Top S&P 500 Movers on Friday

Decliners:

• Applied Materials (AMAT) exceeded top- and bottom-line estimates for the recently completed quarter, but the semiconductor equipment provider offered lo✱wer-than-expected sales guidance for the current 💖quarter. Applied Materials shares tumbled 9.2% on Friday, losing the most of any S&P 500 stock.
• Shares of marketing and corporate communications firm Omnicom Group (OMC) dropped 7.8%. In its most recent earnings report, released a month ago, Omnicom topped sales and profit expectations, benefitting from its acquisition of digital commerce platform Flywheel Digital, which closed at the beginning of this year. However, analysts indicate that Omnicom faces challenges related to managing costs as well as economic uncertainties and possible technological disruptions.
• Moderna (MRNA) shares lost 7.3% following reports that President-elect Donald Trump 澳洲幸运5官方开奖结💛果体彩网:intends to nominate Robert F. Kenned🔯y Jr., who has openly expressed his skepticism about vaccines, as the leader of the Department of Health and Human Services. Kennedy has indicated that he will push for significant changes to the Food and Drug Administration (FDA). Shares of fellow vaccine maker Pfizer (PFE) slid 4.7%.

Advancers:

• Palantir Technologies (PLTR) shares logged the top performance of any S&P 500 constituent on Friday, surging 11.1%. The analytics software firm announced that it would 澳洲幸运5官方开奖结果体彩网:move its stock listing to the Nasdaq from the New York Stock Exchange. Palantir's Class A shares are set to begin trading on the Nasdaq Global Select Market, retaining the "PLTR" ticker, the company said.
• Shares of Walt Disney (DIS) rose 5.4% on Friday, adding to gains posted in the previous session after the entertainment giant 澳洲幸运5官方开奖结果体彩网:topped consensus estimates with its fiscal fourth-quarter revenue and adjusted profit. Disney's streaming services posted strong profit growth, while revenue from its Experiences division, which includes its theme parks and cruise ships, ticked higher year-over-year.
• DaVita (DVA) shares added 3.9%. Friday's uptick extended the stock's recovery from a sharp post-earnings decline. In its report released on Oct. 29, the kidney dialysis provider fell short of quarterly profit forecasts. Despite declining net income and increasing costs, analysts have expressed optimism about DaVita's operational success and growth potential.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Alibaba Stock Drops as Disappointing Sales Overshadow B♓ig Ear♌nings Beat

Alibaba Group's (BABA) US-traded shares were down more than 2% Friday after the Chinese e-commerce giant posted higher-than-expected quarterly earnings on the back of cloud operations growth fueled by 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) but revenue was lower than expected.

The company said that net income i🐲n its September q🐓uarter soared 63% to 43.5 billion Chinese yuan ($6.02 billion) year-over-year, comfortably beating the 26.8 billion yuan expected by analysts polled by Visible Alpha.

Revenue of 236.5 billion yuan, up 5% hi🍷gher year-over-year, undershot the 239 billion yuan analysts’ estimate.

Alibaba’s New York-listed shares, at about $88 each, have risen 14% this year, driven higher by investor hopes that Beijing’s planned stimulus will revive consumer spending. Spending appetite has been hit by the country’s prolonged real estate slump i🦋n recent years.

The stock, however, is still well off an all-time high of 澳洲幸运5官方开奖结果体彩网:almost $319 in Nove🧔mber 2🍒020 before Beijing began a crackdown on large tech firms and sidelined founder Jack Ma.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Spectrum Brands' Stock Falls as Remington Parent's Earnings Miss Estimates

Spectrum Brands (SPB) shares fell Friday after the parent company of Reminꦡgton and George Foreman brands posted lower-than-estꦇimated earnings per share and a muted sales outlook for the upcoming year.

Spectrum rep🐼orted net income of $28.6 million, up from $16.8 million, for its fisc✤al fourth quarter, and sales of $773.7 million. Those were above estimates from analysts polled by Visible Alpha of $27.3 million in net income and $750 million in sales.

澳洲幸运5官方开奖结果体彩网:Earnings per share (EPS) lagged estimates, however. The company’s EPS for the quarter was $1.01, below consensus estimates of $1.07, and adjusted EPS was $0.97, below $1.05 projections.

Spectrum gave a relatively muted outlook for the year. The company said it is projecting “low single-digit” growth in its net sales for its fiscal 2025 year, and “mid-to-high-single-digits” adjusted earnings ♕before interest, taxes, depreciation, 🐷and amortization (EBITDA) growth.

Spectrum Brands shares were down more than 6% Friday afternoon but remaine🌄d up 10% for the 💜year.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Why Is Warren Buffett Selling So Much Stock?

澳洲幸运5官方开奖结果体彩网:Warren Buffett is stock🍸piling cash, regulatory filings revealed Thursday.

His Berkshire Hathaway (BRK.A; BRK.B) holding company was 澳洲幸运5官方开奖结果体彩网:a net seller of equities in the third quarter when it offloaded about 25% of its stake in Apple (AAPL) a༒nd grew its cash pile to a r🌠ecord $320 billion. 

