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

By Kirsteen Mackay

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After a three-day dip in equity markets, will positive sentiment return? 

Stocks trending today

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.

NASDAQ S&P 500 BITCOIN
13,790.92 (-0.00%) 4,401.67 (-0.38%) 44,223.92 (+3.89%)

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: 

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.

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IMPORTANT NOTICE AND DISCLAIMER

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.

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