Biggest S&P 500 Movers on Monday

Advancers

• News that Taiwan-based technology manufacturer Foxconn posted 澳洲幸运5官方🔯开奖结果🎃体彩网:record revenue for the fourth quarter amid strong demand for AI servers helped boost shares of companies across the semiconductor industry. Shares of memory solutions specialist Micron Technology (MU), whose tech is incorporated in Nvidia's (NVDA) next-generation Blackwell AI platforms, surged 10.5%, notching Monday's strongest performance in the S&P 500.
• Other companies benefitted from the wave of AI server optimism. Shares of server maker Super Micro Computer (SMCI) soared 9.4% following positive commentary from Lynx Equity. Analysts expect today's keynote remarks by Nvidia at the CES conference to include an update on the newest iteration of its Blackwell AI chips, which could serve as a catalyst for Supermicro, given the key role of Nvidia's graphics processing units (GPUs) in the firm's most advanced servers.

• Shares of electronic testing equipment manufacturer Teradyne (TER) jumped 7.2% after Northland Securities upgraded the stock to "outperform" and boosted its price target. Analysts believe Teradyne is well positioned to gain market share in the sector as cloud computing companies use the firm's testing platform to design application-specific integrated circuits (ASICs). Northland also indicated that ongoing technological transitions in the semiconductor industry could boost demand for Teradyne's testers.

Decliners

• Axon Enterprise (AXON) shares fell the most of any S&P 500 stock on Monday, tumbling 5.1% to their lowest level since the manufacturer of the Taser and other law enforcement equipment posted stro💟nger-than-expected quarterly sales and profits in early November. Despite today's decline, Axon stock has more than doubled in value over the past year, boosted by enthusiasm for its AI solutions and substantial technology budgets among police departments.
• Shares of data analytics software maker Palantir Technologies (PLTR) also sank 5% as Morgan Stanley reinstated coverage on the stock with an "underweight" rating. Although analysts recognized Palantir's strong trajectory, they suggested the company's success is more than priced into the current valuation after the stock skyrocketed in 2024, making it last year's 澳洲幸运5官方开奖结果体彩网:top S&P 500 performer.
• Essex Property Trust (ESS) shares dropped 4% as Mizuho analysts trimmed their price target on the real estate investment trust (REIT). With a concentration on multifamily apartment complexes on the West Coast, Essex faces headwinds related to shifting employment and rental dynamics in its core markets, especially in tech-dominated areas in Northern California.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

T-Mobile US Stock Slides Following Downgrades

T-Mobile US (TMUS) shares dropped Monday as🔯 Wells Fargo and RBC Capital Markets analysts downgraded the stock. 

Wells Fargo lowered its rating on T-Mobile stock to "equal weight" from "overweight" and cut its price target to $220 from $240.

T-Mobile "should continue to outpace its competitors from a subscriber and financial growth perspective in the years ahead, [but] its pace of growth is decelerating as the business matures, and it moves further past the Sprint integration 澳洲幸运5官方开奖结果体彩网:synergies," Wells Fargo said.  

Industry-leading subscriber and EBITDA growth is already priced in, the analysts said, making T-Mobile less compelling than peers AT&T (T) and Verizon Communications (VZ). 

Meanwhile, RBC Capital Markets analysts dropped their T-Mobile rating to "sector perform" from "outperform" and lowered their price target to $240 from $255, according to reports.

T-Mobile US shares finished Monday down 3.1% at $212.38. The stock has gained 30% over the past year, slightly outpacing the S&P 500's performance over the period.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

American Airlines Soars as Analysts Upgrade Stock

Shares of American Airlines Group (AAL) surged Monday a🥀fter brokera♕ge firms Jefferies and TD Cowen upgraded their ratings and raised their price targets on the carrier's stock.

Jefferies upgraded the stock to "buy" from "hold," and raised its 澳洲幸运5官方开奖结果体彩网:price target to $20 from $12. Its analysts said 澳洲幸运5官方开奖结果体彩网:American Airlines "could see significant surprise to the upside in 2025" thanks to "ongoing corporate share recapture, lower capacity and capex," as well as its forthcoming 澳洲幸运5官方开奖结果体彩网:exclusive credit card partnership with Citi (C).

TD Cowen similarly upgraded the stock to "buy" from "hold" Monday, and raised its price target to $25 from $17, per reports.

"In hindsight, we were too early with our upgrade a year ago and then failed to appreciate the transitory nature of their headwinds when we downgraded the shares in July," TD Cowen's Tom Fitzgerald wrote, according to Reuters.

