Biggest S&P 500 Movers on Thursday

Advancers

• Super Micro Computer (SMCI) shares jumped 15%, logging the top daily performance in the S&P 500 for the third time this week. Thursday's gains came after Nvidia 澳洲幸运5开奖号码历史查询:mentioned its partnership with the server maker during its earnings call last night. Earlier this week, Supermicro filed a compliance plan related to the release of its delayed annual report, which should help it steer clear of a possible delisting by the Nasdaq. Nvidia's shares rose 0.5%.
• Shares of Amentum (AMTM) jumped 10.5%, clawing back a portion of the stock's recent losses as the efficiency priorities of the incoming presidential administration create an uncertain outlook for government contractors. Amentum has seen some positive developments this week, securing a $389 million contract to provide logistical support for the U.S. Army and partnering with the government of the Netherlands to evaluate potential nuclear power projects in the country.

• Deere (DE), manufacturer of tractors and other heavy-duty farming equipment, reported better-than-expected profit for its fiscal fourth quarter, and its shares plowed 8.1% higher. More moderate raw material prices and freight expenses contributed to lower production costs, helping Deere overcome a slump in demand for farm equipment. Deere's full-year profit guidance came in below expectations, as the firm expects persistent pressure on farm incomes to continue dragging down spending on major agricultural equipment.
• Vistra (VST) shares surged 7.8% Thursday, adding to gains posted Wednesday after the electricity generator announced a private offering of $1.25 billion in senior secured notes. The opportunity for the Texas-based utility to provide power for energy-intensive data centers has helped catapult Vistra stock to the best performance in the S&P 500 for 2024, with gains of above 330%.

Decliners

• Shares of Google parent Alphabet (GOOGL) fell 4.7%, the most of any S&P 500 stock, after the Justice Department said the tech giant 澳洲幸运5开奖号码历史查询:should be forced to divest its Chrome browser, arguing the company has a monopoly in the search business. The DOJ also recommended that Google make changes to ensure its control of the Android mobile operating system does not disadvantage others. The company said it will submit its own proposals in December.
• A newsletter focused on short-selling opportunities released a report on Thursday alleging that aerospace component supplier TransDigm Group (TDG) has engaged in price gouging and taken advantage of government inefficiencies to boost its profits. Pointing to past accusations of exorbitant and accounting irregularities, the report suggested TransDigm could face scrutiny under emerging government efficiency efforts. TransDigm shares lost 4.1%.
• GE Healthcare Technologies (GEHC), the medical technology firm that completed its spinoff from General Electric early last year, hosted its 2024 investor day. The company boosted its quarterly dividend and reconfirmed its organic revenue growth targets, highlighting its innovation pipeline, but shares slipped 3.4%. GE Healthcare faces a challenging environment in China and has indicated that it expects recovery in the country to remain muted in the first half of 2025.

-澳洲幸运5开奖号码历史查询:Michael Bromberg

Supermicro, Dell and Other Nvidia Partners Pop

Shares of Super Micro Computer (SMCI), Dell (DELL), and other Nvidia (NVDA) partners surged Thursday on expectations they could stand to benefit after the chipmaker reported fiscal 澳洲幸运5开奖号码历史查询:third-quarter results that blew past a🌠nalysts’ expectations.&nbs𓂃p;

Supermicro, which makes servers that utilize Nvidia chips, saw its shares pop 15% Thursday. Fellow 澳洲幸运5开奖号码历史查询:original equipm๊en𒅌t manufacturer (OEM) partners Dell and Hewlett Packard Enterprise (HPE) gained close to 4% and 3%, respectively. Shares of Micron (MU), which 澳洲幸运5开奖号码历史查询:provides Nvidia wiཧth memory solutꦆions for its AI chips, added ൩more than 4%. 

After Nvidia’s results, Citi analysts issued a “buy” rating and $160 price target for Dell, which implies about 15% upside on top of the company’s closing price Thursday. The analysts said they expect Dell could benefit from an expanding market for 澳洲幸运5开奖号码历史查询:artificial intelligence, particularly after Nvidia management highlighted “strong traction of Al in enterprise environment🐼s” in the company's earnings call. 🦹;

Nvidia also mentioned Dell and Supermicro on its earnings call. Getting a shoutout could matter particularly for Supermicro, as the server maker has been 澳洲幸运5开奖号码历史查询:dogged this year by delayed financial filings and concerns about its accoun🍸ting practices. 

