5 Trending Stocks to Watch Today

In this article, we discuss the 5 trending stocks to watch today. If you want to see some more companies on the list, go directly to 10 Trending Stocks to Watch Today.

5. AT&T Inc. (NYSE:T)

Number of Hedge Fund Holders: 55

Shares of AT&T Inc. (NYSE:T) rose over two percent on Monday morning after Raymond James upgraded the telecommunications giant from “Outperform” to “Strong Buy.” The research firm sees AT&T outperforming Verizon in the coming months.

Raymond James’ coverage came just days after AT&T Inc. (NYSE:T) posted better-than-expected profit for the third quarter and lifted its outlook for the full year. The results were driven by price hikes and global travel recovery during the quarter.

AT&T Inc. (NYSE:T) reported adjusted earnings of 68 cents per share, topping expectations of 61 cents. The quarterly revenue of $30 billion also exceeded the consensus of $29.85 billion.

For the full year, AT&T Inc. (NYSE:T) expects adjusted earnings of $2.50 per share or higher, compared to its previous projection between $2.42 – $2.46 per share.

Separately, asset management firm Chartwell Investment Partners briefly discussed AT&T Inc. (NYSE:T) in its second-quarter 2022 investor letter, stating:

“In the Dividend Equity accounts, the three best performers in Q2 includes AT&T (NYSE:T, 2.5%), up 17.1%. AT&T completed the spin of the WarnerMedia business (HBO, CNN, etc.), and the market seemed to like the “back-to-basics” approach. Also, the telco business is expected to do relatively well in an inflationary environment.”