5 Top Stock Gainers Tuesday: Kansas City Southern, IBM, Fisker
Stocks finished lower Tuesday as solid quarterly results were overshadowed by a rise in global COVID-19 cases.
Here are some of the top gainers Tuesday:
1. Kansas City Southern | Increase 15%
Kansas City Southern (KSU) - Get Kansas City Southern Report shares k]after Canadian National (CNI) - Get Canadian National Railway Company Report offered $30 billion for the network operator, trumping a $25 billion takeover bid by rival Canadian Pacific (CP) - Get Canadian Pacific Railway Limited Report.
2. IBM | Increase 3.8%
Shares of International Business Machines (IBM) - Get International Business Machines Corporation Report were rising after the IT giant reported first-quarter earnings and sales that topped analysts' estimates.
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The company reported first quarter adjusted earnings of $1.77 a share on revenue of $17.7 billion. Analysts were expecting earnings of $1.69 a share on revenue of $17.32 billion.
3. Fisker | Increase 4.5%
Fisker (FSR) - Get Fisker Inc. Class A Report climbed after analysts at Bank of America initiated coverage of the electric-vehicle maker with a buy rating and a $31 price target.
In a note about the "fiercely competitive" EV industry, analyst John Murphy says that it is "without question that the advent of electric vehicles has arrived."
4. Johnson & Johnson | Increase 2.3%
Johnson & Johnson (JNJ) - Get Johnson & Johnson Report shares were rising after the European Union’s drug regulator said that while there is a possible link between cases of rare blood clots and the company's COVID-19 vaccine, the benefits of getting jabs into arms "outweigh the risks of side effects."
5. Nano Dimension | Increase 7.5%
Shares of Nano Dimension (NNDM) - Get Nano Dimension Ltd. Report were rising after the company said that it had agreed to acquire DeepCube for $40 million cash and $30 million in American depositary shares.
