Why These 10 Stocks Are on the Move on Tuesday

Published September 21, 2021 at 12:19 pm EDT Updated September 7, 2026 at 12:59 pm EDT

In this article we will take a look at the some of notable stocks on the move today.

After a major sell off yesterday, the market is relatively calm on Tuesday. Although the Evergrande situation in China hasn’t been resolved yet and the company has $305 billion in debt, the Dow, S&P 500 and NASDAQ are still modestly higher in the late morning trading.

Some of the stocks making moves today include Johnson & Johnson, DraftKings Inc. (NASDAQ:DKNG), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Lucid Group, Inc. (NASDAQ:LCID), Uber Technologies, Inc. (NYSE:UBER) and Lyft, Inc. (NASDAQ:LYFT). Let’s examine further and see how the smart money is positioned in these stocks.

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10. Chevron Corporation shares are off around 0.7% due oil futures declining modestly. In late morning trade, WTI crude oil is down around 0.6% to $69.87 per barrel while natural gas futures are down around 3.81%. Given it produces oil and gas, Chevron Corporation’s financial results depend substantially on the prices of the commodities. Despite today’s decline, Chevron Corporation is still up year to date by around 11%.

Of the 873 elite funds we track, 50 were long Chevron Corporation at the end of Q2, up 9 from the prior quarter.

Like Johnson & Johnson, DraftKings Inc., Exxon Mobil Corporation, Lucid Group, Inc. and Uber Technologies, Inc., Chevron Corporation is one the move on Tuesday.

9. Exxon Mobil Corporation shares are also off around 0.7% due to the weakness in oil and gas prices. Although Exxon Mobil Corporation no longer has the ambitious oil and gas production targets for the future as it once did, Exxon Mobil Corporation’s current financial results still depend substantially on the energy sector and energy prices. The company’s transition into greener technologies may take time. 68 elite funds in our database were long Exxon Mobil Corporation as of the most recent filing period.

8. Lucid Group, Inc. is up around 7% due to continued momentum and not due to any fundamental news today. Given electric vehicle stocks like Lucid Group, Inc. are volatile, they can move in either direction fairly quickly. Last week, Lucid Group, Inc. benefited from the news that one of its cars had a range of 520 miles according to the EPA. For the filing period ended June 30, 2021, Philippe Laffont’s Coatue Management owned more than 3.5 million shares of Lucid Group, Inc..

Like Johnson & Johnson, DraftKings Inc., Chevron Corporation, Exxon Mobil Corporation, Uber Technologies, Inc. and Lyft, Inc., Lucid Group, Inc. is moving on Tuesday.

7. Uber Technologies, Inc. stock has surged more than 9% after the company’s CEO Dara Khosrowshahi said, “We are very clearly on the path to profitability,” and Uber Technologies, Inc. guided for an adjusted EBITDA for the third quarter in the range of negative $25 million to positive $25 million. With today’s rally, Uber Technologies, Inc. is down 15% year to date.

The number of elite funds we track that were long Uber Technologies, Inc. rose by 5 quarter over quarter to 135 in Q2.

6. Lyft, Inc. shares are up around 5% likely due to the Uber news. Given that both Lyft, Inc. and Uber Technologies, Inc offer ride sharing, Lyft, Inc.’s financial results could potentially be stronger if Uber’s results are stronger. Lyft doesn’t have the same scale of food delivery as Uber does, however. Panayotis Takis Sparaggis‘ Alkeon Capital Management owned more than 4.7 million shares of Lyft, Inc. for the June 30, 2021 filing period.

5. Johnson & Johnson is up around 0.5% after the company said trial data showed that a two dose version of the company’s vaccine provides 94% protection against symptomatic infection. Currently, Johnson & Johnson only has a single shot vaccine that’s been approved and that vaccine has considerably less effectiveness than the two shot version.

Johnson & Johnson chief scientific officer Dr. Paul Stoffels’ said, “We now have generated evidence that a booster shot further increases protection against COVID-19 and is expected to extend the duration of protection significantly.”

Of the 873 elite funds we track, 88 were long Johnson & Johnson at the end of Q2.

4. QuantumScape Corporation (NYSE:QS) has rallied 13% on Tuesday after the company announced it recently signed an agreement with a second top ten automotive original equipment manufacture by global revenues in which the OEM committed to collaborate with QuantumScape Corporation to evaluate prototypes of QuantumScape Corporation’s solid-state battery cells and to purchase 10MWh of capacity from the company’s pre-pilot production line facility for inclusion in pre-series vehicles, subject to satisfactory validation of intermediate milestones.

Jonathan Soros‘ JS Capital was long 2.295 million shares of QuantumScape Corporation at the end of June.

3. Bausch Health Companies Inc. (NYSE:BHC) has rallied more than 7% after Chris Schott of JPMorgan said the sum of the parts value of Bausch Health Companies Inc. was around $40 per share, giving the stock considerable upside. Bausch Health Companies Inc. has outperformed the S&P 500 so far in 2021 with a year to date rally of 31%.

Carl Icahn‘s Icahn Capital LP was long more than 34.1 million shares of Bausch Health Companies Inc. at the end of June.

2. Blackstone Inc. (NYSE:BX) is up around 1.4% due to the broader market recovery. Given Blackstone Inc.’s potential growth in China in the future, Blackstone Inc. could also potentially benefit if China’s government moves to address the Evergrande situation. It isn’t clear whether China’s government will, however.

The number of elite funds we track that were long Blackstone Inc. rose by 5 from the prior quarter to 54 at the end of June 30, 2021.

1. DraftKings Inc. is down around 6% after sources told CNBC’s David Faber that DraftKings Inc. is making a $20 billion offer to buy online sports betting company Entain. DraftKings Inc. went public in 2020. Catherine D. Wood’s ARK Investment Management owned more than 13.6 million shares of DraftKings Inc. at the end of June, 2021.

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