Publish date:

CoreLogic, DraftKings, Raytheon: 5 Top Stock Gainers for Tuesday

CoreLogic, DraftKings, Newmark, Raytheon and McAfee are five top stock gainers for Tuesday.

Stocks finished higher Tuesday, driven by progress on coronavirus vaccinations and increasing hopes for additional U.S. stimulus.

Here are some of the top gainers for Tuesday

1. CoreLogic | Percentage Increase 5.1%

CoreLogic  (CLGX) - Get Report climbed after CoStar Group reportedly submitted a bid to acquire the real-estate-data company in a deal valued at about $6.7 billion, according to Bloomberg. 

CoStar made an all-stock offer valued about $86 a share, people familiar with the matter told the news service.

2. DraftKings | Percentage Increase 8.6%

Shares of DraftKings  (DKNG) - Get Report were rising after ARK Next Generation Internet ETF  (ARKW) - Get Report disclosed a purchase of 620,300 shares of the sports gambling platform. 

ARK Next Generation is run by fund manager Cathie Wood. 

TST Recommends

As of Feb. 1, the fund owned 620,300 shares of DraftKings valued at nearly $34 million.

3. Newmark Group | Percentage Increase 14%

Newmark Group  (NMRK) - Get Report advanced after the commercial real estate company said it would acquire Knotel, a flexible-office provider that has filed for Chapter 11 bankruptcy protection. 

Newmark has agreed to provide Knotel with about $20 million in cash as debtor-in-possession financing to support the company through the bankruptcy.

4. Raytheon Technologies | Percentage Increase 4.8%

Raytheon Technologies  (RTX) - Get Report rose after the company's Pratt & Whitney division won a $290.7 million contract involving Lockheed Martin's  (LMT) - Get Report F-35 jet program. 

Also, Willis Lease Finance (WLFC) - Get Report said it bought 25 GTF aircraft engines from Pratt & Whitney in a $400 million deal. 

5. McAfee | Percentage Increase 10%

McAfee  (MCFE) - Get Report rose after Morgan Stanley analyst Hamza Fodderwala raised the firm's price target on shares of the cybersecurity company to $27 from $25, while keeping an overweight rating.

The analyst also named McAfee as the top pick in the consumer security space.