Tesla Talk Of The Town For WallStreetBets As Elon Musk Company Posts Record Profit; Alibaba, Apple, AMD, AMC Other Top Trends - Apple (AAPL), Advanced Micro Devices (AMD), Alibaba (BABA), Tesla Motors (TSLA) | Benzinga

Tesla Talk Of The Town For WallStreetBets As Elon Musk Company Posts Record Profit; Alibaba, Apple, AMD, AMC Other Top Trends – Apple (AAPL), Advanced Micro Devices (AMD), Alibaba (BABA), Tesla Motors (TSLA) | Benzinga

Alibaba Group Holding Limited (NYSE: BABA) has signed up with Tesla Inc. (NASDAQ: TSLA), Advanced Micro Devices Inc. (NASDAQ: AMD) and Apple Inc. (NASDAQ: AAPL) amongst the stocks seeing the highest interest on Reddits r/WallStreetBets forum as of Monday night.
What Happened: Exchange-traded fund SPDR S&P 500 ETF Trust (NYSE: SPY) stayed the most-discussed stock on the online forum with 738 discusses, followed by electrical automobile maker Tesla with 480 points out during the last 24 hours, information from Quiver Quantitative showed.
Chinese e-commerce giant Alibaba and chipmaker Advanced Micro Devices are in the 4th and 3rd positions, having brought in 310 and 133 mentions on the online forum respectively.
Apart from Apple, the other stocks that are trending on the forum consist of movie theatre chain AMC Entertainment Holdings Inc. (NYSE: AMC), medical insurance coverage innovation company Clover Health Investments Corp. (NASDAQ: CLOV), Chinese education business TAL Education Group (NYSE: TAL), video game merchant GameStop Corp. (NYSE: GME) and Chinese EV maker Nio Inc. (NYSE: NIO).
Why It Matters: Tesla is seeing high interest from retail investors after the Elon Musk-led business reported second-quarter incomes outcomes that beat analysts price quotes. Income for the quarter surged 98% year-over-year.
Apple and Advanced Micro Devices will report their quarterly earnings outcomes on Tuesday.
Shares of Chinese companies including Alibaba, TAL Education Group and Nio experienced uncommon choices activity and fell in Mondays trading after the Chinese federal government intensified its crackdown on the tech and for-profit education sectors.
Cost Action: SPDR S&P 500 ETF Trust shares closed almost 0.3% higher in Mondays trading at $441.02, however edged down less than 0.1% in the after-hours session to $440.70.
Tesla shares closed 2.2% higher in the regular trading session at $657.62 and further rose more than 1% in the after-hours session to $664.30.
Alibaba shares closed 7.1% lower in the routine trading session at $191.76 but rose 0.3% in the after-hours session to $192.35.
This material was initially released here.


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