Alibaba, Costco, BlackBerry, JD.Com, Tesla: Why These 5 Stocks Are On Investors' Radars Today
U.S. markets closed higher on Thursday, with the Dow Jones up 0.6% to 42,175.11. Key stocks included Alibaba, which rose 10.07% after launching over 100 open-source AI models; Costco, down 0.77% despite beating EPS estimates; BlackBerry, up 6.28% due to strong IoT and cybersecurity earnings; JD.com, up 14.39% following China's monetary stimulus; and Tesla, down 1.09% ahead of its robotaxi event on October 10.
U.S. markets closed higher on Thursday, with the Dow Jones Industrial Average climbing 0.6% to 42,175.11 and the S&P 500 gaining 0.4% to finish at 5,745.37. The Nasdaq also advanced 0.6%, reaching 18,190.29.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Alibaba Group Holding Limited BABA
Alibaba’s stock closed with a 10.07% increase at $105.07, hitting an intraday high of $105.97 and a low of $101.76. The 52-week range for the stock is $66.63 to $105.97. Alibaba recently made waves in the tech world by launching over 100 open-source AI models. This ambitious move, dubbed Qwen 2.5, covers a range of industries and signifies Alibaba’s bold steps to outpace rivals.
Costco Wholesale Corporation COST
Costco’s stock closed down 0.77% at $901.44, with an intraday high of $909.24 and a low of $898.13. The 52-week range for the stock is $540.23 to $923.83. Despite missing fourth-quarter revenue estimates, Costco beat EPS estimates and reported a 5.4% climb in comparable sales.
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BlackBerry Limited BB
BlackBerry’s stock closed up 6.28% at $2.54, hitting an intraday high of $2.56 and a low of $2.4. The 52-week range for the stock is $2.01 to $4.94. BlackBerry’s second-quarter earnings report showed strength in IoT and cybersecurity, beating revenue and EPS estimates.
JD.com, Inc. JD
JD.com’s stock closed up 14.39% at $37.99, with an intraday high of $38.18 and a low of $36.93. The 52-week range for the stock is $20.82 to $38.18. The stock enjoyed a lift following China’s announcement of a monetary stimulus earlier this week.
Tesla, Inc. TSLA
Tesla’s stock closed down 1.09% at $254.22, hitting an intraday high of $261.75 and a low of $251.53. The 52-week range for the stock is $138.8 to $271. Tesla recently sent out invites for its much-anticipated robotaxi unveiling event scheduled for October 10.
Image via Shutterstock
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal