SUM - Hot Stocks: Infrastructure bill moves NUE AA SUM; FSR boosted by analyst; ACI hits new high; SDC tumbles on earnings
Senate passage of a $1T infrastructure bill gave a boost to steel and construction stocks on Tuesday. Nucor (NYSE:NUE), Alcoa (NYSE:AA) and Summit Materials (NYSE:SUM) all gained ground on the prospects of higher government spending. Fisker (NYSE:FSR) rallied more than 20% on Tuesday, bolstered by a positive analyst note. The advance made the stock one of the standout gainers on the session. Albertsons (NYSE:ACI) was another big gainer on the day. Shares of the grocery chain benefitted from the announcement of a digital expert as its new top finance exec. The double-digit rally allowed the stock to set a new high. Meanwhile, SmileDirectClub (NASDAQ:SDC) recorded one of Tuesday's worst performances. Shares plunged on a wider-than-expected quarterly loss. The decline in Arena Pharmaceuticals (NASDAQ:ARNA) was far less dramatic on Tuesday. Still, the stock finished lower, adding to a post-earnings slump that started last week. The latest retreat has taken shares to
For further details see:
Hot Stocks: Infrastructure bill moves NUE, AA, SUM; FSR boosted by analyst; ACI hits new high; SDC tumbles on earnings