Biggest S&P 500 Movers on Tuesday

Advancers

• Super Micro Computer (SMCI) shares skyrocketed 31.2%, the top performance in the S&P 500 on Tuesday, after the server manufacturer 澳洲幸运5官方开奖结果体彩网:filed a compliance plan to avoid the delisting of its stock by the Nasdaq.

• Vistra (VST) shares jumped 5.6% after the power generator announced the private offering of senior secured notes, aiming to raise at least $1.25 billion to repay debt and for other general purposes. Late last week, JPMorgan included Vistra among its top stock picks for 2025, 澳洲幸运5官🌳方开奖结果体彩网:pointing to its strong production capacity.
• Much of the market's attention this week is zeroed in on Nvidia (NVDA), the highest-capitalized company in the world, which is set to release its 澳洲幸运5官方开奖结果体彩网:hotly anticipated quarterly report on Wednesday afternoon. Analysts expect the semiconductor giant and to post strong year-over-year sales and profit growth. Still, investors will look for updates on shipments of Nvidia's new Blackwell artificial intelligence (AI) chips following a report about potential overheating issues and amid concerns about supply constraints. Nvidia shares added 4.9% on Tuesday.
  
• GE Vernova (GEV), the energy technology company that completed its spinoff from General Electric in April, announced an agreement to acquire a heavy-duty gas turbine combustion parts business from Woodward (WWD). GE Vernova said the deal is part of a broader strategy to strengthen its domestic supply chain, and its shares gained 4.5%.

Decliners

• Incyte (INCY) shares plunged 8.3%, suffering the steepest drop of any S&P 500 stock, as the pharmaceutical company 澳洲幸运5官方开奖结果体彩网:provided negative updates on two of its experimental drug candidates. The firm announced that it would no longer develop its compound intended to treat cholestatic pruritus (CP), a liver disorder that causes intense itching, in the wake of discouraging data from a clinical trial. Incyte also paused enrollment in an ongoing Phase 2 trial of a drug to treat chronic hives.
• Moderna (MRNA) shares lost 5.6% after analysts at Berenberg initiated coverage of the stock with a "hold" rating. The firm believes the vaccine maker is unlikely to meet its 2028 breakeven target, noting Moderna has been rapidly spending its COVID cash and remains vulnerable to commercial pressure as well as uncertainties under the incoming presidential administration.
  
• Shares of financial software provider Intuit (INTU) sank 5.1% following reports that leaders within the incoming presidential administration have discussed the possibility of developing a mobile app to allow taxpayers to file their returns for free with the Internal Revenue Service. Known for its TurboTax filing software, Intuit stands to lose customers and revenue in the event that the government launches a free and widely available tax filing platform.
• Jacobs Solutions (J) shares tumbled 4.9% after the construction services firm reported results for the fiscal fourth quarter of 2024. Although revenue ticked higher year-over-year, profits fell short of consensus estimates, with the gross margin remaining flat from a year ago. During the quarter, Jacobs completed the spinoff of its Critical Mission Solutions and its Cyber and Intelligence businesses, and the company forecasts that its more streamlined portfolio and efficient operating structure will help drive mid- to high-single-digit revenue growth over the current fiscal year.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Netflix Shares Hit New High Amid Optimism About Live Events

Netflix (NFLX) shares surged to an all-time high Tuesday as Wall Street analysts lifted their price targets for the streaming giant's stock, citing optimism about its potential to benefit from live events following 澳洲幸运5官方开奖结果体彩网:last week's boxing match between Mike Tyson and Jake Paul.

Netflix said Tuesday that the event drew up to 65 million concurrent streams across the globe, with an "average minute audience" of 108 million people. The company said it was the top-streamed program on its platform in 78 countries last week, and that an earlier fight between Katie Taylor and Amanda Serrano averaged 74 million global viewers.

Sports are a key element of Netflix's plans to 澳洲幸运5官方开奖结果体彩网:grow its subscriber base, and Wedbush analysts said the Tyson-Paul fight proved Netflix's ability to "drive outsized live events viewership." They raised their price target to $950 from $800, suggesting 9% upside f♕rom Tuesday's closing price.

