Why These 5 Stocks Surged on Tuesday

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

5. Cadence Design Systems, Inc. (NASDAQ:CDNS) increased 3.3% after the company exceeded Wall Street estimates for the third quarter with adjusted profit of $0.80 per share on sales of $751 million. Wall Street was expecting $0.75 per share and $741 million instead. GLG Partners was among the elite fund holders of Cadence Design Systems, Inc. (NASDAQ:CDNS) at the end of June.

4. Invesco Ltd. (NYSE:IVZ) rose more than 3.3% on Tuesday after the company reported adjusted EPS of $0.77, beating estimates by $0.04. Invesco Ltd. (NYSE:IVZ)’s revenue also rose 22% year over year to $1.33 billion. Invesco Ltd. (NYSE:IVZ)’s top line met market estimates. Trian Partners owned more than 36.7 million shares of Invesco Ltd. (NYSE:IVZ)at the end of Q2.
3. Hasbro, Inc. (NASDAQ:HAS) rose 3.2% on Tuesday after the company reported quarterly earnings of $1.96 per share, or 27 cents per share higher than the consensus forecast. Revenue of $1.97 billion was in-line with estimates. Jim Simons‘ Renaissance Technologies was long 376,800 shares of Hasbro, Inc. (NASDAQ:HAS) at the end of June.

2. Centene Corporation (NYSE:CNC) surged more than 4.4% after the company reported adjusted EPS of $1.26 for Q3, versus the consensus of $1.25. Sales rose 11.4% year over year to $32.41 billion. Viking Global owned almost 11.2 million shares of Centene Corporation (NYSE:CNC) at the end of June.

1. Las Vegas Sands Corp. (NYSE:LVS) increased 2.7% on Tuesday due to improved sentiment. Although there was no company specific news, Las Vegas Sands Corp. (NYSE:LVS) nevertheless has strong potential if its headwinds in Macau decrease.  D E Shaw owned more than 5.8 million shares of Las Vegas Sands Corp. (NYSE:LVS) at the end of June.

Disclosure: None.