Amazon, Chevron lead Wednesday's market cap stock movers

Investing.com

Summary:

Wednesday's market has seen notable shifts with stocks like Amazon Com Inc (NASDAQ:AMZN) and Chevron (NYSE:CVX) experiencing movement on the upside, while Advanced Micro...

Wednesday's market has seen notable shifts with stocks like Amazon Com Inc (NASDAQ:AMZN) and Chevron (NYSE:CVX) experiencing movement on the upside, while Advanced Micro Devices (NASDAQ:AMD) faced a downturn. Investors are reacting to a mix of earnings reports, strategic announcements, and industry developments. Below are highlights of some of the biggest stock movers, from mega-caps to small caps.

Mega-Cap Movers (Market Cap $200B+):

Amazon Com Inc (AMZN); Apple (NASDAQ:AAPL) To Launch AI-powered Smart Home Device: +2.75%
Chevron (CVX): +2.22%
Adobe Sys Inc (NASDAQ:ADBE): +2.31%
Accenture Ltd (NYSE:ACN): +1.94%
Adv Micro Device (AMD): -1.96%

Large-Cap Stock Movers (Market Cap $10B-$200B):

Natera Inc (NASDAQ:NTRA); Natera shares climb on strong Q3 results, raised guidance: +19.69%
Rivian Automotive (NASDAQ:RIVN); Faster, Leaner, More Efficient: Rivian and Volkswagen (ETR:VOWG_p) Group announce JV: +16.68%
Spotify Technology (NYSE:SPOT); Spotify shares target upgraded, rating held on robust 3Q results: +11.37%
MongoDB (NASDAQ:MDB): +8.55%
Cloudflare Inc (NYSE:NET): +4.83%
Albemarle (NYSE:ALB): +6.17%
Discovery Holding Co (NASDAQ:WBD): +7.16%
Biontech Se (NASDAQ:BNTX): +6.05%
Maplebear (CART); Instacart (NASDAQ:CART)'s Smart Carts Now Available in All Geissler's Locations: -13.01%
Doximity (DOCS): -7.82%

Mid-Cap Stock Movers (Market Cap $2B-$10B):

Vector Acquisition (NASDAQ:RKLB); Rocket Lab Schedules Next (LON:NXT) Launch for Constellation Operator Kinéis: +36.32%
New Providence Acquisition Corp N (ASTS): +23.37%
dMY Technology Group III (IONQ); IonQ Strengthens Technical Moat with its Latest Series of Issued Patents: +17.51%
Dynergy (DYN): +18.34%
Griffon Corp (NYSE:GFF); Griffon Corporation Announces Annual and Fourth Quarter Results: +16.41%
Zeekr Intelligent Technology ADR (ZK): +14.15%
Tower Semiconductor (NASDAQ:TSEM); Tower Semiconductor shares up on upbeat guidance: +13.92%
Paymentus Holdings Inc (PAY); Paymentus stock target upgraded, rating held on strong Q3 results: +33.15%
Zoominfo Technologies Inc (NASDAQ:ZI); ZoomInfo stock price target upgraded, neutral rating amid challenges: -16.78%
SoundHound AI (NASDAQ:SOUN); SoundHound AI Q3 revenue surges 89% YoY: -16.34%

Small-Cap Stock Movers (Market Cap $300M-$2B):

VPC Impact Acquisition Holdings III (DAVE); Dave Reports Record Third Quarter 2024 Results and Raises Full Year 2024 Guidance: +50.12%
Paragon 28 (FNA); Paragon 28 Reports Third Quarter 2024 Financial Results and Raises 2024 Net Revenue Guidance: +35.33%
Altus Power (AMPS); Altus Power, Inc. Announces Third Quarter 2024 Financial Results: +26.21%
I.D. Systems (NASDAQ:AIOT): +26.58%
Honest Company (NASDAQ:HNST); The Honest Company Reports Strong Third Quarter 2024 Results and Raises Full Year Outlook: +25.1%
Tower Semiconductor (QBTS): +21.43%
Spirit Airlines (NYSE:SAVE); Spirit Airlines Files Form 12b-25: -57.3%
Groupon Inc (NASDAQ:GRPN); Groupon swaps debt with new secured notes due 2027: -26.76%
Paysafe (NYSE:PSFE); Paysafe shares fall 8% as Q3 earnings miss overshadows revenue beat: -23.56%

