Marketwatch , trending stocks and more

Jun 16, 2023 thejournalbiz

Stocks are moving between small gains and losses Friday, but they’re still on track for weekly gains.

Equities have rallied this week despite central-bank decisions in the U.S. and Europe that showed policymakers aren’t yet finished raising rates

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Marketwatch:

Adobe (ADBE): Stock rose 3%
iRobot (IRBT): Stock jumped 19%
Micron (MU): Shares fell 1.8%
Cava (CAVA): stock declined over 8%
Nikola (NKLA): EV stock rallied 7%
Microsoft (MSFT): stock down slightly 2%
Virgin Galactic (SPCE): The stock soared 21%#StocksToBuy pic.twitter.com/Sy7f64fKBv

— The_Journalbiz (@the_journalbiz) June 16, 2023

Factset chart on trending stocks

Trending stocks today are:

Adobe (ADBE): The software company’s stock rose 3% in morning trading after Adobe posted second-quarter earnings that topped analysts’ expectations.

iRobot (IRBT): Stock jumped 19% after the U.K. competition regulator approved a $1.7 billion takeover by Amazon.com (AMZN).

Micron (MU): Shares fell 1.8% after the memory-chip company said it would invest about $600 million to expand in China, about a month after Beijing blacklisted it.

Cava (CAVA): The restaurant chain’s stock declined over 8% after roughly doubling in Thursday’s market debut.

Nikola (NKLA), Lordstown Motors (RIDE): The electric-vehicle makers’ stocks rallied, building on Thursday’s surge that came as investors return to some speculative favorites.

Microsoft (MSFT): The stock was down slightly after closing at an all-time high Thursday in their sixth straight session of gains.

Virgin Galactic (SPCE): The stock leapt 21% after the space-tourism company founded by billionaire Richard Branson said it was poised to start commercial spaceflights this month.