These 10 Stocks Were in the Spotlight This Week

Published October 31, 2021 at 12:26 pm EDT Updated September 7, 2026 at 1:46 pm EDT

In this article we will take a look at the some notable stocks that trended this week.

Stocks that were in the spotlight this week include The Boeing Company (NYSE:BA), McDonald’s Corporation, United Parcel Service, Inc. (NYSE:UPS), Shopify Inc. (NYSE:SHOP), Texas Instruments Incorporated (NASDAQ:TXN), Advanced Micro Devices, Inc. (NASDAQ:AMD), and General Electric Company (NYSE:GE). Let’s find out why each stock trended and how elite funds were positioned among them.

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10. United Parcel Service, Inc. was in the spotlight this week after reporting third quarter adjusted EPS of $2.71 versus the consensus of $2.54. Sales were $23.2 billion versus the average estimate of $22.56 billion. Following the earnings release, Todd Fowler of KeyBanc raised his price target to $250 from $235 and kept his ‘Overweight’ rating on United Parcel Service, Inc.. At Q2’s end, a total of 52 of the hedge funds tracked by Insider Monkey were bullish on United Parcel Service, Inc., a change of 18% from one quarter earlier.

9. Shopify Inc. trended this week after the company reported softer than expected earnings for the third quarter. For the period Shopify Inc. earned an adjusted EPS of $0.81 versus the consensus of $1.35. Sales were $1.12 billion, below the average estimate of $1.41 billion. Despite the miss, Shopify Inc. shares nevertheless rose almost 3% this week. Lone Pine Capital was the largest shareholder of Shopify Inc, with a stake worth $2385.1 million reported as of the end of June

8. Texas Instruments Incorporated fell 6.15% this week in part due to mixed third quarter earnings results. For the period, Texas Instruments Incorporated earned $2.07 per share on sales of $2.64 billion versus estimates of $2.05 per share on revenue of $4.66 billion. Texas Instruments Incorporated sees fourth quarter EPS of $1.83-$2.07 versus the consensus of $1.93. Among the 873 funds in our database, AQR Capital Management held the most valuable stake in Texas Instruments Incorporated, which was worth $470.5 million at the end of the second quarter

7. Advanced Micro Devices, Inc. reported strong results for the third quarter with EPS of $0.73 versus the consensus of $0.67. Revenue was $4.31 billion versus the average estimate of $4.12 billion. Advanced Micro Devices, Inc. CEO Lisa Su said, “AMD had another record quarter as revenue grew 54% and operating income doubled year-over-year.” Fisher Asset Management was long 15,779,331 shares of Advanced Micro Devices, Inc. at the end of September.

6. General Electric Company was in the spotlight this week after reporting third quarter adjusted EPS of $0.57, ahead of the consensus of $0.43. Nevertheless, General Electric Company’s sales of $18.43 billion was below the average estimate of $19.25 billion. For FY21, General Electric Company has an adjusted EPS view of $1.80-$2.10, versus the prior $1.2-$2. At second quarter’s end, a total of 67 of the hedge funds tracked by Insider Monkey held long positions in General Electric Company, a change of -1% from one quarter earlier.

Like United Parcel Service, Inc., Shopify Inc., Texas Instruments Incorporated, Advanced Micro Devices, Inc., and General Electric Company, The Boeing Company and McDonald’s Corporation were also in the spotlight.

5. The Boeing Company was in the spotlight this week after reporting third quarter core EPS of a loss of $0.6 versus the consensus loss of $0.21. Sales for Q3 was $15.3 billion, less than the consensus of $16.04 billion. In terms of the future, The Boeing Company is ‘continuing to make progress’ on the return of the 737 MAX. At the end of June, a total of 59 of the funds tracked by Insider Monkey were long The Boeing Company, unchanged from one quarter earlier.

4. McDonald’s Corporation gained some ground this week thanks partly to a strong third quarter earnings result. For the period, McDonald’s Corporation earned an adjusted $2.76 per share versus the consensus of $2.46 per share. Sales were $6.2 billion, ahead of the average estimate of $6.03 billion. Shares of McDonald’s Corporation rose 2.64% this week. Among the around 873 elite funds in our database, Arrowstreet Capital held the most valuable stake in McDonald’s Corporation, which was worth $485.1 million at the end of the second quarter.
3. HSBC Holdings plc (NYSE:HSBC) reported Q3 EPS of $0.53 on sales of $37.56 billion versus the bank’s same period last year results of EPS of $0.16 per share on revenue of $38.67 billion. Given the improving conditions, HSBC Holdings plc (NYSE:HSBC) has said it will initiate a buyback program of up to $2 billion. Renaissance Technologies was long over 4.78 million shares of HSBC Holdings plc (NYSE:HSBC) at the end of June.

2. Caterpillar Inc. (NYSE:CAT) trended this week after the machinery maker reported an adjusted EPS of $2.66 versus the consensus of $2.2 for Q3. The company’s profit benefited from operational performance and a less than expected effective tax rate. Caterpillar Inc. sales for Q3 were $12.4 billion, slightly below the consensus of $12.48 billion. After the earnings report, Steven Fisher of UBS upgraded Caterpillar Inc. to ‘Buy’ from ‘Neutral’ and set a price target of $235 from $232. Fisher Asset Management owned more than 6.8 million shares of Caterpillar Inc. at the end of September.

1. American Tower Corporation (NYSE:AMT) was in the spotlight this week after reporting FFO of $2.49 versus the consensus of $2.33 for Q3. Sales were $2.54 billion versus the average estimate of $2.41 billion. For full year 2021, American Tower Corporation also raised the midpoint outlook for consolidated AFFO by $60 million. Fisher Asset Management was long more than 1.97 million shares of American Tower Corporation at the end of September.