The S&P 500's Biggest Movers on Wednesday

Decliners:

• Super Micro Computer (SMCI) shares led losses on the S&P 500, plunging 8.9%. Wednesday's drop extended losses earlier in the week after Goldman Sachs analysts downgraded Supermicro stock to "sell" from "neutral," noting that increased competition in the AI server market could restrain 澳洲幸运5官方开奖结果体彩网:gross margins.
• Shares of cloud networking specialist Arista Networks (ANET) also fell as AI and chip stocks faltered, with shares down 6.1%. Nvidia (NVDA) stock slipped 5.7%, leading losses on the Dow, amid concerns about 澳洲幸运5官方开奖结果体彩网:additio🌳nal constraints on ☂AI chip sales in China. Shares of Vistra (VST), a utility that has drawn attention for its opportunity to power AI data centers, dropped 5.9%.
• Moderna (MRNA) stock declined 7% after reports that the U.S. would discontinue funding for Gavi, the Vaccine Alliance, a global partnership aimed at improving the availability of immunizations in developing countries. Shares of other vaccine manufacturers also lost ground.
• Following five straight positive trading sessions, Tesla (TSLA) shares fell 5.6% Wednesday, threatening the EV maker's 澳洲幸运5官方开奖结果体彩网:rebound from a prolonged slump. The stock had gained more than 27% in the week leading up to Wednesday's session, boosted by the potential for watered-down tariffs and several endorsements.

Gainers:

• Cintas (CTAS) shares logged the S&P 500's top daily performance, surging 5.8% after the supplier of uniforms and other products for the workplace reported 澳洲幸运5官方开奖结果体彩网:b🔯etter-than-expected sales༒ and profits. The company highlighted recent acquisitions as a driver of revenue growth but indicated that it will step away from its proposed takeover of fellow uniform and facility service provider UniFirst (UNF), citing an inability to agree on key terms.
• Payroll processor Paychex (PAYX) also received a boost from its quarterly earnings report, with shares gaining 4.2% on Wednesday. Although the uncertain economic environment weighed on demand for the company's human capital management services, contributing to lower-than-expected quarterly sales figures, stringent cost-control measures helped Paychex exceed profit forecasts.
• Discount retailer Dollar Tree (DLTR) announced a 澳洲幸运5官方开奖结果体彩网:d𓄧eal to sell its Family Doll꧟ar brand to the private equity firms Brigade Capital Management and Macellum Capital Management for $1 billion. The company expects the sale to close later in the second quarter and to generate net proceeds of around $800 million. Dollar Tree shares added 3.1%.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

These Food and Drink Stocks ✤Could See Double-Digit 𝓀Gains, Says Wells Fargo

Wells Fargo kicked off coverage of two quick-service food and drink chains, Dutch Bros and Wingstop, with "buy" ratings Wednesday.

Dutch Bros (BROS), a cafe chain known for its drive-throughs, has a “disruptive strategy” and could be poised for “durable growth,” Wells Fargo analysts said. They gave the stock an $80 澳洲幸运5官方开奖结果体彩网:price target—slightly below the 🔯roughly $83 consensus target compiled by Visible Alpha and 14% above where the shares closed Tuesday.

Wells Fargo analysts are among 🧸澳洲幸运5官🍒方开奖结果体彩网:several research teams that assessed Dutch Bros ahead of its scheduled investor conference on Thursday, and highlight the potential of the company's plans to expand food offerings and mobile ordering. These initiatives could contribute to a 10% bump in the year ahead to average unit volume—or the typical sales generated at each store, Wells Fargo said.

“[Dutch Bros] business is [about] 90% drive-up today, and the concept consistently struggles with long lines during peak demand periods (aka morning & afternoon coffee rushes),” the analysts said, adding that recently added mobile ordering “has the potential to be a meaningful 澳洲幸运5官方开奖结果体彩网:throughput unlock.” 

Dutch Bros shares have more than doubled in value over the past year as the coff🐭ee company moved into new markets and opened its 1,000th store.

By contrast, Wingstop (WING) shares are down about 40% over the same period. However, Wells Fargo suggested its slide could offer investors an opportunity for “premium growth." The company's stock has slumped in recent months as a downbeat 2025 outlook and softer sales wei💧ghed on the stock, but Wells Fargo analysts said the chicken wing chain has strong potential.

The analysts gave Wingstop a $270 price target—nearly 23% above Tuesday's closing price, but below the roughly $321 consensus target from Visible Alpha.

