Biggest S&P 500 Movers on Monday

Decliners

• Super Micro Computer (SMCI) shares dropped 4.1%, falling the most of any S&P 500 constituent. The server maker's stock has been highly volatile this year, with expectations for strong artificial intelligence (AI) opportunities offset by accounting-related issues that resulted in the delay of the firm's annual report. Although Supermicro received an extension for the filing from the Nasdaq exchange, alleviating the immediate threat of the stock being delisted, concerns persist about its ability to remain in compliance with the exchange's rules.
• ON Semiconductor (ON) stock declined 3.9%. Unlike many peers in the semiconductor industry that have posted outsized AI-driven gains in 2024, Onsemi shares have dropped around 24% for the year. Weakness in the integrated circuit maker's end markets, particularly in North America and Europe, have dragged on the stock's performance. However, the company could be positioned for growth from utility-scale solar, battery electric vehicles in China, and intelligent sensors used in AI data centers.

• Shares of Tractor Supply Co. (TSCO) lost 3.6% as the rural lifestyle retailer completed its acquisition of online pet pharmacy Allivet. Initially announced in October, the deal reportedly expands Tractor Supply's total addressable market by $15 billion, adding a roster of services designed to make pet ownership easier by distributing brand-name veterinary medications with automatic deliveries and providing expert pharmaceutical advice. Monday's downturn reversed the gains posted by Tractor Supply shares surrounding company's 5-for-1 stock split, which became effective on Dec. 20.
• Shares of frozen potato and french fry provider Lamb Weston Holdings (LW) sank 3%. Monday's drop reversed gains posted by the stock at the end of last week following reports that activist investor Jana Partners was working with another former company executive as it pushes for changes to Lamb Weston's board and operations.

Advancers

• Natural gas futures prices skyrocketed more than 15% as forecasts of below-average January temperatures in various regions of the U.S. and Europe lifted demand expectations for the key heating fuel. Shares of natural gas exploration and pipeline operator EQT Corp (EQT) jumped 5.1%, securing the top performance in the S&P 500.
• Other companies with exposure to natural gas dominated the remaining list of the top performers in the benchmark index. Shares of Coterra Energy (CTRA) and Devon Energy (DVN) advanced 3.6% and 2.5%, respectively.

-澳洲幸运5开奖号码历史查询:Michael Bromberg

Nasdaq Hanging on to Gains for December

Heading in🎀to the final trading day of December, the Nasdaq Composite has gained 1.4% so far this month. Meanwhile, the Dow Jones Industrial Average and S&P 500 are down 5.2% and 2.1%, respectively, their biggest monthly losses since April.

Each of the major indexes hit record highs earlier this month, boosted by optimism about the expected pro-growth policies of the incoming Trump administration. But the market has stumbled in recent weeks after the Federal Reserve said that it would likely slow down the pace of interest rate cuts next year as inflation has been hotter than expected.

Despite the late-year slump, the major indexes remain on pace for sol𝓰id yearly gains, with the Nasdaq up 30% since the start of 2024. The S&P 500 and Dow are up 24% and 13%, respectively.

AI Made These Stocks the Market Darlings of 2024

If 𝐆anyone needed proof that artificial intelligence was more than a passing fad on Wall Street, t﷽hey got it in 2024. 

For a second consecutive year, AI was the phrase on everybody’s lips. The number oౠf companies mentioning “AI” on earnings calls continued to rise after skyrocketing last year.

And investors continued to drive up the shares of companies that are already benefiting from AI or are expected to soon: Of the five best-performing stocks in the 澳洲幸运5开奖号码历史查询:Russell 1000, three could attribute their meteoric rise this year to artificial intelligenc🍎e. 

Software company Applovin (APP) said advertising revenue grew 66% in the most recent quarter, driven by improvements to its artificial intelligence model “through ongoing self-lear🍌ning and directed model enhancements.” In the same quarter, Applovin more than tripled its profit. Shares jumped nearly 50% the day after those results were reported, contributing to the stock’s more than 740% rise this year through Frida𒅌y's close.

Palantir Technologies (PLTR) stock also took off this year a☂s it flexed its AI muscle. On Palantir’s most recent earnings call, executives highlighted how customers were using its AI platform to save time and improve results. The company’s sales rose 30% in the quarter, with double-digit growth in both its commercial and government🍰 businesses. Palantir shares have gained some 360% in 2024.

Vistra (VST) was the second-best performing stock in the S&P 500 in 2024 as investors learned that its generally sleepy, slow-grow🐽ing sector—utlities—could have its businesses turbocharged by AI. Vistra shares have soared about 260% this year as the electricity demands of AI became clearer and analysts identified the power generator as a possible beneficiary. 

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

-澳洲幸运5开奖号码历史查询:Colin Laidley

MicroStrategy Buys More Bitcoin, Stock Falls

MicroStrategy (MSTR) bought more bitcoin (BTCUSD) in the past week, making it eight weeks in a row that the com♎pany has acquired more of the digital currency.

The software company-turned-bitcoin buyer said in a filing with the 澳洲幸运5开奖号码历史查询:Sec🌠urities and Exchange Commission✅ (SEC) Monday that it had spent around $209 million in cash to buy 2,138 bitcoin between Dec. 2🌺3 and Dec. 29 at an aver𒁏age price of $97,837. The company now holds 446,400 bitcoin.

Shares of MicroStrategy, which 澳洲幸运5开奖号码历史查询:joined the Nasdaq 100 last week, were down more than 6% in recent trading as the price of bitcoin fell. The cryptocurrency was trading at around $92,500 recently, down from highs last week of around $99,000 and an all-time high of $108,000 set two weeks a🌃go.

