Stocks Trigger "Titanic Syndrome"

The number of stocks moving from all-time highs to making new 52-week lows this month are surging, triggering what traders call "Titanic Syndrome". Today 50-year Wall Street veteran, Marc Chaikin explains exactly what changes you should make to your portfolio today to prepare for more volatility ahead.

Alibaba, Nvidia, Riot Platforms, Celsius Holdings, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Benzinga Neuro
October 07, 2024

On Monday, major U.S. indices saw declines, with the Dow Jones Industrial Average slipping 0.9% to 41,954.24, while the S&P 500 dipped nearly 1% to 5,695.94. The Nasdaq dropped 1.2% to 17,923.90.

These are the top stocks that gained the attention of retail traders and investors throughout the day:

Alibaba Group Holding Limited (NYSE:BABA)

Alibaba’s stock rose by 2.61% to close at $117.52. The stock reached an intraday high of $117.82 and a low of $113.37. Its 52-week high and low are $117.82 and $66.63 respectively. Alibaba’s stock continued to rise as China announced its stimulus plans last week, which included a cut in banks' reserve requirement ratio and a decrease in the seven-day reverse repurchase rate.

Nvidia Corp (NASDAQ:NVDA)

Nvidia’s stock increased by 2.24% to close at $127.72. The stock hit an intraday high of $130.64 and a low of $124.95. Its 52-week high and low are $140.76 and $39.23 respectively. Nvidia’s GPU revenue could be at risk as China prioritizes domestic AI chips.

See Also: Len Sassaman Is Bitcoin Creator Satoshi Nakamoto In HBO Documentary? Polymarket Punters See High Probability

Riot Platforms Inc (NASDAQ:RIOT)

Riot Platforms’ stock surged by 3.95% to close at $8.16. The stock reached an intraday high of $8.52 and a low of $7.9. Its 52-week high and low are $18.75 and $6.36 respectively. The company’s CEO expressed interest in AI opportunities while maintaining a focus on Bitcoin (CRYPTO: BTC) mining.

Celsius Holdings Inc. (NASDAQ:CELH)

Celsius Holdings’ stock fell by 4.73% to close at $28.82. The stock hit an intraday high of $30.42 and a low of $28.79. Its 52-week high and low are $99.62 and $28.79 respectively. Celsius shares dropped to new 52-week lows on Monday as the company faces slowing growth trends and weaker consumer spending. Analysts have downgraded the stock, with PepsiCo scaling back orders, contributing to further declines. Despite the stock's downturn, Celsius announced the launch of two new flavors under its Essentials line, expected in early 2024.

Tesla, Inc. (NASDAQ:TSLA)

Tesla’s stock dropped by 3.70% to close at $240.83. The stock reached an intraday high of $249.83 and a low of $240.7. Its 52-week high and low are $271 and $138.8 respectively. Investors are eagerly awaiting Tesla’s “We, Robot” event scheduled for Thursday.

Photo by WHYFRAME on Shutterstock

Prepare for the day’s trading with top premarket movers and news by Benzinga.

Read Next:

  • Dow Jumps Over 300 Points As Tesla, Amazon And Netflix Record Gains: Investor Optimism Improves, Fear Index Remains In ‘Greed’ Zone

This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal

Continue Reading...

Popular

Cathie Wood Offloads Meta Stock While Mark Zuckerberg Celebrates Llama AI Success

Cathie Wood's Ark Invest sold $4.3 million worth of Meta shares on Wednesday, March 19, 2025, despite the company's Llama AI reaching 1 billion downloads.

Japan's exports surge in February, leaving a trade surplus as worries persist over Trump's tariffs

TOKYO (AP) — Japan has reported its exports grew at an 11.4% annual pace in February while imports declined slightly, leaving a surplus after two straight months of deficits as worries grow about President Donald Trump’s .

Warren Buffett's Investing Partner's Shocking Final Move - Ad

Before he passed away, Charlie Munger, Warren Buffett's investing partner of 60 years, was rumored to have quietly made one final investment... Up until now, it has remained hidden from the public. It's potentially the smartest, most profitable, and most under-valued AI investment you can make today.

Tesla Crash Victims' Families Demand Accountability, Push For Probes Free From Elon Musk's Interference: 'We Are Deeply Concerned…'

Families of Tesla crash victims are urging Transportation Secretary Sean Duffy to preserve federal oversight and resist Elon Musk's influence, warning that weakening safety regulations could lead to more preventable tragedies involving the company's self-driving technologies.

Stock market today: Asian shares are mostly higher after advance on Wall Street

BANGKOK (AP) — Asian shares were mostly higher Thursday following an advance on Wall Street after the said the economy still looks healthy enough to keep interest rates where they are.

