Growth is outperforming value today with ARK Innovation ETF (NYSEARCA: ARKK) up over 7%.
Consumer discretionary, tech and FANMAG stocks are up, while financials, energy, and industrials are slow.
| NASDAQ | S&P 500 | BITCOIN |
|---|---|---|
| 14,018.62 (+1.80%) | 4,455.82 (+0.54%) | 37,871.09 (-0.25%) |
Here are some trending stocks today:
Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX) stocks are up over 8%. Tesla stock was upgraded at Credit Suisse. Meanwhile, Netflix founder Reed Hastings purchased $20m worth of shares in the past week, and NFLX stock was upgraded at Citi this morning.
Shopify (NYSE: SHOP) is up nearly 8% after analyst upgrade.
Spotify (NYSE: SPOT) is up nearly 12% after a Citi analyst upgrade.
As earnings are due this week Amazon (NASDAQ: AMZN), Facebook (Meta Platforms) (NASDAQ: FB), and Alphabet (NASDAQ: GOOGL) are all up in early trading.
Inspira Technologies Oxy (NASDAQ: IINN) stock rose over 37% after announcing new distribution agreement.
Bassett Furniture Industries (NASDAQ: BSET) rose over 27% after earnings beat.
Align Technology (NASDAQ: ALGN) is up over 7%.
ResMed (NYSE: RMD) and Microchip Technology (NASDAQ: MCHP) stocks are also trending as both rise over 4%.
Citrix Systems (NASDAQ: CTXS) is to be taken private by Elliott and Vista in a $16.5bn deal.
Bloomberg noted Peloton (NASDAQ: PTON) is unlikely to be acquired by Apple (NASDAQ: AAPL), despite Wall Street rumors.
LXP Industrial Trust (NYSE: LXP) received a $4.5bn takeover offer from hedge fund Land & Buildings Investment Management.
Meanwhile, shares of Imperial Petroleum (NASDAQ: IMPP), Bioophytis (NASDAQ: BPTS) and AppHarvest (NASDAQ: APPH) are all crashing.