The bitcoin purchases over the past week were funded through 澳洲幸运5开奖号码历史查询:at-the-market (ATM) share sales as part of MicroStrategy’s previously-announced "21/21" strategy. The 21/21 plan is the co🧜mpany's strategy of r🉐aising $42 billion of capital by selling new shares and fixed-income securities to buy more bitcoin.

-澳洲幸运5开奖号码历史查询:Kyle Torpey

Apple Levels to Watch as $4T Market Cap in Sight

Apple (AAPL) shares moved lower Monday morning, tracking a broader decline for U.S. stocks, but the company remains in striking distance of becoming the first ever to reach a $4 trillion 澳洲幸运5开奖号码历史查询:market capitalization.

Apple shares, which hit an all-time high of around $260 last week, were down 1.2% at $252.50 in midday trading Monday. Since the start of the year, Apple shares have gained around 31%, handily outpacing the 澳洲幸运5开奖号码历史查询:S&P 500’s 24% increase over the same period.

Apple shares have trended higher since breaking out above a broad 澳洲幸运5开奖号码历史查询:ascending triangle formation earlier this month. However, a bearish 澳洲幸运5开奖号码历史查询:evening star pattern has formed on the iPhone🌼 maker’s chart over the past three trading sessions, indicating a potential reversal.

Moreover, as the stock climbed to a record high last week, the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) made a comparatively shallower high to create a bearish 澳洲幸运5开奖号码历史查询:divergence, a technical 🦋signal ꦇpointing to weakening price momentum.

Investors should watch key support levels on Apple's chart around $237 and $218, while also monitoring a chart-based bullish price target near $278.

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

Archer Aviation Down After Company Doubles Available Shares

Archer Aviation (ACHR) shares fell more than 10% Monday morning after the manufacturer of electric vertical takeoff and landing (eVTOL) aircraft backed by United Airlines (UAL) announced it was doubling the number of common stock available and change𒅌d requirements for board membership an♛d ownership.

In a regulatory filing, the company reported that in a special meeting of shareholders Dec. 20, investors voted in favor of amending the firm's certificate of incorporation "to increase the number of authorized shares of the Company's Class A common stock available for issuance from 700,000,000 to 1,400,000,000."

Shareholders also voted in favor of issuing Class A Common Stock to carmaker Stellantis (STLA) per an agreement made in August. 

Along with those decisions, shareholders approved "limits of the voting, ownership and control of the Company by persons who do not meet the definition of 'a citizen of the United States,'" as defined by federal law. In addition, Archer agreed to certain limitations on foreign ownership.

Despite today's losses, shares of Archer Aviation have added more than 60% of their value this year.

-澳洲幸运5开奖号码历史查询:Bill McColl

Boeing Shares Slide After Deadly South Korea Crash

Boeing (BA) shares fell sharply in ❀early trading Monday after a 737-800 operated by South Korea's Jeju Air crashed, killing 179 people, in the latest accident involving one of the U.S. company's pla♎nes. 

According to The Wall Street Journal, the aircraft rammed into a concrete barrier and burst into flames as it tried to land Sunday in South Korea's Muan County. All but two of the 181 people on the flight—which had departed from Bangkok, Thailand—were killed.

Boeing shares were down more than 4% in recent trading. Shares of Jeju Air, a budget carrier set up in 2005, closed nearly 9% lower at an all-time low in Seoul trading Mo🌞nday.

Boeing has been battling a 澳洲幸运5开奖号码历史查询:series of problems with the quality of its aircraft, most notably this year with the mid-air blowout of a door plug on an Alaska Airlines (ALK) flight in January. That led the Federal Aviation Administration (FAA) to ground 澳洲幸运5开奖号码历史查询:expansion plans for the U.S. aviation giant'ꦅs bes🔴t-selling 737 MAX.  

The safety problems, as well as a 澳洲幸运5开奖号码历史查询:strike at its West Coast plants that 澳洲幸运5开奖号码历史查询:lasted nearly two months and ended in November, led to 澳洲幸运5开奖号码历史查询:cost-cutting moves including 澳洲幸运5开奖号码历史查询:thousands of layoffs. Boeing subsequently raไised billions of dollars to shore up its finances and stem a ca🎉sh drain.

Boeing's shares have lost a third of their value this year.

-澳洲幸运5开奖号码历史查询:Nisha Gopalan

Tesla Levels to Watch as Investors Await Q4 Deliveries Report

Tesla (TSLA) shares are down in premarket trading after logging two consecu♈tive days of losses, as investors reassess the stock’s extended post-election rally and look ahead to the EV maker’s fourth-quarter delive🌠ries report.

Analysts predict the deliveries number, which is 澳洲幸运5开奖号码历史查询:expected to be released on Thursday, to come in around 510,000 units, which would represent 10% gro✤wth from the prior quarter and a 5% improvement from𒉰 a year earlier.

Since the presidential election, Tesla shares have surged more than 70% on expectations that CEO 澳洲幸运5开奖号码历史查询:Elon Musk’s ties with President-elect Donald Trump and growing influence in Washing🌃ton will benefit the automaker’s auton🅠omous driving ambitions.

Tesla shares were down 3% at around $419 in r𒁏ecent premarket trading, after falling nearly 7% over the previous two sessions.

The stock has consolidated within a pennant, a chart pattern that signals a continuation of the✱ current uptrend.

A measured move, which calculates the distance in points of the impulsive move higher that preceded the pennan♊t and adds that amount to the patternꦿ’s top trendline, forecasts a price target of $615.

During pullbacks, investors should watch key support levels on Tesla's chart around $360 and $300.

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 Lose Ground

Futures tied to the Dow Jo♍nes Industrial Avꩲerage were down 0.6% in recent trading.

S&P 500 futures were down 0.8%.

Nasdaq 100 futures were also off 0.8%.