LCID - Hot Stocks: AAPL sets high; EV stocks rally; AVAV HQY fall on earnings; TRUP jumps on CHWY deal
Stocks staged a massive rally on Tuesday, continuing their recovery after the losses posted last week. Electric-vehicle stocks stood at the vanguard of the advance, with investors downplaying short-term worries to focus on long-term potential. The rally included a rebound in Tesla (NASDAQ:TSLA), as well as notable gains in Aeva Technologies (NYSE:AEVA), VOXX International (NASDAQ:VOXX), Hyzon Motors (NASDAQ:HYZN) and Innoviz Technologies (NASDAQ:INVZ). Apple (NASDAQ:AAPL) also served as a highlight of the day's advance. Shares of the tech giant added to recent gains to set a new 52-week high. Trupanion (NASDAQ:TRUP) represented another major gainer on the session. The stock expanded its value by nearly two-fifths thanks to a partnership with pet-industry disruptor Chewy (NYSE:CHWY). Turning to some of the day's standout decliners, earnings news sparked massive selling in both HealthEquity (NASDAQ:HQY) and AeroVironment (NASDAQ:AVAV), with each falling more than 20% on the session. Sector In Focus The electric-vehicle sector found
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Hot Stocks: AAPL sets high; EV stocks rally; AVAV, HQY fall on earnings; TRUP jumps on CHWY deal