Top 10 Gainers Today

Published on November 1, 2022 at 6:29 pm by Fahad Ali Khan in News

In this article, we will take a look at the top 10 gainers today. If you want to see some other stocks moving higher on Tuesday, go directly to Top 5 Gainers Today.

All three major U.S. indices turned red in mid-day trading Tuesday after the Bureau of Labor Statistics released better-than-expected job openings data for September. The data showed that job openings in the U.S. increased during the last month, contrary to the consensus forecast calling for a drop. The data also indicates that demand for labor is growing despite recent rate hikes by the Fed.

If we look at the key U.S. indices, S&P 500 was down 0.34 percent, Dow Jones Industrial Average slipped 0.28 percent and Nasdaq Composite was negative 0.60 percent as of 01:48 PM ET. Nevertheless, the better-than-expected financial results from stocks like Pfizer Inc. (NYSE:PFE), NXP Semiconductors N.V. (NASDAQ:NXPI) and Arista Networks, Inc. (NYSE:ANET) offset losses in these indices to some extent.

Shares of Pfizer Inc. (NYSE:PFE), NXP Semiconductors N.V. (NASDAQ:NXPI) and Arista Networks, Inc. (NYSE:ANET) rose this morning after beating profit and sales expectations for the third quarter.

Moreover, shares of ride-hailing giant Uber Technologies, Inc. (NYSE:UBER) also jumped on massive volume following its solid operating earnings outlook for Q4. Uber Technologies, Inc. (NYSE:UBER) projected adjusted EBITDA in the range of $600 – $630 million for the current quarter, well above analysts’ average estimate of $567.7 million.

Check out the complete article below to see some other top gainers of the day.

Photo by Austin Distel on Unsplash

10. SoFi Technologies, Inc. (NASDAQ:SOFI)

Number of Hedge Fund Holders: 22

Shares of SoFi Technologies, Inc. (NASDAQ:SOFI) jumped more than 13 percent this morning after the online personal finance company surpassed financial expectations for the third quarter.

SoFi Technologies, Inc. (NASDAQ:SOFI) reported a loss of 9 cents per share, narrower than analysts’ average estimate for a loss of 11 cents per share. Revenue for the quarter skyrocketed 51 percent on a year-over-year basis to $419 million, crushing expectations of $393 million.

For the full year, SoFi Technologies, Inc. (NASDAQ:SOFI) raised its revenue outlook to a range of $1.517 – $1.522 billion, from its previous projection between $1.508 – $1.513 billion.

Speaking on the results, CEO of SoFi Technologies, Inc. (NASDAQ:SOFI), Anthony Noto, said in a statement:

“Our strong momentum in member, product and cross-buy adds reflects the benefits of our broad product suite and unique Financial Services Productivity Loop (FSPL) strategy. We added nearly 424,000 new members, and ended with over 4.7 million total members, up 61% year-over-year. We also added over 635,000 new products, and ended with nearly 7.2 million total products, a 69% annual increase.”

9. Henry Schein, Inc. (NASDAQ:HSIC)

Number of Hedge Fund Holders: 29

Henry Schein, Inc. (NASDAQ:HSIC) is next on the list of top 10 gainers today. The stock advanced more than 6 percent in mid-day trading Tuesday after the healthcare products supplier beat profit expectations for the third quarter.

The company reported adjusted earnings of $1.15 per share, up from $1.10 per share in the year-ago period. Revenue for the quarter slipped 3.5 percent versus last year to $3.1 billion. Analysts expected Henry Schein, Inc. (NASDAQ:HSIC) to report earnings of $1.14 per share on revenue of $3.19 billion.

Henry Schein, Inc. (NASDAQ:HSIC) also disclosed the sales results of its flagship units. Its global dental revenue slipped 2.1 percent to $1.8 billion, while global medical revenue fell 6.7 percent to $1.1 billion in the quarter.

Looking forward, Henry Schein, Inc. (NASDAQ:HSIC) expects adjusted earnings in the range of $4.79 – $4.87 per share for the full year. The outlook represents a growth of 6 – 8 percent over last year.

8. Lattice Semiconductor Corporation (NASDAQ:LSCC)

Number of Hedge Fund Holders: 33

Shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) soared over 12 percent this morning after delivering solid profit and sales for the third quarter. The Oregon-based semiconductor firm reported adjusted earnings of 48 cents per share versus 28 cents per share in the third quarter of 2021. Analysts were looking for earnings of 44 cents per share.

Revenue for the quarter climbed 30.8 percent on a year-over-year basis to $172.50 million, while analysts expected Lattice Semiconductor Corporation (NASDAQ:LSCC) to produce revenue of $166.28 million.

Among other updates, Lattice Semiconductor Corporation (NASDAQ:LSCC) reported that its adjusted gross margin expanded to 69.5 percent, from 63.6 percent in the comparable period of the prior year.

Like Lattice Semiconductor Corporation (NASDAQ:LSCC), shares of Pfizer Inc. (NYSE:PFE), Arista Networks, Inc. (NYSE:ANET) and Uber Technologies, Inc. (NYSE:UBER) also rose after their recent earnings.

7. Gartner, Inc. (NYSE:IT)

Number of Hedge Fund Holders: 38

Gartner, Inc. (NYSE:IT) delivered an impressive financial performance for the third quarter and lifted its guidance for the full year. As a result, its shares rose more than 7 percent after the opening bell today.

The research and advisory company earned $2.41 per share on an adjusted basis, compared to $2.03 per share in the same period last year. In addition, Gartner, Inc. (NYSE:IT) posted revenue of $1.33 billion, up 15.2 percent over the year-ago period. The results easily surpassed the consensus of $1.87 per share for earnings and $1.29 billion for revenue.

If we look at its segment-wise sales performance, conferences revenue skyrocketed 215.5 percent, consulting revenue jumped 13 percent and research revenue rose 10.7 percent in the quarter.

Gartner, Inc. (NYSE:IT) also raised its full-year adjusted earnings outlook to at least $10.06 per share. Moreover, it expects to generate revenue of at least $5.41 billion for the same period. Previously, it was looking for adjusted earnings of at least $8.85 per share and revenue of at least $5.35 billion.

6. IDEXX Laboratories, Inc. (NASDAQ:IDXX)

Number of Hedge Fund Holders: 40

Shares of IDEXX Laboratories, Inc. (NASDAQ:IDXX) advanced over eight percent in the mid-day trading session on Tuesday. The surge was driven by the pet healthcare company’s better-than-expected results for Q3.

IDEXX Laboratories, Inc. (NASDAQ:IDXX) reported earnings of $2.15 per share, up from $2.03 per share in the year-ago period and above expectations of $2.05 per share. Revenue also increased 4 percent on a year-over-year basis to $842 million, beating estimates of $831.52 million.

Looking forward, IDEXX Laboratories, Inc. (NASDAQ:IDXX) expects earnings in the range of $7.74 – $7.98 per share and revenue growth between 3.5 – 4.5 percent for the full year.

Click to continue reading and see Top 5 Gainers Today.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on May 1, 2024 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 75%.

For a ridiculously low price of just $24, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

The Name of the Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.
Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.
Lifetime Money-Back Guarantee: If you’re not absolutely satisfied with our service, we’ll provide a full refund ANYTIME, no questions asked.

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

Head over to our website and subscribe to our Premium Readership Newsletter for just $24.
Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.
Sit back, relax, and know that you’re backed by our ironclad lifetime money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!

Subscribe Now!

A New Dawn is Coming to U.S. Stocks

Published on May 2, 2024 at by Insider Monkey Staff

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…

Insider Monkey Ads

Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Log In

Sign Up