These Were the Big S&P 500 Movers on Thursday

Decliners

• Shares of 澳洲幸运5官方开奖结果体彩网:major carmakers moved lower following the tariff news. General Motors (GM) stock plunged 7.4%, falling the furthest of any S&P 500 constituent on Thursday. GM likely suffered a more drastic impact than its rivals because of the number of vehicles that the company imports, with outsized exposure to Mexico and South Korea. However, the other members of the "Big Three"—Ford (F) and Jeep manufacturer Stellantis (STLA)—also took a hit, with shares declining 3.9% and 1.1%, respectively.

• Super Micro Computer (SMCI) shares fell 6.3%, extending a string of losses posted this week after Goldman Sachs analysts downgraded the stock to "sell," citing heightened competition in the market for artificial intelligence (AI) servers. Concerns about tariffs and global trade have also contributed to broader pressure on AI-related stocks.
• Shares of United Airlines (UAL) descended 5.6% after technicians represented by the Teamsters' Union rejected a contract proposal from the carrier. According to reports, 99.5% of union mechanics who participated in the poll voted against the deal, which would have outsourced elements of their work to China.

Advancers

• Dollar Tree (DLTR) shares soared 11.2%, notching the 澳洲幸运5官方开奖结果体彩网:top daily performance in the S&P 500. Thursday's push higher extended gains posted in the prior session after the discount retailer announced a plan to 澳洲幸运5官方开奖结果体彩网:sell its Family Dollar brand. JPMorgan analysts boosted their price target on the stock to reflect the expected benefits of Dollar Tree operating as a standalone business. Analysts at UBS Securities suggested the slimmed-down retailer is poised to benefit from 澳洲幸运5官方开奖结果体彩网:consumers seeking value in the uncertain economic environment.
• Shares of auto parts retailers gained ground as investors weighed the potential impact of tariffs on imported cars. Sticker shock stemming from the tariffs could encourage drivers to hold onto their older vehicles for longer, which would help drive sales for parts providers. AutoZone (AZO) shares jumped 4.0%, while shares of car parts rival O'Reilly Automotive (ORLY) gained 3.1%.
• Abbott Laboratories (ABT) received earlier-than-expected approval from European Union health regulators for its Volt Pulse Field Ablation (PFA) system, a device designed to treat patients with the heart rhythm disorder known as atrial fibrillation. The approval allows Abbott to begin the commercial application of the device in the EU, and the company expects to expand its use throughout the second half of this year. Abbott shares advanced 3.8% on Thursday.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

AppLovin Stock Plunges After Another Short-Seller Report

AppLovin (APP) shares plummeted Thursday after 澳洲幸运5官方开奖结果体彩网:short seller Carson Block’s Muddy Waters said it was taking a short position, alleging the adtech company engaged in “✤scammy” practices. 

Shares lost about one-fifth of their value Thursday to close at $261.70, bringing them into negative territory for the year. Still, the stock has nearly quadrupled in value over the last 12 months on expectations it could benefit from growing demand for AI-powered advertising tools as the company reported 澳洲幸运5官方开奖结果体彩网:strong revenue gains. 

Muddy Waters accused AppLo♕vin of misappropriating data and violating key partner platforms’ terms of service, among other things, and suggested backlash to its practices could hold back AppLovin’s growth pla𓆏ns and lead its services to be blocked by partners and boycotted by clients.

 AppLovi🔯n did not imme✃diately respond to a request for comment on the report. 

The report from Muddy Waters comes just weeks after 澳洲幸运5官方开奖结果体彩网:other short sellers&🔜nbsp;including Fuzzy Panda and Culper Research issued their own rep😼orts against AppLovin, accusing the company of engaging in fraudulent and deceptive practices.

-澳洲幸运5官方开奖结果体彩网:Kara Greenberg

Petco Stock Jumps on Profit Forecast

Petco (WOOF) shares soared Thursday morning as the pet retailer outlined a better-than-expected adjust🐽ed earn𝔍ings forecast for fiscal 2025.

