Biggest S&P 500 Movers on Monday

Advancers

• Super Micro Computer (SMCI) shares surged 15.9%, notching Monday's top performance in the S&P 500, following reports that the server and data storage provider is 澳洲幸运5官方开奖结果体彩网:prepared to submit a plan that will avoid the delisting of its stock from the Nasdaq. Supermicro shares have been under pressure since the company delayed the filing of its annual report amid accusations of accounting irregularities, jeopardizing its compliance with the exchange's reporting requirements.
• Shares of Henry Schein (HSIC), which distributes medical and dental supplies to health care providers, jumped 7.5%. The gains came after reports that activist investor Ananym Capital Management is encouraging Henry Schein to pursue numerous changes that could boost its stock price, including reshuffling its board of directors, improving succession plans, cutting costs, and evaluating a potential sale of its medical distribution business.
• Analysts at HSBC upgraded Moderna (MRNA) stock to "buy" from "hold," indicating they view shares of the biotech firm as undervalued. Moderna shares popped 7.2% higher, clawing back a portion of the losses posted last week amid concerns about the outlook for vaccines under the incoming presidential administration.
• CVS Health (CVS) announced that it will add four new members to its board of directors in a deal with 澳洲幸运5官方开奖结果体彩网:activist investor Glenview Capital. Glenview amassed a significant position in the drugstore operator and has been pushing for changes to boost value creation. CVS shares added 5.4% on Monday.

Decliners

• Amentum (AMTM) shares plummeted 9.6% on Monday, falling the most of any S&P 500 stock. The provider of technology and engineering solutions to the U.S. government faces integration risks following its merger with a pair of divisions spun out from Jacobs Solutions (J), which closed in September.
• Shares of Palantir Technologies (PLTR) fell 6.9%, giving back a portion of the robust gains posted since the analytics software firm beat quarterly 澳洲幸运5官方开奖结果体彩网:sales and profit expectations in a report released Nov. 4. Monday's reversal occurred after a regulatory filing revealed that Palantir CEO Alex Karp sold 4.5 million shares of the stock, raising concerns about management's confidence in the company's upcoming performance.

• Uber Technologies (UBER) shares fell 5.4% following reports that President-Elect Donald Trump could relax regulations related to self-driving cars during his second term. The prospect of establishing a federal framework for autonomous vehicles bodes well for Tesla's (TSLA) plans to launch a robotaxi network that would compete with Uber's ride-hailing business. Shares of fellow ride-sharing platform Lyft (LYFT) slipped 4.5% on Monday, while Tesla 澳洲幸运5官方开奖结果体彩网:shares traded 5.6% higher.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

What Wall Street Thinks of Lowe's Before Earnings Report

Lowe's Cos. (LOW) is set to report third-quarter results Tuesday morning, with analysts expecting lower revenue than the same time last༺ year despite a potential sales boost from recent hurricanes.

Analysts are slightly less bullish on Lowe's stock than its home-improvement rival Home Depot (HD), which reported earnings earlier this month. Of the 19 analysts who cover Lowe's tracked by Visible Alpha, 10 hold 澳洲幸运5官方开奖结果体彩网:"buy" ratings, eight have "holds," and one has a "sell" rating. Their average 澳洲幸运5官方开奖结果体彩网:target price is $269.32.

Lowe's shares gained nearly 1% on Monday to finish the session near $272. The stock has gained 22% so far in 2024, slightly lagging the S&P 500 over the period.

Analysts expect Lowe's to report sales of $19.89 billion, down from $20.47 billion last year. 澳洲幸运5官方开奖结果体彩网:Net income is expected to decline nearly 10% to $1.60 billion, or $2.82 澳洲幸运5官方开奖结果体彩网:per share.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Liberty Energy Rises as CEO Nominated for Energy Secretary

Shares of Liberty Energy (LBRT) rose Monday after CEO Chris Wright 🍎was tapped by President-elect Doꦛnald Trump to be energy secretary.

Liberty Energy is an oilfield services and fracking company founded by W🧸right with a market capitalization of nearly $3 billion. The stock gained nearly 5% on Monday, though is slightly in negative territory since the start of the year.

Wright also sits on the board of Oklo (OKLO), a nuclear energy company backed by OpenAI CEO Sam Altman. Okl꧙o stock soared 15% Monday and has nearly doubled since the start of the year,📖

Wright has advocated for the oil and gas industry, saying in a video posted to LinkedIn last year that "there is no climate crisis, and we're not in the midst of an energy transition, either."

Trump said his new secretary of energy, pending Senate confirmation, will also serve on the new♑ly created Council of National Energy alongside North Dakota Gov. Doug Burgum, whom Trump appointed as secretary of the interior.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

What Wall Street Thinks of Walmart Before Earnings Report

Walmart (WMT) is slated to report earnings before the market opens Tuesday for the third quarter of fiscal 2025, with analysts expecting improving sales as Wa🦋lmart contiܫnues to expand its customer base across income levels.

