Top S&P 500 Movers on Wednesday

Decliners:

• Westinghouse Air Brake Technologies (WAB) shares dropped 9.1%, falling the most of any S&P 500 stock. The manufacturer of products for locomotives and railroad systems missed quarterly sales and profit forecasts. The company, commonly known as Wabtec, also issued lower-than-expected full-year earnings guidance, citing pressure on freight demand along with increased prices and borrowing costs.
• Arista Networks (ANET) shares lost 6.2% following reports that the cloud networking firm's chief technology officer recently sold a significant stake in the company. Investors often view sales by company insiders as a possible warning signal about a stock's upcoming performance. Wednesday's downturn reversed a portion of strong gains posted by Arista stock over the past two weeks, boosted by expectations of robust demand for scalable cloud networking infrastructure.
• Waters (WAT), which provides analytical instruments and software for scientific research laboratories, edged out fourth-quarter sales and profit expectations, but its first-quarter guidance came in below expectations. The company noted a negative impact from currency exchange as the strength of the U.S. dollar pressures its international revenue. Waters shares tumbled 5.8% on Wednesday.

Advancers:

• The top performance in the S&P 500 Wednesday came from shares of CVS Health (CVS), which surged 14.9% after the pharmacy operator and health insurance provider 澳洲幸运5官方开奖结果体彩网:topped fourth-quarter sales and 🐽profit estimates. CEO David Joyner, who took the reigns of CVS amid a strategic reshuffling in October, noted strong growth in the pharmacy and consumer wellness business as the company navigates a challenging environment in the health care benefits segment.
• Shares of Generac Holdings (GNRC) were 7.6% higher after the provider of portable, residential, and commercial generators outperformed profit expectations with its fourth-quarter results. The company noted that declining power quality and increasing prices, as well as the prevalence of extreme weather and power outages, contributed to strong demand.
• Gilead Sciences (GILD) posted better-than-expected revenue and adjusted earnings per share for the fourth quarter, and shares of the biopharmaceutical company jumped 7.5%. During the earnings call, Gilead suggested that it expects the Food and Drug Administration to approve its antiretroviral drug lenacapavir as a pre-exposure prophylactic for HIV, with preparations underway for a launch in the middle of this year.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Alibaba Stock Clim✃bs to 2-Year High on Opt🌌imism About Reported Apple AI Partnership

Shares of Alibaba Group (BABA) listed in the U.S. extended their rally into Wednesday amid reports that the Chinese tech and e-commerce giant is 澳洲幸运5官方开奖结果体彩网:partnering with Apple (AAPL) to create artificial intelligence features for Apple pr𒊎🐬oducts in China.

The Information on Tuesday and The Wall Street Journal early Wednesday reported that Apple has submitted AI features developed with Alibaba to Chinese regulators for approval, a process that could take several months.

Apple and Alibaba did not immediately respond to requ🍷ests for comment.

Analysts said that the partnership and rollout of AI features in China could help Apple's 澳洲幸运5官方开奖结果体彩网:slowing sales in China. Upgrades, a key driver of Apple device sales, 澳洲幸运5官方开奖结果体彩网:have been more common in regions where the AI features have launched, like the U.S. The deal could also allow Apple to access the data Alibaba has collected through its 澳洲幸运5官方开奖结果体彩网:e-commerce offerings to allow the AI products to be more personalized, Bloomberg reported.

Wednesday marks the fifth straight winning session for Alibaba's U.S.-listed shares. Jefferies analysts lifted their 澳洲幸运5官方开奖结果体彩网:price target to $150 from $144 on Wednesday, without yet mentioning or facto🌟ring in the reported Apple partnership in its research report.

JPMorgan analysts said Tuesday that they don't expect Apple to confirm the partnership until the features are ready to be launched, but said the rollout could mark "significant progress" for Apple in China and help boost sales of the iPhone 16, or the iPhone 17 the company is expected to announc💮e later this y🎶ear.

Shares 💯of Alibaba rose almost 5% on Wednesday to close at their highest level in more than♏ two years. The stock has gained more than 60% in the past year. Apple shares rose 1.8% Wednesday and have gained more than 25% over the last 12 months.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Kraft Heinz Drops as Q4 Sales, 2025 Outlook L💦ag Estimates

Kraft Heinz (KHC) shares fell 3.5% intraday Wednesd✨ay as the food giant reported fourth-quarter sales and issued 2025 guidance that missed analysts' estimates.

The maker of Heinz ketchup and Kraft Mac & Cheese said fourth-quarter sales declined 4% year-over-year to $6.58 billion, falling short of Visible Alpha consensus. Adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 84 cents rose nearly 8% and surpassed forecasts.