In another sign of Nvidia's growing influence, mentions of the chipmaker have surged in other companies' earnings calls and other corporate events in the past few years, according to transcript data compiled by AlphaSense.

AlphaSense found Nvidia came up in a whopping 2,204 earnings calls, corporate presentations, and events since 2019, with 251 mentions in the calendar third quarter, up from 161 in the same period in 2023, and 60 a year e♏arlier. The data covered about 9,000 companies globally and did not inclꦜude any events or calls held by Nvidia itself. 

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Major Indexes on Pace for Weekly Gains

The Dow, S&P 500 and Nasdaq Composite are on track to post weekly gains as major indexes are back near record highs. Stocks had slumped last week aft🌺er a big post-election rally that had sparked a series of all-time highs.

Through Thursday's close, the Nasdaq is up 1.6% for the week, while the S&P 500 and Dow are up 1.3% and 1%, respectively.

The Dow and S&P 500 have lost ground in three of the last four weeks, while the Nasdaq has done so in two of the last four weeks.

PDD Slides as Results Fall Short of Estimates

U.S.-traded shares in PDD Holdings (PDD) plunged in intraday trading Thursday after the parent of the Temu discount marketplace posted quarterly results that fell massively short of analysts’ estimates as competition continued to eat iꦡnto its operations.

Revenue for the three months to Sept. 30 rose 44.3% to 99.35 billion yuan ($13.7 billion) below the Visible Alpha consensus of 101.6 billion yuan. Third-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of 4.23 yuan also lagged estima💞tes of 4.46 yuan.

Temu’s low-cost platform has grown rapidly to challenge 澳洲幸运5开奖号码历史查询:e-commerce giant Amazon (AMZN), and Chinese rivals Alibaba (BABA) and JD.com (JD). But its costly expansion internationally has weighed on its 澳洲幸运5开奖号码历史查询:profitability, while rivals are fighting back: Amazon last week laun🤪ched a new section on its app to focus on items costing $20 or less to take on the Chinese platform as well as others l♋ike Shein.

The company had 澳洲幸运5开奖号码历史查询:warned in August, when the company posted below-estimate sales, that revenue growth will be under pressure♉ in the future as competition intensifies.

PDD's U.S. traded shares were down 10% Thursday afternoon and are down nearly 30% this year.

-澳洲幸运5开奖号码历史查询:Nisha Gopalan

Nvidia Hit an All-Time High Today Before Turning Lower

Nvidia (NVDA) shares have been on a rollercoaster ride today after the AI chipmaker released quarterly results that handily 澳洲幸运5开奖号码历史查询:topped analysts' expectations on just about every count.

The stock rose nearly 5% in the opening minutes of Thursday's session to a record high of $152.89, before falling as much as 3.5% an hour later. The stock was down about 1% in recent trading.

Investors have come to expect results that exceed expectations, and Nvidia has delivered for the past several quarters. But even as the company's revenue nearly doubled in the latest quarter versus a year ago, it does represent slower growth than in prior quarters, disappointing the loftiest Wall Street expectations.

BJ's Wholesale Stock Hits Record High on Strong Earnings

BJ's Wholesale Club (BJ) shares soared Thursday after the warehouse retailer reported better third-quartꦯer earnings than expected despite ▨sales falling just short of estimates.

The retailer reported $5.1 billion in revenue for the quarter, up about 3% year-over-year. 澳洲幸运5开奖号码历史查询:Net income ros🎃e by nearly 20% from last year to $155.75 million.

澳洲幸运5开奖号码历史查询:Comparable store sales rose by 1.5% in the quarter, just under the increase analysts had expected, as BJ's said it believes the threat of the 澳洲幸运5开奖号码历史查询:port strike that started over the summer and was 澳洲幸运5开奖号码历史查询:suspended in October increased sales ♌as shoppers prepared for potent♔ial supply disruptions.

BJ's also announced that as of January 1, 澳洲幸运5开奖号码历史查询:its membership fees will increase t✨o $60 and $120, up from $55 and $110 previously for the Club and Club+ memberships, respectively. The more expensive tier gives BJ's members access to a wider ran⛦ge of discounts and rewards.

The company's board also approved a new $1 billion stock buyback program. The previous program is set to expire in January, and the new program will run through January 2029.

BJ's stock was up nearly 10% in recent trading, at an all-time high.