Analysts are bullish on the retail giant's stock, with 22 of the 23 analysts covering Walmart tracked by Visible Alpha 澳洲幸运5官方开奖结果体彩网:rating the stock as a "buy" and just one analyst calling it a "hold." The average 澳洲幸运5官方开奖结果体彩网:target price of $86.43.

Walmart shares fell 0.2% to $84.08 on Monday.

Walmart is projected to report revenue at $167.73 billion, up from $160.8 billion in the same period last year. The retailer is expected to post net income of $4.24 billion, up from $453 million last year, when its profits were hit by negative changes to the value of some of its investments. Walmart's adjusted profits are expected to rise to $4.26 billion from $4.13 billion in the second quarter.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

MicroStrategy Rises as it Buys $4.6 Billion More in Bitcoin

MicroStrategy (MSTR) made a massive addition to its bitcoin (BTCUSD) holdings over the past week, acquiring 51,ജ780 BTC for approximately $4.6 billion, according to a regulatory filing.

This purchase boosts its total bitcꦛoin holdings to 331,200 BTC, which is worth roughly $30 billion at current prices.

MicroStrategy shares were up 8% in recent trading, boosting their year-to-date gains to near🐓ly 500%. Meanwhile bitcoin was trading around $91,000 and has almost doubled in price since the start of the year.

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:Kyle Torpey

Netflix Levels to Watch as Stock Trades at Record Highs

Netflix (NFLX) shares rose to a record high on Monday after the streaming giant's  broadcast of a highly anticipated fight between YouTube influencer-turned-boxer Jake Paul and boxing legend Mike Tyson reached a reco♊rd 60 million households on Friday night.

The stock was up 2.5% in mid-afternoon trading at around $845, as investors looked past the technical glitches that many viewers experienced during the boxing match.

Since breaking out above the top trendline of an 澳洲幸运5官方开奖结果体彩网:ascending triangle pattern following the company’s better-than-expected quarterly results last month, Netflix shares have continued to trend sharply higher. However, the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) turned downward on Friday, indicating slowing bullish price momentum.

A bars pattern, which takes the stock’s trending period from January to April and repositions it from the breakout of an ascending tria꧅ngle last month, forecasts an upside target o🌳f around $870.

Investors should watch major support levels on Netflix's chart around $770, $725, and $690.

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

Get Ready for a Big Finale to Earnings Season

Earnings season is almost dﷺone—but a big finale is expected this week. 

More than 90% of reports from S&P 500 companies are in, according to a Monday note from Oppenheimer, which said third-quarter profits are up 6.8% year-over💙-year—with eight of the benchmark index’s 11 sectors reporting rising earnings—o💧n the back of 5% revenue growth.

Those numbers are a bit higher than FactSet’s “blended” figure, which combines reported results with estimates for those yet 𓆉to announce; as of Friday, those were at 5.4% for profits and 5.5% for revenue.

Still, some of the biggest events 澳洲幸运5官方开奖结果体彩网:on the calendar remain ahead. Retailers Walmart (WMT) and Lowe’s (LOW) are set to deliver results Tuesday, while Target (TGT) and TJX (TJX) are expected to deliver their numbers a day later. Taken together, the results—and any updates to the companies’ outlooks—could offer fresh perspective on the 澳洲幸运5官方开奖结果体彩网:state of the consumer ahead of Black Friday. 

The main event, however, may come Wednesday after the bell, when chip giant Nvidia (NVDA) is set 澳洲幸运5官方开奖结果体彩网:to report results. Big Tech broadly has so far exceeded Wall Street’s earni𝔉ngs growth expectations in the third-quarter, UBS strategist 🌺Jonathan Golub noted last week.

The last of the 澳洲幸运5官方开奖结果体彩网:Magnificent Seven tech giants to report, Nvidia—one of the best-performing stocks in the S&P 500 this year—is expected to both deliver big revenue growth and illustrate the state of ongoing demand for the technology underpinning 澳洲幸运5官方开奖结果体彩网:artificial intelligence. 

Nvidia is “the most dominant stock in the market,” Bank of America analysts wrote in a Sunday note, saying it is responsible for a fifth of the S&P 500's return over the past 12 months. “With the market 澳洲幸运5官方开奖结果体彩网:taking a breather last week following the election rally, we beli༺eve✱ Nvidia earnings can dictate the near-term direction of the market.”

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

Nvidia Slips After Report of Blackwell Chip Snag

Nvidia (NVDA) shares fell Monday as reports, citing The Information, said that its next-generation 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) Blackwell ch🦩ips have faced problems with accompanying servers that overheat.

