Biggest S&P 500 Movers on Wednesday

Advancers

• Wednesday's top performance in the S&P 500 came from shares of electronic test and measurement provider Keysight Technologies (KEYS), which surged 8.8% to a 52-week high. Keysight posted better-than-expected earnings per share (EPS) and revenue for its fiscal fourth quarter, boosted by its investments in artificial intelligence (AI) technology. Projections for the current quarter also topped forecasts.
• Humana (HUM) shares jumped 5.8% after Wells Fargo lifted its price target on the stock. Analysts said their stronger expectations for the insurer hinged on updates to Managed Care estimates, indicating they see an improved risk/reward profile for Humana's Medicare Advantage business with the federal government under Republican control.
  
• Shares of real estate analytics and marketing firm CoStar Group (CSGP) added 5.8% after Needham reiterated its "buy" rating on the stock. Analysts cited a number of positive factors for CoStar, suggesting the operator of online property marketplaces is positioned to benefit from strategic sales moves and a potential improvement in the commercial real estate market. In addition, a likely decline in interest rates during 2025 could help drive increased bookings.

Decliners

• Target (TGT) shares plummeted 21.4%, falling the most of any stock in the S&P 500 after the retail giant reported 澳洲🐟幸♏运5官方开奖结果体彩网:lower-than-expected sales and profits for the third quarter. Although digital sales ticked higher from a year ago, comparable store sales declined, and Target highlighted that inflation-wary consumers are 澳洲幸运5官方开奖结果体彩网:taking a cautious approach to shopping and spending. Target's miss came a day after rival Walmart (WMT) 澳洲幸运5官方开奖结果体彩网:topped quarterly expectations, helping lift Walmart shares to a record high.

• Super Micro Computer (SMCI) shares fell 8.7%, giving back some of the gains posted in 澳洲幸运5官方开奖结果体彩网:the previous session. The server maker's stock has carved a volatile path in recent weeks as Supermicro addresses concerns about its accounting practices that led to the postponement of its annual report. Earlier this week, the company submitted a plan to avoid the delisting of its stock from the Nasdaq and announced that accounting firm BDO USA would serve as its new auditor.
• Semiconductor maker Qualcomm (QCOM) held its first investor day in three years, outlining growth projections for its business outside of smartphones, with a focus on the automotive and Internet of Things (IoT) segments. However, Qualcomm shares dropped 6.3% as analysts questioned the expected growth trajectory of the company's markets and its ability to capture market share. Qualcomm derives the majority of its revenue from smartphone chips and faces pressure to diversify as Apple (AAPL) moves away from Qualcomm components.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Nvidia Stock Lower in Extended Trading Despite Earnings Beat

Nvidia (NVDA) reported results after the closing bell that b𓃲eat analysts’ estimates on the top and bottom lines, though shares fell slightly in extended trading Wednesday as investors may have had 🌃higher expectations.

The 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) chipmaker saw fiscal 2025 third-quarter revenue nearly double year-over-year to a record $35.08 billion, above the analyst consensus from Visible Alpha. Net income at $19.31 billion more than d✃oubled from the year-ago period, also topping projectioﷺns.

Nvidia's revenue gains came as data center revenue, a key figure for Nvidia’s AI ambitions, more than doubled to a record $30.8 billion. 

The company forecast revenue of $37.5 billion for its fiscal fourth quarter, above the analyst consensus of $36.9 billion. 

“The age of AI is in full steam, propelling a global shift to NVIDIA computing,” CEO Jensen Huang said in a release, adding🍸 “demand for Hopper and anticipation for Blackwell—in full production—are incredibleꦚ."

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Nvidia Live Earnings Coverage

Nvidia (NVDA) has blown away market expectations in recent quarters, and investors will be looking for more of the same Wedne♊sday when results are released after the c𓂃losing bell.

澳洲幸运5官方开奖结果体彩网:Stay tuned here for the details from the earnings report, the conference call with executives and the market r♛eaction to wha♕t is widely regarded as the most important earnings release of the quarter.

Comcast Plans to Spin Off NBCUniversal Cable Channels

Comcast (CMCSA) said Wednesday that it is 澳洲幸运5官方开奖结果体彩网:planning to spin off its NBCUniversal cable TV networks, including channels like MSNBC, CNBC, and E!, carving ou🥀t a business that has been hurt by cord cutting and the rise of streaming.

The cable assets together generated about $7 billion in revenue in the 12 months ended Sept. 30, Comcast said, adding that the new company—given a temporary name of "SpinCo"—"will reach approximately 70 million U.S. households." The transaction, 澳洲幸运5官方开奖结果体彩网:reported earlier by The Wall Street Journal, is expected to be completed in around a year.

The spinoff will position its remaining assets better for growth, the entertainment giant said. Those include "NBC entertainment, sports, news and Bravo—which all power Peacock—along with Telemundo, the theme parks business, and film and television studios."

Comcast had acquired a 51% stake in NBCUniversal in 2011, before buying 💟the rest of NBCUniversal for $16.7 billion in 2013.

Comcast shares were up about 1% in late trading Wednesday, narrowing the stock's year-to-date loss to about 3%.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Williams-Sonoma Jumps to Record on Earnings, Outlook Boost

Shares of Williams-Sonoma Inc. (WSM) surged to a record high We🍰dnesday after the retailer posted better-than-expected quarterly results and raised its full-year sale🥃s guidance despite what it called a “difficult environment.”