Analysts from Wedbush and Jefferies suggested Netflix's 澳洲幸运5官方开奖结果体彩网:first NFL games, set to be livestreamed on Christmas, could boost the streamer's subscriber base. The analysts cited Netflix's recent announcement that Beyoncé will perform at halftime of the second game of the day between theꦉ Houston Texans and Baltimore Ravens as another factor that could drive new subscribers.

Jefferies analysts, lifting their price target to $1,000 from $800, added they expect issues with the Tyson-Paul fight's streaming quality are likely "fixable" by the time Netflix hosts an NFL-sized audience, suggesting Netflix underestimated the popularity of the Tyson-Paul fight.

Netflix shares gained 2.9% to close Tuesday's session at $871.32.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Bitcoin Hits Another Record High Above $94K

The 澳洲幸运5官方开奖结果体彩网:price of Bitcoin hit a record high on Tuesday afternoon, continuing its dramatic ascent in the two weeܫks since Donald Trump’s victory in the presidentia♔l election.

The cryptocurrency moved as high as $94,000 in mid-afternoon trading, before retreating to around $92,000 recently. Bitcoin hit a previous record of over 澳洲幸运5官方开奖结果体彩网:$93,000 last week a☂nd has teetered around the $90,000 level in re♓cent days. 

The historically volatile asset has exploded since Trump’s election, jumping nearly 35% from about $70,000 at 9 p.m. ET on the night of the election. Investors are optimistic that the president-elect's support of cryptocurrencies, as well as backing from a crypto-friendly Congress, will lead to policies that benefit the asset class.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Nvidia Surges Ahead of Earnings Report Due Wednesday

Nvidia (NVDA) shares climbed Tuesday, a day ahead of the company’s highly anticipated 澳洲幸运5官方开奖结果体彩网:third-quarter earnings release, as analysts grow morꦬe bullish on the chipmaker's prospects.

Projections for Nvidia's results have ticked higher in the days ahead of the report, with analysts now expecting third-quarter revenue to grow 84% year-over-year to $33.29 billion, driven by record sales from Nvidia's data center segment, according to estimates compiled by Visible Alpha.

In a note to clients Monday, Stifel analysts issued a “buy” rating for the stock and raised their price target to $180 from $165, implying about 23% upside from the stock's current level.

The analysts said they expect the chipmaker's total addressable market could reach “more than $100 billion exiting 2025 and a longer-term opportunity funnel that could approach $1 trillion.”

“We expect the majority of near-to-medium term 🎐opportunities will come from high-performance computing, hyperscale and cloud data center, and enterprise and edge computing,” the analysts said, noting “demand for AI compute continues to outstrip supply.”

Nvidia shares were up 4.6% at $146.💃57 in late-afternoon trading Tuesday, approaching a record high. The stock has nearly tripled in value since the start of the year

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Goldman, Morgan Stanley See S&P 500 at 6500 Next Year

The 澳洲幸运5官方开奖结果体彩网:S&P 500 index could hit 6500 by the end of next year, according to 澳洲幸运5官方开奖结果体彩网:Goldman Sachs (GS) and Morgan Stanley (MS), boosted byಌ the U.S. economy's growth and higher co🥀rporate earnings.

That would represent a gain of about 10% from the index's current level around 5900.

Goldman Sachs chief equity strategist David Kostin wrote that the Wall Street firm's forecast reflects a "12% total return with dividends" by the end of next year, "predicated on continued U.S. economic expansion, earnings growth of 11% in 2025." The index has been 澳洲幸运5官方开奖结果体彩网:on a tear this year

The 澳洲幸运5官方开奖结果体彩网:Magnificent Seven stocks will continue to gain, Goldman said, but their margin of outperformance versus the other 493 stocks in the index will be smaller. Goldman also recommended buying M&A candidates under a Donald Trump administration expected to ease regulation, as well as companies that gain from "Phase 3" of the AI evolution, like Apple (AAPL) and Snowflake (SNOW). 

