In this article, we take a look at five stocks that are making headlines today. If you want to take a look at some more stocks that are trending on Tuesday and the latest market situation, go to 10 Stocks Making Headlines Today.
5. Netflix, Inc. (NASDAQ:NFLX) is up 0.66% as of 12:22 PM ET after reports that the Los Gatos, California-based streaming giant may launch an advertisement-supported streaming video service before the end of this year. During the earnings call, the co-CEO Reed Hastings commented that Netflix, Inc. (NASDAQ:NFLX) will explore the world of ad-supported video streaming services and develop a product ‘over the next year or two.’ However, the New York Times has reported that Netflix, Inc. (NASDAQ:NFLX) would introduce advertising in the last quarter of this year. Along with the rollout of an ad-supported service, Netflix, Inc. (NASDAQ:NFLX) would also crack down on password sharing to increase its user base.
As of Q4 2021, Netflix, Inc. (NASDAQ:NFLX) was held by 113 hedge funds.
4. Intel Corporation (NASDAQ:INTC) is 1.54% in the green as of 12:23 PM ET after the Santa Clara, California-based company introduced its new chip called Gaudi2 that would focus on artificial intelligence (AI) computing. The chip manufacturer is trying to build its place in the AI chip market that is currently under the dominance of NVIDIA Corporation (NASDAQ:NVDA). Gaudi2 is a product of Habana Labs, an Israeli AI chip manufacturing startup that Intel Corporation acquired (NASDAQ:INTC) back in 2019 for $2 billion. Intel Corporation (NASDAQ:INTC) intends to penetrate the AI chip market, which is expected to compound by 25% annually for the next five years and reach a size of $50 billion.
Intel Corporation (NASDAQ:INTC) was owned by 72 hedge funds as of Q4 2021.
3. AMC Entertainment Holdings, Inc. (NYSE:AMC) has plummeted 6.59% as of 12:23 PM ET after the Leawood, Kansas-based movie theatre chain received an Underperform rating at Wedbush. The price target on AMC Entertainment Holdings, Inc. (NYSE:AMC) was also lowered from $5 to $4.The target price assumes a potential downside of over 68% from the last closing price.
Of the 924 hedge funds in Insider Monkey’s database, AMC Entertainment Holdings, Inc. (NYSE:AMC) was held by 17 hedge funds at the end of Q4 2021. D E Shaw was one of the leading investors in AMC Entertainment Holdings, Inc. (NYSE:AMC) during Q4 2021.
2. EOG Resources, Inc. (NYSE:EOG) has gained 1.43% as of 12:24 PM ET after the Houston, Texas-based crude oil and natural gas exploration and production (E&P) company was upgraded from an Outperform to a Strong Buy rating by John Freeman at Raymond James. The analyst gave EOG Resources, Inc. (NYSE:EOG) stock a price target of $170, 28.4% higher than the 52-week high for the stock. Freeman stated that EOG Resources, Inc. (NYSE:EOG) reported strong quarterly results last week as it was able to outperform key metrics. Furthermore, the management announced that it intends to return 60% of FCF to its shareholders through dividends or share buyback.
As of Q4 2021, EOG Resources, Inc. (NYSE:EOG) was held by 51 hedge funds.
1. Peloton Interactive, Inc. (NASDAQ:PTON) has lost 14.45% of its value as of 12:24 PM ET after the New York-based exercise equipment, and media company was unable to impress investors and give them hope of becoming profitable. Despite hiring Barry McCarty as the new CEO, Peloton Interactive, Inc. (NASDAQ:PTON) is down 58.6% from its IPO price of $29. Peloton Interactive, Inc.’s (NASDAQ:PTON) market value stood at more than $50 billion at the start of 2021 as opposed to under $5 billion currently. The company is also under pressure from an activist investor in the form of Blackwells Capital. The hedge fund is pushing Peloton Interactive, Inc. (NASDAQ:PTON) to sell itself to a streaming giant like Netflix, Inc. (NASDAQ:NFLX) or Amazon.com, Inc. (NASDAQ:AMZN).
You can also take a peek at the 7 Best Stocks to Buy Now According to Bill Ackman and Top 10 Stocks Billionaire David Einhorn Just Added to His Portfolio.
