Biggest S&P 500 Movers on Wednesday

Advancers

• Garmin (GRMN) shares jumped 12.6%, setting a new intraday record and leading S&P 500 gainers. The GPS device maker 澳😼洲幸运5官方开奖结果体彩网:reported better-than-expect💮ed results after its quarterly sales grew in its fitness, auto, and outdoor segments. Garmin's full-year revenue reached a record high of $6.3 billion.

• Microchip Technology (MCHP) was up by 9.9% after it announced the release of an 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) coding assistant with chat capability to help software developers. 
• Chipmaker Analog Devices (ADI) rose 9.7% after it topped quarterly estimates while also raising its dividend and boosting its stock buyback program. The maker of low-end chips saw sales increase on demand for consumer electronics spurred by AI adoption. 
• Super Micro Computer (SMCI) shares 澳洲幸运5官方开奖结果体彩网:maintained their hot streak by adding 8.0% to notch their fifth straight winning session. The server maker has been soaring following an 澳洲幸运5官方开奖结果体彩网:ambitious revenue projection based on its artificial intelligence technology. The rebound comes after Supermicro 澳洲幸运5官方开奖结果体彩网:stock fell last year after it wasn’t able to meet filing requirements. The deadline to turn in its delayed annual report is Feb. 25.

Decliners

• Specialty chemical maker Celanese (CE) suffered the biggest drop in S&P 500 trading, falling 21.4% after forecasting that its 澳洲幸运5官方开奖结果体彩网:operating losses could continue into the current quarter. The company reported a fourth-quarter 澳洲幸运5官方开奖结果体彩网:operating loss of $1.4 billion after its revenue fell 10% from the prior quarter. 
• Taser maker Axon Enterprises (AXON) fell 16.4% after an analyst downgrade on potential increases in competition for the police equipment firm. Northcoast Research lowered its rating on Axon from “Buy” to “Neutral."
• Palantir (PLTR) shares plunged 10%, after hitting an all-time high durring Wednesday's session, following a report the Trump administration directed the Pentagon to trim the U.S. defense budget. The Washington Post reported Wednesday that Defense Secretary Pete Hegseth ordered Pentagon officials to cut the U.S. defense budget by 8% annually for the next five years.
• Cadence Design Systems (CDNS), the maker of software for designing microchips, declined by 8.8% after its annual revenue and profit forecast came in lower than analyst estimates. Analysts cited a slowdown in the automotive market as a reason.

-澳洲幸运5官方开奖结果体彩网:Terry Lane

Palantir Stock Plunges on Report of Lower Defense Spending

Palantir (PLTR) shares plunged from their all-time highs Wednesday following a𒆙 report the Trump administration directed the Pentagon to trim the U.S. defense♐ budget. 

The Washington Post reported Wednesday tha🌠t Defense Secretary Pete Hegseth ordered Pentagon officials to cut the U.S. defense ♈budget by 8% annually for the next five years.

The move could negatively affect military contractors like Palantir, which derived more than 40% of its fourth-quarter revenue from the U.S. government and recently 澳洲幸运5官方开奖结果体彩网:extended a contract with the U.S. Army.

Palantir’s stock price dropped 10% to close at $112.06 Wednesday after closing at an all-time high yesterday and setting an intraday record at $125.41 earlier in Wednesday's session. Shares of some other firms that service the U.S. military, including Northrop Grumman (NOC), Booz Allen Hamilton (BAH), and L3 Harris (LHX), also lost ground Wednesday.

However, several analysts 澳洲幸运5官方开奖结果体彩网:suggested earlier this month that Palantir could be better positioned than most to benefit from the Trump administration’s 澳洲幸运5官方开奖结果体彩网:focus on artificial intelligence and the Elon Musk-led Department of Government Efficiency’s goals🍷 to cut💞 spending.

Separately, Palantir disclosed late Tuesday that CEO Alex ✃Karp adopted a new trading plan to sell up to 9.98 million shares through Sept. 12.

Even with Wednesday’s losses, Palantir shares have nearly quintupled in value over the past 12 months as demand for its Artific🦋ial Intelligence Platform soared.

-澳洲幸运5官方开奖结果体彩网:Kara Greenberg

Hims & Hers Stock Jumps on Blood Testing Lab Acquisition

Hims & Hers Health (HIMS) shares jumped to a record high on Wednesday following the announcement that tꦦhe ꦫcompany acquired lab testing facility Trybe Labs.