Wingstop operates its shops more efficiently than other quick-service restaurants and knows how to gain 澳洲幸运5官方开奖结果体彩网:market share with limited-time offerings, Wells Fargo said. It al💮so has the opportunity to expand, especially internationally, the analysts said.

-澳洲幸运5官方开奖结果体彩网:Sarina Trangle

Ver💎tiv Stock Tumbles as Barclays Analysts 𝓰Cut Price Target

Shares of Vertiv Holdings (VRT) slumped more than 10% Wednesday after Barclays analysts cut their 澳洲幸运5官方开奖结果体彩网:price target for the maker of cooling systems for 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) data centers.

In a note previewing first-quarter results for a range of multi-industry companies, the analysts on Wednesday maintained their "equal weight" rating for Vertiv, but cut the𓆉ir price target to $100 from $111 previously🙈.

That price target is well below the $139.17 analyst consensus compiled by Visible Alpha. Barclays analysts also have the lowest price target and the lone "hold" or equivalent rating, with the 11 other analysts tracked rating it as a "buy."

The analysts said that Vertiv "looks well-placed for superior 澳洲幸运5官方开奖结果体彩网:top- and bottom-line growth in 2025, due to its high Datacenter exposure." However, they added the stock "remains vulnerable to any 澳洲幸运5官方开奖结果体彩网:hint of cooling hyperscaler [capital expenditures]" in 202෴6 and beyond.

They wrote that commentary about AI spending "is likely to become more muted amidst uncertain demand and very large capacity/supply increases," citing recent remarks from 澳洲幸运5官方开奖结果体彩网:Alibaba Group (BABA) Chairman Joe Tsai, who recently warned of a "bubble" forming in 澳洲幸运5官方开奖结果体彩网:data-center construction.

Ver✱tiv shares were down 11% int🍒raday Wednesday, almost 50% below their record closing high of $153.49 on Jan. 23.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Chewy Stock Rises After Results Top Estimates

Chewy (CHWY) shares advanced after the online pet supplies provider posted better-than-anticipated results as its customer base expanded.

The retailer reported fourth-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $🍌0.28, with revenue increasing 15% year-over-year to $3.25 billion. Both exceeded Visible Al✤pha forecasts. 

CEO Sumit Singh said sales growth and profitability came in above the high end of the company's expectations in both the quarter and full year. Singh explained that the performance "was underpinned by strong active customer growth, and compelling Autoship customer loyalty."

Chewy's active customers rose 2% to 20.5 million, and net sales per active customer was 4% higher to $578. Sales to those who had products shipped automatically jumped 21% to $2.62 billion, and made up more than 80% of total sales. That compared to 76% the previous year.

Shares of Chewy, which were up 1.6% in recent trading have skyrocketed more than 120% in the last 12 months.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Watch These UPS P🎃rice Levels After Stock Hits a Five-Year Low

United Parcel Service (UPS) shares were gaining ground Wednesday after falling yesterday to their 澳洲幸运5官方开奖结果体彩网:lowest level in nearly five years.

Shares in the logistics firm have remained under pressure since disappointing investors in January with 澳洲幸运5官꧂方开奖结果体彩网:weaker-than-expected fouꦚrth quarter results, announcing at the time it was significantly reducing its volumes with e-commerce titan Amazon (AMZN).

UPS shares, which closed Tuesday at their lowest level since June 2020, have lost about a quarter of their value over the past 12 months amid weakening delivery demand and concerns of increasing competition with key rival FedEx (FDX). The stock was up about 1% at $111 ꧃on Wednesday a💯fternoon.

Since setting their 澳洲幸运5官方开奖结果体彩网:record high in February 2022, UPS shares have traded within a 澳洲幸运5官方开奖结果体彩网:falling wedge, a chart pattern that can signal a bullish reversal upon an upside breakout. 

However, in the short term, the stock appears more likely to break down, with the price recently declining to the formation’s lower trendline on increasing volume. What’s more, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) continues to move lower toward oversold levels, confirm꧑ing the stock’s weakening price momentum.

A decisive 澳洲幸运5官方开奖结果体彩网:breakdown below the falling wedge pattern’s lower trendline could see the shares initially drop to around $101. This level would likely provide support near the prominent March 2018 澳洲幸运5官方开奖结果体彩网:swing low and Covid-era 2020 rebound high.

Selling below this area could trigger a drop to lower support at the $90 level. Investors may seek to 澳洲幸运5官方开奖结果体彩网:accumulate shares in this location close to a trendline that connects the December 2018 trough and a series of prices situated just above the Covid selloff low.

