FB, NFLX, TSLA, ALGN, IINN, BSET, APPH: Trending Stocks Today 31 Jan

By Kirsteen Mackay


In this article

  • Loading...
  • Want to see what you should be buying? Check out our top picks.

US equities are mostly higher in Monday morning trading, near best levels. The NASDAQ is up over 2%. Will positive momentum prevail?

Trending Stocks Today

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.

Oil up. Gold up. Bitcoin down.

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.

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.

Explore more on these topics:



This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Kirsteen Mackay does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above article.

Kirsteen Mackay has not been paid to produce this piece by the company or companies mentioned above.

Digitonic Ltd, the owner of ValueTheMarkets.com, does not hold a position or positions in the stock(s) and/or financial instrument(s) mentioned in the above article.

Digitonic Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

Sign up for Investing Intel Newsletter