After a strong February CPI helped stocks open higher on Tuesday, the major U.S. indexes slumped into the red throughout the day, with the tech-heavy Nasdaq recording the day's biggest losses. More political turmoil, including the blockage of the Broadcom-Qualcomm merger and the firing of Secretary of State Rex Tillerson, appeared to inspire intraday volatility.
Zacks Rank #1 (Strong Buy) Top Movers
Value: Veritiv VRTV - +6.8%
Growth: Square Enix SQNXF - +3.7%
Momentum: Golden Minerals AUMN - +4.4%
Income: Macy's M - +3.5%
Dow: 25,017.77 / -160.84 / -0.6%
Nasdaq: 7,511.01 / -77.31 / -1.0%
S&P 500: 2,765.30 / -17.72 / -0.6%
German automotive giant Volkswagen VLKAY detailed its plans on Tuesday to become one of the biggest producers of electric vehicles, vowing to ramp up production and bolster its EV-capable plants all over the world.
Shares of United UAL climbed on Tuesday after the company announced that it upped its unit revenue guidance for the first quarter and provided strong full-year earnings guidance.
Want more market analysis from this author? Make sure to follow @ Ryan_McQueeneyon Twitter!
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don't miss your chance to get in on these long-term buys.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.