In its note Monday, Morgan Stanley said it had raised its base case 12🐠-month price target for the index to 6,500, due to forecasts of higher earnings a🃏s interest rates fall and the post-election corporate euphoria. 

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Big Retailers Lifted Their Outlooks Today

Some big r𝔉etailers are feeling better about the end of the year. 

Both of the big retail companies to report third-quarter results Tuesday morning—Walmart (WMT) and Lowe’s Cos. (LOW)—lifted their full-year outlooks ahead of the busy holiday selling season. Results due later this week 澳洲幸运5官方开奖结果体彩网:from other retailers, including Target (TGT), TJX Cos. (TJX) and Ross Stores (ROST), will round out today’s reports. 

Walmart 澳洲幸运5官方开奖结果体彩网:now expects full-year revenue to rise 4.8% to 5.1% from last year’s levels, marking a third upgrade to its outlook ꦛsince February. (The implied sales number is a bit below the Visible Alpha consensus, though the midpoint of its new range for adjusted earnings per share indicates optimism about net-profit growth.)

The company said its sales outlook “assumes a generally stable consumer and continued pressure from its mix of products and formats globally.” The news lဣifted Walmart’s shares, which earlier touched record levels. 

Home-improvement retailer Lowe’s also lifted its outlook for full-year sales, saying same-store sales were now seen falling less than previously anticipated. Its shares were recently lower, weighed down in part by concern about the health of 澳洲幸运5官方开奖结果体彩网:the housing market and 澳洲幸运5官方开奖结果体彩网:big-ticket sales. 

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

Incyte Leads S&P 500 Decliners After Company Scraps Drug

Incyte (INCY) led S&P 500 decliners Tuesday afternoon after the pharmaceutical 🌜firm said it will stop developinꦑg one drug and pause enrollment in the study of another.

Enrollment in the ongoing 澳洲幸运5官方开奖结果体彩网:Phase 2 trial of MRGPRX2 (INCB000262) in chronic spontaneous urticaria (CSU), or chronic hives, was paused "following the observation of certain in vivo preclinical toxicology finding🌄s." In vivo toxicology is the study of the effect of the toxicity of a drug on a live organism, usually an animal.

It also said data from the Phase 2 study of MRGPRX4 (INCB000547) to treat cholestatic pruritus (CP), a liver disorder that causes intense itching, "does not support further development."

Incyte said it had shared the data with the 澳洲幸运5官方开奖结果体彩网:Food and Drug Administration (FDA) and will work with the agency to "det♏ermi🔯ne next steps."

The company's stock recently was down 14% in recent trading

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

MicroStrategy Hits New Record High After Bitcoin Purchase

MicroStrategy (MSTR) shares surged to fresh record highs Tue൩sday after soaring yesterday following news the software a🗹nalytics company had purchased an additional $4.6 billion of bitcoin,

The company bought 51,780 bitcoins for approximately $4.6 billion in cash, at an average price of approximately $88,627 per bitcoin, taking its total stash in the pioneer cryptocurrency to 331,200 BTC, according to a U.S. 澳洲幸运ꦬ5官方开奖结果体彩网:Securities ꦿand Exchange Commission (SEC) filing.

MicroStrategy, whose BTC holdings tally roughly $30 billion at current prices, started acquiring Bitcoin in August 2020 to hedge against 澳洲幸运5官方开奖结果体彩网:inflation and diversify its corporate treasಞury. MicroStrategy shares have surged nearly sixfold since the start of thওe year through Monday’s close, significantly outpacing Bitcoin’s year-to-date return of around 115%.

The stock was up 6% at $409 in recent trading,

Gains in the stock have accelerated since breaking out a🐠bove a rectangle formation, with share turnover registering its highest level last week since going public in 1998.

A bars pattern, which takes the stock’s trend higher from October 2023 to March this year and repositions it from the rectangle formation's lower trendline, projects an upside bullish target of around $525.

Investors should watch important support levels on MicroStrategy's chart near $180 and $115.

