Why These 5 Stocks Are Trending on Tuesday

In this article we take a look at five stocks that are trending on Tuesday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are Trending on Tuesday.

5. DuPont de Nemours, Inc. (NYSE:DD) 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. (NYSE:DD) 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. (NYSE:DD) at the end of Q2.

4. Rogers Corporation (NYSE:ROG) 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 (NYSE:ROG) 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. (NASDAQ:CAR) is fairly high, the stock can be volatile. Two Sigma Advisors was long 932,2000 shares of Avis Budget Group, Inc. (NASDAQ:CAR) 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 (NYSE:CLX) 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. (NYSE:SPG) at the end of June.

Disclosure: None.