Wednesday's monster stock market rally sent the Dow Jones up by 1,569.40 points for a 3.03% daily gain. Many of the Magnificent 7 stocks soared. That included Apple (AAPL), Microsoft (MSFT), and Alphabet (GOOG). The rally left behind Tesla (TSLA) and Nvidia (NVDA).
The even hotter stocks today include Mosaic (MOS). Shares soared by 17.37% to close at $21.62. Short sellers hold a short interest of around 10%. The firm posted a non-GAAP EPS loss of $0.19 on Nov. 3. Revenue fell by 10.1% Y/Y to $3.1 billion.
Bears did not expect the company to reduce its SG&A. Instead, management said that SG&A would fall below $500 million.
Block (XYZ) broke out of a slump that started in July. The stock gained 15.3% yesterday and has a good chance of rising further still. XYZ stock jumped after the firm posted Q3 gross profit growth of 22% Y/Y to $3.24 billion.
Zimmer Biomet (ZBH) gained 13.5% to $110.15, a new high. It posted non-GAAP EPS of $1.9. Revenue of $2.06 billion is up by 3% Y/Y. The medical technology firm hiked its revenue guidance. It expects growth of 4.4% to 4.9%, compared to a previous guidance of 3.9% to 4.9%. The company’s peers include Intuitive Surgical (ISRG), Stryker (SYK), and Medtronic (MDT).
