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Intel, Ford, Enphase Energy, Tesla, Roku: Why These 5 Stocks Are Trending Today

U.S. stocks ended in the red on Thursday, with the Dow Jones falling more than 200 points. The Dow traded down 0.67% to 35,282.72 while the NASDAQ fell 0.55% to 14,050.11. The S&P 500 also fell, dropping 0.64% to 4,537.41. The overall market performance was influenced by various factors, including the performance of leading and lagging sectors and the earnings reports of several major companies.

Read More:- This Leading Market Indicator Has Never Been Wrong: Here’s Where It Says Stocks Are Headed Next

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Intel Corporation (NASDAQ:INTC)

Intel’s stock remained relatively flat, closing with a slight increase of 0.55% at $34.55. The intraday high was $35.03, and the low was $34.11. The 52-week high and low are $40.42 and $24.59, respectively. The company reported second-quarter revenue of $12.9 billion, which was down 15% year-over-year but came in ahead of a Street consensus estimate. Earnings per share of 13 cents beat a Street consensus estimate of a loss of 3 cents per share.

Ford Motor Company (NYSE:F)

Ford’s stock saw a modest increase of 0.44%, closing at $13.73. The intraday high was $13.98, and the low was $13.7. The 52-week high and low are $16.68 and $10.9, respectively. The company reported solid second-quarter results and raised expectations for the full year 2023.

Enphase Energy, Inc (NASDAQ:ENPH)

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Enphase’s stock took a hit, dropping by 3.78% to close at $166.8. The intraday high was $175.59, and the low was $166.25. The 52-week high and low are $339.92 and $152.15, respectively. Despite beating the analyst consensus estimate for quarterly earnings, the company’s stock plunged after its second-quarter earnings report. Enphase’s Board of Directors recently authorized a new share repurchase program, under which they may repurchase up to $1.0 billion of the company’s common stock.

Tesla, Inc (NASDAQ:TSLA)

Tesla’s stock experienced a decline, dropping by 3.27% to close at $255.71. The intraday high was $269.13, and the low was $255.3. The 52-week high and low are $314.67 and $101.81, respectively. The company filed a U.S. Patent application for neural networks for embedded devices and will be opening a new showroom in Connecticut this fall.

Roku Inc (NASDAQ:ROKU)

Read More:- A Bear Market Ahead? Insiders Are Waving a Red Flag.

Roku’s stock saw a significant drop, decreasing by 4.59% to close at $68.19. The intraday high was $73.8, and the low was $67.7. The 52-week high and low are $89.54 and $38.26, respectively. Despite this, the company’s shares traded nearly 9% higher during Thursday’s after-hours session following the company’s second-quarter earnings print.

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