Why These 10 Stocks Are Trending on Tuesday

Published November 2, 2021 at 1:57 pm EDT Updated September 7, 2026 at 1:05 pm EDT

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

All three major indexes are in the green today with the Dow Jones up 0.26%, the S&P 500 up 0.29% and the NASDAQ 100 up 0.29%. Some stocks trending today include DuPont de Nemours, Inc. (NYSE:DD), Rogers Corporation (NYSE:ROG), Tesla, Inc. (NASDAQ:TSLA), Under Armour, Inc. (NYSE:UAA), BP p.l.c. (NYSE:BP), Pfizer Inc. (NYSE:PFE), Generac Holdings Inc. (NYSE:GNRC). Let’s find out why each stock is trending and how elite funds were positioned among them.

Why do we care about hedge fund activity? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021 our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

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10. Tesla, Inc. shares are down 3.5% today after Elon Musk tweeted that Tesla hasn’t signed a contract with Hertz yet. The company also said it is recalling 11,700 vehicles. Despite today’s decline, Tesla, Inc. shares are still up almost 60% year to date. Billionaire Elon Musk owns substantial shares in Tesla, Inc..

9. Under Armour, Inc. has risen around 17% after the company reported third quarter adjusted earnings of $0.31 per share, exceeding the consensus by $0.16 per share. Revenue for the period was $1.55 billion, beating the average estimate by $80 million. Under Armour, Inc. CEO Patrik Frisk said, “Our third-quarter results were driven by strong demand for the Under Armour brand and our ability to execute quickly to meet the needs of our consumers and customers.” 51 elite funds in our database owned shares in Under Armour, Inc. at the end of June.

8. BP p.l.c. (NYSE:BP) is down 4% today despite its third quarter adjusted EPS of $0.99 beating estimates by $0.07 per share. Sales for the oil giant in the period rose 37.5% year over year to $36.17 billion. Shares of BP p.l.c. (NYSE:BP) may be down given that the market might have expected even better numbers with the rally in oil prices over the past year. Ken Fisher’s Fisher Asset Management was long more than 12.6 million shares of BP p.l.c. (NYSE:BP) at the end of September.

7. Pfizer Inc. has surged 5.2% after the company reported third quarter adjusted earnings of $1.34, exceeding the estimate by $0.25 per share. Revenue for the period was $24.1 billion, up 134.4% year over year and $1.28 billion ahead of estimates. Pfizer’s sales grew substantially due to strong demand for the company’s COVID-19 vaccines. Of the 873 elite funds in our database, 67 were long shares of Pfizer Inc. at the end of Q2.

6. Generac Holdings Inc. is down 5% after the company reported weaker than expected results for the third quarter. For the period, GNRC earned an adjusted $2.35 per share, missing the estimate by $0.05 per share. Sales were $942.7 million, missing the consensus by $18.43 million. Generac Holdings Inc. is also trending because it agreed to acquire Ecobee Inc, a leader in sustainble smart home solutions, for up to $770 million. Impax Asset Management owned 615,465 shares of Generac Holdings Inc. at the end of Q2.

Like Tesla, Inc., Under Armour, Inc., BP p.l.c. (NYSE:BP), Pfizer Inc., and Generac Holdings Inc., DuPont de Nemours, Inc. and Rogers Corporation are trending.

5. DuPont de Nemours, Inc. has risen over 5% after the company reported adjusted EPS of $1.15 for Q3, beating the consensus by $0.03 per share. Sales for the period was $4.27 billion, up 17.6% year over year, and $110 million more than the average estimate. DuPont de Nemours, Inc. is also trending after the company agreed to buy Rogers Corporation for around $5.2 billion in cash. Dan Loeb’s Third Point owned 2.975 million shares of DuPont de Nemours, Inc. at the end of Q2.

4. Rogers Corporation has surged by 29.4% after DuPont announced it has entered into a definitive merger agreement to acquire Rogers Corporation for $277 in cash per share. The deal is expected to close in the second quarter of 2022 subject to customary closing conditions. ACK Asset Management was long 191,000 shares of Rogers Corporation at the end of Q2.

3. Avis Budget Group, Inc. (NASDAQ:CAR) has risen 89% today after the company reported strong third quarter results. For the period, the company reported adjusted earnings per share of $10.74, exceeding the estimate by $4.06 per share. Revenue was $3 billion, up 96.1% year over year, and $220 million ahead of estimates. Utilization was 71.6% for the quarter. Given the short interest around Avis Budget Group, Inc. is fairly high, the stock can be volatile. Two Sigma Advisors was long 932,2000 shares of Avis Budget Group, Inc. at the end of June.

2. The Clorox Company (NYSE:CLX) is up 2.7% after the company reported adjusted earnings per share of $1.21 for the fiscal first quarter, beating the estimate by $0.19 per share. Sales fell 5.7% year over year to $1.81 billion but still exceeded the consensus by $110 million. Renaissance Technologies owned over 1.06 million shares of The Clorox Company at the end of Q2.

1. Simon Property Group, Inc. (NYSE:SPG) rose 5.3% after the company reported strong third quarter results. For the third quarter, Simon Property had FFO per share of $3.13, beating the average estimate by $0.60 per share. Revenue was $1.29 billion, up 21.7% year over year, and $90 million ahead of estimates. Holocene Advisors owned 803,304 shares of Simon Property Group, Inc. at the end of June.