5 Top Stock Gainers Tuesday: Kansas City Southern, IBM, Fisker

Kansas City Southern, IBM, Johnson & Johnson, Fisker and Nano Dimension are five top stock gainers for Tuesday.
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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 Report shares k]after Canadian National  (CNI) - Get Report offered $30 billion for the network operator, trumping a $25 billion takeover bid by rival Canadian Pacific  (CP) - Get Report

2. IBM | Increase 3.8%

Shares of International Business Machines  (IBM) - Get Report were rising after the IT giant reported first-quarter earnings and sales that topped analysts' estimates. 

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 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 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 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.