Tech Legend Issues AI Warning for May 21st - Ad

And many people are now wondering...Is this the end of the AI boom? A critical AI event scheduled for May 21st, and could have the answers. It's guaranteed to happen...And I believe it's going to be a game-changer for the market.

Zelenskyy says Putin’s vow not to hit Ukraine's energy infrastructure 'at odds with reality'

KYIV, Ukraine (AP) — Ukrainian President Volodymyr Zelenskyy said Wednesday that a vow by Russian counterpart not to attack energy infrastructure was “very much at odds with reality” following an overnight barrage of drone strikes across the country.

Cathie Wood Believes Most Memecoins Will Face 'Fearsome Declines,' But They Could End Up Becoming Collector's Items

Cathie Wood, the founder of asset management firm Ark Invest, warned investors Tuesday that most meme coins won't have high worth in the future and "fearsome declines" could be expected.

AI + Smart Glass = A Nasdaq Sleeper - Ad

This recent Nasdaq IPO is quietly making waves, thanks to its 95% market share in a $240M aerospace niche. With patented technology that integrates AI into smart glass, this company is poised for massive growth as the market races toward $124 billion by 2029.

Meet the federal worker who went rogue: I hope that it lights a fire under people

NEW YORK (AP) — To billionaire Elon Musk and his cost-cutting team at the Department of Government Efficiency, Karen Ortiz may just be one of many faceless bureaucrats. But to some of her colleagues, she is giving a voice to those who feel they can't speak out.

Analyst Sees Wendy's Playing Catch-Up, Needs Stronger Focus on Tech, Talent & Global Expansion

J.P. Morgan analyst Rahul Krotthapalli maintains a Neutral rating on Wendy's with a $17 price target. Despite its strong U.S. presence, Wendy's faces a sub-1x sales/investment ratio.

Elon's Biggest Secret Could Save Your Retirement - Ad

From a near-fatal car crash to surviving deadly malaria, Musk's fearless drive built Tesla, SpaceX, and Starlink. Now, he's warning America--and smart investors are listening. Discover the Trump IRS Loophole to protect your IRA & 401(k).

Mortgage lender Rocket Cos. to acquire real estate brokerage Redfin in deal valued at $1.75 billion

Mortgage lender Rocket Cos. has agreed to acquire online real estate brokerage Redfin in an all-stock deal valued at $1.75 billion.

What makes Greenland a strategic prize at a time of rising tensions? And why now?

NUUK, Greenland (AP) — When U.S. President Donald Trump first suggested in 2019, people thought it was just a joke. No one is laughing now.

The $20 Trillion Secret of Room 3330 - Ad

Developed by the U.S. military 79 years ago, this controversial technology is about to change American life forever: Elon Musk has already funneled $6 billion to resurrect this covert project -- and the companies involved are minting 10,000 millionaires every week [Goldman Sachs].

Warren Buffett on Debt and Donald Trump's Money Moves: Trump 'Never Went Right'

In a piece of advice that continues to hold relevance, investor Warren Buffett once warned students about the perils of excessive borrowing, citing Donald Trump as a case in point.

Bonk Leads Memecoin Rally As This Indicator Flashes 'Buy,' But Dogecoin, Shiba Inu Not Too Far Behind

Meme coins surged on Wednesday amid the broader rally in the cryptocurrency market. What Happened: Solana (CRYPTO: SOL)-based Bonk spearheaded the rally with nearly an 8% jump over the last 24 hours. 

Debts, Deficits & Destruction of the US Dollar - Ad

The economist Time Magazine called "out of step with economic reality" for predicting the U.S. economy would implode in his 2005 best-selling book Empire of Debt over two years before the Financial Crisis tore America and the global economy apart... is back to issue his next warning. Before you invest a single dollar in the markets -- or make any investment decisions -- it's critical you see this alarming video right away.

Europe-Based UCB's Bimzelx Data Reveals Sustained Skin Clearance In Inflammatory Skin Disorders

UCB's Bimzelx shows sustained efficacy in psoriasis and hidradenitis suppurativa, with high skin clearance rates and improved symptoms over long-term trials.

China's foreign minister blasts the US over tariffs at his annual meeting with journalists

TAIPEI, Taiwan (AP) — Along with against the United States, China’s Foreign Minister Wang Yi reasserted China’s South China Sea claims, blasted Japan for its past aggression and covered a wide range of other issues during his annual meeting with the press. Here are some of the key topics covered during his Friday press conference.

DOGE's Next Target Set To Hand 401K Savers A Windfall? - Ad

Musk's Department of Government Efficiency has already uncovered $55B in waste--and Trump's backing his plan to return $2T in savings to taxpayers. But why wait? Unlock a legal Trump IRS loophole to protect & grow your wealth NOW!

Cathie Wood Stands By 'Deflationary Boom' Call As Gene Munster Compares Market Turmoil To Dot-Com Bubble

Ark Funds CEO Cathie Wood forecasts a "deflationary boom" as markets tumbled on Monday, with the Magnificent Seven tech stocks shedding approximately $780 billion in market capitalization.

