Why These 10 Stocks Are Trending on Friday

Published November 19, 2021 at 2:30 pm EST Updated September 7, 2026 at 11:24 am EDT

In this article we take a look at the some of notable stocks that are trending today.

It’s a mixed day on Wall Street as the Dow Jones is down 0.46% but the S&P 500 and the NASDAQ 100 are up 0.21% and 0.81%, respectively. Some stocks trending on Friday include NIKE, Inc. (NYSE:NKE), Exxon Mobil Corporation (NYSE:XOM), Meta Platforms, Inc. (NASDAQ:FB), NVIDIA Corporation (NASDAQ:NVDA), Intuit Inc. (NASDAQ:INTU), Moderna, Inc. (NASDAQ:MRNA), and Pfizer Inc. (NYSE:PFE). Let’s find out why each stock is in the spotlight and see how elite funds were positioned among them.

Photo by Austin Distel on Unsplash

10. Meta Platforms, Inc. is up over 2% as the optimism over the metaverse increases. Although the profitability of the metaverse is still unproven, Meta Platforms, Inc. has billions of users and substantial capital to make the metaverse into a reality. The market itself may be pretty optimistic on the metaverse given that shares of NVIDIA Corporation have surged recently. Billionaire Mark Zuckerberg owns substantial shares in Meta Platforms, Inc..

9. NVIDIA Corporation continued its rally from yesterday by rallying another 3.8% today. Yesterday, NVIDIA Corporation reported stronger than expected growth given strong demand for AI chips. Demand for NVIDIA Corporation’s AI chips could grow even further given the future metaverse spending by tech companies. GQG Partners owned 15,135,970 shares of NVIDIA Corporation at the end of Q3.

8. Intuit Inc. surged 8.79% after the company reported Q1 EPS of $1.53 versus the consensus of $0.99. Sales were $2 billion versus the consensus of $1.81 billion. For FY22, Intuit Inc. sees EPS of $11.48-$11.64 versus the consensus of $11.23. Fundsmith LLP was long 4,582,539 shares of Intuit Inc. at the end of September.

7. Moderna, Inc. has risen over 7% after the FDA authorized Moderna vaccine booster shots for all adults in the United States. With the approval, Moderna, Inc. could have more demand. Theleme Partners was among the elite fund holders of Moderna, Inc. at the end of Q3.

6. Pfizer Inc. is trending after the FDA also authorized Pfizer Covid vaccine booster shots for all adults in the United States. With more people eligible, Pfizer Inc. could potentially benefit from more demand too. Renaissance Technologies was long 7,457,601 shares of Pfizer Inc. at the end of September.

Like Meta Platforms, Inc., NVIDIA Corporation, Intuit Inc., Moderna, Inc., and Pfizer Inc., NIKE, Inc. and Exxon Mobil Corporation are trending.

5. NIKE, Inc. has risen over 2% after the company announced a 11% increase in its first quarter dividend. For the period, NIKE, Inc. will pay a quarterly cash dividend of 30.5 cents, up 3 cents from the prior dividend. Renaissance Technologies was long 3,583,700 shares of NIKE, Inc. at the end of September.

4. Exxon Mobil Corporation declined more than 4.3% on Friday after crude futures fell 2.9%. Crude futures have rallied substantially over the past year and there could be some profit taking involved. Despite today’s decline, Exxon Mobil Corporation is still up 46% year to date. GQG Partners owned 26,589,951 shares of Exxon Mobil Corporation at the end of Q3.

3. Chevron Corporation (NYSE:CVX) has fallen over 2% also due to crude futures declining 2.9%. Given Chevron Corporation depends on oil for a substantial part of its sales, lower oil prices could mean less profits. Shares of Chevron Corporation are still up 32% year to date. Diamond Hill Capital owned 5,163,512 shares of Chevron Corporation at the end of September.

2. Baker Hughes Company (NYSE:BKR) is down around 5% given the lower energy prices. If oil prices are lower, demand for oil service companies like Baker Hughes Company might not be as strong as before. Millennium Management was long 2,892,378 shares of Baker Hughes Company at the end of Q3.

1. Schlumberger Limited (NYSE:SLB) has fallen 6% also due to the decline in oil prices today. With lower Brent prices, demand for Schlumberger Limited’s services internationally might not be as strong. Fisher Asset Management was among the elite fund holders of Schlumberger Limited at the end of Q3.