Why These 5 Stocks Are in the Spotlight on Tuesday

In this article we take a look at five stocks that are in the spotlight on Tuesday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are in the Spotlight on Tuesday.

5. Netflix, Inc. (NASDAQ:NFLX) is trending after it soared 4.4% on Tuesday. Given that it’s currently near its all time high, Netflix, Inc. (NASDAQ:NFLX) has likely benefited from optimism that its gaming business could help profit growth in the future. Ken Fisher‘s Fisher Asset Management owned over 3.98 million shares of Netflix, Inc. (NASDAQ:NFLX) at the end of June.

4. PepsiCo, Inc. (NASDAQ:PEP) is up 1% after the company reported adjusted earnings per share of $1.79 for the third quarter versus the expected earnings per share of $1.73. PepsiCo, Inc. (NASDAQ:PEP) also reported revenue of $20.19 billion, versus the expected sales of $19.39 billion. For the full year, PepsiCo, Inc. (NASDAQ:PEP) expects organic revenue growth of 8%, up from the previous guidance of 6%. Of the around 873 elite funds in our database, 66 were long PepsiCo, Inc. (NASDAQ:PEP) at the end of Q2.

3. Johnson & Johnson (NYSE:JNJ) is up over 0.8% after the company asked the FDA to allow for booster shots for its COVID-19 vaccine, which could increase demand. If demand is higher, Johnson & Johnson (NYSE:JNJ) could find it easier to make profits. The number of elite funds in our database long Johnson & Johnson (NYSE:JNJ) rose by 7 from the prior quarter to 88 at the end of the second quarter.

2. Exxon Mobil Corporation (NYSE:XOM) is trending after Exxon Mobil Corporation (NYSE:XOM)’s vice president, Neil A. Chapman, said that Exxon is in ‘strong position’ to negotiate with Qatar over the world’s largest LNG project. Exxon Mobil Corporation (NYSE:XOM) has many of the world’s best oil and gas engineers and the company is already helping Qatar with existing LNG production. The number of elite funds in our database long Exxon Mobil Corporation (NYSE:XOM) rose by 3 from the prior quarter to 68 at the end of the second quarter.

1. Chevron Corporation (NYSE:CVX) rose another 1.3% on Tuesday due to optimism on oil prices which has benefited from more favorable supply and demand. With higher oil prices, Chevron Corporation (NYSE:CVX) could find it easier to increase profits. Of the around 873 elite funds in our database, 50 were long Chevron Corporation (NYSE:CVX) at the end of the second quarter.

Disclosure: None.