澳洲幸运5官方开奖结果体彩网:Kraft Heinz said that ♕"continued shifts in consumer behavior due to economic uncertainty"ಌ and a decline in its Lunchables-branded foods were to blame for the weaker sales.

In November, the company removed Lunchables prepackaged meal kits from schools, following heavy opposition from health advocates over adding processed foods to school-meal programs, according to the Associated Press. (Kraft Heinz told the AP that it had pulled Lunchables from schools because "demand did not meet our targets," and that the business impact was "negligible.")

CEO Carlos Abrams-Rivera called 2024 "a challenging year," noting that sales of $25.85 billion came in below the company's expectations.

Kraft Heinz said it expects 2025 organic sales to be between 2.5% lower and flat, and adjusted EPS between $2.63 and $2.74. Both missed analysts' estimates.

Kraft Heinz s☂hares are down by more than a fifth in the past 12 months.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Tesla, Palantir Among Top Gainers as Stocks Un🎉der Pressure

Some big tech shares were holding up Wednesday afternoon as inflation data and questions about the path ahead for interest rates 澳洲幸运5官方开奖结果体彩网:weighed on U.S. stocks.

Tesla (TSLA), Intel (INTC), and Palantir (PLTR) were recently among the top gainers in the S&P 500, which was more broadly edging lower. The tech-focused Nasdaq Composite was ticking lower, but its retreat was less pronounced than th🌃at of the other leadꦉing indexes.

It's not exactly full-steam ahead for tech today, but there were a few standout names. Tesla, down substantially in 2025—CEO Elon Musk this week saw his estimated net worth drop 澳洲幸运5官方开奖结果体彩网:below $400 billion for the first time this year—was up 4%. Palantir, thꦡe y෴ear's best performer in the benchmark S&P 500, was up nearly as much.

Apple (AAPL) saw its shares edge higher following news of 澳洲幸运5官方开奖结果体彩网:an AI partnership with China's Alibaba (BABA), with the stock up more than 1%.ꦑ Intel was up some 6%, extending its year-to-date gains after a brutal 2024.

There were, undoubtedly, losers in big tech as investors worried that 澳洲幸运5官方开奖结果体彩网:stubborn inflation, as measured by the 澳洲幸运5官方开奖结果体彩网:Consumer Price Index, might mean the Fed could keep interest rates higher for longer. Nvidia (NVDA) was recently down more than 1.5%, and the PHLX Semiconductor Index (SOX) edged downward.

All but two of the S&P 500's 11 sectors were recently in retreat.

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

Lyft Stock Sinks on Disappointing Outlook

Shares in Lyft (LYFT) tumbled Wednesday after the ride-hailing company projected first-quarter bookings that lagged estimates as a price war with rival Uber Technologies (UBER) persists.

The ride-hailing company said it expected first-quarter gross bookings of around $4.05 billion to $4.2 billion “amidst the recent pricing environment in the U.S. market.” That compared with consensus estimates from analysts polled by Visible Alpha before the results were release🍌d of $4.23 billion. 

Uber also recently reported a current-quarter gross bookings outlook came in 澳洲幸运5官方开奖结果体彩网:mostly below analysts' estimates.

Lyft’s results come as the loss of its partnership with Delta Air Lines (DAL) looms over the company this spring.

In a🦩 note Wednesday, JPMorgan analysts lowered their price target for Lyft to $16 from $19, saying that it believed Lyft “is facing an increasingly competitive rideshare landscape.” The analysts said they expect L𝓀yft results to be “pressured” through the first half of 2025 and the company would have to overcome the loss of the Delta partnership “which also calls into question the ability to grow GBs (gross bookings) in the mid-teens annually through 2027.”

Lyft reported mixed fourth-quarter results Tuesday, with revenue of $1.55 billion lagging estimates, while its adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of 27 cents beat forecasts.

Lyft shares are down around 6% Wednesday afternoon but have gained about 9% in th🦄e past year.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Doordash Stock Rises as Booming Hol🔯iday Orders Boost Revenue

DoorDash (DASH) shares rose Wednesday, a day after the food delivery servi🐼ce posted strong sales and guidance as customers flocked to its platform during the holiday season.

The company reported fourth-qu👍arter revenue jumped 25% year-over-year to $2.87 billion, beating the $2.84 billion ✃estimate by analysts surveyed by Visible Alpha.

Total orders were up 19% to 685 million, 11 million more than expected. Adjusted EBITDA soared 56% to $566 million, also better than antic⛎ipated.

For the current quarter, DoorDash sees Marketplace Gross Order Value (GOV), which measures the total value of all app orders and subscr🐬iption fees, of $22.6 billion to $23.0 billion. The Visible Alpha prediction was for $22.4 billion.