For the full year, Petco expects sales to decline by low single digits, while adjusted EBITDA is seen rising to betweenꦺ $375 million and $390 million from $336.5 million in 2024. Analysts expected $371.6 million, according to estimates compiled by Vis𝓰ible Alpha.

The retailer also announced a new collaboration Thursday, with its pet supplies products now available through the retail section of Uber (UBER) Eats.

The retailer is planning to boost profits by cutting costs and operating more efficiently. CEO Joel Anderson said in Wednesday's earnings call that when he 澳洲幸运5官方开奖结果体彩网:took over last summer, Peꦬtco's "foundational practices were not those of a successful consumer business a🎃nd needed overhauling," according to a transcript from AlphaSense.

The average Petco customer "remains discerning," Anderson said, noting that the chain is reviewing its product portfolio, and plans to dedicate more shelf space to faster-selling brands. The retailer is also looking to improve its margins by "executing more targeted promotions," Anderson said.

The retailer reported $1.55 billion in sales for the quarter that ended Feb. 1, narrowly below estimates, while comparable store sale😼s grew by 0.5%, below the 0.83% analyst consensus. Petco recorded a net loss of $0.05 per share, $0.02 wider than expectations.

Petco's report follows that of online pet retail rival Chewy (CHWY), whose results 澳洲幸运5官方开奖结果体彩网:topped estimates Wednesday.

Petco shares gained 33% on Tꦯhursday. The stock has risen nearly 5🗹0% over the past 12 months, while Chewy shares have more than doubled over that period.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

GameStop Plunges on Plan to Issue Debt to Buy Bitcoin

GameStop (GME) shares tumbled Thursday, a day after the video game retailer said it was planning to issue $1.3 billion in 澳洲幸运5官方开奖结果体彩网:convertible bonds for general corporate purposes, including buying Bitcoin (BTCUSD).

The company, which earlier this week updated its corporate investment policy to include buying the toke💟n, said it is offering the convertible bonds to investors in a private sale. The bonds mature in 2030.

GameStop, a former 澳洲幸运5官方开奖结果体彩网:meme stock darling, is the latest company to use the sale of convertible bonds to load up on Bitcoin. Strategy (MSTR), formerly called MicroStrategy, has used the sale of 澳洲幸运5官方开奖结果体彩网:such bonds to become one 🧔of the world’s largest✤ holders of the token. 

Conv꧙ertible bonds are corporate bonds that can be changed by the ho🅘lder into the common stock of the issuing company.

GameStop shares were down 23% in late trading Thursday but have gained about 65% over the past 12 months.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Dollar Tree Soars as Analysts Cheer Family Dollar Sale

Dollar Tree (DLTR) shares soared Thursday, leading 澳洲幸运5官方开奖结果体彩网:S&P 500 gainers as analysts issued bullish comments on the retailer's deal to 澳洲幸运5官方开奖结果体彩网:sell the Family Dollar brand.

UBS Securities analysts on Thursday maintained their "buy" rating with a $95 澳洲幸运5官方开奖结果体彩网:price target, and said the Family Dollar sale "will make the investment case on the stock compelling, despite various uncertainties like the 澳洲幸运5官方开奖结果体彩网:impact of tariffs."

With the $1 billion Family Dollar brand sale to a pair of 澳洲幸运5官方开奖结果体彩网:private equity firms, the analysts said they believe Dollar Tree has "finally removed its biggest hurdle to create 澳洲幸运5官方开奖结果体彩网:shareholder value." The analysts said they believe investor sentiment should improve as Dollar Tree'ཧs earnings get a boost without ꩵFamily Dollar.

The analysts cited management's comments that customers from across a 澳洲幸运5官方开奖结果体彩网:range of income levels are turning to Dollar Tree as a sign that the company is "well positioned to benefiꦕt" from consumers trading down and looking for value.

