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10 Top-Traded US Stocks for Tuesday (6/22)

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Movers and Shakers wrote a column · Jun 22, 2021 22:00
All three major averages finished Tuesday's session in the green, reversing losses from earlier in the session amid strength in the technology sector.
The $S&P 500 Index (.SPX.US)$ advanced 0.5%, to close just 0.2% away from a fresh all-time closing high. The $Dow Jones Industrial Average (.DJI.US)$ rose 163 points after earlier in the session falling more than 120 points. The $Nasdaq Composite Index (.IXIC.US)$ was the relative outperformer, hitting a new intraday all-time high and posting a 0.8% gain on the session for a new record close.
10 Top-Traded US Stocks for Tuesday (6/22)
Powell outlined that the inflation pressure will be temporary
In prepared remarks released Monday evening, the central bank chief reiterated that the economy is growing, although the threat of the pandemic is still present.
Looking ahead, UBS said it maintains a "positive tactical view on stocks," but that gains will be unevenly distributed. UBS said investors should take profits in some of the year-to-date winners that might have limited upside ahead, including real estate, consumer discretionary and industrial names.

10 top-traded US stocks for Tuesday
10 Top-Traded US Stocks for Tuesday (6/22)
Stock names in the rank are generally unchanged today.
The 10 stocks continued their momentum on Tuesday and they all gained together with the market.

Shares of the $NVIDIA (NVDA.US)$ rose 2.5% after Raymond James reiterated its “strong buy” rating on the stock and hiked its price target to $900 per share from $750. Analyst Chris Caso said even considering Nvidia’s 23% rally over the last month, the company is showing signs of momentum and should be set for strong performance in several of its business segments in the quarters ahead.

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