Top 5 Trending Stocks Today: Market Overview

Today, the U.S. stock markets demonstrated a noticeable downturn, with the Dow Jones index decreasing by around 120 points, settling at 44,421.91. The NASDAQ index fell by 1.2% to reach 19,391.96, while the S&P 500 index dropped 0.8%, closing at 5,994.57.

The following are the top stocks that captured the interest of retail traders and investors during the trading hours:

Palantir Technologies Inc.

Palantir Technologies marked a slight gain, rising by 1.52% to close at $83.74. The stock's intraday movements showed a high of $84.25 and a low of $78.47, with a 52-week high also at $84.25 and a low of $15.67. Notably, Palantir surged impressively by 22.75% in after-hours trading, climbing to $102.79, thus exceeding Jim Cramer's prediction of $100. Cramer reiterated his positive outlook on the stock. Analyst Dan Ives from Wedbush described Palantir's earnings as a significant expansion moment, eyeing its potential comparable to Oracle in the rapidly evolving AI sector. On Monday, it was reported that Palantir's fourth-quarter revenue reached $827.5 million, surpassing the consensus expectation of $775.91 million.

NVIDIA Corporation

NVIDIA experienced a decline of 2.84%, closing at $116.66. Throughout the day, the stock recorded a high of $118.57 and a low of $113.01, with the 52-week range fluctuating between $66.25 and $153.13. This decrease followed the implementation of tariffs on imports from China, Mexico, and Canada, which have negatively impacted technology stocks.

PayPal Holdings Inc.

PayPal saw a modest increase of 1.05%, finishing the day at $89.51. The stock traded within a range of $89.71 for the high and $86.00 for the low, and it has a 52-week range between $55.77 to $93.64. Investors are keenly looking forward to the company’s upcoming fourth-quarter earnings report, scheduled for release on Tuesday, with projected results of $1.12 earnings per share (EPS) and $8.26 billion in revenue.

Costco Wholesale Corporation

Costco's shares rose by 2.65%, closing at $1005.83. The stock achieved an intraday high of $1009.61 and a low of $968.94, with its 52-week high mirroring the intraday peak and a low at $697.27. Recent ratings from analysts have exhibited mixed opinions regarding Costco’s outlook. The 12-month price target for the stock has been increased to an average of $1,041.75, reflecting a 7.35% rise from $970.38, with estimates scattered between $900 and $1,175.

Tesla, Inc.

Tesla's stock faced a sharp decline of 5.17%, closing at $383.68. The intraday peak was $389.17, while the stock dipped to a low of $374.36. Tesla's 52-week range is between $138.80 and $488.54. The recent fall has been attributed to the announcement of new tariffs on imports originating from Canada, Mexico, and China, severely influencing the stock’s performance.

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