INTC, ANET, INTU, AAP, CAR: Trending Stocks Today 15 Feb

It appears the markets are preparing to bounce after a three-day decline. The threat of an imminent war between Russia and Ukraine was at breaking point overnight but fears were allayed earlier today.

S&P futures up 1.3% and Nasdaq futures up 1.8% in Tuesday morning trading. However, caution remains as any bounce may be short-lived.

Oil down. Gold down. Bitcoin up.

Here are some trending stocks today:

• Intel Corporation (INTC) is trending after the stock reached highs of $48.18 during Monday's session before closing at $47.58. Over the past year, the stock is up by 23.8%. Now, Tower Semiconductor Ltd. (TSEM) is trending on Tuesday, after Intel announced plans to buy it.

  Intel Corp. agreed to buy the Israeli chip company for around $5.4bn in cash. That’s around $53 a share and a 60% premium to Tower’s closing share price of $33.13 on the NASDAQ stock exchange on Monday. Over the past year, TSEM stock has traded between $24.81 and $41.31.

• Investors are discussing Monster Beverage Corp (MNST) on Tuesday, after the company made progress in discussing a potential merger with Constellation Brands (STZ). Over the past year, MNST stock has traded between $80.92 and $99.89. A deal could be reached in the coming weeks.

• Arista Networks Inc. (NYSE: ANET) beat and guided above with Wall Street positive on Cloud Titan strength and improved visibility. Over the past year, ANET stock has traded between $65.52 and $148.57.

• Intuit Inc. (INTU) is trending after negatively reducing sales forecast on slow start to tax season. INTU stock reached highs of $538.32 during Monday's session before closing at $529.05. The Intuit share price has slipped 4% in pre-market trading.

• WSJ reported regulators are probing block trading at Morgan Stanley (NYSE: MS), Goldman Sachs (NYSE: GS) and other Wall Street firms. 

• Advance Auto Parts, Inc. (AAP) beat Q4 earnings expectations and guided above with a favourable 2022 outlook. But operating margins are light due to higher costs and competition is a concern.

• Investors are discussing Avis Budget Group Inc. (CAR) on Tuesday, after the company’s stock climbed by 7.43% during Monday's session. Over the past year, CAR stock has traded between $40.25 and $545.11. Avis Budget Group has reported Q4 2021 revenues up 90% year-on-year to $2,569m, 19% above the pre-pandemic Q4 2019 level. Adjusted EBITDA was a record Q4 at $683m (PY: $74m). FY 2021 revenues were up 72% to $9,313m with adjusted EBITDA. CAR beat expectations on most key metrics.

• Airbnb (NASDAQ: ABNB) and Roblox (NYSE: RBLX) are due to report earnings today.

Also up in early market trading are: 

• Generac Holdings (NYSE: GNRC) 9%

• Tritium DCFC (NASDAQ: DCFC) 5%

• American Airlines Group (NASDAQ: AAL) 4%

• Norwegian Cruise Line Holdings (NYSE: NCLH) 4%

• Datadog Inc Class A (NASDAQ: DDOG) 2.8%

• KLA Corporation (NASDAQ: KLAC) 2.15%

• Workday, Inc. Class A (NASDAQ: WDAY) 3.2%

• Synopsys, Inc. (NASDAQ: SNPS) 3.2%

• Marriott International, Inc. Class A (NASDAQ: MAR) 3.2%

• Advanced Micro Devices, Inc. (NASDAQ: AMD) 3%

• Zscaler, Inc. (NASDAQ: ZS) 3%

• Marvell Technology, Inc. (NASDAQ: MRVL) 2.4%

If you enjoyed reading this overview of what to expect in the financial market today, why not read our in-depth reports on ESG investing and Healthcare investing. Or check out our 12 investing themes for 2022.