The online healthcare provider said the deal will allow it to roll out at-home blood testing, which will let customers get more information about "hormone levels, cardiac risk, stress markers, cholesterol, liver function, thyroid function, and prostate health." The company said it plans to roll out the at-home blood draw service over the next year.

The company said the acquisition has already been completed, but did not release financial terms. Hims & Hers said it funded the deal with cash on hand; it said it had about $166 million in cash or cash equivalents, and more than $600 million in to♒tal assets, at the end of the third quarter.

The announcement comes ahead of the company's fourth-quarter earnings, set for release after markets close on Monday.

Shares of Hims & Hers gained 18% on Wednesday. The stock has risen nearly 600% over t🌳he past 12 months.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Morgan Stanley Thinks Walmart Stock Can Reach $150

Some Wall Street analysts think Walmart (WMT) shares are nearing a top. One research team thinks the retailer's strong 澳洲幸运5官方开奖结果体彩网:profit margins could help them keep climbing.

The market doesn’t appreciate how much momentum Walmart’s strategy has, Morgan Stanley analysts wrote in a Tuesday note, saying that the company has the profit margins to invest in robots and other technology to drive efficiencies in its 澳洲幸运5官方开奖结果体彩网:e-commerce businesses, for example.

Morgan Stanley gave the retailer a 澳洲幸运5官方开奖结果体彩网:price target of $115—about 10% above Wednesday’s $104 closing price–ahead of the company’s scheduled earnings release tomorrow morniℱng.

But its analysts' bull case sees the shares rising above $150, which would mark a higher level than any of the analysts tracked by Visible Alpha currently predict.

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:Sarina Trangle

Analog Devices Stock Jumps After Earnings Beat

Analog Devices (ADI) shares soared to an all-time high Wednesday after the company’s fiscal first-quarter results topped expectations and the company boosted its 澳洲幸运5官方开奖结果体彩网:share-buyback program. 

The 澳洲幸运5官方开奖结果体彩网:chipmaker posted first-quarter revenue of $2.42 billion, down 4% 澳洲幸运5官方开奖结果体彩网:year-over-year but above the 澳洲幸运5官方开奖结果体彩网:analyst consensus from Visible Alpha. Its adjusted earnings per share of $1.63 also topped expect✃ations.

CFO Richard Puccio said Analog Devices expects to return to growth in fiscal 2025, driven by rising bookings and strength in its industrial and automotive segments. The company projects🦋 revenue of $2.4 billion to $2.6 billion for its fiscal second quarter, above the analyst consensus at the midpoint. 

Analog Devices also said it authorized an additional $10 billion for 澳洲幸运5官方开奖结果体彩网:share repurchases, bringing its total authorization to $11.5 billion. The company raised its dividend 8% to 99 cents per share as well. 

Shares of Analog Devices gained nearly 10% on Wednesday. The stock has added 28% over the past 12 months, outpacing the performance of the S&P 500 over the period.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Garmin Surges to Record High on Strong Outlook

Garmin (GRMN) shares surged to an all-time high Wednesday after the company's fourth-quarter results and full-year outlook exceeded analyst🧔s' expectations.

The maker of navigation and fitness devices posted 澳洲幸运5官方开奖结果体彩网:pro-forma earnings per share of $2.4♒1 for the fourth quarter, a 40% jump from the year before. Revenue was up 23% to $1.82 billion. Both figures topped estimates compiled💫 by Visible Alpha.

The gains came as sales grew 31% at Garmin's fitness division, 30% at its auto OEM segment, and 29% at its outdoor segment, trailed by a 9% rise in aviation, and 5% climb in its marine division. The performance helped Garmin's full-year revenue reach a record high at $6.3 billion.

CEO Cliff Pemble credited the company's success to its “robust product lineup,” and said Garmin has “many product launches” set for the year ahead.

The company said it anticipates pro-forma EPS of $7.80 for fiscal 2025 and sales of $6.8 billion, above analysts' projections.

Garmin shares were up 12% in afternoon trading. The stock has nearly doubled in value over the past 12 🌟months.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

EV Maker Nikola Files for Chapter 11

Electric vehicle startup Nikola (NKLA) filed for 澳洲幸运5官方开奖结果体彩网:Chapter 11 bankruptcy and plans to move forward 🏅with an auction of its assets, pending court approval, the company said Wednesday.

