Biggest S&P 500 Movers on Wednesday

Advancers

• Tesla (TSLA) shares surged 8%, logging the strongest performance in the S&P 500, following reports of a strong first day of orders in China for the carmaker's updated Model Y electric vehicle (EV). The refreshed sport utility vehicle (SUV) is expected to become available in U.S. and European markets within several months. In addition, Morgan Stanley analysts predicted that Tesla stock could reach as high as $800 per share in the coming year.

• Bank of New York Mellon (BK) was among the financial firms that 澳洲幸运5官方开奖结果体彩网:posted positive results, with gains in fee revenue and declines in non-interest expenses helping the bank top quarterly profit estimates. Although BNY's CEO highlighted uncertainties related to the incoming presidential administration's tariff proposals and the unclear prognosis for interest rates, he stressed the bank's positive momentum heading into 2025. Bank of New York Mellon shares also gained 8%, leading bank stocks to rise higher on Wednesday.
• While bank earnings dominated the financial headlines, another strong performance came from shares of Intuitive Surgical (ISRG), which added 7.7% after the medical technology firm released preliminary fourth-quarter results. Year-over-year sales growth of 25% exceeded consensus forecasts, and procedures performed using the company's da Vinci surgical platform jumped 18% from a year ago. Increases in procedures help Intuitive drive higher sales of its single-use instruments and accessories, but the company expects growth in worldwide procedures to decelerate slightly in 2025.

Decliners

• Lululemon Athletica (LULU) shares fell 3.1%, losing the most of any S&P 500 constituent on Wednesday. The stock initially moved higher on Monday after the maker of yoga attire and other apparel lifted its quarterly sales and profit guidance, highlighting a strong performance during the holiday season. Since then, however, Lululemon shares have experienced volatility and have been unable to hold onto those gains.
• Shares of generic drug manufacturer Viatris (VTRS) sank 2.8% on Wednesday. Last month, the U.S. Food and Drug Administration (FDA) restricted the import of 11 generic drugs produced at a Viatris plant in India, citing infractions related to manufacturing, handling, and quality control at the facility. Wednesday's drop marked a continuation of a downtrend for the stock since the FDA announced the restrictions.
• Hershey (HSY) shares slipped 2.3% on the day. Immediately after the markets closed last week, the chocolate maker announced that CEO Michelle Buck plans to depart from the company. The uncertainty surrounding the leadership team came shortly after a key Hershey shareholder rejected a buyout bid from snack food giant Mondelez (MDLZ) that would have created the world's largest confectionary company.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

What Analysts Think of UnitedHealth Ahead of Earnings Report

UnitedHealth Group (UNH) is set to report fourth-qua💜rter earnings before the market opens Thursday, and analysts are widely bullish ahead of the results. 

As of early this week, all 17 analysts tracked by Visible Alpha had a “buy” or equivalent rat꧂ing, and the consensus price target of nearly $642. The stock closed down fractionally on Wednesday at around $543.

Wall Street expects the company to report fourth-quarter revenue of $101.68 billion, up 8% year-over-year, and earnings of $5.84 billion, or $6.30 per share, compareജd to $5.46 billion, or $5.83 per share, a year earlier. 

The company last mon🥃th shared its financial outlook for 2025, which included forecasts of revenue of $450 billion to $455 billion, and adjusted net income of $29.50 per share to $30 per share.

Thursday’s results will be the company’s first quarterly report since the CEO of its UnitedHealthcare unit, Brian Thompson, was 澳洲幸运5官方开奖结果体彩网:fatally shot on Dec. 4. The company’s shares have fallen more than 10% in the weeks since.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Bitcoin Tops $100K Again on CPI News, Regulatory Optimism

Bitcoin climbed baꦬck above $100,000 on Wednesday, rising on fresh inflation data that lifted stocks and regulatory news seen as bullish for cryptocurrency.

Bitcoin recently traded just under the six-digit level. Its latest moves followed the release of 澳洲幸运5官方开奖结果体彩网:cool💛🐻er-than-expected Consumer Price Index data and a Reuters report about regulatory developments seen as potentially 澳洲幸运5官方开奖结果体彩网:on the way ﷽;🦩for the crypto industry in the next Trump administration.

The rise also follows a volatile stretch for bitcoin, which on Monday 澳洲幸运5官方开奖结果体彩网:slid below $90,000 for the first time since mid-November.

The CPI news eased some investors' fears of an extended pause in🐎 interest rate cuts by t🍒he Federal Reserve or even higher rates. Lower rates and Treasury yields tend to send investors searching for returns in riskier assets.

Meantime, new leadership at the 澳洲幸运5官方开奖结果体彩网:Securities and Exchange Commission plans to overhaul the agency's crypto policies as soon as next week, Reuters  reported. The SEC could provide clearer guidance on when a crypto asset is considered a security, a clarification that crypto exchanges such as 澳洲幸运5官方开奖结果体彩网:Coinbase have called for. Some Biden administration enforcement actions might also be frozen, Reuters reported.