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

What Analysts Think of Target Before Earnings

Target (TGT) is set to report third-quarter results before the opening bell Wednesday, with ana꧙lysts expecting narrow increases in revenue and profit as investors look for further insight on consumer spending ahead of the ho𒆙liday season.

Analysts are bullish on Target stock, with 10 澳洲幸运5官方开奖结果体彩网:"buy" ratings and six "hold" ratings among the 16 analysts tracked by Visible Alpha. Those analysts have an average 澳洲幸运5官方开奖结果体彩网:price target of $179.94.

For the third quarter, analysts expect Target to report a revenue bump of nearly 2% to $25.89 billion, according to estimates compiled by Visible Alpha. Profit is seen rising to $1.05 billion, or $2.28 澳洲幸运5官方开奖结果体彩网:per share, up from $971 million and $2.10 per share.

Target shares were down slig𒈔htly at around $156 this morning. Since the start of the year, the stock ൲has gained 10%, less than half the increase posted by the S&P 500 over the period.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Supermicro Levels to Watch After Plan to Avoid Delisting

Super Micro Computer (SMCI) shares soared in early trading Tuesday after the beleaguered server maker said that it has appointed a new auditor and submitted a 澳洲幸运5官方开奖结果体彩网:compliance plan with Nasdaq to meet its listing requirements.

The stock was up 30% at around $28 about 30 minutes after the opening bell and was the top gainer on both th🌊e S&P 500 and Nasdaq Composite.

After topping out in early March, Supermicro shares traded within a descending 澳洲幸运5官方开奖结果体彩网:broadening formation before breaking down below the pattern towards the end of last month. Declines accelerated into early November before the stock found buying int🍌erest late last week just below the closely watched 200-week moving average (MA).

While the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) signals bearish price momentum with a reading hovering just above 30, the indicator has moved out of oversold territory this week and siℱts poised to continue rising after Tuesday’s jump.

Investors should monitor key overhead levels on Super Micro's chart around $30, $39, and $64, while watching an important support area near $23.

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

Walmart Surges in Premarket Trading on Strong Earnings

Walmart (WMT) reported better 澳洲幸运5官方开奖结果体彩网:third-quarter fiscal 2025 results than analysts expected, sending its sไtock higher Tuesday mo💙rning.

The retail giant reported $169.59 billion in revenue, up from $160.80 billion a year ago and above the $167.72 billion 澳洲幸运5官方开奖结果体彩网:analysts expected, according to Visible Alpha. Walmart's 澳洲幸运5官方开奖结果体彩网:net income came in at $4.58 billion, or $0.57 per share, better than expectations of $4.25 billion and $0.53 per share, respectivelꦑy.

Walmart has been gaining market share among customers across a variety of income levels in recent quarters, and executives have said the retailer's 澳洲幸运5官方开奖结🏅果体彩网:combination of price and conven꧙ience has m𒈔ade it a destination for inflation-weary American consumers.

The retailer also lifted its fiscal 2025 projections, expecting sales to grow between 4.8% and 5.1% year-over-year, up from a previous range of 3.75% to 4.75%. It also raised its adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) outlook to a range of $2.42 to $2.47 from $2.35 t🐻o $2.43 previously.

Walmart and 澳洲幸运5官方开奖结果体彩网:home improvement giant Lowe's (LOW) kicked off a busy 澳洲幸运5官方开奖结果体彩网:period of retail earnings, with a number of competitors including Target (TGT), TJX Companies (TJX), and BJ's Wholesale Club (BJ) reporting earnings this week. The reports from some of the nation's biggest retailers will provide a view into the health of the U.S. consumer 澳洲幸运5官方开奖结果体彩网:ahead๊ of the holiday s👍hopping season.

Walmart shares were up 3% in recent premarket trading and were on track to open Tuesday's session at an all-time high.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Major Index Stock Futures Lower

Futures tied to the Dow🍸 Jones Industrial Average were down 0.5%.

S&P 500 futures were off 0.3%.

Nasdaq 100 futures were down 0.2%.