TSLA, DIS, HOOD, BYND, U: Top 5 Trending Stocks – Beyond Meat…

TSLA, DIS, HOOD, BYND, U: Top 5 Trending Stocks – Beyond Meat…

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US markets ended mixed on Wednesday after a lower-than-expected rise in inflation in April. The consumer price index (CPI) in the United States came in at 4.9%m/m, slightly below the 5% rise in March and the 5% forecast by economists. Headline inflation rose 0.4%m/m in April from 0.1% in March. Meanwhile, the following are five stocks that are catching investors’ attention:

1. Tesla Inc TSLA: Shares of Tesla closed down 0.36% on Wednesday. The EV maker ramped up North American production of each of its four vehicles in the first quarter, making over 150,000 cars in total. after to Bloomberg Intelligence.

Also read: Everything you need to know about Tesla stock

2. Walt Disney Co DIS: The company’s shares closed 1.02% lower and lost another 4.79% in extended trading. Disney reported revenue of $21.82 billion in the second quarter, up 13% year over year. However, the total number of subscribers to the Disney+ service fell by 4 million to 157.8 million.

3. Robinhood Markets Inc HOOD: The company’s shares were up over 3% in extended trading. Robinhood’s first-quarter revenue grew 16% sequentially to $441 million, beating a Street consensus estimate of $424.5 million. Net loss for the first quarter was $511 million compared to a net loss of $166 million in the fourth quarter of 2022.

4. Beyond Meat Inc BYND: The company’s shares closed 1.96% higher but lost 2.16% in extended trading. Beyond Meat revenue fell 15.7% to $92.2 million in the first quarter, but beat consensus Estimate of $91.73 million.

5. Unity Software Inc u: The company’s shares closed 1.63% higher, gaining over 10% in extended trading. The company’s revenue rose 56% year over year to $500 million in the first quarter, beating the average Analyst estimate of $480.9 million.

Continue reading: Disney CEO questions Investment Florida in clash with Ron DeSantis: Does the state want us to invest, employ and pay taxes – or not?



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