Monster Beverage, Booking Holdings, Gen Digital, Carnival Corp. and United Rentals were the top five S&P 500 index gainers on the stock market today.
The S&P 500 rose 0.9% on Monday, closing near session highs and reclaiming its 21-day moving average
MNST jumped 6.1% to 58.49, rebounding back above the 50-day moving average. The energy drink maker tumbled almost 5% on Friday following in-line Q2 earnings and sales that just fell short. But on Monday, reports that Red Bull was hiking prices substantially raised hopes that Monster Beverage would be able to raise prices as well.
MNST stock has a 60.47 flat-base buy point. Investors could use a move above the July 25 high of 58.77 as an early entry, with trendline entry slightly above 59.
Monster's smaller, faster-growing rival Celsius Holdings reports Tuesday night.
BKNG stock jumped 5.9% to 3,243.01 on Monday, hitting a fresh record high. Booking stock is still running after Friday's 7.9% spike on strong earnings.
CCL stock popped 5.1% to 18.04, retaking the 21-day moving average in an emerging consolidation. Carnival stock could have a flat base with a 19.55 buy point after this week, but 18.86 could be an early entry. Carnival broke the trendline of its consolidation on July 27, following strong results from Royal Caribbean, but fell back last week following weak guidance from Norwegian Cruise Line.
GEN stock leapt 5.1% to 21.12, Shares jumped almost 8% on Friday following earnings, retaking their 200-day line. NortonLifeLock rebranded as Gen Digital last November after completing its Avast takeover.
URI stock gained 4.45% to 486.56, decisively retaking a 471.82 cup-with-handle buy point, according to MarketSmith analysis. The heavy-equipment rental firm beat views and raised guidance on July 26. Shares initially tumbled the next day, but slashed losses by the close. Over the next two sessions, United Rentals stock flashed an early entry within the handle.
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