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10 Top-Traded US Stocks for Monday (6/28)

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Movers and Shakers wrote a column · Jun 28, 2021 20:27
Stocks rose to new highs during regular trading on Monday amid strength in Big Tech. The $S&P 500 Index(.SPX.US)$ advanced 0.23%, registering its third straight record close. The $Nasdaq Composite Index(.IXIC.US)$ gained nearly 1%, posting its fifth positive session in the last six, and also closed at a new high. The $Dow Jones Industrial Average(.DJI.US)$, however, dipped 151 points amid a pullback in $Boeing(BA.US)$ and $Chevron(CVX.US)$, among other names.
10 Top-Traded US Stocks for Monday (6/28)
LPL Financial: Investors should stay overweight stocks relative to bonds
Growth stocks continued to outperform on Monday, with the $Russel 2000 ETF(BK2714.US)$ rising nearly 1% while its value counterpart finished in the red. The value trade was outperforming for much of the year, but recently investors have rotated back into growth-oriented areas of the market. These stocks are up 6% for June, while value's down more than 1%.
"The breakout to new highs in Growth was the catalyst to push the S&P 500 to new highs," MKM Partners chief market technician JC O'Hara noted. "We see the situation where Growth may continue to outperform Value in the weeks ahead," he said, based on technical analysis.

10 top-traded US stocks for Monday
10 Top-Traded US Stocks for Monday (6/28)
$Tesla(TSLA.US)$ tops the ranking again and gained 2.51% during the session.
$Facebook Inc(FB.US)$ ranks second and surged 4.18% after the favorable legal ruling that dismissed an antitrust complaint brought by the FTC. Facebook has hit $1 trillion in market capitalization, being the fifth U.S. company to hit the milestone, joining Apple, Microsoft, Amazon and Google-parent company Alphabet.
$NVIDIA(NVDA.US)$ ranks third and saw its equity jump 5% after it received support for its planned $40 billion takeover of U.K.-based chip designer Arm.
$Apple(AAPL.US)$ and $Amazon(AMZN.US)$ follow and each gained 1.25%.
$Virgin Galactic(SPCE.US)$ ranks sixth and dropped 1.91% after its 40% surge last Friday when the Federal Aviation Administration (FAA) granted the company a license needed to begin flying passengers to space.
However, analysts believe that its stocks need to seriously come back down to Earth, and fast. According to analysts at research firm Paragon Intel, Virgin Galactic will likely not be positioned to carry paying customers until at least early 2022. More importantly, the reservation list has not expanded from 600 customers since 2018, and the company will remain too capacity-constrained to serve this limited customer group or meet consensus expectations for revenues in 2025.
$AMC Entertainment(AMC.US)$ continued its rally Monday to gain 7.5%.
$NIO Inc(NIO.US)$ stocks were moving 9.6% higher on Monday after the company said it will hold an "NIO Power Day" event next month.
$Boeing(BA.US)$ fills the last position on the list. However, its stocks fell 3.4% after the Federal Aviation Administration said in a letter that Boeing's 777X long-range aircraft likely won't be approved to fly until mid- to late-2023 at the earliest. The FAA's letter to Boeing said that there were numerous technical issues that needed to be resolved.
Movers & Shakers for Thursday
10 Top-Traded US Stocks for Monday (6/28)
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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