S&P 500 Movers on Wednesday

Decliners

• Shares of the financial technology company Global Payments (GPN) plunged 6.5%, posting the widest loss of any stock in the S&P 500 for the second straight day. The payment solutions provider issued underwhelming profit guidance at an investor conference earlier this week, noting it expects a year of transition in fiscal 2025. Analysts at the financial firm BTIG downgraded Global Payment stock to neutral, citing a lack of visibility in the company's growth trajectory that they believe leaves the stock in "no man's land" over the coming quarters.
• Amgen (AMGN) shares lost 5.5% after the drugmaker released data from a Phase 3 clinical trial of an experimental eczema treatment. Although Amgen's drug met its primary endpoint in the study, analysts question whether the results were strong enough for the treatment to merit a strong share in a market already served by Dupixent, a medication jointly developed by Amgen rivals Sanofi (SNY) and Regeneron (REGN).
• Shares of major U.S. automakers moved lower following unfavorable comments from analysts at Morgan Stanley. The investment firm downgraded General Motors (GM) to "underweight" from "equal weight" and scaled back its view on Ford Motor (F) to "equal weight" from "overweight," citing increased competition in China and a challenging environment for U.S. consumers. GM shares were down 4.9% on Wednesday, while Ford shares slid 4.1%.

Advancers

• Vistra (VST) shares soared 5.9%, securing the S&P 500's top daily performance after Jefferies and Morgan Stanley boosted their price target on the utility stock. Analysts reacted positively to Vistra's recent acquisition of the remaining stake in its Vistra Vision subsidiary.
• In addition, the analysts said they believe the recent deal by fellow electricity generator Constellation Energy (CEG) to power Microsoft (MSFT) data centers sets a positive precedent for other attractive agreements. Constellation Energy shares were up 3.7% on the day.
  
• Shares of Hewlett Packard Enterprise (HPE) jumped 5.1% as Barclays 澳洲幸运5开奖号码历史查询:upgraded the stock to "overweight" and lifted its price target. Analysts pointed to signs of recovery in the enterprise hardware business and said they view HPE stock as one of the best ways to invest in this trend. Barclays also believes HPE can continue to increase sales of its artificial intelligence (AI) servers, make gains in the storage market, and benefit from its acquisition of Juniper Networks (JNPR) announced at the beginning of the year.

• Intel (INTC) shares added 3.2%, extending strong gains posted this week amid reports of a potential investment of up to $5 billion from asset management firm Apollo Global Management. Intel has also reportedly drawn interest from fellow chipmaker Qualcomm (QCOM). In addition, Intel launched two new AI products on Tuesday that are central to its strategy of improving its position in the data center market.

-澳洲幸运5开奖号码历史查询:Michael Bromberg

Vistra Powers Higher as Analysts Lift Price Targets

Shares of Texas-based power generator Vistra (VST) gained nearly 6% on Wednesday, the largest daily gain of any S&P 500 stock. Vistra is no stranger to market-leading upticks, having surpassed Nvidia (NVDA) as the top-performing stock in the 澳洲幸运5开奖号码历史查询:benchmark index this year.

Several investment firms have suggested there could be even more upside potential for shares of the utility company. In research notes published this week, Jefferies boosted its 澳洲幸运5开奖号码历史查询:price target on Vistra shares to $137 from $99, while 澳洲幸运5开奖号码历史查询:Morgan Stanley lifted its target on the stock to $132ꦰ from $110.

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:Michael Bromberg

Cintas Shares Hit Record High After Strong Earnings

Cintas (CTAS) shares hit an all-time high Wednesday as the uniform and other workpᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚlace supplies provider posted better-than-expected results and raised its guidance.

Cintas reported fiscal 2025 first-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.10, with revenue🌱 increasing 6.8% year-over-year to an all-time high of $2.50 billion. Both exceeded estimates.

CEO Todd Schneider said Cintas "continued to experience strong demand for our services, not only from existing customers, but across our new business pipeline," according to a transcript of its earnings call provided by AlphaSense.

The company now anticipates full-year EPS in a range ♍of $4.17 to $4.25 versus its earlier forecast of $4.06 and $4.19.

Cintas shares gained 1.2% on Wednesday to closeꦯ at $207.21. The stock hit an all-ဣtime of $209.58 early in the session.

-澳洲幸运5开奖号码历史查询:Bill McColl

GM, Ford Sink Following Morgan Stanley Downgrade

Shares of General Motors (GM) and Ford Motor (F) tumbled Wednesday as Morgan Stanley꧂ downgraded the stocks and the overall U.S. industry sector because of compe⛄tition from China.

