Biggest S&P 500 Movers on Tuesday

Decliners

• Mosaic (MOS) shares fell 7.7%, the S&P 500's weakest performance on Tuesday, after the fertilizer maker reported third-quarter sales and profits that came in 澳洲幸运5官方开奖结果体彩网:below analysts' forecasts. Volume declines across the company's potash, phosphate, and Mosaic Fertilizantes segments dragged on performance. Mosaic also announced that its chief financial officer (CFO) will step down at the end of the year.
  
• The CEO of GE Vernova (GEV), the energy equipment maker that completed its separation from General Electric in April, said the firm does not expect sales opportunities for new offshore wind energy projects until the market environment improves. The industry has been navigating supply-chain issues and interest-rate pressures. The re-election of vocal wind energy opponent Donald Trump also added to the uncertain outlook. Shares of the wind turbine manufacturer fell 7.4% on Tuesday.

• Amgen (AMGN) shares sank 7.1% as investment bank Cantor Fitzgerald flagged possible safety issues with MariTide, the biotechnology firm's experimental anti-obesity drug. According to analysts, data from clinical trials increased concerns about bone mineral density loss among patients taking the weight-loss treatment.

Advancers

• Tyson Foods (TSN) shares posted the strongest daily gain of any S&P 500 stock, rising 6.5% after the meat processor 澳洲幸运5官方开奖结果体彩网:beat sales and profit estimates for its fiscal fourth quarter. Year-over-year increases in beef and chicken sales drove the increase. Lower costs, especially a retreat in the price of grain used to feed chickens, also contributed to the strong results.
• Shares of medical device maker Dexcom (DXCM) popped 5.7% higher following reports that the company has officially opened its first manufacturing facility outside the U.S. The maker of continuous glucose monitoring (CGM) devices for patients with diabetes said its new plant in Penang, Malaysia, was an important investment in the country and a key part of plans to boost its global capacity.
• Ticketmaster parent Live Nation Entertainment (LYV) posted better-than-expected revenue and earnings per sh💯are (EPS) for the third quarter, and its shares jumped 4.7%. Live Nation's CEO said the company benefitted from its "most active summer concert season ever."

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Spotify Pops in Extended Trading as Subscriber Numbers Jump

Spotify (SPOT) added more subscribers than expected in the third quarter, sending shares sharply higher after the🌳 be𝔉ll Tuesday.

澳洲幸运5官方开奖结果体彩网:Monthly active users climb🦂ed 11% year-over-year to 640 million, and premium subscriptions came in at 252 million,▨ compared to expectations of 251.1 million. Looking ahead, Spotify guided for 665 million MAUs and 260 million premium subscribers in the fourth quarter, slightly ahead of the consensus view among analysts.

The Swedish audio streaming giant saw third-quarter revenue grow 19% year-over-year to 3.99 billion euros ($4.24 billion), slightly below market expectations. Operating income of 454 million euros compared to 32 million euros a year earlier and topped analysts' estimates,

The results come after Spotify 澳洲幸运5官方开奖结果体彩网:raised the price for individual Premium subscriptions to $11.99 per month from $10.99 in July. T🔯𓂃he Duo plan increased to $16.99 from $14.99, while the Family plan jumped to $19.99 from $16.99.

Shares of Spotify surged over 7% in extended trading Tuesday. They've more than doubled in value since the start of 2024.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Nvidia Climbs as Wall Street Remains Bullish Ahead of Earnings

Nvidia (NVDA) shares rose 2% Tuesday after 🅘analysts at Mizuho raised their price target for the company🦄’s stock ahead of its third-quarter results due next week.

The firm upped its target from $140 to $165, slightly above the analyst consensus near $160, according to Visible Alpha.

“We see [Nvidia] remaining the leader in the AI tr♋aining and inference chips for data center applications,” the analysts wrote, estimating that the company holds a dominant market share of nearly 95% in the space.&nb🦩sp; 

Nvidia’s third-quarter earnings, expected Nov. 20, will be the company’s first as a member of the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average after it and paint maker Sherwin-Williams (SHW) 澳洲幸运5官方开奖结果体彩网:joined the blue-chip index last week. 

The analyst consensus has Nvidia reporting revenue of $33.07 billion, up 82% year-over-year. The world's most valuable company’s stock has nearly tripled in 2024 driven by demand for the company’s family of AI chips—including its next-generation Blackwell graphics processing units.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Tyson Surges as Higher Beef and Chicken Prices Boost Results

Tyson Foods (TSN) shares took off Tuesday after the meat processor beat profit andꦦ sales estimates as higher prices helped boost beef and chicken sales.

The company posted fourth-quarter adjusted earnings per share (EPS) of 92 cents, above the analysts' estimates compiled by Visible Alpha. Revenue was up 1.6% year-over-year to $13.57 billion, also ahead of forecasts.

Beef sales gained 4.6% to $5.26 bil🗹lion, while chicken sales increased 2.3% to $4.2🍰5 billion as prices rose. Pork prices sank 6.9%, sending sales tumbling 3.7% to $1.44 billion.

Tyson's fiscal 2024 revenue came in at $53.31 billion, more than the company 澳洲幸运5官方开奖结果体彩网:had projected in the third quarter. CEO Donnie King said Tyson “delivered significant improvement in profitability for the fou🌳rth quarter and full year.”

