10 Top-Traded US Stocks for Wednesday (7/14)

On Wednesday, the $Dow Jones Industrial Average(.DJI.US)$rose 44 points, helped by a 2.4% gain in $Apple(AAPL.US)$'s stock. The $S&P 500 Index(.SPX.US)$climbed 0.12% after hitting an intraday record earlier in the session. The $Nasdaq Composite Index(.IXIC.US)$was the relative underperformer, dipping 0.2%. However, the Nasdaq 100 closed at an all-time high.

On Wednesday, $Apple(AAPL.US)$stock rose 2.4%, hitting yet another all-time high on a report that Apple is telling suppliers that it wants to boost iPhone production by 20% in 2021. AAPL stock is extended from a recent breakout.

For the second day in a row, $Tesla(TSLA.US)$stock dropped Wednesday, closing the day down 2.3%. In a report out late Tuesday, IBD discussed a call held with investors by Lucid management, a new electric car company.

According to Lucid's promotional materials, their new Air beats Tesla's Model S in battery efficiency. And Lucid is boasting that with reservations for the sale of 10,000 cars already, it is sitting on a sales pipeline worth $900 million.

Shares of $NVIDIA(NVDA.US)$have outperformed the Semiconductor industry in the year-to-date period. Analysts believes that NVIDIA has been benefiting from the work-from-home and learn-at-home wave.

Tech giant $Microsoft(MSFT.US)$added 0.5% and closed at a record high after saying it will offer its Windows operating system as a cloud-based service, aiming to make it easier to access business apps that need Windows from a broader range of devices.

Chief Executive Officer Satya Nadella said the company “is on the right side of history” in the antitrust debates about whether big technology companies abuse user privacy and squash competition.

While Congress and U.S. regulators have clashed with $Facebook Inc(FB.US)$, $Alphabet-A(GOOGL.US)$ $Alphabet-C(GOOG.US)$, $Amazon(AMZN.US)$, and $Apple(AAPL.US)$over the companies' business practices, $Microsoft(MSFT.US)$hasn't received the same kind of scrutiny more than 20 years after it was sued by the U.S. Justice Department on antitrust issues.

Shares of $AMC Entertainment(AMC.US)$gained strong downside momentum after the stock managed to settle below the 50 EMA at $39.65.

The release of the Black Widow boosted viewership but failed to support the company's shares as the market began to focus on valuation.

$Bank of America(BAC.US)$dropped 2.5% after the lender posted its quarterly results and detailed its sensitivity to low interest rates.

Movers & Shakers for Wednesday