For real-time, market-moving news join Investing Pro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Disney, Applied Materials, Brookfield set to report Thursday

Investing.com

Sally Beauty Holdings

+9.90%

Gold Fields

+0.15%

Earnings season continues, with a diverse array of companies preparing to unveil their financial results for the upcoming trading day. Investors and analysts are eagerly anticipating reports from industry giants such as Disney (NYSE:DIS), Applied Materials, and Brookfield, along with numerous other firms across various sectors. These reports will provide valuable insights into the current state of the economy and individual company performances.

Earnings Before the Open:

• Disney (DIS): EPS est. $1.10, Revenue est. $22.48B

• Brookfield (BN): EPS est. $0.8144, Revenue est. $1.27B

• NICE-Systems Ltd (NASDAQ:NICE): EPS est. $2.68, Revenue est. $683.55M

• Advance Auto Parts (NYSE:AAP): EPS est. $0.5215, Revenue est. $2.65B

• Sally Beauty Holdings Inc (NYSE:SBH): EPS est. $0.4822, Revenue est. $935.88M

• Suburban Propane Partners LP (NYSE:SPH): EPS est. -$0.415, Revenue est. $237M

• Inter and Co A (INTR): EPS est. $0.0952, Revenue est. $281.76M

• European Wax Center (EWCZ): EPS est. $0.0553, Revenue est. $54.16M

• Eagle Point Cred (NYSE:ECC): EPS est. $0.3125, Revenue est. $44.95M

• Onewater Marine (NASDAQ:ONEW): EPS est. $0.14, Revenue est. $418.4M

• Sachem Capital Corp (NYSE:SACH): EPS est. $0.0875, Revenue est. $14.8M

• Gold Fields Lts (NYSE:GFI): EPS est. $0.33, Revenue est. N/A

• BioXcel Therapeutics Inc (NASDAQ:BTAI): EPS est. -$0.5055, Revenue est. $1.33M

• Gambling com Group (GAMB): EPS est. $0.1772, Revenue est. $30.4M

• Edge Therapeutics Inc (NASDAQ:PDSB): EPS est. -$0.2967, Revenue est. $0.00

• Adagio Therapeutics (NASDAQ:IVVD): EPS est. -$0.3333, Revenue est. $33.23M

• Newlake Capital Partners (WA:CPAP) (NLCP): EPS est. $0.36, Revenue est. $12.41M

• Siemens AG Adr (OTC:SIEGY (BCBA:SIEGYm)): EPS est. $1.36, Revenue est. $22.66B

• K92 Mining Inc (TSX:KNT) OTC (KNTNF): EPS est. $0.1733, Revenue est. $90.1M

• Swiss Re Ltd (OTC:SSREY): EPS est. $0.8318, Revenue est. $11.72B

• Merck (NS:PROR) KGaA PK (MKKGY): EPS est. $0.4923, Revenue est. $5.79B

• Hellenic Telecommunications Org (HLTOY): EPS est. $0.2077, Revenue est. $981.89M

• Lifeway Foods (LWAY): EPS est. $0.27, Revenue est. $49.75M

• Deutsche Telekom AG PK (OTC:DTEGY): EPS est. $0.5267, Revenue est. $31.17B

• Enerflex NYQ (EFXT): EPS est. $0.03, Revenue est. $604.38M

• EON SE (OTC:EONGY): EPS est. $0.244, Revenue est. $16.59B

Earnings After the Close:

