Stock Market Pulse

Here are the stocks moving the most on Tuesday:

Lockheed Martin's stock rose 0.2% after reporting better than expected Q3 results. Nvidia fell over 4% due to US plans to restrict AI chip exports to China. Dollar Tree jumped 4.8% following an upgrade from Goldman Sachs. Despite good earnings, Johnson & Johnson fell 0.9% due to declining sales of certain drugs and its Covid vaccine. Tripadvisor, Bank of America, and Bank of New York Mellon saw stock rises following positive evaluations or earnings reports, while Lucid Group dropped 5.3% due to a production decrease. Wyndham Hotels surged 9% on a buyout offer. Various other stocks shifted due to analyst upgrades, earnings reports, or investor actions, such as VF Corporation rising 14% on activist investor involvement, and Viasat climbing 9.5% post-upgrade by JPMorgan.

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Here are the stocks moving the most on Monday:

Lululemon's shares rose by 10.31% as it's set to join the S&P 500, replacing Activision Blizzard post its Microsoft acquisition. Pfizer's stock increased by 3.61% after a rating upgrade by Jeffries, despite a dip in vaccine sales. Shares of Moderna, BioNTech, and Novavax, however, fell by 6.47%, 6.38%, and 5.96% respectively. News Corp shares grew by 4.69% with Starboard Value's stake acquisition and potential recommendation to spin off its digital real estate division. Alignment Healthcare's stock surged 17.22% post an upgrade by Raymond James, while Varonis Systems saw a 6.7% increase following a rating upgrade by Morgan Stanley. Conversely, Manchester United shares dropped 10.41% due to a new stake bid after a previous withdrawal. Tal Education and Charles Schwab saw their shares rise by 6.73% and 4.66% respectively, due to favorable ratings and earnings. Albemarle shares grew by 2.66% after retracting its offer to acquire Liontown Resources. Greenbrier shares went up by 3.81% after an upgrade by Susquehanna, while Vista Outdoor shares plummeted 23.72% due to disappointing preliminary Q2 results. Lastly, Henry Schein shares dipped by 2.11% after a cybersecurity incident over the weekend affecting its operations.

Stocks experienced a downturn on Friday, driven by surging oil prices and escalating inflation anticipations, wrapping up a volatile week on Wall Street with the S&P 500 dropping 0.50% and Nasdaq Composite falling 1.23%, while Dow Jones slightly rose by 0.12%. Amidst these market movements, oil prices soared over 6% due to geopolitical concerns regarding the Israel-Hamas conflict, and consumer sentiment dipped as per a University of Michigan survey, while positive earnings reports from major financial firms like JPMorgan Chase and Wells Fargo marked the onset of the third-quarter earnings season.

Throughout the week starting Monday, October 16, market volatility is expected with elevated short interest levels in various stocks, ongoing United Auto Workers strike negotiations with major automakers, and notable earnings reports from firms like Charles Schwab, Tesla, Netflix and others. 

For Monday, increased short interest levels are observed in stocks like Fisker, Theravance Biopharma, and Novavax, indicating potential volatility. Options trading volume has surged on Virgin Galactic and Replimune Group. The United Auto Workers strike continues, and its prolongation could affect the auto sector, particularly Ford, General Motors, and Stellantis. Noteworthy companies like Charles Schwab and Equity Lifestyle Props are set to report earnings. Several investor events are scheduled throughout the week, including Charles Schwab's Fall Business Update and Equillium's Analyst & Investor Day. The WSJ Tech Live event will feature presentations from notable tech CEOs. The ending of the post-IPO quiet period for several stocks may lead to share price movements as analysts release ratings. Lastly, Philadelphia Federal Reserve Bank President Patrick Harker will discuss the economic outlook in a webinar.

Here are the stocks making the most move today:

Here are the stocks making the most move today:

Novo Nordisk shares rose 5.5% after successful preliminary results in a kidney disease treatment trial, positively impacting Eli Lilly, which rose 3.8%. DaVita and Fresenius Medical Care shares dropped by 18.4% and 19.6% respectively due to Novo Nordisk's news, while Baxter International slid 9%.

Exxon Mobil shares declined over 4% following the announcement of its $59.5 billion acquisition of Pioneer Natural Resources, whose shares increased by 1%.

Humana shares fell by 2% after CEO Bruce Broussard's resignation announcement, whereas Amgen shares went up by 3.5% due to a Leerink upgrade.

Shoals Technologies, upgraded to buy by Goldman Sachs, saw a 6.3% stock increase.

Ally Financial dipped 3.6% post-CEO Jeffrey Brown's resignation announcement, while Walgreens Boots Alliance gained 1% after Tim Wentworth was named CEO.

Coherent shares rose 5.8% following a $1 billion investment announcement in its silicon carbide business and an upgrade by B. Riley.

Plug Power shares climbed 3.4% due to a positive revenue forecast, and Take-Two Interactive Software shares increased by 1.2% following an upgrade by Raymond James, anticipating a positive impact from the upcoming Grand Theft Auto 6 release.

Here are the stocks making the most move today:

Skechers gained 2.6% following a reiteration of a buy rating by UBS, emphasizing continued global resonance of the brand.

