Why These 5 Stocks Are on the Move on Tuesday

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

5. Alphabet Inc. (NASDAQ:GOOG) has fallen 3.8% due to the broader market weakness. Another headwind for Alphabet Inc. (NASDAQ:GOOG) could be the news that TikTok has surpassed 1 billion monthly active users. If more people use TikTok, Alphabet Inc. (NASDAQ:GOOG)’s YouTube might not grow as much as it could have.

According to our database of 873 elite funds, Alphabet Inc was one of the top 10 most widely held smart money stocks at the end of Q2.


4. Moderna, Inc. (NASDAQ:MRNA) shares are down 3.8% due to the market weakness. Given that Moderna, Inc. (NASDAQ:MRNA) has rallied more than 250% year to date, some investors are also probably taking some profits. Renaissance Technologies owned more than 3.18 million shares of Moderna, Inc. (NASDAQ:MRNA) at the end of Q2.


3. Pfizer Inc. (NYSE:PFE) has declined 1.2% along with the market despite the company submitting data to the FDA from a phase 2/3 trial of their COVID-19 vaccine in children aged 5 to 11. Although the news is good for Pfizer, the stock often moves along with its sector, which is down due to the market. The number of elite funds in our database that were long Pfizer Inc. (NYSE:PFE) rose to 67 in the second quarter from 65 in the first quarter.


2. Schlumberger Limited (NYSE:SLB) has rallied 3.5% as expectations for future demand for oil services have likely strengthened due to the higher oil prices over the past few days. Oil prices have rallied substantially year to date as well. Of the around 873 elite funds in our database, 41 were long Schlumberger Limited (NYSE:SLB) at the end of Q2.


1. United Natural Foods, Inc. (NYSE:UNFI) has surged around 22% after the company forecasted FY2022 adjusted earnings of $3.90-$4.20 per share and revenue of $27.8 billion to $28.3 billion. Both forecasts were better than market estimates. Of the around 873 elite funds in our database, 15 were long United Natural Foods, Inc. (NYSE:UNFI) at the end of the second quarter.

Disclosure: None.