The hydrogen truck maker and the EV industry at large have “faced various market and 澳洲幸运5官方开奖结果体彩网:macroeconomic factors” that affected the company’s operations, 澳洲幸运5官方开奖结果体彩网:Chief Executive Office Steve Girsky said.

He said recent attempts to raise capital and sustain Nikola's operations “have not been en🦋ough to overcome these significant challenges.”

Nikola’s bankruptcy filing is the culmination of a 澳洲幸运5官方开奖结果体彩网:dramatic few years. The company 澳洲幸运5官方开奖结果体彩网:went public in June 2020 without selling a single truck and at one point reached a higher 澳洲幸运5官方开奖结果体彩网:market cap than Ford Motor (F). Then came a mass recall of its vehicles in 2023 and a four-year prison sentence for founder Trevor Milton later that ye🐲ar on charges of🔴 misleading investors.

The company said it has roughly $47 million in cash on hand to support its bankruptcy activities. If an auction is approved by the court, parties will be able to submit bids to acquire Nikola's assets. 

Shares of Nikoka tanked nearly 40% intraday Wednesday. 🎐The stock h🎃as dropped from a 52-week high of around $34 last April to 46 cents today

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Bumble Tumbles on Weak Outlook

Bumble (BMBL) shares lost more than a quarter of their value Wednesday after the online dating service issuᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚed a weaker-than-expected first-quarter outlook and said it lost 57,000 paying customers in the fourth quarter versus the third. 

The 澳洲幸运5官方开奖结果体彩网:women-focused dating app also said it would wiℱnd down two of its dating apps, Fruiꦆtz and Official, in the first half of the year.

The announcement came as Bumble projected revenue of $242 million to $248 million in the current quarter. The outlook✃ was softer than expected, according to Jefferies, reflecting a decrease of between 100,000 and 120,00🧜0 paying users over the fourth quarter, versus the 30,000 decline expected by Wall Street analysts.

Bumble Founder Whitney Wolfe Herde, who is set to return to the CEO role next month, said the company is continuing its push into making Bumble a “much broader lifestyle brand” all💜owing users to find not just dates butꦇ also friends.

“When you look at the post-grad audience, which is Gen Z, they are eager, and I hate to use this word, but quite literally desperate to find friends,” she said in the call, the transcript of which was made available by AlphaSense. “Women in particular have no issue joining our product even when they're in a romantic relationship so that they can find community and friends.”

Bumble shares were down 28% in recent💃 trading and have now lost more than half their value over the past year.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Toll Brothers Stock Slides on Earnings Miss

Toll Brothers (TOL) shares slumped Wednesday after the homebuil👍der posted weaker-than-ex𒉰pected results and warned about demand in some markets.

The company reported fiscal first-quarter earnings per share of $1.75, with revenue dow♊n 1.6% year-over-year to $1.86 billion. Both figures were short of estimates compiled by Visible Alpha. The results came as home sales slipped 4.7% to $1.84 billion, and deliveries climbed 3.3% to 1,991 units. Those missed expectations, as well.

CEO Douglas Yearley, Jr. said the soft profit numbers were mainly because of “impairments and a delay in the sale of a stabilized apartment property in one of our joint ventures.” Ho𒈔wever, he added that while demand for higher-priced homes has been solid, “affordability constraints and growing inven🤡tories in certain markets are pressuring sales—especially at the lower end.”

Toll Brothers said it anticipates current-quarter deliver🦹ies of 2,500 to 2,70൩0 units, while analysts surveyed by Visible Alpha were looking for 2,766.

Shares of Toll Brothers were down 7% in late-morning trading.♒

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Celanese Stock Plunges on Weak Outlook

Celanese (CE) shares plunged Wednesday after the specialty chemicꦆals maker warned a slowdown in its business could continu✨e in the current quarter.

The company reported a fourth-quarter 澳洲幸运5官方开奖结果体彩网:operating loss of $1.4 billi🐼on, with revenue of $2.4 ✨billion, a 10% drop from the third quarter. The company said it faced decreases of 7% in volume, 2% in price, and 1% in currency.

CEO Scott Richardson said that during the period Celanese dealt with “further dem📖and deterioration that gave no sign of easing.”

The company a꧂dded it expects “sequential demand and pricing challenges experienced in the fourth quarter to be largely unchanged in the first quarter,” and anticipates “continued weakness in core end-markets like automotive, construction, paints, coatings, and industrial.”

Celanese projected first-quarter earnings per share (EPS) in the range of 25 cents to 50 cents, below analysts' expectations compiled by Visible Alpha. However, the company added it could see "meaningful improvement" in the second quarter.

