10 Stocks Making Headlines on Monday

Published April 18, 2022 at 5:53 pm EDT Updated September 7, 2026 at 11:30 am EDT

In this article, we will discuss some of the popular stocks making headlines on Monday.

The US stock market is in the red today after investors have returned from a holiday weekend and now look forward to a week of corporate results. The S&P 500 Index, the Dow 30 Index, and the NASDAQ Composite Index are down 0.24%, 0.26%, and 0.43%, respectively, as of 11:59 AM ET. Some notable stocks moving the market today include Robinhood Markets, Inc. (NASDAQ:HOOD), DiDi Global Inc. (NYSE:DIDI), and Twitter, Inc. (NASDAQ:TWTR).

Let’s look at why these stocks are trending today and look at how elite funds are positioned in them.

Pixabay/Public Domain

10. Bank of America Corporation (NYSE:BAC) is up 3.81% as of 11:59 AM ET after the Charlotte, North Carolina-based investment bank and financial services holding company reported better-than-expected Q1 2022 results due to strong consumer lending. Revenue increased by 1.7% YoY to $23.2 billion and outperformed the consensus estimate of $23.09 billion. Meanwhile, the GAAP EPS was posted at 80 cents, beating the analysts’ forecasts by five cents. Bank of America Corporation (NYSE:BAC) also recorded an increase of 13% YoY in average deposits to $2 trillion.

According to data compiled by Insider Monkey, 84 hedge funds held a stake in Bank of America Corporation as of Q4 2021. The number of hedge funds holding a stake in Bank of America Corporation increased by 12 on a sequential basis.

9. Tesla, Inc. (NASDAQ:TSLA) is 1.49% in the green as of 11:59 AM ET after the Austin, Texas-based electric vehicle manufacturer and seller announced that it is preparing to continue production from its factory in Shanghai after a three-week COVID lockdown. Tesla, Inc. (NASDAQ:TSLA) is amongst the 666 companies that have been whitelisted to restart their Shanghai operations. Tesla, Inc. has called back its employees and made arrangements for on-site residence for its workforce. This is a part of the ‘closed-loop management’ system to curb the spread of the COVID-19 virus.

Out of the 924 hedge funds covered by Insider Monkey, Tesla, Inc. stock is in the portfolio of 91 hedge funds as of Q4 2021.

8. The Charles Schwab Corporation (NYSE:SCHW) has dipped 8.22% as of 12:02 PM ET after the Texas-based financial services corporation missed revenue and EPS estimates in its Q1 2022 results. Revenue dipped by 1.1% YoY to $4.67 billion and missed the consensus estimate of $4.82 billion by $150 million. Meanwhile, The Charles Schwab Corporation (NYSE:SCHW) posted a non-GAAP EPS of 77 cents, seven cents lower than the analysts’ forecast of 84 cents. The total client assets increased by 11% YoY to $7.86 trillion but fell from $8.14 trillion as of December 31. The results reflect low trading revenue along with rising expenses. Egerton Capital Limited is long over 14 million shares of The Charles Schwab Corporation as of Q4 2021.

At the end of Q4 2021, 72 hedge funds held a stake in The Charles Schwab Corporation.

7. CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has plummeted 4.86% as of 12:05 ET following the resumption in coverage by Joseph Gallo at Jefferies. Gallo resumed coverage on CrowdStrike Holdings, Inc. (NASDAQ:CRWD) and highlighted that cybersecurity is important in the current economic situation. He also added that CrowdStrike Holdings, Inc. is the biggest beneficiary of an increased attack environment. Despite the positive commentary, Gallo only increased the target price from $265 to $275. The new target price assumes a potential upside of only 16.9% from the last closing price. It appears as if the market has not positively responded to the moderate upside offered by the stock.

Of the 924 hedge funds in Insider Monkey’s database, 74 funds held a stake in CrowdStrike Holdings, Inc. as of Q4 2021. Tiger Global Management LLC is the leading investor in CrowdStrike Holdings, Inc., with a stake worth over $1.5 billion.

6. Synchrony Financial (NYSE:SYF) has rocketed 4.44% as of 12:09 ET after the Stamford, Connecticut-based credit services company reported better than expected earnings results for Q1 2022. The company also announced a $2.8 billion share repurchase program along with a 5% hike in dividend. Revenue was reported at $3.38 billion, outperforming the consensus estimate of $2.66 billion. On the other hand, Synchrony Financial (NYSE:SYF) posted a non-GAAP EPS of $1.73, beating the analysts’ estimates of $1.54. Moreover, average loan receivables increased to $82.7 billion.