During upswings in the stock, investors should monitor how the price reacts around the $125 area. This region on the chart may provide overhead 澳洲幸运5官方开奖结果体彩网:resistance near a 澳洲幸运5官方开奖结果体彩网:horizontal line that links multiple 澳洲幸运5官方开奖结果体彩网:peaks and troughs on🐻 the chart extending all 🌸the way back to December 2017.

Finally, a breakout above the falling wedge pattern’s upper trendline may see UPS shares climb to the $160 level. Investors who have purchased the stock at a lower price could look to 澳洲幸运5官方开奖结果体彩网:lock in profits nearও a series of comparable price points on the chꦏart from August 2020 to March last year.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

GameStop Pops as Bitcoin Now Part of Investment Strategy

GameStop (GME) shares soared Wednesday, a day after the retailer 澳洲幸运5官方开奖结果体彩网:released fourth-quarter results and announced the addition of bitcoin (BTCUSD) to its corporate investment policy.

The confirmation that bitcoin will be part of GameStop's strategy followed a 澳洲幸运5官方开奖结果体彩网:report last month that the retailer may be considering investing in the cryptocurrency. A picture 澳洲幸运5官方开奖结果体彩网:posted to GameStop CEO Ryan Cohen's social media—also last month—of himself with Michael Saylor, the co-founder of Strategy (MSTR), also sparked speculation as Strategy (formerly known as MicroStrategy) is the 澳洲幸运5官方开奖结果体彩网:largest corporate holder of Bitcoin.

GameStop shares were up 16% in recent tradinಌg, putting them up nearly 90% over the ♒last 12 months.

"We presume this means that the company intends to invest in Bitcoin," Wedbush analysts said in a note following the announcement.

The analysts lifted their price target to $11.50 from $10 with an "underperform" rating, still expecting shares to lose well over half their value. They said that GameStop has proved them wrong by approaching breaking even on an operating basis, recording an operating loss under $10 million in each of the last two fiscal years.

GameStop reported declining revenue in th🔴e fourth quarter, while profits rose year-over-year as the retailer has closed stores a🌸nd looked to cut costs.

"While it is arguable that the Q4 results are not sustainable, we did not expect GameStop to even approach operating breakeven ever again. We were wrong, and it is clear that the company’s operations have some value, albeit not as great as its share price suggests," the analysts wrote.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Tesla Shares Pare Gains After 5-Day Winning Run

Tesla (TSLA) shares fell Wednesday, threatening the EV maker's rebound from a prol❀onged slump.

Tesla shares, recently down more than 4%, rose more than 27% in the five sessions leading up to today's. The climb marked their best stretch of that length since investors bid up the stock in the wake of Trump’s November election victory. 

Before beginning to rally last week, Tesla's shares were down more than 50% from their all-time highs set in December, with much of that decline coming throughout February and early March. Tesla’s sales in key markets, like Europe, 澳洲幸运5官方开奖结果体彩网:have slumped this year despite rising demand for electric vehicles. Tesla cars and dealerships have been targeted by vandals upset with CEO Elon Musk’s political influence. And ardent bulls have publicly worried that Musk is 澳洲幸运5官方开奖结果体彩网:stretched too thin by his corporate and goꦓvernment work. 

But the price of Tesla's stock at times appears to have little connection to the health of its EV business, a disconnect that was apparent Wednesday when William Blair analysts cut their full-year vehicle sales estimate by more than 10% while maintaining their outperform rating on the stock.

“Despite the correction in the auto business near term, we remain positive on the faster-than-expected ramp of the Megapack business and💛 ride-sharing rolling out this year,” the analysts wrote. (Megapack is Tesla’s industrial-scale energy storage product.)

Trading Tesla stock, the analysts said, has often "been a function of momentum." For that reason, they argue the stock's significant pullback is a reason for optimism in and of itself. “We believe expectations are near a bottom, and as they reset, shares will bottom and momentum will rebound,” the analysts wrote. 

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

China Energy Rules Could Hurt Nvidia Business, FT Reports

Nvidia's (NVDA) sales in China c💎ould reportedly take a hit if Beijing implements energy efficiency rules more sꦗtrictly.

The National Development and Reform Commission, China’s top economic planner, is advising Chinese groups to use chips that meet stricter requirements in new data centers and when expanding existing facilities, the Financial Times reported. The rule, introduced last year, could threaten Nvidia’s sales of its best-selling H20 chip, which is less powerful than Nvidia’s latest chips and tailored to meet U.S. 澳洲幸运5官方开奖结果体彩网:export restrictions, the report said.

The H20 chip doesn't currently meet the commission’s new rules, the report said, citing documents the FT rev🍌iewed and people with knowledge of the matter.

