TSLA, NVDA, NFLX, BABA, FTCH: Top 5 Trending Stocks – Alibaba Group…

TSLA, NVDA, NFLX, BABA, FTCH: Top 5 Trending Stocks – Alibaba Group…


US markets closed in the green for the second straight day as investors remained optimistic debt ceiling crisis There will be a solution soon. Walmart Inc WMT The optimistic sales forecast also contributed to the revival of the markets. The Nasdaq Composite closed over 1.5% higher, while the S&P 500 gained 0.94%. The Dow closed 0.34% higher. Now, here are the five stocks that are attracting investors’ attention:

1. Tesla Inc TSLA: Tesla shares closed 1.74% higher on Thursday. according to Benzinga Pro. The electric vehicle maker has been in talks with Indian officials about incentives for manufacturing cars and batteries, Reuters reported, citing a person with direct knowledge of the talks. The company has proposed building a factory in India Electric cars for domestic sales and export.

Also read: Everything you need to know about Tesla shares

2. NVIDIA Corporation NVDA: The company’s shares closed 4.97% higher on Thursday. Oppenheimer Analyst Patrick Scholes kept an Outperform rating on the stock and raised its price target to $350 from $300. The chip manufacturer will announce this Quarterly results as of May 24th.

3. Netflix Inc NFLX: The company’s shares closed 9.22% higher on Thursday after the company’s ad-supported subscription tier was reported to have nearly 5 million monthly active users worldwide. Netflix with ads is only $6.99 per month, which is about $3 cheaper the simplest ad-free subscription.

4. alibaba group holding ltd BABA: The company’s shares closed 5.41% lower on Thursday. For the quarter ended March, the company reported revenue of $30.32 billion. surpassing a consensus estimate of $30.24 billion.

5. Farfetch Ltd FTCH: The company’s shares closed 6.37% higher on Thursday, gaining almost 18% in extended trading. Farfetch reported revenue of $556.4 million for the first quarter, up 8% year over year and beating revenue Consensus estimate of $512.72 million.

Continue reading: Disney scraps $864 million Lake Nona project amid tensions with Florida governor

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