Investors watch Berkshire's cash hoard closely for its potential as "澳洲幸运5官方开奖结果体彩网:dry powder." One potential reason Buffett's keeping that powder dry: The "Oracle of Omaha" may not 🔯see much room for growth in the market.

The ratio of 澳洲幸运5官方开奖结果体彩网:stock market capitalization-to-GDP, also known as the "Buffett Indicator," is used to determine whether an overall market is undervalued or overvalued. The stock market's total value hit a record high of $58.13 trillion on Monday, "an unprecedented 198.1% of U.S. GDP last quarter," Business Insider wrote, citing Wilshire Indexes data.

That number is a major red flag for Buffett. In a famous Fortune article from 2001, Buffett said, "If the ratio approaches 200%—as it did in 1999 and a part of 2000—you are playing with fire."

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

V💃accine Maker Stocks Slump After RFK Jr. Nominated to L♚ead Health Department

Shares of several vaccine makers were down Friday following the nomination of 澳洲幸运5官方开奖结果体彩网:Robert F. Kennedy Jr. to head the Depar♚tmen♌t of Health and Human Services.

Kennedy said following his nomination that he looks forward to "working with the more than 80,000 employees at HHS to free the agencies from the smothering cloud of corporate capture."

The former presidential candidate spent his career as an environmental lawyer before entering the "anti-vaccination" movement around 2005, according to The New York Times. Kennedy has promoted the long-debunked theory that vaccines cause autism, and the Times reported that organizations Kennedy has started have promoted misleading or disproven theories about harmful effects of vaccines.

The stocks of several pharmaceutical companies were down Friday including Pfizer (PFE), Eli Lilly (LLY), and Novavax (NVAX), among others.

The declines extended to international companies that operate in the U.S. market, including AstraZeneca (AZN), BioNTech (BNTX), and weight-loss drug giant Novo Nordisk (NVO).

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Palantir ꦰStock Surges as It Shꦏifts Listing to Nasdaq

Palantir Technologies (PLTR) shares jumped Friday after the analytics software provider said it is shifting its listing to the Nasdaq from the 澳洲幸运5官方开奖结果体彩网:New York Stock Exchange.

The company, a retail investor favorite, said it will transfer the listing of its Class A common shares to the Nasdaq Global Select Market, with trading set to start on Nov. 26. Its common shares will continue to trade under the "PLTR" symbol, it said.

"Upon transferring, Palantir anticipates meeting the eligibility requirements of the Nasdaq-100 Index," the company said.

The Nasdaq 100 is a collection of the 100 largest, most actively traded companies listed on the Nasdaq stock exchange and its components include the world's three largest companies by market capitalization: Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA), the lynchpin of the 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) boom. 

The index is tracked by the Invesco QQQ ETF (QQQ), one of the l🍃argest and most actively traded exchange-traded funds in the U.S.

Palantir shares surged 9% Friday morning. They started 2💟024 at $16.58 each and are now trading around $64.80 each.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Market Less Certain That Fed Will Cut Rates Again in December

Expectations that the Federal Reserve will cut interest rates again in December have fallen as data shows continued strength in the economy and after Fed Chair Jerome Powell said that 澳洲幸运5官方开奖结💞果体彩网:the centraඣl bank would move cautiously as it eases monetary policy.

Market participants are now pricing in a 55% likelihood that the Fed will cut its benchmark rate at its policy meeting next month, according to the CME FedWatch Tool, which forecasts interest rate movements based on fed funds futures trading data, That's down from the 72% chance that was being priced in yesterday, ahead of Powell's comments.

The Fed cut the influential fed funds rate by a quarter percentage point last week. That followed a half-point cut in September, when the Fed reduced rates for the first time in four years as inflation continued moving closer to the central bank's target and the labor market showed signs of weakness.

Disney Extends Post-Earnings Surge—Watch These Levels

Disney (DIS) shares were moving higher in early trading Friday, adding to the big gains recorded yesterday after the entertainment giant topped Wall Street’s quarterly estimates and 澳洲幸运5官方开奖结果体彩网:provided an upbeat long-💃term outlook.

⭕The stock was up 3.5💙% at $113 about half an hour after the opening bell.

The stock broke out above a pennant pattern last week, with upside momentum accelerating this week after the company's better-than-expected quarterly results.

Investors should watch key overhead levels on Disney's chart around $123, $137, and $153, while monitoring a major support area near $85.

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 Indexes on Track to Post Weekly Losses

The S&P 500, Nasdaq Comp๊osite and Dow Jones Industrial Average are on pace record weekly losses, as the post-election rally that pushed major indexes to record highs loses steam.

On Monday, the S&💛P 500 closed above 6,000 and the Dow finished above 44,000 for the f💛irst time ever. Stocks have slumped since then, as the chart below shows.

For t༺he Dow and S&P 500, this would mark th🐭e third week of the last four that the indexes have posted weekly losses.

Major Index Stock Futures Point to Lower Open

Futures tied to the Dow Jones Industrial Average were down 0.4🔴%.

S&P 500 futures were down 0.5%.

Nasdaq 100 futures were off 0.9%.