The company behind retail brands including its namesake stores, Pottery Barn and West Elm, reported an adjusted earnings per share of $1.96, better than the $1.77 analysts polled by Visible Alpha had expected. Total revenue of $1.8 billion was also above estimates of $1.78 billion.

Williams-Sonoma also updated its fiscal 2024 outloo🅰k, saying it expects annual net revenue to decline in the range of 3% and 1.5%, with comparable sales expected to fall between 4.5% and 3%. That’s an improvement from its projections made during the second quarter, when it said it e🎐xpected full-year revenue to decline in the 4%-to-1.5% range and comparable sales to drop between 5.5% and 3%.

Like other high-end retailers, William♌s-Sonoma has been struggling with cons💯umers watching their spending and putting off big-ticket purchases.

Willia✨ms-Sonoma shares were up 28% at $17🤡5.50 in mid-afternoon trading, after rising as much as 32% earlier in the day.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

What Analysts Think of Nvidia Before Earnings

Nvidia (NVDA) is set to deliver its 澳洲幸运5官方开奖结果体彩网:highly anticipated earnings aꦚfter the closing bell Wednesday, with analysts overwhelmingly bullish on the chipmaker's stock. 

Of the 23 analysts covering Nvidia tracked by Visible Alpha, 22 have a "buy" rating for the stock, with one "hold" rating. Their consensus price target of $170 represents upside of about 17% compared to the current price.

Several firms raised their price targets in the days ahead of the report, with Stifel analysts 澳洲幸运5官方开奖结果体彩网:bumping their price target earlier this week to $180 from $165. Last week, Mizuho 澳洲幸运5官方开奖结果体彩网:lifted its price target to $165 from $140. 

Projections for Nvidia's results have also ticked higher, 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.

The stock, which has nearly tripled since the start of the ⛎year, was down 1.4% at $145 in recent trading.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Walmart Levels to Watch After Post-Earnings Pop to Record

Walmart (WMT) shares were slightly higher Wednesday morning after hitting a new record high yesterday following a 澳洲幸运5官方开奖结果体彩网:strong earnings report from the retail giant.

Walmart shares inched up to around $87 in recent trading, after hitting an all-time high of $88.29 on Tuesday. The stock has gained 65% since the start of the year, handily outpacing the 澳洲幸运5官方开奖结果体彩网:S&P 500’s 23% return over the same period.

The stock formed a shooting star on Tuesday, a reversal candlestick pattern that appears after an extended uptrend. The pattern ꦯformed on the highest daily volume since late September, possibly indicating buying exhaustion.

Investors should watch major support levels on Walmart's chart around $81, $71, and $61.

A ♊bars pattern projects a price target in the stock of around $89 and in🦩dicates the shares may be about to enter a consolidation phase.

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

MicroStrategy Continues Soaring As Bitcoin Hits Records

Software analytics company MicroSrategy (MSTR) continues to be 澳洲幸运5官方开奖结果体彩网:one of the biggest beneficiaries of bitcoin's recent rally to record highs.

MicroStrategy, one of the world's biggest holders of the cryptocurrency, was up 15% in recent trading to a new all-time high of its own, just below $500. The stock has more than doubled since the start of this month and is up nearly 700% in 2024.

Target Stock Plunges After Weak Earnings Report

Target (TGT) shares tumbled Wednesday morning after the retailer reported weaker-than-expected quarte🧔rly results and lowered its outlook.

The retailer reported $25.67 billion in revenue, up from $25.40 billion a year ago but below the $25.89 billion 澳洲幸运5官方开奖结果体彩网:analysts expected, according to estimates compiled by Visible Alpha. Net income fell to $854 million, or $1.85 澳洲幸运5官方开奖结果体彩网:per share, down from $971 million and $2.10 per share a year ago. Analysts had♐ expected $1.05 billion and $2.28 per share.

Target 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Brian Cornell said the company saw🌱 a "volatile ope༒rating environment" in the quarter along with "some unique challenges and cost pressures that impacted our bottom-line performance."

The retailer also lowered its expected full-year EPS outlook to a range of $8.3𒊎0 to $8.90, down from $9.00 to $9.70 last quarter. Its fourth-quarter EP🐠S estimate of $1.85 to $2.45 is below the $2.66 consensus estimate.

Target shares were down 20% about half an hour after the opening bell, trading at a 5🧸2-week low.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Bitcoin Hits Another Record High

Bitcoin (BTCUSD) rose to a record high of $94,500 Wednesday morning, extending a post-election rally amid optimism that the Trump administration will implement policies that benefit 🃏the cryptocurrency market.

Bitcoin has 💮recently registered its highest trading volumes since mid-March, signaling b🙈uying activity from larger market participants, such as institutional investors.

A measured move, wꦚhich calculates the percentage change of Bitcoin’s trend higher from October 2023 to March this year and adds it to the lower trendline value of the cryptocurrency’s recent eight-month trading range, forecasts a price target of $154,000.

Investors should watch key support levels on Bitcoin's chart around $70,000 and $55,000.

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

Major Stock Index Futures Slightly Higher

Fut▨ures tied t🐼o the Dow Jones Industrial Average were up 0.2%.

S&P 500 futures were also up 0.2%.

Nasdaq 100 futures were up 0.2%.