Calling it the "China Butterfly Effect," the analysts wrote in a note that the "China capacity 'butterfly' has emerged and is flapping its wings." They noted that the country now produces 9 million more cars than it buys, "upsetting the competitive balance in the West."

General Motors went to "underweight" from "equal-weight," and its price target fell to $42 from $47. Ford Motor was dropped to "equal-weight" from "overweight," with the price target going to $12 from $16.

Morgan Stanley also downgraded the U.S. auto industry to "in-line" from "attractive," based on "a combination of international, domestic and strategic factors that we believe may not be fully appreciated by investors." The analysts said that "there are better ways to play rate cuts."

Despite today's 5% decline, shares of General Motors are up more than 25% year-to-date. Ford shares, which are down 4% Wednesday afternoon, are nearly 15% lower in 2024.

-澳洲幸运5开奖号码历史查询:Bill McColl

HP Enterprise Shares Jump as Barclays Sees AI Opportunity

Hewlett Packard Enterprise () shares jumped Wednesday 澳洲幸运5开奖号码历史查询:following an upgrade from Barclays on the information technology’s strength in the booming 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) sector.

Barclays raised its rating on HPE stock to “overweight” from “equal weight,” and boosted the price target t☂o $24 fro🌄m $20. Shares were up 4.6% to $19.75 in afternoon trading.

The upgrade from Barclays comes after Bank of America boosted its rating and price🌠 targ☂et for HPE last week, in part because of the compa💙ny's AI strength. Bank of America said HPE could hold a “command position” in AI adoption because of its “decades of expertise in liquid cooling (CRAY systems) and increased adoption of supercomputing.”

-澳洲幸运5开奖号码历史查询:Bill McColl

Key Visa Stock Price Levels to Watch

Visa (V) shares were down about 1% Wednesday after slumping more than 5% yesterday following news that the U.S. Department of Justice (DOJ) 澳洲幸运5开奖号码历史查询:had filed an antitrust lawsuit against the payments giant.

The stock broke out to a new record high earlier this moth but promptly reversed course, raising the ꧅possibility of a bull trap, a chart pattern that lures investors into buying before the price makes a rapid move loweౠr.

Investors should monitor key lower levels on Visa's chart around $267, $263, and $254, while watching how the price responds to the $290 area if the stock's uptrend continues.

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

Micron Rising Ahead of Earnings Report

Shares of Micron Technology (MU) were up about 2% W𓂃ednesday morning as investors await the release of ♕the company's earnings report after the closing bell.

Analysts expect the memory chip maker and Nvidia (NVDA) partner to swing to a profit for its fiscal fourth quarter. The Street expects the company to report net income of $1 billion for the quarter, compared to a loss of $1.43 billꩲion 🐻a year earlier. Revenue is projected to nearly double to $7.65 billion, according to estimates compiled by Visible Alpha.  

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

-澳洲幸运5开奖号码历史查询:Andrew Kessel

Trump Media Stock Surges

Trump Media & Technology (DJT) stock has s🌞hown a bit of bounce this week. 

Stepping back a bit, shares of the Truth Social parent company are still well off highs seen earlier this year, when the stock changed hands at nearly $80 per share. But after touching intraday levels below $12 yesterday, they were more recently trading around $14, up about 9% on the day and ahead of Friday's close of $13.55. 

The company's stock, majority owned by former President Donald Trump, has mostly fallen this year, moving dramatically at times based on its financial results and investors' estimations of Trump's political future. Late last week, another dynamic drove trading in the shares: the 澳洲幸运5开奖号码历史查询:expiration of lock-up agreements t✅hat limited the ability of Trump and some other insi🧸ders to sell their shares. 

Trump has said he has no plans to sell his stake in the company. Still, investors have wondered whether he or other large investors in the company might move to sell shares. Others have speculated that the expiration of 澳洲幸运5开奖号码历史查询:the lock-ups could spur further pressure on the shares by short sellers. 🍸;

-澳洲幸运5开奖号码历史查询:David Marino-Nachison

KB Home Shares Slide After Earnings-Key Levels to Watch

KB Home (KBH) shares were 🐬down 6% in premarket ﷽trading after the homebuilder's third-quarter profit fell short of Wall Street expectations.

The stock sits poised to fall below the lower trendline of an ascending triangl𝓀e on Wednesday, opening the door for further price flಞuctuations.

Investors should monitor key post-earnings price levels on KB Home's chart at $79, $72, and $64. A measured move, which calculates the distance of the ascending triangle near its widest point and adds that amount to the pattern’s top trendline, projects a price target of $108 if the stock resumes its longer-term uptrend.

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 Slightly Lower

Futures tied to the Dow Jones Industrial Average were down fractio🍨nally.

👍S&P 500 future🐎s were also down less than 0.1%.

Nasdaq 100 futures were down 0.2%.