-澳洲幸运5官方开奖结果体彩网:Kyle Torpey

Boeing Price Levels to Watch Amid Sluggish Start to 2025

Boeing (BA) shares were among the few decliners in the Dow Jones Industrial Average Wednesday, one day after the aircraft maker reported a 澳洲幸运5官方开奖结果体彩网:decline in 2024 plane deliveries.

The plane make has faced significant headwinds over the ✤past 12 months stemming from quality issues, heightened regulatory scrutiny, and a seven-week strike by machinists that slowed the company’s assembly line.2

On Wednesday, Boeing stock fell 0.5% to $166.20 and w𓂃as one of just seven Dow components to lose ground. Boeing shares lost about a third of their value last year but have gained 21% since hitting their mid-November 52-week low. So far this year, the stock is down 6%.

The stock has carved out a potential inverse head and shoulder๊s between August and January, a classic chart pattern that signals higher prices.

A measured move price target, which calculates the distance between the inverse head and shoulders’ head and its neckline, then adds that amount to the top of the pattern, forecasts a bullish target of $꧑223.

Investors should eye crucial support levels on Boeing's chart around $164 and $146, while monitoring important resistance levels near $180 and $191.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Treasury Yields Post Biggest One-Day Decline Since August

Treasury yields registered their biggest intraday d🔯ecline since August on Wednesday after newly released consumer inflation data revived hope for more interest rate cuts this year.

Even with Wednesday's decline, the 10-year Treasury yield, which influences commercial and consumer lending rates, remains a full percentage point higher than it was when the Federal Reserve began cutting interest rates in September.

Sto🥂cks got a boost from lower yields on Wednesday, with the S&P 500 on track to have its best day in more than two months.

Read the 澳洲幸运5官方开奖结果体彩网:full article here.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

New Microsoft Program Sends Quantum Stocks Surging

Quantum stocks rallied Wednesday, a day after a Microsoft (MSFT) blog post called 2025 "the year to become quantum-ready," mitigating a string of 澳洲幸运5官方开奖结果体彩网:recent losses 🐠;spurred by high-profile bearish comments on the sector.&nbs😼p;

Shares of Rigetti Computing (RGTI) and D-Wave Quantum (QBTS) each soared 20%, while IonQ (IONQ) surged 35%, and Quantum Computing (QUBT) rocketed 40% in recent trading.

Microsoft on Tuesday unveiled its "Quantum Ready" program, which it said will involve working with quantum computing business leaders in one-on-one workshops and industry forums.

The program will "invest in strategic skilling and access to reliable quantum computers for experimentation," Microsoft said.

The blog post was a breath of fresh air for quantum companies after negative comments from Meta Platforms (META) CEO Mark Zuckerberg followed Nvidia (NVDA) CEO Jensen Huang saying that "very useful quantum computers" are still 澳洲幸运5官方开奖结果体彩网:15 to 30 years away, sending shares into a spiral last week.

Despite the big gains on Wednesday, the quantum stocks still haven't recovered the ground they lost last week.

Compass Stock Soars on Boosted Guidance

Shares of Compass (COMP) skyrocketed Wednesday after the largest independent U.S. real estate brokerage boosted its current-quarter and full-year guidance as it▨ increased staffing and controlled costs.

The company now expects fourth-quarter revenue of $1.36 billion to $1.39 billion and adjusted EBITDA of $15 million to $18 mil🦩lion. It pre🐈viously anticipated revenue of $1.225 billion to $1.325 billion and adjusted EBITDA of $0 to $10 million.

Compass sees full-year revenue of $5.61 billion to $5.64 billion and adjusted EBITDA of $124 million to $127 million. Its earlier outlook was for revenue of $5.47 billion to $5.57 billion, and adjust꧙ed EBITDA of $109 million to $119 million.

Founder and CEO Robert Reffkin said the company recruited more than 650 principal agents organically, a 50% improvement over last year's fourth quarter. Reffkin said that "these results highlight Compass' ability to continue to outperform the market," while at the same time maintaining 澳洲幸运5官方开奖结果体彩网:operating expense discipline. 

Compass shares were up 21% in recent trading and have nea꧋rly doubled in the past year.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

CPI Data Revives Hopes for Fed Rate Cuts

Market participantꩵs breathed a big sigh of relief on Wednesday as the release of slightly better-than-expected inflation data revived hopes that the Federal Re💛serve will be in a position to continue cutting interest rates this year.

The consumer pr꧟ice index report came after a series𓆏 of other indicators in recent weeks had shown the economy to be surprisingly resilient, spurring concerns that inflationary pressure would keep the Fed from cutting rates further.

The Fed has trimmed its benchmark interest rate by a 🔥full percentage point since September. After its most recent reduction last month, howeꦑver, the central bank warned that the pace of easing would likely slow in 2025 as inflation had been higher than expected recently.

Traders are nowꦜ pricing in a 47% chance that the Fed will cut the benchmark rate by half a percentage point by the end of the year, up from the 35% chance priced in yesterday, 💎according to the CME FedWatch Tool.

