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Stock Market Roundup, Jan. 24: Stocks Gain Behind F, GM, FCAU, BABA
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Stocks climbed throughout the day on Tuesday as investors reacted to a barrage of positive earnings reports and sales numbers, including impressive figures from Alibaba and the perpetually-struggling GoPro, as well as President Trump’s meeting with Detroit automakers that alluded to reduced taxes and rolled-back environmental regulations.
After President Trump made some public comments in front of the press ahead of his meeting with automaker CEOs, shares of General Motors (GM - Free Report) , Ford Motors (F - Free Report) , and Fiat Chrysler are gaining on Tuesday. Investors seem to be reacting to the president’s promises related to relaxing environmental regulations and making it easier for domestic carmakers to operate in the United States.
On Tuesday, shares of wearable action camera maker GoPro Inc. (GPRO - Free Report) are popping, up over 8% in morning trading after the company looks to have sold more cameras than expected during the recent holiday season, according to Pacific Crest analysts.
Shares of Alibaba Group (BABA - Free Report) opened more than 3% higher Tuesday after the company released its financial results for the quarter ended December 31, 2016. The Chinese e-commerce giant posted earnings of $1.09 per share and revenues of $7.669 billion.
On Tuesday, shares of medical device company InVivo Therapeutics are gaining big, up almost 15% in afternoon trading on news that a patient in its INSPIRE study has significantly improved.
Zacks' Top 10 Stocks for 2017
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Stock Market Roundup, Jan. 24: Stocks Gain Behind F, GM, FCAU, BABA
Stocks climbed throughout the day on Tuesday as investors reacted to a barrage of positive earnings reports and sales numbers, including impressive figures from Alibaba and the perpetually-struggling GoPro, as well as President Trump’s meeting with Detroit automakers that alluded to reduced taxes and rolled-back environmental regulations.
Zacks Rank #1 (Strong Buy) Top Movers
Value: Angang Steel - +6.10%
Growth: MasTec, Inc. (MTZ - Free Report) - +10.65%
Momentum: HudBay Minerals (HBM - Free Report) - +9.29%
VGM: MTZ
Major Indexes
DOW: 19,920.16 / +120.31 / +0.61%
NASDAQ: 5,602.32 / +49.38 / +0.89%
S&P 500: 2,281.50 / +16.30 / +0.72%
Top Headlines
Detroit Automaker Stocks Pop Following Trump Meeting
After President Trump made some public comments in front of the press ahead of his meeting with automaker CEOs, shares of General Motors (GM - Free Report) , Ford Motors (F - Free Report) , and Fiat Chrysler are gaining on Tuesday. Investors seem to be reacting to the president’s promises related to relaxing environmental regulations and making it easier for domestic carmakers to operate in the United States.
GoPro Popping on Surprise 'Healthy' Holiday Sales
On Tuesday, shares of wearable action camera maker GoPro Inc. (GPRO - Free Report) are popping, up over 8% in morning trading after the company looks to have sold more cameras than expected during the recent holiday season, according to Pacific Crest analysts.
Here's Why Alibaba Stock Popped After Earnings
Shares of Alibaba Group (BABA - Free Report) opened more than 3% higher Tuesday after the company released its financial results for the quarter ended December 31, 2016. The Chinese e-commerce giant posted earnings of $1.09 per share and revenues of $7.669 billion.
Here's Why InVivo Therapeutics is Gaining Today
On Tuesday, shares of medical device company InVivo Therapeutics are gaining big, up almost 15% in afternoon trading on news that a patient in its INSPIRE study has significantly improved.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>