Overall, Synchrony Financial was held by 34 hedge funds as of Q4 2021.

Along with Synchrony Financial, some other notable stocks that are in the news today include Robinhood Markets, Inc., DiDi Global Inc., and Twitter, Inc..

5. Twitter, Inc. (NASDAQ:TWTR) has soared 4.81% as of 11:59 AM ET after the company revealed more details about the ‘poison pill’ that it has implemented to counter the hostile takeover attempt by Tesla, Inc. CEO Elon Musk. Former Twitter, Inc. CEO Jack Dorsey also criticized the board, highlighting it as a dysfunctional component of the company. Dorsey happens to be a member of Twitter, Inc.’s (NASDAQ:TWTR) Board, but he intends to vacate his seat once his term expires at the 2022 annual shareholder’s meeting.

As of Q4 2021, 83 hedge funds held a stake in Twitter, Inc..

4. DiDi Global Inc. (NYSE:DIDI) has fallen 14.63% as of 12:02 PM ET after the Chinese ride-hailing corporation announced that it’s planning to delist its shares from the New York Stock Exchange (NYSE) and find an alternative stock exchange to list its shares. An extraordinary general meeting has been called on May 23 to vote on this matter. However, the delisting process from the NYSE will be completed first before the process of listing on a new stock exchange begins.

DiDi Global Inc. also announced its Q4 2021 results earlier today. Revenue declined by 12.7% YoY to $6.4 billion, and the loss per American Depository Share (ADS) was one cent.

DiDi Global Inc. is a constituent of 21 hedge fund portfolios as of Q4 2021. Coatue Management is the leading investor in DiDi Global Inc., with a stake worth over $201 million.

3. Sirius XM Holdings Inc. (NASDAQ:SIRI) has tumbled 2.79% as of 12:02 PM ET after the New York-based audio entertainment company was downgraded from an Equal Weight to an Underweight rating by Benjamin Swinburne at Morgan Stanley. The analyst gave a price target of $7. The target price assumes a narrow potential upside of just 8.3% from the last closing price. Swinburne has downgraded Sirius XM Holdings Inc. (NASDAQ:SIRI) stock due to concerns related to the slowdown in consumer growth. He also highlighted that the cable and satellite industry is considered a defensive sector, but Sirius XM Holdings Inc. is one of the companies in the industry that has a cyclical trend due to its correlation with the US auto sales.

Of the 924 hedge funds in Insider Monkey’s database, Sirius XM Holdings Inc. was held by 24 hedge funds, with a cumulative holding of $165.15 million as of Q4 2021.

2. The Wendy’s Company (NASDAQ:WEN) has slipped 3.14% as of 12:03 PM ET after the Ohio-based quick-service restaurant was downgraded from an Outperform to a Market Perform rating by Andrew Strelzik at BMO Capital Markets. The analyst gave a price target of $22 on The Wendy’s Company, reflecting a low potential upside of 5.3%. Strelzik thinks that The Wendy’s Company is less prepared to combat a tighter US consumer discretionary spending pattern compared to its competitors in the challenging macroeconomic environment. The analyst thinks that customers would opt for less valuable items and lower order add-ons as price levels rise.

The Wendy’s Company was held by 26 hedge funds at the end of Q4 2021, with a combined stake of $906.7 million.

1. Robinhood Markets, Inc. (NASDAQ:HOOD) is down 3.3% as of 12:03 PM ET after Michael Cyprys at Morgan Stanley highlighted that this would be a transition year for the company. The analyst sees near-term challenges for Robinhood Markets, Inc. due to the restricted stock and cryptocurrency trading level during the transition year. Cyprys stated that Robinhood Markets, Inc. has the potential to be a great service for Generation Y and Z, just like the Charles Schwab Corporation was for the baby boomers. However, the lack of profitability remains a sign of concern.

According to proprietary data obtained by Insider Monkey, 24 hedge funds held a stake in Robinhood Markets, Inc. as of Q4 2021.

You can also take a peek at the Top 10 Stocks Billionaire Mets Owner Steve Cohen Just Added to His Portfolio and 10 European Defense Stocks to Buy Now.

Follow Insider Monkey on Twitter