The yield on 10-year Treasurys, which drives interest rates on all sorts of credit, most notably mortgages, was at 4.66% recently, down from 4.79% at yesterday's close. The yield had risen to near 4.80% last week, its highest level since 2023.

Goldman Sachs Leads Dow Gainers on Strong Earnings

澳洲幸运5官方开奖结果体彩网:Goldman Sachs (GS) shares jumped Wednesday morning after the bank reported better-t🔯han-expected fourth-quarter results.

The bank reported $4.11 billion in profit on $13.87 billion in revenue, well above the respective $2.89 billion and $12.31 billion that 澳洲幸运5官方开奖结果体彩网:analysts estimated, per Visible Alpha. Goldman regiღstered $2.35 billion in net interest🌊 income, above the $2.1 billion expectation.

"I'm encouraged that we have met or exceeded almost all of the targets we set in our strategy to grow the firm five years ago, and as a result, have both grown our revenues by nearly 50% and enhanced the durability of our franchise," Goldman CEO David Solomon said.

Goldman had topped estimates in each of the first three quarters of fiscal 2024, with a strong st🌠ock market and rising fees boosting the firm's investment banking revenue.

Shares were up more than 5% in recent trading, leading Dow gainersꦕ.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Citi Jumps as Bank Swings to Profit, Announces Buyback

Citigroup (C) reported fourt💟h-quarter results that exceeded expectation💝s, sending shares sharply higher. 

Citi's net income for the fourth quarter was $2.86 billion, up from a loss of $1.84 billion a year ago, while diluted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) climbed to $1.34 from a loss of $1.16, beating consensus estimates compil🍃ed by Visible 𒐪Alpha.

The bank's revenue, net of interest expense, rose 12% year-over-year to $19.58 billion, topping estimates. Citi’s cost of credit was $2.59 billion, down 27% from a year earlier, which the bank said helped boost net income.

“2024 was a critical year and our results show our strategy is delivering as intended and driving stronger performance in our businesses,” CEO Jan♚e Fraser said in a release.

Citi also said its board of directors approved a $20 billion 澳洲幸运5官方开奖结果体彩网:stock buyback program that will begin this quarter.

Shares of Citi were up 6% in recent trading.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Wells Fargo Surges as Earnings Top Estimates

Wells Fargo (WFC) shares climbed Wed๊nesday morning after the bank reported fourt✨h-quarter profit and net interest income that topped analysts' estimates.

The lender reported $5.08 billion in 澳洲幸运5官方开奖结果体彩网:net income for the quarter, up from $3.45 billion last year and above analysts' expectations. Revenue lagged estimates at $20.38 billion, down from $20.48 billion a year ago.

The bank had been expected to post fourth-quarter net inc🤡ome of $4.83 billion and revenue of $20.53 billion, according to consensus estimates compiled by Vi🍸sible Alpha.

澳洲幸运5官方开奖结果体彩网:Net interest income fell to $11.84 billion from $12.77 billion in theꦅ fourth quarter of 2023, but that was above the $11.69 billion analysts anticipated.

Shares of Wells Fargo were up more than 5% about 20 minutes after the opening bell. The stock has gained 57% over the past year, far outpacing the S&P 500's 24% increase over the period.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Eli Lilly Price Levels to Watch After Tuesday's Slide

Eli Lilly (LLY) shares could remain under the microscope today after falling sharply on Tuesday as the pharmaceutical giant 澳洲幸运5官方开奖结♏果体彩网:𓄧lowered its 2024 full-year revenue forecast.

While the drugmaker said it anticipates sales of its flagship weight-loss drugs Mounjaro and Zepbound to accelerate as it ramps up production in the first half of this year, it noted that they greꦆw slower than expected in the fourth quarter.

ꦫ Eli Lilly shares climbed 32% last year but have slumped m𝄹ore than 16% since October after the company reported third quarter sales of the two drugs below Wall Street’s expectations, prompting concerns about moderating demand.

Since falling below the 澳洲幸运5官方开奖结果体彩网:200-day moving average (MA) in late October last year, Eli Lilly shares have consolidated within a textbook 澳洲幸运5官方开奖结果体彩网:symmetrical triangle.

On Tuesday, the stock staged a decisive 澳洲幸运5官方开奖结果体彩网:breakdown below the pattern’s lower trendline and 50-day MA, opening the door to further short-term downside. Importantly, the move occurred on the highest 澳洲幸运5官方开奖结果体彩网:trading volume day in༒ more than two months, indicating conviction behind the sellin🌃g.

The stock was up 0.2% at $746.70 in recent premarket trading Wednesday after falling more thanꦍ 6% yesterday.

Investors should watch key support levels on Eli Lilly's chart around $720 and $625, while also monitoring important overhead areas near $860 and $965.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Stock Index Futures Higher Ahead of Inflation Data

Futures tied 🍨to the Dow Jones Industrial Average were up 0.4%

S&P 500 futures were also up 0.4%.

Nasdaq 100 futures also added 0.4%.