Following the report, JPMorgan boosted its price target to $205 from $155, and Deutsche Bank raised it to $246 from 🅰$224.

Shares of D🍌oorDash rose 2.5% to their highest level since November 20𒆙21.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Upstart Holdings St𝓡ock Soars as AI Lending Platform Posts Surprise Profit

Shares of Upstart Holdings (UPST) skyrocketed nearly 30% Wednesday, a day after the 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) lending marketplace posted a surprise adjusted profit and gave strong gu🤪idance as transactions soared.

Upstart reported fourth-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.26, while analysts surveyed by Visible Alpha were lo✨oking for an adjusted loss per share of $0.03. Revenue jumped 56% year-over-year to $219.0 million, also above forecasts.

Transaction revenue was 68% higher to $2.11 𒉰billion, and the꧙ number of loans soared 89% to 245,663. 

Co-founder and CEO Dave Girouard said Upstart's "business grew dramatically across all product categories" during Q4. Girouard added that Upstart enters 2025 with "unparalleled energy and optimism for the future of Upstart AI lending and the mission we're on together."

The company sees a current-quarter GAAP net loss of about $20 million, and revenue of around $200 million. The Visible ༺Alph🍌a estimates were for a loss of $31.3 million and revenue of $180.5 million.

Upstart Holdings shares traded ꦿat their highest level s♊ince April 2022.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Price Levels T💦o Watch as Supermicro 𓃲Stock Rises on Q2 Update

Super Micro Computer (SMCI) shares were up 4% in intraday trading Wednesday after the troubled server maker said it expects to submit its 澳洲幸运5官方开奖结果体彩网:delayed 2024 financial reports b♛y the Nasdaq’s Feb. 25 deadline to avoid being delisted.

It's been a wild ride for Supermicro stock, which lost nearly 10% during regular trading hours Tuesday and began after-hours trading in the red before 澳洲幸运5官方开奖结果体彩网:whipsawing. The company's shares have fallen around 6% in the last month but have 澳洲幸运5官方开奖结果体彩网:surged more than 35% in February&nbs🦹p;as of Tue🐬sday’s close in anticipation of this update. However, the stock has lost nearly half its value over the past year.

Supermicro shares broke out above the top trendline of a descending 澳洲幸运5官方开奖结果体彩网:broadening formation last Friday, potentially also forming an 澳洲幸运5官方开奖结果体彩网:inverse head and shoulders bottoming pattern in the process.

While the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) edged lower after yesterday’s fall in regular trading, the indicator still confirms bullish price momentum with a reading just below the 澳洲幸运5官方开奖结果体彩网:overbought threshold.

Let’s apply 澳洲幸运5官方开奖结果体彩网:technical analysis to identify important overhead areas where the shares could run into 澳洲幸运5官方开奖结果体彩网:resistance.

The first overhead area to track sits around the 澳洲幸运5官方开奖结果体彩网:psychological $50 level. This region on the chart could provide resistance near the inverse head and shoulders’ neckline, which also lies close to the downward-sloping 澳洲幸运5官方开奖结果体彩网:200-day moving average.

A decisive breakout above this price would confirm the pattern, which could propel a move to around $70. Investors may look to 🎐offload shares around this level near the February 2024 pullback low and late-April trough.

Follow-through buying could see the shares rally to the $96 level, an area that may provide resistance near a trendline that connects a series of peaks on the chart between Febr♊uary and July last year.🦄

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

CVS🐟 Health Stock Pops as Q4 Sales, Earnings Top Estimates

Shares of CVS Health (CVS) surged in premarket trading Wednesday after the health insurance and pharmac🌞y giant reported better-than-expected fourth-quarter results.

CVS reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.19 on revenue of $97.71 billion. Analysts polled by Visible Alpha expected adjusted EPS of $0.91 on revenue of $96.89 billion.

CVS shares were up over 14% in early trading Wednesday. They entered the day down about 28% over the🅺 past 12 months.

"We have continued to see growth in key areas of our business, including the Pharmacy and Consumer Wellness segment, while we address the industry-wide challenges that have impacted our Health Care Benefits segment," new CEO David Joyner said.

The results cap a tumultuous quarter for CVS, which saw the company 澳洲幸运5官方开奖结果体彩网:replace its CEO in October, weeks after reports emerged that it was 澳洲幸运5官方开奖结果体彩网:considering separating its retail pharmacies and Aetna health insurance operations amid struggling results and 💮pressure from investors.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Stock Futures Plummet on Hotter-than-Expected In꧃flation 💙Report

Futures contracts connected to the Dow Jones Industrial Average were down 0.9% in premarket tra💎ding on Wednesday.

S&P 500 futures were down 1%.

Nasdaq 100 futures were off 1.1%.