Protect Your Nest Egg With These Inflation-Fighting Stocks

The Fed's warning us. Inflation just hit a 40-year high-devouring nest eggs by 7.5%. Want to dodge its bite? This "map" could be the key. Inside is a treasure trove of income stocks yielding 33% a year. It's time to fight back. But don't wait-the longer you sit, the more you lose.

GameStop, AMC, Plug Power, Rumble, Tesla: Why These 5 Stocks Are Investors' Radars Today

Benzinga Neuro
May 14, 2024

On Tuesday, major U.S. stock indices closed higher, with the Dow Jones Industrial Average increasing by 0.3% to 39,558.11 and the S&P 500 climbing 0.5% to 5,246.68. The Nasdaq also advanced, rising 0.75% to 16,511.18.

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

GameStop Corp. (NYSE:GME)

GameStop shares soared by 59.84%, closing at $48.75. The stock hit an intraday high of $64.83 and a low of $36. Its 52-week high and low are $64.83 and $9.95 respectively. The company, along with AMC Entertainment Holdings, was poised for another strong session, according to CNBC's Mad Money host Jim Cramer. He said both companies could use the stock surge to raise capital through public offerings.

AMC Entertainment Holdings, Inc. (NYSE:AMC)

AMC Entertainment shares jumped by 30.98%, closing at $6.85. The stock’s intraday high was $11.88 and the low was $5.85. Its 52-week high and low are $62.3 and $2.38 respectively. The company’s stock price surged by 121% in pre-market trading, marking a revival of the meme stock phenomenon.

See Also: GameStop Shares Surge As ‘Roaring Kitty’ Resurfaces After 3-Year Silence

Plug Power Inc. (NASDAQ:PLUG)

Plug Power shares climbed by 19.03%, closing at $3.44. The stock’s intraday high was $4.90 and the low was $3.42. Its 52-week high and low are $13.44 and $2.25 respectively. The company announced a loan commitment from the U.S. Department of Energy (DOE), which comes at a time when investors were concerned about the need to secure dilutive financing.

Rumble Inc. (NASDAQ:RUM)

Rumble shares rose by 2.44%, closing at $7.15. The stock’s intraday high was $7.40 and the low was $6.94. Its 52-week high and low are $11.25 and $3.33 respectively. The video-sharing platform reported first-quarter revenue of $17.7 million, up 1% year-over-year, but missed a Street consensus estimate of $18.3 million.

Tesla Inc. (NASDAQ:TSLA)

Tesla shares increased by 3.29%, closing at $177.55. The stock’s intraday high was $179.49 and the low was $174.07. Its 52-week high and low are $299.29 and $138.8 respectively. The electric car giant is facing a lawsuit filed by the Environmental Democracy Project, accusing Tesla of repeatedly breaching the federal Clean Air Act.

Photo by Phongphan on Shutterstock

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

Read Next: Chuck Schumer Says Trump Might Be ‘Hosting Dinners For Big Oil Execs’ But FTC Should Side With Consumers


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