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Stock Market Roundup, Jan. 10: NVDA Self-Driving Cars, ETRM Soars

Ryan McQueeney

Stocks continued their relatively solid start to the New Year with another positive day of trading on Tuesday. Perhaps the biggest newsmakers on the day were NVIDIA and Mercedes-Benz, as the pair announced a partnership to produce self-driving cars.

Investors have also been fascinated with EnteroMedics Inc ETRM, a microcap medical company working on an implantable device to treat obesity. On Tuesday, the stock gained another 55%, putting it up over 1,300% in the first six trading days of the year. Proceed with caution on this crazy mover!

Zacks Rank #1 (Strong Buy) Biggest Movers

Value: Vale SA VALE - +8.70%

Growth: Health Insurance Innovations Inc. HIIQ - +11.95%

Momentum: Olympic Steel ZEUS - +11.32%

VGM: VALE

Major Indexes

DOW: 19,897.93 / +10.55 / +0.05%

NASDAQ: 5,557.10 / +25.28 / +0.46%

S&P 500: 2,273.04 / +4.14 / +0.18%

Top Headlines

NVIDIA and Mercedes-Benz are Building AI-Powered Self-Driving Cars

On Tuesday, leading smartphone chipmaker NVIDIA NVDA and Mercedes-Benz, owned by Daimler AG DDAIF, have announced a partnership to build self-driving cars powered by artificial intelligence.

Is 2017 the Year of the Retail Famine?

It’s just 10 days into the New Year, and some of the biggest retail brands in the country have announced major store closings due to dismal holiday season sales and the continued shift to online shopping.

3 Companies That Need To Be Sold In 2017

Besides the fact that takeover rumors are a personal favorite of mind, it is also important for investors to keep an eye on companies that are on the brink of a sale. Check out these three companies that should look for a suitor this year.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?

Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>


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Daimler AG (DDAIF): Free Stock Analysis Report
 
EnteroMedics Inc. (ETRM): Free Stock Analysis Report
 
VALE S.A. (VALE): Free Stock Analysis Report
 
Olympic Steel, Inc. (ZEUS): Free Stock Analysis Report
 
NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
Health Insurance Innovations, Inc. (HIIQ): Free Stock Analysis Report
 
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