Marketwatch, trending stocks

May 30, 2023 thejournalbiz

Stocks were mixed and Treasury yields fell after a tentative deal was struck to raise the U.S. debt ceiling over the long weekend.

Investors are waiting to see if the agreement reached by President Biden and House Speaker Kevin McCarthy can be implemented by the June 5 deadline

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Marketwatch:

Nvidia (NVDA):The company touched a $1 trillion valuation
Tesla (TSLA):Stock rose in morning trading
Ford (F): shares were recently up 4%
C3 ai (AI): The company's shares jumped in morning trading
HP (HPQ): Set to post earnings after markets close#Trending #Stocks pic.twitter.com/M1ojew2fcG

— The_Journalbiz (@the_journalbiz) May 30, 2023

Factset chart on trending stocks

Nvidia (NVDA): The company touched a $1 trillion valuation when markets opened as investor enthusiasm for AI technology continued. Other chipmakers’ stocks also rallied.

Tesla (TSLA): China’s foreign ministry said Chief Executive Officer Elon Musk, while visiting China, opposes decoupling the U.S. and Chinese economies. Tesla’s stock rose in morning trading.

Ford (F): The auto maker’s shares were recently up 4%, on pace for their highest close in more than a month, according to Dow Jones Market Data. The stock is on pace to rise for a fourth session in the last five.

PDD (PDD): The company’s American depositary shares fell in morning trading. The firm, which owns the Chinese e-commerce platform Pinduoduo, reported earningsthat beat expectations on Friday.

Iovance Biotherapeutics (IOVA): Shares leaped after the Nasdaq-listed biotechnology company said that the U.S. Food and Drug Administration had accepted its license application for a melanoma drug.

C3.ai (AI): The company’s shares jumped in morning trading after it said its C3 Generative AI product was available on the AWS Marketplace.

HP (HPQ): The computer and printer maker is set to post earnings after markets close.