HNST - Midday Hot Stocks: Banks slide; Momentum drives XELA MDIA; New highs for AAPL GOOG AMZN ADBE; New low for HNST
Nikolay Pandev/E+ via Getty Images Exela Technologies (XELA) and MediaCo Holding (MDIA) are momentum plays that moved in opposite directions during Tuesday's midday action. Exela added to its recent gains with a substantial rally, driven in part by meme-stock interest. Meanwhile, MediaCo (MDIA) gave back a chunk of its recent gains. With technology as the main driver to the upside on Tuesday, a list of regulars set new highs in intraday trading. This included a bunch of A+ "A"-stocks - Apple (AAPL), Alphabet (GOOG)(GOOGL), Amazon (AMZN) and Adobe (ADBE). On the other side of the ledger, Jessica Alba's Honest Co. (HNST) continued its post-IPO weakness, setting a fresh low on Tuesday. The bank sector was in the spotlight during the session. This followed earnings releases from Goldman Sachs (GS) and JPMorgan Chase (JPM). Standout Gainer: XELA Exela Technologies gained ground during Monday's session, boosted by a planned expansion and retail
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Midday Hot Stocks: Banks slide; Momentum drives XELA, MDIA; New highs for AAPL, GOOG, AMZN, ADBE; New low for HNST