Tyson shares wer𝐆e up nearly 7% in intraday trading Tuesday and have added about 17🎶% since the start of the year.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Bitcoin Prices to Watch as Cryptocurrency Nears $90K

Bitcoin 🐬remains in the spotlight on Tuesday as the cryptocurrency nears $90,000 amid a post-election rally. Investors are optimistic that the Trump administration and Republican lawmakers could provide regulatory clarity for digital assets and establish a strategic Bitcoin reserve.

The cryptocurrency's price has continued to trend sharply higher into price discovery mode after breaking out from a trading range last week following the election outcome.

A bars pattern, which takes the Bitcoin's trending move from September 2023 to March this year and repositions it from the September 2024 low, projects an upside price target of around $150,000.

Investors should watch a crucial zone of support on the cryptocurrency's chart between $73,000 and $70,000.

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

Shopify Jumps More Than 25% on Earnings

Shopify (SHOP) shares soared to their highest level 🉐in nearꦇly three years Tuesday as the provider of online services for retailers posted better-than-anticipated results on strong sales growth.

The company reported third-quarter 澳洲幸运5官方开奖结果体彩网:operating income jumped 132% year-over-year to $283 million, with revenue up 26% to $2.16 billion. 澳洲幸运5官方开奖结果体彩网:Free cash flow climbed 53% to $🍎421 million. All 💮exceeded consensus forecasts of analysts polled by Visible Alpha.

The company anticipates current-quarterꦚ revenue will be up by a mid-to- high-twenties percentage. 

Shopify shares were up 26% at $113 recently, pushing th🌟eir year-to-date gains to 45%.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Honeywell Rises After Activist Elliott Discloses Stake

Honeywell International (HON) shares rose to an all-time high Tuesday after Elliott Investment Management said it has 🤪built a $5 billion-plus position in the industrials conglomerate and is seeking a breakup of the company.

Elliott said in a statement that it had sent a letter to Honeywell's board of directors seeking separations of the aerospace and automation businesses as standalone companies. The hedge fund said it believed such a split out of the two companies would result in share-price increases of between 51% and 75% over the next two years as they benefit from more focused management and a simplified structure.

"The conglomerate structure that once suited Honeywell no longer does, and the time has come to embrace simplification," Elliott said, noting that "uneven execution, inconsistent financial results and an underperforming share price have diminished the Company's strong record of value creation over the last five years."

Honeywell is one of the few industrial conglomerates that has yet to break up, although it announced plans last month to 澳洲幸运5官方开奖结果体彩网:streamline its business and spin off its 📖advanced materials division.

Charlotte, N.C.-based Honeywell last month posted lower-than-estimated quarterly sales and 澳洲幸运5官方开奖结果体彩网:lowered its revenue guidance as demand for its industrial automation products slumped.&n🐭bsp;

The stock ♓was up 2% at around $230 in recent trading, 𝕴after hitting a high of just under $243 earlier in the session.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Live Nation Shares Hit Record High on Q3 Earnings Beat

Shares of Live Nation (LYV) rose Tuesday morning after the Ticketmaster par♌enꦓt company's third-quarter earnings came in better than expected.

Late Monday, the entertainment company reported $7.7 billion in revenue, just below what analysts had꧂ estimated, but profit of $1.66 per share for the quarter was above the consensus estimates of $1.57. Revenue and EPS were both down from the sಌame time last year.

CEO Michael Rapino said Live Nation is coming off of the company's "most active summer concert season ever," an🧸d said an "even bigger" lineup in 2025 should continue to fuel its results.

After results earlier this year were boosted by Taylor Swift's 澳洲幸运5官方开奖结果体彩网:blockbuster "Eras Tour," which will end with several shows in Canada over the next month, the company said it is looking ahead to stadium tours from acts like Shakira and Coldplay to drive sales next year. Lཧive Nation said it has already sold 20 million tickets for 2025 shows, and said the arena tour ticket sales are "delivering double-digit average growth in show grosses relative to past tours."

The ticket seller and venue owner is still facing an 澳洲幸运5官方开奖结果体彩网♌:attempt fꦦrom the Department of Justice to break up Live Nation and Ticketmaster after their 2010 merger. The DOJ accused Live Nation of acti🐻ng as a monopoly earlier this year in a lawsuit, including allegations of intimidation and retaliation to get venues to use Ticketmaster for their♔ ticket sales.

Live Nation shares hit an all-time high this morning and were recently up 4.5%.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Coinbase Price Levels to Watch Amid Post-Election Surge

Coinbase (COIN) shares surged to a thr𝓡ee-year high Monday as investors bet that higher trading volumes and a more favorable regulatory environment under the incoming Trump Administration could benefit the 🍸crypto exchange.

The move came as Bitcoin (BTCUSD) set another record high on Monday above $88,000, and Ether (ETHUSD), the native token of the Ethereum blockchain, 💛rose to a multi-year peak. Rising cryptocurrency prices💫 boost Coinbase by generating more trading activity, which in turn boosts the company’s revenues through increased fees.

Coinbase shares ꦅwere down slightly at around $322 in early trading Tuesday, a🎶s bitcoin came off its record highs.

The stock broke out above the top trendline of a seven-month descending channel last week on above-average volume, with follow-through buying cont🐭inuing into this week.

Investors should watch key overhead levels on the Coinbase chart around $369, $430, and $695, while monitoring an 🦄important sup🍸port area near $220.

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 Slightly Lower

Futures tied to the Dow Jones Ind💙ustr🥂ial Average were down 0.1%.

S&P 500 futures were down 0.1%.

Nasdaq 100 futures were also off 0.1%.