Target, Nu Holdings, Hawaiian Electric, VinFast, Tesla: Why These 5 Stocks Are Drawing Investor Attention Today

The stock market faced a challenging day, with shares trading lower amid a weakened macroeconomic sentiment. Concerns arose from recent Chinese economic data and a warning from Fitch, suggesting potential downgrades for additional banks. However, these concerns were somewhat offset by strong US retail sales data released earlier in the day.

The Dow Jones Industrial Average closed 1.02% lower for the day at 34,946.39. The tech-heavy Nasdaq was down 1.14% at 13,631.05, while the S&P 500 declined 1.16% to 4,437.86.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Target Corporation (NYSE:TGT)
Shares of Target Corporation closed at a decline of 3.38%, priced at $125.05. The stock reached an intraday high of $129.32 and a low of $124.96. Over the past 52 weeks, its highest and lowest values were $183.89 and $124.96 respectively. Amidst the broader market’s downturn, Target is preparing to report its second-quarter earnings, with expectations set at earnings of $1.41 per share and revenue of $25.23 billion.

Nu Holdings Ltd. (NYSE:NU)
Nu Holdings Ltd. saw a slight decrease of 0.38%, closing at $7.91. The stock’s intraday high was $8.01 with a low of $7.71. Over the past year, it has ranged between $8.29 and $3.39. The company recently announced its Q2 2023 financial results, highlighting a revenue growth of 5x in the last two years, reaching a record of $1.9 billion. David Vélez, founder and CEO of Nubank, emphasized the company’s strong operational leverage and earning-generating power.

Hawaiian Electric Industries, Inc. (NYSE:HE)
Hawaiian Electric Industries faced a significant drop of 31.08%, closing at $14.79. The stock’s intraday high and low were $21.08 and $14.49, respectively, with a 52-week range of $44.01 to $14.49. The company has been under scrutiny for not implementing preventive measures to reduce fire risks amidst the recent wildfires in Hawaii. Additionally, the S&P downgraded the company’s rating, citing potential impacts on its credit quality due to class-action lawsuits.

VinFast (NASDAQ:VFS)
VinFast, the Vietnamese EV maker, saw a remarkable surge of 68.45%, closing at $37.06. The stock peaked at $38.77 intraday and had a low of $16.01. The company recently completed its SPAC merger with Black Spade Acquisition Company, marking its debut on the Nasdaq stock market. Thuy Le, VinFast’s global CEO, expressed the significance of this milestone in the company’s global expansion.

Tesla Inc (NASDAQ:TSLA)
Tesla Inc experienced a decline of 2.84%, with its stock closing at $232.96. The intraday high and low were $240.5 and $232.61, respectively. Over the past 52 weeks, the stock has ranged between $314.67 and $101.81. The EV giant introduced two new ‘standard range’ versions of its Model S and X vehicles, priced $10,000 lower than the long-range versions, offering a smaller range but at a more affordable price point.

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