"Our products provide superb energy efficiency and value in every market we serve,” an Nvidia spokesperson said in a statement to Investopedia. “As technology moves rapidly, export control policy should be adjusted to allow U.S. firms to offer the most energy efficient products possible, while still achieving the Administration's national security goals."

China represents one of the biggest markets for Nvidia, whose computer chips have helped fueled the world’s 澳洲幸运5官方开奖结果体彩网:artificial intelligence boom.

Nvidia shares 𒆙were down more th𒉰an 5% in recent trading, pushing their year-to-date decline to 15%.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Cintas Stock Jumps After Strong Earnings, Guidance

Shares of Cintas (CTAS) surged Wednesday morning as the provider of uniforms and other workplace products reported better-than-expected resꦆults and raised its profit guidance as it benefited from expansion.

The company posted third-quarter fiscal 2025 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.13, while analysts surve🤪yed by Visible Alpha expected $1.06. Revenue rose🀅 more than 8% year-over-year to $2.61 billion, also above forecasts.

Cintas noted that revenue growth in the quarter "was positively impacted by 0.9% due to acquisitions," although it was negatively impacted by 0.4% because of foreign currency exchange rate fluctuations.

One acquisition that the company won’t be making is its proposed $5.3 billion purchase of rival UniFirst (UNF) that was announced in January. On Monday, Cintas said it had 🃏terminated discussions with UniFirst after failing to agree on "key transaction terms."

The company now sees full-year EPS in the range of $4.36 to $4.40, up from its earlier💫 outlook ♏of $4.28 to $4.34.

Cintas shares were up 8% in recent trading and were among the biggest gainers in the S&P 5༒00. The stock has gained 32% over the past 12 monthsܫ

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Dollar Tree Stock Rises After Deal to Sell Family Dollar Brand

Dollar Tree (DLTR) shares rose in early trading Wednesday after the discount retailer said it has reached a deal to sell its Family Dollar brand to a pair of private-e📖quity firms for $1 billion.

Dollar Tree said it will sell Family Dollar to Brigade Capital Management and Macellum Capital Management, with the deal "anticipated to close later in the second quarter," it said. In its quarterly earnings report also released Wednesday morning, Dollar Tree estimated the deal would generate just over $800 million in net proceeds.

Do🅷llar Tree acquired Family Dollar in 2014 for just over $9 billion.

Last March, Dollar Tree 澳洲幸运5官方开奖结果体彩网:announced plans to close roughly 1,000 underperforming stores, and in June 澳洲幸运5官方开奖结果体彩网:said it was launching a revie꧑w of whether it sho♒uld sell or spin off the Family Dollar brand.

Excluding Family Dollar's results, the discount retailer reported adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2🦋.11 on revenue of $5.0 billion, while same-store sales rose by 2%. For 2025, Dollar Tree expects sales of $18.5 billion to $19.1 billion, with same-store salꦍes growth of 3% to 5% and adjusted EPS of $5.00 to $5.50.

Dollar Tree shares were up nearly 5% in ꦓrecent trading but are down 45% ove✃r the past 12 months.

Carvana Levels to Watch as Stock Riding 5-Day Winning Streak

Carvana (CVNA) shares were losing ground in early trading Wednesday after surging yesterday following 澳洲幸运5官方开奖结果体彩网:an upgrade from Morgan Stanley.

Analysts at the investment bank said that recent selling in the shares provides an opportunity for investors to gain exposure to a leader in auto retail and fleet fulfillment, adding that the company has the potential to become the Amazon (AMZN) of auto retail.

Coming into Wednesday's session, Carvana shares had finished higher for five straight days, gaining 33% over that period. The stock is still down 24% from its record high set last month, but it remains 150% higher than its year-ago level, boosted by the company's improved profitability and efforts to reduce costs.

Buyers recently emerged just below the 澳洲幸运5官方开奖结果体彩网:200-day moving average, with the price closing back above the closely followed indicator last Friday. In another win for the bulls, recent buying has coincided with the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI)&n🤡bsp;reclaiming the 50 threshold, signaling improving positive price momentum.

Investors should watch crucial overhead areas on Carvana's chart around $265 and $365, while also monitoring key support levels near $165 and $130.

Carvana shares🔯 were down more than 3% this morning at around $༒214.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Major Stock Index Futures Hovering Near Unchanged

Futures tied to the D🔴ow Jones Industrial Average were up 0.1%.

S&P 500 futures were down 0.1%.

Nasdaq 100 futures slipped 0.2%.