• Applied Matls Inc (NASDAQ:AMAT): EPS est. $2.19, Revenue est. $6.96B

• Globant SA (NYSE:GLOB): EPS est. $1.63, Revenue est. $614.82M

• Post Holdings (NYSE:POST): EPS est. $1.21, Revenue est. $1.96B

• ESCO Technologies Inc (NYSE:ESE): EPS est. $1.44, Revenue est. $297.31M

• Natural Gas Services Group Inc (NYSE:NGS): EPS est. $0.235, Revenue est. $38.11M

• Despegar com (NYSE:DESP): EPS est. $0.1694, Revenue est. $189.84M

• Live Oak Acquisition (DNMR): EPS est. -$0.1996, Revenue est. $8.58M

• iPower (IPW): EPS est. $0.01, Revenue est. $23.5M

• Sensus Healthcare Inc (NASDAQ:SRTS): EPS est. -$0.01, Revenue est. $5.9M

• Tortoise Acquisition Corp (NYSE:HYLN): EPS est. -$0.07, Revenue est. $0.00

• Akoya Biosciences (AKYA): EPS est. -$0.2033, Revenue est. $25.43M

• Celcuity (NASDAQ:CELC): EPS est. -$0.6529, Revenue est. $0.00

• Artius Acquisition NAS (ORGN): EPS est. -$0.11, Revenue est. $8.3M

• Research Solutions Inc (RSSS): EPS est. $0.0167, Revenue est. $11.9M

• Biotime (NYSE:LCTX): EPS est. -$0.04, Revenue est. $1.03M

• Park City Group (NYSE:TRAK): EPS est. $0.08, Revenue est. $5.67M

• Aziyo Biologics Inc (ELUT): EPS est. -$0.44, Revenue est. $6.6M

• Harte Hanks (HHS): EPS est. $0.22, Revenue est. $47.2M

• Renesola Ltd (SOL): EPS est. $0.0866, Revenue est. $26.23M

• Vuzix Corp Cmn Stk (NASDAQ:VUZI): EPS est. -$0.12, Revenue est. $1.68M

• Flexible Solutions International (NYSE:FSI): EPS est. $0.06, Revenue est. $10.88M

• Swk Hldgs Corp (SWKH): EPS est. $0.5186, Revenue est. $9.5M

• New Providence Acquisition Corp N (ASTS): EPS est. -$0.2026, Revenue est. $1.8M

• Spero Therapeutics (NASDAQ:SPRO): EPS est. -$0.4967, Revenue est. $5M

• Sustainable Opportunities Acqui (TMC): EPS est. -$0.06, Revenue est. $0.00

• Novume Solutions (NASDAQ:REKR): EPS est. -$0.07, Revenue est. $14.06M

• Digimarc Corp (NASDAQ:DMRC): EPS est. -$0.44, Revenue est. $10.68M

• Glimpse Group (VRAR): EPS est. -$0.06, Revenue est. $2.6M

• Surf Air Mobility (SRFM): EPS est. -$0.19, Revenue est. $36.95M

• Pioneer Pow (NASDAQ:PPSI): EPS est. $0.03, Revenue est. $14.8M

• American Resources (NASDAQ:AREC): EPS est. -$0.1, Revenue est. $1.7M

Be sure to check back daily for updates and insights into the earnings season and real-time results here and here. Do you want to trade the earnings of the biggest companies like a pro? Then get InvestingPro now and access over 1000 metrics that will give you a significant advantage in the shark tank that is Wall Street. Click here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Risk Warnings and Disclaimers

Add to Favorites

3 Crypto Stocks Set to Gain as Bitcoin Hits New Milestone of $90,000

Zacks

The cryptocurrency market is on a rally, with Bitcoin (BTC) hitting multiple milestones over the past week. Bitcoin started the year on a high, extending its gains from 2023. However, the rally came to a halt in the second quarter. Market experts had predicted that the cryptocurrency still has much potential and the rally would resume in the second half of the year.

