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Alibaba, Starbucks, Jetblue, Lockheed Martin, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Benzinga ·  Jan 29 01:32

The stock market experienced a notable rebound today, with tech stocks leading the charge after a challenging start to the week. The Nasdaq 100 index rose by 2%, recovering from a decline the previous day. The index ended the day at 19,733.59. This recovery was driven by investor interest in buying the dip, particularly in technology shares.

Meanwhile, the S&P 500 and Dow rose by 0.9% and 0.3% respectively. The S&P 500 ended Tuesday at 6,067.70 and the Dow at 44,850.35.

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

Alibaba Group Holding Ltd (NYSE:BABA)

Alibaba's stock surged by 6.71%, closing at $96.03. The stock reached an intraday high of $96.43 and a low of $89.90, with a 52-week range between $68.36 and $117.82. The company's cloud division unveiled a new AI model, Qwen2.5-VL, which can interpret files and videos, challenging OpenAI's Operator. This development has sparked interest in Alibaba's technological advancements.

Starbucks Corp (NASDAQ:SBUX)

Starbucks saw a modest increase of 0.37%, closing at $100.39. The stock's intraday high was $100.68, with a low of $98.59, and it has traded between $71.55 and $102.56 over the past year. The coffee giant reported first-quarter earnings that exceeded expectations, with revenue of $9.4 billion and earnings per share of 69 cents. The company's turnaround efforts have been positively received, despite a decline in comparable store sales.

JetBlue Airways Corp (NASDAQ:JBLU)

JetBlue's stock plummeted by 25.71%, ending the day at $6.01. The stock hit an intraday high of $6.98 and a low of $5.75, with a 52-week range of $4.50 to $8.31. The airline reported a smaller-than-expected loss for the fourth quarter, with an adjusted loss per share of 21 cents. Despite a decline in capacity, JetBlue anticipates a positive operating margin in 2025.

Lockheed Martin Corp (NYSE:LMT)

Lockheed Martin's shares dropped by 9.17%, closing at $457.45. The stock's intraday high was $479.73, with a low of $457.27, and it has traded between $413.92 and $618.95 over the past year. The defense contractor reported mixed fourth-quarter results, with a decline in net sales and a significant contraction in gross margin. However, the company's backlog boosts prospects for 2025.

Tesla Inc (NASDAQ:TSLA)

Tesla's stock edged up by 0.24%, closing at $398.1. The stock reached an intraday high of $400.59 and a low of $386.50, with a 52-week range between $138.80 and $488.54. The electric vehicle maker is set to report its fourth-quarter earnings, with a focus on delivery growth and advancements in autonomous technology. Analysts expect revenue to rise compared to the previous year.

Image via Shutterstock

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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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