Why These 10 Stocks Trended This Week

Published October 30, 2021 at 11:52 am EDT Updated September 7, 2026 at 1:05 pm EDT

In this article we will take a look at the some notable stocks that trended this week.

This week many stocks trended for various reasons. Stocks that were in the spotlight this week include Chevron Corporation (NYSE:CVX), Starbucks Corporation (NASDAQ:SBUX), Amazon.com, Inc. (NASDAQ:AMZN), Meta Platforms, Inc. (NASDAQ:FB), Alphabet Inc. (NASDAQ:GOOG), Tesla, Inc. (NASDAQ:TSLA), and Exxon Mobil Corporation (NYSE:XOM). Let’s analyze why each stock trended and how elite funds were positioned among them.

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Jeff Bezos

10. Amazon.com, Inc. rose around 1% this week despite missing on earnings and revenue estimates for Q3 and giving weaker than expected guidance for Q4. For the third quarter, Amazon.com, Inc. earned $6.12 per share on revenues of $110.81 billion, versus estimates of $8.92 per share on revenues of $111.6 billion. For the fourth quarter, Amazon expects sales of $130-$140 billion versus the consensus of $142.1 billion. One bright spot was Amazon Web Services which saw sales rise 39% to $16.11 billion, beating estimates. Billionaire Jeff Bezos owned substantial shares of Amazon.com, Inc. at the end of June.

9. Meta Platforms, Inc. trended after reporting EPS of $3.22 versus the average estimate of $3.19 for the third quarter. Sales for the period was $29.01 billion versus the consensus of $29.58 billion. Facebook also was in the spotlight after announcing it will change its name to Meta. Meta Platforms, Inc. was one of the most widely held stocks among smart money funds in our database at the end of June.

8. Alphabet Inc. rose 6.8% this week thanks in large part due to strong third quarter results. For the period, Alphabet Inc. reported EPS of $27.99 versus the expected $23.50 and sales excluding traffic acquisition costs of $53.62 billion versus the expected $52.62 billion. Alphabet’s YouTube ad sales rose 43% to $7.2 billion and the company’s Google Cloud sales rose 45% to nearly $5 billion. Alphabet Inc. is also one of the most widely held stocks among elite funds in our database at the end of Q2.

7. Tesla, Inc. was in the spotlight this week after it surpassed $1 trillion in market cap. Although it isn’t as profitable as the major automakers, the market is pricing the stock such that Elon Musk’s company Tesla, Inc. will likely have more profit growth in the future than its peers. Catherine D. Wood’s ARK Investment Management owned more than 5.4 million shares of Tesla, Inc. at the end of June.

6. Exxon Mobil Corporation trended this week after announcing strong earnings results for the third quarter of $1.58 per share versus the average estimate of $1.56 per share. Exxon Mobil Corporation has also pledged to bring back its share repurchase program in 2022. 68 funds in our database of around 873 elite funds were long Exxon Mobil Corporation at the end of Q2.

Like Amazon.com, Inc., Meta Platforms, Inc., Alphabet Inc., Tesla, Inc., and Exxon Mobil Corporation, Chevron Corporation and Starbucks Corporation trended this week.

5. Chevron Corporation was in the spotlight this week after the company reported strong earnings results for the third quarter. For the period, Chevron earned an adjusted $2.96 per share versus the consensus of $2.21 per share. Chevron Corporation’s earnings have been helped by higher oil prices as the global economy recovers. Ken Fisher’s Fisher Asset Management was long more than 6.25 million shares of Chevron Corporation at the end of September.

4. Starbucks Corporation trended this week after the company reported earnings for the quarter. Although the company’s fourth quarter adjusted earnings per share of $1 was ahead of the consensus of $0.99, Starbucks Corporation’s sales of $8.1 billion was below the average of $8.21 billion. Following the earnings report, Brian Bittner of Oppenheimer lowered his price target to $130 from $140 but has an ‘outperform’ rating. Overall shares of Starbucks Corporation fell 7.56% over the past week. Ken Fisher‘s Fisher Asset Management owned more than 8.33 million shares of Starbucks Corporation at the end of September.

3. Zendesk, Inc. (NYSE:ZEN) fell 14.49% on Friday after the company announced it had agreed to buy SurveyMonkey’s parent, Momentive Global. Although management expects the acquisition to add value, the market isn’t as certain. Steve Cohen’s Point72 Asset Management owned 1,022,703 shares of Zendesk, Inc. at the end of June.

2. Momentive Global Inc. (NASDAQ:MNTV) fell more than 8% on Friday despite agreeing to sell to Zendesk. Since the deal is all stock, Momentive Global could have downside if the merger doesn’t succeed. Tiger Global Management LLC owned 698,871 shares of Momentive Global Inc. at the end of June.

1. eBay Inc. (NASDAQ:EBAY) was in the spotlight this week after reporting third quarter adjusted EPS of $0.90 versus the average estimate of $0.89. Revenue was $2.5 billion, up 11% year over year. Seth Klarman’s Baupost Group was long 14,890,623 shares of eBay Inc. at the end of Q2.

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