Why These 5 Stocks Are Trending on Tuesday

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

5. DraftKings Inc. (NASDAQ:DKNG) has surged more than 4% after the company decided not to buy Entain. DraftKings Inc. (NASDAQ:DKNG) originally was interested in Entain in late September but has now decided against making a firm offer. Catherine D. Wood‘s ARK Investment Management owned more than 13.6 million shares of DraftKings Inc. (NASDAQ:DKNG) at the end of June.


4. Lockheed Martin Corporation (NYSE:LMT) is down 12.7% after the company reported third quarter revenue of $16 billion, versus expectations of $17.1 billion. Lockheed Martin Corporation (NYSE:LMT) also expects net sales of $66 billion for 2022, versus estimates of over $70 billion. Citadel Investment Group owned 616,667 shares of Lockheed Martin Corporation (NYSE:LMT) at the end of June.


3. Corning Incorporated (NYSE:GLW) fell more than 5.8% after the company reported adjusted profit of $0.56 a share versus estimates of $0.58 a share. Sales for the period were $3.62 billion versus the consensus of $3.63 billion. GLG Partners was among the elite fund holders of Corning Incorporated (NYSE:GLW) at the end of Q2.


2. Eli Lilly and Company (NYSE:LLY) is up 1% after the company reported third quarter earnings of $1.94 a share and revenue of $6.77 billion. The company has also initiated the rolling submission for donanemab to the FDA for potential accelerated approval in early Alzheimer’s disease. Fisher Asset Management owned more than 6 million shares of Eli Lilly and Company (NYSE:LLY) at the end of Q2.


1. 3M Company (NYSE:MMM) is trending after the company reported adjusted profits of $2.45 per share for the third quarter, versus estimates of $2.20 per share. Sales for the period of $8.9 billion were ahead of estimates of $8.67 billion. Fisher Asset Management owned more than 5.3 million shares of 3M Company (NYSE:MMM) at the end of June.

Disclosure: None.