UPS, LCID, MRNA, KDP, MSFT, T, TSLA, XOM: Trending Stocks Today 1 Feb

By Kirsteen Mackay

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The S&P suffered the worst start to the year since the global financial crisis. Will February improve?

Trending Stocks Today

After a strong finish yesterday, there's hope for an upbeat start to February in the equity markets. Can growth stock performance rally a return or will value make the comeback it's been promising?

Oil down. Gold up. Bitcoin up.

NASDAQ S&P 500 BITCOIN
14,239.88 (+3.41%) 4,515.55 (+1.89%) 38,617.34 (+4.29%)

Here are some trending stocks today: 

  • United Parcel Service (NYSE: UPS) share price is up over 13% on margin-driven earnings beat.

  • Bio-Techne (NASDAQ: TECH) is up over 10%.

  • Global packaging company Amcor (NYSE: AMCR) is up in pre-market trading. Q2 earnings are due at close.

  • Lucid (NASDAQ: LCID) stock is up nearly 5% as the company gets closer to expanding in Europe. 

  • Moderna (NYSE: MRNA) received full FDA approval for its COVID-19 vaccine yesterday. The shares continue to rally.

  • Keurig Dr. Pepper (NASDAQ: KDP) is down. 

  • Antitrust review of Microsoft's (NASDAQ: MSFT) proposed acquisition of Activision Blizzard (NASDAQ: ATVI) to be handled by the FTC.

  • AT&T (NYSE: T) is down on the decision to divest WarnerMedia division via a spinoff after merging WarnerMedia with Discovery. Discovery's (NYSE: DISCA) share price is down over 5% pre-market.

  • Tesla (NASDAQ: TSLA) is recalling nearly 54,000 cars and SUVs because their "Full Self-Driving" software lets them roll through stop signs without coming to a complete halt. TSLA stock is down.

  • Exxon Mobil (NYSE: XOM) stock is rising on an upbeat earnings report as the oil price soars. 

  • Broadridge Financial Solutions (NYSE: BR) is up over 4%. 

  • FedEx Corp (NYSE: FDX) stock is up nearly 4%.

  • PulteGroup, Inc. (NYSE: PHM) stock delivered earnings beat on key metrics with an upbeat outlook on demand.

  • NXP Semiconductors (NASDAQ: NXPI) also beat guiding above and noted ongoing demand ahead of supply.

  • Axalta Coating Systems Ltd (NYSE: AXTA) guided EBITDA well below expectations, with raw material inflation expected to remain elevated.

Also up in early market trading are:

  • Catalent Inc (NYSE: CTLT) over 4%.

  • Nucor Corporation (NYSE: NUE) nearly 4%

  • Mosaic Company (NYSE: MOS) nearly 6%

  • Freeport-McMoRan, Inc. (NYSE: FCX) 1.8%

  • Carnival Corporation (NYSE: CCL) 3%

  • Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) 2%

If you enjoyed reading this overview of what to expect in today's financial market, 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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Author: Kirsteen Mackay

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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