Celanese shares were🗹 down more than 20% in early trading Wednesday, leading S&P 500 decliners, and have lost nearly two-thirds of their value over the past 12 months,

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Meta Levels to Watch After 20-Day Winning Streak Snapped

Meta (META) shares fell in early trading Wednesday, one day🌊 after poꦰsting their first decline in more than a month.

The stock on Tuesday snapped a 20-session winning streak during which it gained 20%. The rally started on Jan. 17 and spanned a period that included the inauguration of President Donald Trump, an 澳洲幸运5官方开奖结果体彩网🍌:upbeat fourth-quarter earnings rep📖ort and the emergence of AI Chinese startup DeepSeek.

Meta shares have outpaced their 澳洲幸运5官方开奖结果体彩网:Magnificent Seven peers since the start of the year amid optimism that the company’s 澳洲幸运5官方开奖结果体彩网:significant investments in AI are helping driv♌e advertising revenue and increasing user engagement.

Meta shares have trended higher in an orderly 澳洲幸运5官方开奖结果体彩网:ascending channel since last July, with 澳洲幸运5官方开奖结果体彩网:price action contained between the pattern’s two trendlines. More recently, the stock has rallied into the channel’s upper trendline, but has failed to make a decisive breakout, potentially undermining buying momentum.

In another troubling sign for the bulls, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) on Tuesday fell from its highest reading since February last year to below the 澳洲幸运5官方开奖结果体彩网:overbought threshold, potentially s🦄etting the stage for further declines.

Investors should watch key support levels on Meta's chart around $680, $632, and $600.

Share were down 2% at $702 about 20 minutes after Wednesday's opening bell.

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

Celsius Jumps Ahead of Earnings, Conference Presentation

Shares of energy drink maker Celsius Holdings (CELH) jumped on Wednesday morning, ahead of th♛e scheduled release of the company's earnings report and a presentation from executives at a conference.

While there is no clear financial reason for the premarket move, the gain is in line with analysts' thoughts on the company.

Despite its 65% drop over the last 12 months, analysts have remained bullish on the stock. Analysts tracked by Visible Alpha have eight "buy" and four "hold" ratings, with an average price target of $38.91, more than 70% above the stock's Tuesday closing price.

After the bell Tuesday, Celsiu🧔s said it would announce its fourth-quarter results on Thursday afternoon. The company also announced that three of its executives are presenting at the Consumer Ana🧔lyst Group of New York conference on Friday morning.

Analysts expect sales of $325💜.5 million f🥃or the quarter, and earnings of $0.15 per share, according to estimates compiled by Visible Alpha.

Celsius shares, which entered the day near their lowest point sin▨ce July 2022, were up more than 7%💦 ahead of the bell.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Supermicro Levels to Watch as Stock Continues to Soar

Super Micro Computer (SMCI) shares gained ground in premarket trading Wednesday, extending an impressive rally that followed the server maker’s 澳洲幸运5官方开奖结果体彩网:upbeat business update last week. 

Investors bid the stock up for a fourth consecutive trading session on Tuesday after the company guided significant revenue growth in fiscal 2026 during the update, as demand grows for artificial int𒈔elligence (AI) infras༺tructure.

Buying enthusiasm has also been bolstered after the company said during the same update that it expects to submit its delayed fiscal 2024 financial reports by the Nasdaq’s Feb. 25 deadline to avoid being delisted from the exchange.

Since last week’s update, Supermicro shares have soared 45% through Tuesday's close, but still trade down 30% over the past twelve months following a number of high-profile 澳洲幸运5官方开奖结果体彩网:accounting and corꦑporate govern﷽ance issues. The stock was up nearly 8% at around $60 in recent premarket trading.

Supermicro shares broke out from a 澳洲幸运5官方开奖结果体彩网:falling wedge pattern earlier this month, signaling a 澳洲幸运5官方开奖结果体彩网:continuation move higher. Indeed, the stock has seen follow-through buying on above-average volume, with gains accelerating in recent tra♓ding sessions.

Investors should watch crucial overhead areas on Supermicro's chart around $70 and $96, while also eyeing key support levels near $50 and $38.

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

Major Stock Index Futures Mixed

Futures tied t♛o the Dow Jones Industrial Average were down 0.1%.

S&P 500 futures were off less than 0.1%.

Nasdaq 100 futures rose 0.1%.