10 Top-Traded US Stocks for Tuesday (6/29)

Movers and Shakers wrote a column · Jun 29, 2021 21:26

Wednesday is the last day of the second quarter and the final day of the first half of 2021. So far in the year, the $S&P 500 Index(.SPX.US)$is up 14%, while the $Nasdaq Composite Index(.IXIC.US)$and the $Dow Jones Industrial Average(.DJI.US)$are up 12% apiece. For the quarter, the S&P 500 is up 8%. The S&P 500 and Nasdaq all posted fresh record closes on Tuesday.

10 Top-Traded US Stocks for Tuesday (6/29)

Good first halves usually bode well for the rest of the year

Whenever there has been a double-digit gain in the first half, the Dow and S&P 500 have never ended that year with an annual decline, according to Refinitiv data going back to 1950.

Homebuilder stocks rose Tuesday after S&P CoreLogic Case-Shiller published its National Home Price Index, which showed home prices rose more than 14% in April from the previous year and several major cities in the U.S. had their highest annual price gains. $Lennar Corp(LEN.US)$rose almost 1% and $PulteGroup(PHM.US)$rose 1.9%.

10 top-traded US stocks for Tuesday

$Tesla(TSLA.US)$tops the ranking again and dropped 1.16% during the session. UBS cuts Tesla's price target by roughly 10%, from $730 to $660, citing growing competition.

$Apple(AAPL.US)$, $Facebook Inc(FB.US)$, $NVIDIA(NVDA.US)$, $Amazon(AMZN.US)$and $Microsoft(MSFT.US)$rank from second to sixth, with turnovers above $5 billion.

$Marin Software(MRIN.US)$joins the Reddit meme rally and surged 30.67%. Marin last week announced an enhancement to ad management software that allows users to manage ads placed on online grocery platform Instacart, providing new options for targeting online shoppers with targeted ads.

The added ability to its platform will help advertisers better optimize the $40 billion they spend in digital advertising geared to target consumers to buy goods and services that complement what they are already looking to purchase.

$Advanced Micro Devices(AMD.US)$ranks eighth and gained 2.8% as its competitor Intel reports to delay its new version of Xeon server chip.

$Boeing(BA.US)$sank 1.75% while the market rose. United Airlines is overhauling its fleet with the biggest jetliner order in company history and agreed to buy 200 Boeing 737 Max jets.

$AMC Entertainment(AMC.US)$ranks tenth and fell 2.89%.

Movers & Shakers for Tuesday