American Airlines stock recently traded up 4% at $17.65, nearly doubling since falling to a four-year low of $9.07 last August. Its shares have risen 30% over the last year, smaller than the gains in that span recorded by rivals United Airlines (UAL) and 澳洲幸运5官方开奖结果体彩网:Delta Air Lines (DAL), 🎶which have surged by roughly 140% and 50%, resp♐ectively.

-澳洲幸运5官方开奖结果体彩网:Aaron Rennie

Plug Power Stock Continues Surging

Plug Power (PLUG) shares surge꧒d for a second straight session after the Treasury Department announced fin🌞al rules on tax credits for producing clean hydrogen.

The tax credits were made available through the 澳洲幸运5官方开奖结果体彩网:Inflation Reduction Act of 2022. The Treasury Department noted in its sta🎀tement Friday that the rules underwent "significant changes and flexibilities that address several key issues to help grow the industry and move projects forward," while adhering to the emissionဣs requirements included in the act.

Officials said that the changes "clarify how producers of hydrogen, including those using electricity from various sources, natural gas with carbon capture, renewable natural gas (RNG), and coal mine methane can determine eligibility for the credit."

Deputy Energy Secretary David Turk said the rules "set us on a path to accelerate deployment of clean hydrogen," and will lead to new economic opportunities. Clean hydrogen is defined as the processes and methods used to produce hydrogen that emit zero or nominal fossil fuel or greenhouse gas emissions.

Plug Power shares were up 20% in recent trading, adding to a 13% jump Friday. Despite the rally, the stock has lost a quarter ofꩲ its value over the past year.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

Bitcoin Back Above $100K

Bitcoin surged above❀ $100,000 on Monday for the first time since Dec. 19, after weeks of volatility.

In the weeks following the U.S. presidential election, bitcoin ♏gained more than 50%, hitting an all-time high of around $108,000 in mid-December, amid investor optimism that the incoming Trump administration will adopt policies that support the cryptocurrency market. The rally stalled during the holiday sea𒁃son, with bitcoin falling to around $92,000.

The digital currency was trading at around $102,0🎐00 recently, up from an intraday low of around $98,000, with little in the way of news to spark the turnaround.

One possible factor to consider is a reversal in flows for spot bitcoin exchange-traded funds (ETFs). After struggling with multiple days of 澳洲幸运5官方开奖结果体彩网:significant outflows, spot bitcoin ETFs reco💙rded inflows of $908.1 million on Friday, according to data from Farside Investors. Starting Dec. 19, just a few days after bitcoin surpassed $108,000, spot bitcoin ETFs have seen roughly $1.9 billi🉐on in outflows.1

When investors put money into spot bitcoin ETFs, these products buy bitcoin and that demand pushes up bitcoin prices. Massive demand from spot bitcoin ETFs 澳洲幸运5官方开奖结果体彩网:drove the rally 🍌in bitcoin prices early last year, and could do so again.

"I would have predicted a rough patch for the [bitcoin] ETFs given the drop below $100k (overdue for a breather) but no, they roared back with nearly $1b Friday, which lifted the 1W to positive net," Bloomberg ETF analyst Eric Balchunas noted on X.

-澳洲幸运5官方开奖结果体彩网:Kyle Torpey

MicroStrategy Jumps on Latest Bitcoin Buy, Capital Raise Plan

Shares of MicroStrategy (MSTR) rose Monday as one of the largest corporate holders of bitcoin (BTCUSD)꧋ added to its stockpile, with plans to raise more capital for future purchases💦.

The company purchased 1,070 bi𒉰tcoins for $101 million, at an average price of $94,004 per bitcoin, on Dec. 30 and Dec. 31, according to a recent regulatory filing.

MicroStrategy now holds approximately 447෴,470 bitcoins, worth roughly $45 billion as bitco🐽in prices climbed back above $102,000 Monday.

The purchase filing comes after the MicroStrategy unveiled plans Friday to raise up to $2 billion over the next🍌 three years.

The capital raise adds to MicroStrategy’s previously-announced "21/21" strategy. The 21/21 plan is the company's strategy of raising $42 billion of capital by selling new shares and fixed-income securities to buy more bitcoin.

MicroStrategy 澳洲幸运5官方开奖结果体彩网:joined the Nasdaq 100 index in late December, although 澳洲幸运5官方开奖结果体彩网:concerns about leverage and sustainability of the company's bitcoin buying strategy led 💯its stock price to falter in the past month.

