Republic FRC: Shares of the lender closed up 29.47% on Tuesday but down 9% in extended trading. reports specified JPMorgan Chase CEO Jamie Dimon holds talks about a new bailout plan for the bank. Treasury Secretary Janet Yellen also stated that the government was prepared to take more measures to support the banks.

5. Array Technologies Inc ARRY: The company’s shares closed up 8.65% on Tuesday. The company’s revenue increased 83% to $402.1 million in the fourth quarter, compared to $219.9 million a year earlier.

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