Nvidia’s Blackwell graphics processing units reportedly overheat when connected in server racks designed to hold up to 72 chips. The chipmaker has asked its suppliers to change the design of the racks several times to resolve overheating problems,ꦏ with some customers worried they won’t have enough time to get new data centers u🍨p and running, according to reports.

"NVIDIA GB200 systems are the most advanced computers ever created. Integrating them into a diverse range of data center environments requires co-engineering with our customers,” an Nvidia spokesperson said in a statement to Investopedia.  “While our customers race to be first to market, NVIDIA is working with leading CSPs (cloud service providers) as an integral part of our engineering team and process. The engineering iterations are normal and expected."

Nvidia CEO Jensen Huang has called the Blackwell chip "a 澳洲幸运5官方开奖结果体彩网:complete game changer for the industry." Nvidia has said it expects to ship several billion dollars worth of Blackwell revenue during the Janua♐ry quarter as production ramps 🉐up.

Shares of Nvidia, which will release its highly anticipated 澳洲幸运5官方开奖结果体彩网:earnings report on Wednesday, were down ab💎out 1.3% in 🧸recent trading, after falling as much as 3.3% earlier in Monday's session.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Supermicro Rallies on Anticipation of Plan to Avoid Delisting

Shares of Super Micro Computer (SMCI) jumped in early trading Monday, extending their rally on anticipation the company is preparing to submit a plan to avoid 澳洲幸运5官方开奖结果体彩网:being delisted from the 澳洲幸运5官方开奖结果体彩网:Nasdaq stock exchange.

Citing a person familiar with the situation, Barron's 澳洲幸运5官方开奖结果体彩网:reported Friday that the server manufacturer expects to be able to meet the ဣdeadline set by the Nasda🍸q by submitting a plan by Monday.

The gains come after the stock took a hit in recent months from concerns about the company's stock being delisted after it delayed filing its annual report in August. The company 澳洲幸运5官方开奖结果体彩网:said it received a letter from the Nasdaq on Sept. 17 informing𝔍 Supermicro of a 60-day deadline to file the late report, with a weekend deadline leaving Monday the effective date.

Earlier this month, the company said it "remains unable at this time to predict" when it would file the delayed annual report. 澳洲幸运5官方开奖结果体彩网:Last week, Supermicro said its official first-quarter results would also be delayed, as it hires a new auditor to review its results after accounting firm EY resigned.

EY's resignation followed months of speculation about Supermicro's accounting after the annual report was delayed, and a report from 澳洲幸运5官方开奖结果体彩网:short seller Hindenburg Research 澳洲幸运5官方开奖结果体彩网:accused it of "accounting manipulation" and other violations.♏

Supermicro shares were up over 10% in recent trading, after rising as much as 22% in the opening minutes of Monday's session. The stock is still down more than 80% from its highs in March.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Tesla Jumps on Trump Team Plans to Ease Self-Driving Rules

Shares of Tesla (TSLA) moved higher in premarket trading Monday following a report that President-elect Donald Trump's transition team is planning a 澳洲幸运5官方开奖结果体彩网:federal framework for fully self-📖driving v🐬ehicles, as investors bet on easier rules for the company's robo🐼taxi.

Tesla CEO Elon Musk, who is part of Trump’s 澳洲幸运5官方开奖结果体彩网:inner circle, benefits under such a frౠamework as he has made the robotaxi, a vehicle that will be able to drive itself without human supervision, a key focus of the EV 🉐maker’s future.

According to Bloomberg, Trump’s transition team members have told advisers they plan to make a federal framework for fully self-driv🅰ing vehicles one of the Transportation Department’s priorities. 

At the moment, companies looking to sell vehicles without steering wheels or foot pedals en masse, something Tesla is planning, faꦓce significant regulatory hurdles, the report said. Present U.S. rules also pose big obstacles for Tesla’s plans for a robotaxi, including a cap that limits their deployment, the report added.

Wedbush analysts reiterated their outperform call on the EV maker, saying a federal framework would be "bullish for Tesla" and a "huge step forward in easing US rules for self-driving cars."

Wedbush, which has a 澳洲幸运5官方开奖结果体彩网:$400 price target on the EV maker, said last week that Tesla, which is less reliant on credits than smaller upstarts, could even benefit from less government support for EVs, Investors expect a Trump presidency to 澳洲幸运5官方开奖结果体彩网:roll back EV credits given under the Biden administration.

Tesla shares𒅌, which have gained more than 30% since election day, were up 6% in recent premarket tradingꦡ.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Major Index Stock Futures Mixed

Futures tied to the Dow Jones I🍬ndustrial Average were down 0.2%.

S&P 500 futures were up fractonally.

Nasdaq 100 futures were up 0.2%.