Palantir Technologies saw a near 2% rise in shares post a $250 million contract acquisition with the U.S. Army for AI and machine-learning development through 2026.

PepsiCo shares increased by 2.2% after Q3 earnings beat projections, with an adjusted $2.25 per share on $23.45 billion in revenue.

Solar companies rallied, with SolarEdge and First Solar rising 4.5% and over 5% respectively, while Hannon Armstrong surged 7% on Baird's positive outlook.

Electronic Arts shares grew 3% after a Bank of America upgrade to buy from neutral.

Defense stocks L3Harris Technologies and Northrop Grumman retracted about 1% following a previous rise due to the Israel-Hamas conflict.

Rivian shares increased over 5% post a UBS upgrade to buy from neutral.

Truist Financial shares soared over 6% amidst talks of selling its insurance brokerage business to Stone Point for $10 billion.

Block shares rose 5.5% after a buy reiteration from Bank of America. Akero Therapeutics shares plummeted 67% due to its cirrhosis drug efruxifermin failing a primary benchmark in its Phase 2B study.

Unity Software shares grew 3.2% after announcing CEO John Riccitiello's retirement and James Whitehurst as the interim CEO. Arm Holdings shares rose 2% following bullish calls from Deutsche Bank and JPMorgan.

Lastly, Ameris Bancorp shares rose 2.9% after an upgrade to buy from neutral by D.A. Davidson, which also increased its price target to $44 per share.

Stocks recovered on Monday, overcoming earlier pressures from the escalating Israel-Hamas conflict. Initially, major indexes dropped, but later the Dow Jones, S&P 500, and Nasdaq Composite rose by 0.5%, nearly 0.6%, and 0.4% respectively. The conflict saw an unexpected attack from Hamas, leading to significant casualties and Israel declaring war, impacting global markets. The geopolitical tensions prompted a brief surge in crude prices with WTI crude oil futures rising 4.3%, and a boost in defense and oil company stocks like Lockheed Martin and Exxon Mobil.

Here are the stocks making the most move today:

Northrop Grumman, L3Harris Technologies, and General Dynamics saw their stocks rise by 10.8%, 9.1%, and 8.4% respectively due to the escalating conflict between Palestine and Israel.

Conversely, United Airlines, Delta Air Lines, and American Airlines saw their stocks decline by 5.3%, 4.5%, and 5.3% respectively, following service suspension to Israel due to recent attacks.

Spotify faced a 2.5% decrease in share price after Redburn Atlantic's downgrade, attributing it to its new audiobook offer.

Zscaler enjoyed a 4.2% stock rise post Barclays' upgrade citing growth opportunities in the SASE cybersecurity segment.

Mirati Therapeutics' shares fell over 5% upon Bristol Myers Squibb's acquisition announcement.

Tesla experienced a 2.3% stock dip due to a 10.9% sales decline in China last month.

On Holding's stock rose over 1% following a positive Baird upgrade after a promising investor day.

stocks retreated this Thursday with investors reacting to less-than-expected rise in weekly jobless claims, casting eyes on Friday’s payroll data for any hint of a sluggish job market. Treasury yields dipped for the second consecutive session, while U.S. crude futures tumbled 7.3% over two days. Mortgage rates soared to 7.49%, with an 8% mark lurking by month-end.

AMC Entertainment is reveling in booming ticket sales for the “Taylor Swift: The Eras Tour” concert film, having grossed over $100 million already. This sales surge nudged AMC shares up by 1.5% in after-hours trading to $8.42.

Here are the Stock Movers of the day:

Welcome back to our investing podcast. On Wednesday, stocks and bonds saw relief from recent selloffs, with traders expecting the Federal Reserve to pause interest rate hikes. Large-cap tech stocks like Tesla, Microsoft, and Amazon led a market rebound, pushing Nasdaq 100 up by 1.6% and S&P 500 by 0.9%. The rebound was also spurred by reports showing a slowdown in job additions and a modest pullback in the services sector. 

On the tech side, Google unveiled the Pixel 8 and 8 Pro phones along with Pixel Watch 2 during its event in New York City. The new devices, starting at $699 for Pixel 8, $999 for Pixel 8 Pro, and $349 for Pixel Watch 2, feature enhanced hardware like Google's G3 Tensor chip for better AI utilization, and software upgrades including stress tracking on the Pixel Watch 2.

New let’s look at the individual stocks making moves Wednesday: 

Fluor Corporation shares rose 2% on a UBS upgrade following new project agreements. Cruise line stocks like Carnival, Norwegian Cruise Line, and Royal Caribbean advanced over 2% each amidst falling oil prices. Solar stocks Sunnova Energy and Sunrun plummeted around 6% each post Truist downgrade due to interest rate concerns. Cal-Maine Foods shares dropped 6.6% on disappointing earnings. Intel shares edged up as it announced a standalone programmable chip unit with a planned IPO. DexCom and Insulet shares fell after a study on GLP-1 weight loss drugs. Energy stocks, including Marathon Petroleum and Phillips 66, declined with oil prices sliding over $3 a barrel.

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