Shares of MicroStrategy gained 6% Monday and, despite recen꧙t volatility, are up nearly 500% over the past year.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Uber Rises on Accelerated $1.5 Billion Stock Buyback Plan

Uber (UBER) shares jumped Monday after the ridesharing company said it is starting an accelerated 澳洲幸运5官方开奖结果体彩网:stock buyback program with an agreement to buy back $1.5 billion in shares from Bank of America (BAC).

The company said the $1.5 billion purchase—expe🌜cted to deliver more than 18.5 million shares—represents about 80% of the shares Uber plans to buy back under the accelerated plan, with the rest of the purchases expected to be𝄹 completed in the first quarter of this year.1

The accelerated plan is part of the $7 billion stock buyback program that Uber 澳洲幸运5官方开奖结果体彩网:announced in Feb. 2024, the first buyback program in the c🍌ompany's histor💖y.

Uber CFO Prashanth Mahendra-Rajah said Uber is begไinning 2025 with "considerable momentum" and plans to "continue scaling our free cash flows significantly," allowing it to invest in growing the company while also returning capital to shareholders.

“Our stock is undervalued relative to the strength of our business, and we plan to accelerate our buybacks under the existing authorization as a result," Mahendra-Rajah said. "This [accelerated share repurchase] represents a value-enhancing deployment of capital, retiring over one percent of our market cap.”

Uber shares were up more than 3% this morning and have gained about 16% over the past year, lagging the S&P 500's 28% increase over the period.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Chip Stocks Soar as Foxconn Revenue Jumps on AI Strength

Chip stocks are surging early Monday after Taiwan's Foxconn, which assembles Apple (AAPL) iPhones and Nvidia (NVDA) products, posted record fourth-♒quarter revenue—driven by the boom in demand for AI technologies.

Foxconn, whose formal name is Hon Hai Precision Industry, said Sunday that its fourth-quarter revenue rose 15% year-over-year to 2.132 trillion 澳洲幸运5官方开奖结果体彩网:New Taiwan dollars ($65.09 billion). Its December sales rose 🐲42% to NT$654.83 bi👍llion.

"With strong demand from AI servers, revenue experienced strong growth YoY," the company said.

Shares of AI darling Nvidia were up 4% this morning before CEO Jensen Huang gives the 澳洲幸运5官方开奖结果体彩网:keynote address at the CES trade show in Las Vegas. Micron Technology (MU) were up 10%, while ASML Holding (ASML), Lam Research (LRCX) and KLA Corp. (KLA) each added more than 5%.

The VanEck Semiconductor ETF (SMH) was up more than 4%.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Supermicro Levels to Watch as Stock Surges

Super Micro Computer (SMCI) shares are soa💜ring this morning after jumping 11% on Friday snap a five-session 𓆉losing streak.

Sentiment may also received a boost after Microsoft (MSFT) announced Friday that it 澳洲幸运5官方开奖结果体彩网:plans to spend about $80 billion this fiscal year on data centers that power AI, a move that could benefit the server maker through increased partnerships and hardware ❀sales.

Supermicro is looking to move past a volatile 2024 in which accounting and 澳洲幸运5官方开奖结果体彩网:corporate governance issues led to several delayed financial reports. However, CEO Charles Liang said last month that postponed filings will be completed by a 澳洲幸运5官方开奖结果体彩网:Feb. 25 deadline&ꦕnbsp;issued by the Nasdaq, easing concerns about a potential delisting.

Supermicro shares ended last year with a 7% gain, but surged more than four-fold between January and March before 澳洲幸运5官方开奖结果体彩网:slumping as much as 85% from their record high. 

Since mid-July, Supermicro shares have oscillated within an orderly descending 澳洲幸运5官方开奖结果体彩网:broadening formation, with the stock tagging both the🦩 pattern’s upper and lower trendline on several occasions since that time.

More recently, the price has traded in a narrow range since mid-December but closed above the 澳洲幸运5官方开奖结果体彩网:50-day moving average (MA) on Friday on the highest 澳洲幸运5官方开奖结果体彩网:trading volume in over a week.

Investors should monitor key support levels on Supermicro's chart around $26 and $18, while also watching crucial resistance levels near $39, $50, and $63.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Major Indexes Poised to Open Higher on Monday

Futures tied to 🔴the Dow Jones Industrial Average wer𝄹e up 0.4%.

S&P 500 futures were up 0.8%.

Nasdaq 100 futures rose 1%.