[Revealed] Trump and Elon's Shocking New Plan for America - Ad

Three patents could help President Trump and Elon Musk completely revolutionize a $23 Trillion market. This revolution is about so much more than just self-driving cars. Instead, what Elon's pivoting Tesla towards... Is a market that's 1,000X BIGGER. But a project THIS big can't stay under the radar for long...

Apple Delays Next-Gen Siri: 'It's Going To Take Us Longer Than We Thought' To Deliver AI Upgrades

Apple has delayed its next-gen Siri upgrade, citing the need for more development time, while internal reports suggest significant issues could push the AI-powered features back until iOS 20 or later.

Japan's Seven & i sells retail business to Bain Capital for $5.4 billion, plans IPO

Japan’s Seven & i, the parent company of the Japanese 7-Eleven convenience store chain, said Thursday it is selling its supermarket store assets to Bain Capital for about $5.4 billion.

Millionaire Trader: "My No. 1 Stock of the Decade" (Revealed Free) - Ad

The stock revealed right here just may be millionaire trader Jeff Clark's favorite stock ever. Because this one stock alone has been responsible for some of the biggest gains he's ever handed my readers... 195% in under a month... 85% in 14 days... 176% in 5 weeks... 120% in under 3 months... 55% in two days... 138% in 8 days... And even 222% in 8 days.

Trump vs Musk? Federal Workers Unconvinced He'll Take Action: 'If They Don't Cut, Elon will, Comments Show Who's Really In Charge'

President Donald Trump has reportedly limited the authority of his billionaire advisor, Elon Musk, to dismiss federal employees. This development has stirred skepticism among the workforce and political circles.

China is ending its annual Congress with questions open over how to revive its slowing economy

BEIJING (AP) — China is wrapping up its biggest political event of the year on Tuesday leaving one question unanswered: How far will it go to try to revive economic growth in 2025?

Trump, Musk & the Gold Play No One Sees Coming - Ad

Fort Knox mystery could send gold skyrocketing. Because the real danger isn't missing gold. It's decades of Fed manipulation collapsing overnight. Right now, I've uncovered 5 major gold predictions that could make this Fort Knox moment even bigger than people realize. One of them is already unfolding.

Palantir Cofounder Peter Thiel Might Write A Book About Ancient Prophecies, The Antichrist, And Armageddon - He Thinks We're Ignoring The Real Threat

Billionaire tech investor Peter Thiel is exploring a book on ancient prophecies, the Antichrist, and Armageddon, warning that society is ignoring the threat of a one-world government—a concern he believes demands urgent attention.

Cathie Wood-Led Ark Invest Roblox, Roku, UiPath As Markets Take A Dip

Ark Invest made significant trades on Friday, selling shares of RBLX, ROKU, PATH and buying shares of IBTA, PSNL, ABSI, and RXRX.

Trump's Tariff Move Has Created a Massive Opportunity for 401(K)S - Ad

As President Trump slaps China with new tariffs, the Fed is boxed in--and gold is skyrocketing just like it did during Trump's first term. JPMorgan just grabbed $4 Billion in gold bars... should you? Discover a "Tariff Assistance Loophole" to move funds from your IRA & 401(k) into gold--tax-free!

Trump tells crypto leaders at White House summit he's committed to helping their industry

President Donald Trump said Friday he’s committed to making the U.S. as industry leaders heaped praise on him for reversing what they said had been unfair attacks on digital assets by the previous administration.

The "Second Wave" of 2025 Crashes (Could Be Worst in Us History) - Ad

According to the man who predicted 2008, 2020, and 2022... A new wave of crashes are coming to the US stock market. But these will be different. The moment they hit, they could kick off the worst (and longest) financial crisis in American history.

This 'Dune' isn't fiction. It's the longest conveyer belt in the US and moving sand in Texas

KERMIT, Texas (AP) — It's longer than the width of Rhode Island, snakes across the oil fields of the southwest U.S. and crawls at 10 mph – too slow for a truck and too long for a train.

Who is Mark Carney, the next prime minister of Canada?

TORONTO (AP) — Former central banker Mark Carney will become Canada’s next prime minister after a Liberal Party leadership vote in a landslide.

The 2025 'Trump Shock' [401K Owners Stunned] - Ad

Trump's Gold Reset? A massive dollar overhaul could be coming! Insiders say Trump may return America to the gold standard--sending gold prices soaring. He's been stockpiling gold for decades... should you? Discover how to legally move funds from your IRA & 401(k) into gold tax-free!

Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout

The world's top tech billionaires saw their fortunes plummet on Monday as markets tumbled, with the Magnificent Seven tech giants shedding approximately $780 billion in market capitalization during a single trading session.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service