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5 Top Stock Gainers for Tuesday: PepsiCo, Nokia, Middleby

PepsiCo, Nokia, Middleby, Celldex Therapeutics and Sohu.com are five top stock gainers for Tuesday.

Stocks finished lower Tuesday after consumer inflation in June rose unexpectedly and earnings season began with reports from JPMorgan Chase  (JPM) - Get JPMorgan Chase & Co. (JPM) Report and Goldman Sachs  (GS) - Get Goldman Sachs Group, Inc. (GS) Report.

Here are some of the market's biggest gainers for Tuesday:

1. PepsiCo | Increase 2.2%

PepsiCo  (PEP) - Get PepsiCo, Inc. Report climbed after the food and beverage giant posted stronger-than-expected second-quarter earnings and boosted its full-year profit forecast. Drinks revenue surged thanks in part to the reopening of sports and entertainment venues as the coronavirus pandemic eased.

2. Nokia | Increase 9.5%

Shares of Nokia  (NOK) - Get Nokia Oyj Sponsored ADR Report rose after the storied Finnish telecommunications company raised its earnings estimates. The company on July 29 plans to provide full details of its revised full-year 2021 guidance, along with second-quarter earnings.

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3. Middleby | Increase 1.3%

Middleby  (MIDD) - Get Middleby Corporation Report shares rose after the kitchen and restaurant equipment producer said it expected its $2.9 billion agreement to acquire Welbilt  (WBT) - Get Welbilt Inc Report will terminate. Welbilt said that Italian rival Ali Group's revised takeover bid was superior to its agreement with Middleby and that it planned to move ahead with the offer.

4. Celldex Therapeutics | Increase 9.7%

Shares of Celldex Therapeutics  (CLDX) - Get Celldex Therapeutics, Inc. Report continued their climb after the biotech reported progress in a Phase 1b clinical trial of a skin-condition drug and H.C. Wainwright boosted its price target on the shares. The trial is for CDX-0159, which treats the two most suffered forms of chronic inducible urticaria, an inflammatory skin ailment.

5. Sohu.com | Increase 28%

Sohu.com  (SOHU) - Get Sohu.com Limited Sponsored ADR Report climbed after Chinese regulators approved Tencent Holdings'  (TCEHY)  acquisition of the Beijing internet company's subsidiary Sogou  (SOGO) - Get Sogou, Inc. Sponsored ADR Report. Separately, Reuters reported that antitrust regulators in China are ready to order Tencent's music streaming arm to give up exclusive rights to music labels, which it has used to compete with smaller rivals,