The recent rally is being fueled by Donald Trump’s landmark victory in the Presidential election coupled with another interest rate cut by the Federal Reserve last week. Given this situation, investing in Bitcoin-centric stocks like NVIDIA Corporation NVDA, BlackRock, Inc. BLK and Accenture plc ACN, which have strong growth potential for the near term, would be a prudent choice.

Bitcoin Rallies Past $90,000

Last week, Bitcoin surpassed $75,000 for the first time, hours after the nation went to polls to elect the 47th President. The cryptocurrency has not looked back since then. Bitcoin had earlier hit an all-time high of $73,770 in March but suffered over the next three months.

However, it staged a rebound in mid-September after the Federal Reserve announced a 50-basis point interest rate cut, ending its monetary tightening campaign in its bid to curb the 40-year-high inflation.

The rally was further fueled last week following Trump’s victory in the election that saw Bitcoin hitting a fresh high. Earlier this week, Bitcoin surpassed $80,000 for the first time and on Tuesday, it hit a new milestone of $90,000, gaining 34% since Trump’s win. The cryptocurrency was last trading at $87250 and is on track to surpass $100,000 in the near term.

Trump promised during his campaign to make the United States a leader in the digital asset sector, which would involve building a strategic Bitcoin reserve and selecting regulators who are enthusiastic about digital assets. The positive sentiment is now boosting Bitcoin. Also, the Federal Reserve cut interest rates by 25 basis points last week, its second straight interest rate cut in three months, which bodes well for the crypto market.

Crypto Stocks With Upside

NVIDIA Corporation

NVIDIA Corporation is a major player in the semiconductor industry and has been one of the standout success stories of 2023. As a leading designer of graphic processing units (GPUs), the value of the NVDA stock tends to surge in a thriving crypto market. This is primarily due to the crucial role that GPUs play in data centers, artificial intelligence, and the mining or production of cryptocurrencies.

NVIDIA’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 0.7% over the last 60 days. Currently, NVIDIA has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

BlackRock

BlackRock is one of the world’s largest investment managers and is publicly owned. BLK was among the first companies from the traditional market to join the Bitcoin ETF race back in June 2023.

BlackRock’s expected earnings growth rate for the current year is 14.3%. The Zacks Consensus Estimate for current-year earnings has improved 4.4% over the past 60 days. BLK currently sports a Zacks Rank #1.

Accenture plc

Accenture plc is a worldwide system integrator that offers consulting, technology and various other services. The company promotes Ethereum-based blockchain solutions to businesses, aiming to simplify payment processing.

Accenture’s expected earnings growth rate for the current year is 6.9%. The Zacks Consensus Estimate for current-year earnings has improved 1.4% over the last 60 days. ACN currently carries a Zacks Rank #2.

Zacks Investment Research

Risk Warnings and Disclaimers

Add to Favorites

Dj Amd To Cut Jobs. The Stock Is Dropping. - Barrons.Com

Reuters

Advanced Micro Devices

+0.01%

NVIDIA

+1.43%

Risk Warnings and Disclaimers

Add to Favorites

AMD to Cut Jobs. The Stock Is Dropping. — Barrons.com

Dow Jones Newswires

Advanced Micro Devices

+0.01%

Risk Warnings and Disclaimers

Add to Favorites

Sector Update: Tech Stocks Mixed Wednesday Afternoon

MT Newswires

Tech stocks were mixed in Wednesday afternoon trading, with the Technology Select Sector SPDR Fund (XLK) up 0.2% and the SPDR S&P Semiconductor ETF (XSD) falling 1.1%.

The Philadelphia Semiconductor index dropped 1.5%.

In corporate news, Super Micro Computer shares slumped 5% after the company flagged a delay in filing its quarterly report for the period ending Sept. 30 because it needs more time to complete financial statements and disclosures.

Spotify shares jumped 11%. The company gained more premium subscribers than expected in Q3 even as financial results for the period fell short of market estimates.

Rocket Lab USA shares soared 35% after Q3 financial results topping Wall Street expectations and revenue guidance for the current quarter exceeding consensus estimates.

Risk Warnings and Disclaimers

Add to Favorites