In another research note Thursday, JPMorgan analysts kept their "neutral" rating while trimming their price target to $🧜78 from $88 to reflect the value of Dollar Tree operating as a s♓tandalone business rather than with Family Dollar.

UBS's $95 price target is higher than the $78.29 consensus compiled by Visible Alpha, while JPM's new price target is in line with the average.

Analysts from both brokerage firms also noted the potential headwinds of the Trump administration's tariffs. Dollar Tree executives have said they have not factored all of the announced tariffs into their full-year outlook numbers. However, the UBS analysts said benefits like the Family Dollar sale and improving 澳洲幸运5官方开奖结果体彩网:comparable-store sales trends "outweigh" the risk of tariffs.

Dollar Tree shar𝔉es were up 11% at $76.60 in recent tradin꧃g, putting the stock back into positive territory for 2025.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Which Auto Sector Stocks Stand to be Hardest Hit by Tariffs?

Shares of U.S. and international automakers tumbled on Thursday after President Trump declared a 澳洲幸运5官方开奖结果体彩网:25% tariff on imported vehicles and, eventually, auto parts. 

Economists and analysts expect the tariffs to dramatically increase costs for both U.S. manufacturers, whose 澳洲幸运5官方开奖结果体彩网:supply chains snake across North America, and consumers.

JPMorgan analysts had estimated Trump’s proposed tariffs on Canadian and Mexican vehicle imports would cost the industry about $41 billion a year if automakers absorbed all of the costs. After Wednesday’s announcement, which applies tariffs to all countries, they doubled their estimate to $82 billion. If manufacturers pass the entire cost of the tariffs along t✅o consumers, JPMorgan estimates car prices will increa🍎se by nearly 12%. 

The tariffs announced on Wednesday, the analysts said, were a slight reprieve for U.S. automakers like Ford (F) and General Motors (GM). If tariffs were confined to just Canada and Mexico, their reliance on factories in those countries would have put them at a disadvantage against international manufacturers. But with tariffs applied globally, domestic companies are in a better position to raise prices without losing 澳洲幸运5官方开奖结果体彩网:market share, the analysts said. 

That said, GM is still the most exposed of the car manufacturers that JPMorgan follows. It sources an estimated 40% of its vehicles from Canada and Mexico, and imports from South Korea. Ford, meanwhile, sources just 7% of its ca൲rs from America’s neighbors and has no exposure to South Korea. Analysts estimate GM's "tariff bill" will eventually total $13 billion, while Ford's could reach $4.5 billion.

Read the 澳洲幸运5官方开奖结果体彩网:full article here to learn w♏hat the tariffs mean for EV makers and parts suppli൲ers.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Jefferies Stock Sinks After Soft Results

Shares of Jefferies Financial Group (JEF) pluౠnged Thursday, a day after the financial services firm posted worse-than-expected results, which it🍸 said were caused by difficult capital market conditions.

The company posted first-quarter fiscal 2025 adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.57 on revenue that slid 8% year-over-year to $1.59 billion. Analysts surveyed by Visible Alpha were looking for $0.94 and $1.88 billion, respect🅰ively.

Asset management revenue plunged 30% to $191.7 million. Revenue from investment banking dropped nearly 4% to $700.7 million, and capital market revenue similarly declined to💝 $698.3 million.

In the management comments section of the earnings report, CEO Richard Handler and President Brian Friedman blamed the performance on global factors, arguing that "capital markets have become increasingly more challenging due to the uncertainties that have arisen around U.S. policy and geopolitical events."

Jefferies shares were down more than 9% in rec🐓ent trading. The stock has lost about a third of its value since hitting a record hig🧜h in January.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

AMD Slides as Jefferies Downgrades Stock

Advanced Micro Devices (AMD) shares lost ground Thursday as Jefferies analysts downgraded the stock, saying they expect the performance gap between AMD's latest products and Nvidia's (NVDA) to widen.

