U.S. stocks retreated across the board on Tuesday trading as investors speculated about the timing of an interest rate hike and
worried about the possibility of a deterioration in the global economy.
Despite the market rout, a few stocks managed to post gains on Tuesday.
Apple Inc. (NASDAQ: AAPL) gained 2.55
percent. According to various cell phone providers, iPhone 7 demand was substantially stronger than demand for the new iPhone
released last year.
Paypal Holdings Inc (NASDAQ: PYPL)
was up 2.81 percent after company execs talked at a Deutsche Bank Conference. The team said investors shouldn’t assume the
Visa Inc (NYSE: V) and Mastercard
Inc (NYSE: MA) deals are automatically dilutive to
their earnings.
Shares of Broadcom Ltd (NASDAQ: AVGO)
also rose on Tuesday, although only $0.76 or 0.46 percent. The boost may have been driven by the news about the strong demand for
the iPhone 7, which use Broadcom components.
Finally, there’s Carnival Corp (NYSE: CCL),
which climbed 0.91 percent, possibly on a Zacks upgrade, and the addition of two additional cruise dates from U.S. to Cuba for fall
2016.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.