Major US equity indices closed flat on Tuesday after a mixed set of earnings announcements. While market participants were disappointed Goldman Sachs Group Inc GS And Johnson & Johnson JNJ Income, Bank of America Corp. BAC results exceeded expectations,
At the same time, federal Reserve Officials offered mixed views on the future monetary policy path.
Whereas Atlanta Federal Reserve President rafael bastic Said the central bank is likely to hike another rate further, St. Louis Fed President james bullard The apex body said the apex body should continue raising interest rates based on recent data that showed inflation remained persistent, according to Reuters.
Meanwhile, the following are five stocks that are grabbing investor attention:
1. Tesla Inc TSLATesla shares closed down 1.46% on Tuesday. The EV-maker is scheduled to report its earnings on Wednesday. Tesla’s earnings are expected to print 86 cents per share on revenue of $23.59 billion.
Read also: Everything You Need to Know About Tesla Stock
2. netflix inc nflxShares of the streaming giant closed 0.29% higher on Tuesday. Netflix reported first-quarter revenue of $8.16 billion, up 3.7% year-over-year. Revenue missed Street estimates of $8.18 billion, according to data from Benzinga Pro. The company reported first quarter earnings per share of $2.88, which beat the Street estimate of $2.86,
3. Western Alliance Bancorporation wallShares of the company rose close to 17% in extended trading. According to Benzinga Pro, Western Alliance reported revenue of $551.9 million in the first quarter, missing the consensus estimate of $666.44 million. The bank reported quarterly earnings of $2.30 per share, which beat estimates of $2.04 per share,
4. DraftKings Inc dkngShares of the company closed up 7.34% on Tuesday. Morgan Stanley maintained its ‘Overweight’ rating on the stock while raising the price target to $23.
5. United Airlines Holdings Inc ual: On Tuesday, the company’s shares closed with a gain of 1.56%. United reported first-quarter revenue of $11.43 billion, beating the average analyst estimate of $11.42 billion, according to Benzinga Pro.
Read further: Should CRE investors fear the debt ceiling impasse?