The analysts downgraded AMD's stock to a "hold" and cut their price target to $120, down from a "buy" rating and $135 price target previously. That's well below the $139 average target of analysts tracked by Visible Alpha, five of whom have issued "hold" ratings, compared to seven "buy" and one "sell" rating.

AMD shares were down more than 3% at $106.50 in recent trading Thursday, and have lost more than 40% of the🍎ir value over the last 12 months.

Citing performance tests conducted with three open-source 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) models in recent weeks, Jefferies wrote that Nvidia's H200 澳洲幸运5官方开奖结果体彩网:graphics processing unit (GPU) still has a "significant performance advantage" over AMD's MI300x, and that they expect the gap could "expand further" with Nvidia's Rubin and Blackꦑw♑ell lines.

Nvidia's GPU "outperformed AMD by a wide margin" across most of the analysts' tests. Despite AMD's product having some advertised advantages like higher memory bandwidth, they "do not result in superior real-world performance," the analysts wrote.

They also said "expectations of mounting competition" from Intel (INTC) contributed to the downgrade, as they believe Intel could have "fairly competitive chips" by next year 澳洲幸运5官方开奖结果体彩网:under its new CEO.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Goldman Raises End-Year Gold Price Target to $3,300/oz

Gold prices surged to another record high this morning as Goldma🍒n Sachs raised its price target on the precious metal.

The investment bank now expects gold to hit $3,300 per ounce by the end of 2025, up from its previous target of $3,100.

Gold futures were at $3,070 in recent trading, up 1.5% from Wednesday's close. Prices have jumped in the past year as investors, anxious about escalating trade wars and U.S. economic growth, have flocked to traditional 澳洲幸运5官方开奖结果体彩网:safe havens.

Goldman analysts Lina Thomas and Daan Struyven said their increased year-end target reflected higher-than-estimated inflows into gold by 澳洲幸运5官方开奖结果体彩网:exchange-traded funds as well as “continued strong central bank gold demand.” They said they expect large Asian centra🅷l bank buyers to “continue their rapid gold purchases for another 3-6 years.”✨

The analysts said investors could find “entry points” to acquire gold under two cases : A Russia-Ukraine peace deal that triggers speculative selling or a sharp drop in equities that leads to “margin-driven gold liquidation.” They noted, however, that rules by Beijing allowing Chinese insurers to acquire gold may limit declines.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Nvidia Price Levels to Watch as Selloff Accelerates

Shares of Nvidia (NVDA) movedℱ lower in early trading Thursday after plu🌼nging nearly 6% yesterday, extending a slump for the AI chipmaker.

Through Wednesday’s close, Nvidia shares have lost about a quarter of their value since hitting their record high in January, pressured by concerns over 澳洲幸运5官方开奖结果体彩网:AI spending, moderating sales growth and uncertainty over the 澳洲幸运5官方开奖结果体彩网:T🌟rump administration’s ཧtrade policies. 

Since setting their 澳洲幸运5官方开奖结果体彩网:record high, Nvidia shares have trended lower within a 澳洲幸运5官方开奖结果体彩网:descending channel. The price broke down below a 澳洲幸运5官方开奖结果体彩网:pennant pattern in Wednesday’s trading session on the highest volume in more than a week, 🌠indicating a continuation of the stock’s current move lower.

It’s also worth pointing out that the 澳洲幸运5官方开奖结果体彩网:50-day moving average (MA) recently crossed below the 200-day MA to form an ominous 澳洲幸运5官方开奖结果体彩网:death cross, a chart pattern that forecasts the start of a new downtrend. Moreover, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) has moved back below the 50 threജshold to signal weakening price momentum.

Investors sho🐼uld watch crucial support levels on Nvidia chart around $105 and $96, while also monitorಞing key resistance levels near $130 and $150.

🦩Nvidia sh🦂ares were recently down 0.7% at around $113.

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 Index Stock Futures Mixed

Futures tied to the Dow Jones ⛄Industrial Average were up 0.2% in recent trading.

S&P 500 futures were down fractionally.

Nasdaq 100 futures slipped 0.1%.