-澳洲幸运5开奖号码历史查询:Aaron McDade

Deere Shares Jump After Results Top Estimates

Shares of Deere & Company (DE) jumpꦉed Thursday after the maker of far💜m equipment reported fiscal 2024 fourth-quarter results that topped estimates, even as the company warned of "ongoing headwinds."

Deere posted revenue of $11.14 billion, down 28% year-over-year, and 澳洲幸运5开奖号码历史查询:net income that plunged 47% to $1.25 billion. Still, the results beat consensus forecasts of analysts polled bꦕy Visible Alpha, who were looking for $10.68 billion and $1.05 billion, respectively.

CEO John May said the company is navigating "ongoing headwinds across our markets."

The company expects fiscal 2025 net income of $5.0 billion to $5.5 bill♊ion, down from the $7.1 billion it generated in fiscal 2024. Analysts are forecasting $5.89 billion, per Visible Alpha.

Deere shares were up 8% i𒆙n recent trading, pushing the stock into po🍨sitive territory for the year.

-澳洲幸运5开奖号码历史查询:Nisha Gopalan

Nvidia Price Levels to Watch After Earnings

Nvidia (NVDA) shares were lower in recent trading after hitting an all-time high earlier in the 💛session following a qu🐭arterly earnings report that handily beat analysts' expectations.

The stock was down nearly 2% at around $143 after hitting a high of just below $153. Investors have come to expect that earnings from the AI favorite will blow past estimates,𒀰 and the latest quarterly report may have fallen short of the loftiest projections on Wall Street.

Nvidia shares traded within a four-month 澳洲幸运5开奖号码历史查询:ascending triangle before breaking out above the chart pattern last month. Since then, the stock’s price has continued to track higher, with the 50-period moving average providing support.

It’s worth noting that 澳洲幸运5开奖号码历史查询:trading volumes have remained light following the breakout, suggesting that larger marke🃏t players may have remained on the sidelines ahead of the chipmaker’s quarterly report.

Investors should watch important support levels on Nvidia chart around $136, $115, and $97, ﷽while monitoring a measured move pric🎃e target at $186.

Read the full 澳洲幸运5开奖号码历史查询:technical analysis piece here.

-澳洲幸运5开奖号码历史查询:Timothy Smith

Alphabet Drops as DOJ Says Google Should Divest Chrome

The U.S. Department of Justice (DOJ) said Alphabet's Google (GOOGL) should sell off its Chrome browser, following an 澳洲幸运5开奖号码历史查询:August court ruling that the tech giant holds an illegal monopoly 𓃲in the search market.

The DOJ's amended filing with federal judge Amit Mehta, who made the August ruling, comes a month after it 澳洲幸运5开奖号码历史查询:submitted a framework for restructuring Google, including breaking up the 🍸tech 🃏giant.

Losing Chrome, which controls two-thirds of the search market, would be damaging to Google. The tech giant requires the browser to gauge activity from users and use that data to target ads—its 澳洲幸运5开奖号码历史查询:biggest revenue source.

Alphabet shares were d🎉own 5% in recent trading and were the biggest decliner in the S&P 500.

Read the 澳洲幸运5开奖号码历史查询:full story here.

-澳洲幸运5开奖号码历史查询:Nisha Gopalan

Snowflake Levels to Watch as Stock Pops After Strong Earnings

Snowflake (SNOW) shares soared in premarket trading Thursday after the data analytics software maker reported 澳洲幸运5开奖号码历史查询:better-than-expected earnings and boosted its revenue outlook.

Between September and October, Snowflake shares carved out a 澳洲幸运5开奖号码历史查询:double bottom, a classic chart pattern that indicates a bullish reversal. More recently, bulls successfully defended a retest of the pattern’s neckline ahead o♎f earnings, setting the stageও for further gains.

Investors should watch key overhead price levels on Snowflake's chart around $145, $165, $182, and $200, while monitoring an important support area near $125.

After closing at around $129 yesterday, the stock was up 25% at $161 about an hour before Thursday's opening bell.

Read the full 澳洲幸运5开奖号码历史查询:technical analysis piece here.

-澳洲幸运5开奖号码历史查询:Timothy Smith

Major Index Stock Futures Move Higher

Futures tied to the Dow Jones🃏 Industrial Average were up 0.4%.

S&P 500 futures were also up 0.4%.

Nasdaq 100 futures were up 0.2%.