In this article, we take a look at five stocks that are gaining today. If you want to take a look at some more stocks that are rising on Friday and the latest market situation, go to the Top 10 Gainers Today.
5. Twitter, Inc. (NYSE:TWTR) has soared 1.89% as of 12:18 PM ET after Dan Ives at Wedbush noted that a “high stakes” poker game is taking place between Elon Musk and Twitter, Inc. (NYSE:TWTR). The analyst anticipates Musk to place a tender offer to the shareholders of Twitter, Inc. (NYSE:TWTR). If that tender offer is accepted by 35% to 40% of the shareholders, the Board of Directors will come under pressure to take action. Twitter, Inc. (NYSE:TWTR) has already implemented a poison pill, which would dilute Tesla’s CEO’s stake if he attempts to buy more than 15% of the company. Presently, Musk owns a 9.2% stake in Twitter, Inc. (NYSE:TWTR).
As of Q4 2021, Twitter, Inc. (NYSE:TWTR) was held by 83 hedge funds.
4. Schlumberger Limited (NYSE:SLB) has seen the value of its stock increase by 4.72% as of 12:18 PM ET after the Houston, Texas-based oilfield equipment and services company reported strong revenue and EPS results for Q1 2022. Schlumberger Limited (NYSE:SLB) also raised its dividend by 40% to 17.5 cents due to strong commodity prices and energy demand globally. Revenue increased by 14.2% YoY to $5.96 billion and surpassed analysts’ estimate of $5.9 billion. Meanwhile, the non-GAAP EPS of 34 cents was one cent higher than the analysts’ forecast. Analysts at Tudor, Pickering, Holt & Co. have termed the dividend hike as ‘a very welcome surprise.’ Despite the conflict between Ukraine and Russia causing operational challenges, Schlumberger Limited (NYSE:SLB) did not report a write-down from its operations in Russia.
Of the 924 hedge funds in Insider Monkey’s database, Schlumberger Limited (NYSE:SLB) was held by 47 hedge funds as of Q4 2021.
3. Establishment Labs Holdings Inc. (NASDAQ:ESTA) has risen 9.13% as of 12:19 PM ET after the target price of the Costa Rica-based medical device and aesthetics company was increased by 31.57% to $125 by Joshua Jennings at Cowen. Jennings maintained an Outperform rating on Establishment Labs Holdings Inc. (NASDAQ:ESTA) stock. The analyst believes that the global breast implant industry will be revolutionized by the two-year results of the Motiva IDE, revealed at The Aesthetic Meeting in San Diego. The industry-leading safety profile of Motiva was recognized during the meeting, and low risk is being seen in the FDA approval process.
Overall, Establishment Labs Holdings Inc. (NASDAQ:ESTA) was held by 13 hedge funds at the end of Q4 2021.
2. JD.com, Inc. (NASDAQ:JD) is up 4.62% as of 12:19 PM ET after the Chinese e-commerce company announced that it is considering giving out a special dividend on or around May 4. This development has surprised the shareholders and has been positively welcomed by Alicia Yap at Citi. The analyst has given a price target of $97 with a Buy rating on JD.com, Inc. (NASDAQ:JD) stock, highlighting that the special dividend is both ‘surprising and positive.’ Furthermore, it also reflects that JD.com, Inc. (NASDAQ:JD) has the potential to generate cash flows.
The company also increased its share repurchase plan from $2 billion to $3 billion. It could execute another share buyback plan of $2.2 billion. However, the analyst thinks that giving value to the shareholders through share repurchase is more challenging compared to a special dividend, especially during a challenging macro environment.
Out of the 924 hedge funds being tracked by Insider Monkey, JD.com, Inc. (NASDAQ:JD) was held by 67 hedge funds as of Q4 2021.
1. Electronic Arts Inc. (NASDAQ:EA) has risen 1.69% as of 12:20 PM ET after the coverage of the California-based video company was initiated by Matti Littunen at Bernstein with an Outperform rating. The analyst gave a price target of $157, reflecting a potential upside of 26.87% from the last closing price. Littunen sees the $180 billion video game industry as the “best structural growth opportunity” in the media sector. The analyst thinks that Electronic Arts Inc. (NASDAQ:EA) is oversold given its ‘quality and growth potential.’ He further stated that Electronic Arts Inc. (NASDAQ:EA) has learned from prior mistakes and has formed a mature business strategy.
Overall, Electronic Arts Inc. (NASDAQ:EA) was held by 41 hedge funds as of Q4 2021.
You can also take a peek at the 10 Best Semiconductor Stocks to Buy for 2022 and 10 Electric Car Stocks to Buy for 2022.
