- Shares of HSBC Holdings plc HSBC rose 1% after reporting second-quarter 2023 earnings of $1.70 per share, beating the Zacks Consensus Estimate of $1.50 per share.
- Shares of mega-cap growth stocks like Tesla, Inc. TSLA and Amazon.com, Inc. AMZN fell 2.4% and 1.5%, respectively, on the U.S. 10-year treasury yield breaching the 4% mark.
- Shares of Caterpillar Inc. CAT jumped 8.9% after reporting second-quarter 2023 earnings of $5.55 per share, beating the Zacks Consensus Estimate of $4.51 per share.
- Arista Networks, Inc.’s ANET shares soared 19.7% after reporting second-quarter 2023 revenues of $1.46 billion, beating the Zacks Consensus Estimate of $1.38 billion.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
HSBC Holdings plc (HSBC) : Free Stock Analysis Report
Arista Networks, Inc. (ANET) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
