Biggest S&P 500 Movers on Tuesday

Advancers

• Among top S&P 500 gainers Tuesday, construction and industrial equipment provider United Rentals (URI) inked a $4.8 billion deal to acquire fellow heavy-duty equipment rental company H&E Equipment Services (HEES). United Rentals said the planned 澳洲幸运5官方开奖结果体彩网:acquisition reflects its strategy to grow its core business, with H&E's assets boosting its capacity in key U.S. markets. United Rentals shares added 5.9%, notching the strongest gains of any S&P 500 stock on Tuesday, while 澳洲幸运5官方开奖结果体彩网:H&E shares skyrocketed, more than doubling in value.
• Shares of industrial chemical manufacturer Celanese (CE) jumped 5.4% after Bank of America upgraded its view on the stock to "buy" from "underperform." Analysts attributed the double upgrade to the stock's enticing 澳洲幸运5官方开奖结果体彩网:valuation and expectations for an improvement in the acetyls market. In addition to anticipating a recovery in demand for Celanese's products, especially in India, the BofA team noted strong 澳洲幸运5官方开奖结果体彩网:free cash flow should help the chemical maker address debt leverage issues.
• Fresh off massive 2024 gains of more than 250% that made the electricity generator's stock one of the year's top S&P 500 performers, Vistra (VST) shares added 5.2% on Tuesday. On Monday, Zacks Equities Research highlighted Vistra stock as its "bull of the day," reiterating the utility's opportunity to meet high levels of energy demand from artificial intelligence data centers and noting that consensus estimates suggest that Vistra's already-impressive earnings growth trajectory could accelerate this year.
• A positive update from Bank of America also helped lift GE Vernova (GEV) stock, which gained 4.2% Tuesday. BofA analysts boosted their 澳洲幸运5官方开奖结果体彩网:price target on shares of the energy equipment firm, which 澳洲幸运5官方开奖结果体彩网:separated from General Electric last year. This reflects a positive view of GE Vernova's position in the gas turbine market, which has benefited from strong pricing trends in recent years.

Decliners

• Pharmaceutical giant Eli Lilly (LLY) reduced its full-year revenue outlook, indicating that demand for its diabetes and weight-loss treatments Mounjaro and Zepbound could fall short of elevated expectations. The company has been investing heavily to ramp up manufacturing capacity as it aims to meet surging demand for blockbuster drugs. Eli Lilly shares tumbled 6.6%, losing the most of any S&P 500 stock for the day.
• Shares of Charles River Laboratories (CRL) sank 6.3% after the preclinical and clinical medical research firm issued underwhelming preliminary 澳洲幸运5官方开奖结果体彩网:earnings guidance for 2025. Charles River said it expects full-year organic revenue to decline at a similar pace as last year, forecasting stable to slightly improving demand from 澳洲幸运5官方开奖结果体彩网:biotechnology companies but limited demand from large pharmaceutical firms. In the wake of the updated forecasts, analysts at JPMorgan and Bank of America reiterated their "neutral" ratings on Charles River stock.
• Las Vegas Sands (LVS) shares dropped about 4% after Morgan Stanley downgraded the casino operator's stock to "equal weight" and trimmed its price target. Analysts cited a deceleration of customer growth trends in Singapore and more limited expectations for 澳洲幸运5官方开奖结果体彩网:economic growth in China as factors that could weigh on the resort and gaming company's performance.
  

Applie🐠d Digital Stock Soars on Invest🐼ment from Macquarie

Applied Digital (APLD) shares jumped in intraday trading Tuesday after it announced that Macquarie Asset Management will invest up to $5 billion in its high-performance computing (HPC) data centers.

Nvidia (NVDA) has already invested in its 澳洲幸运5官方开奖结果体彩网:data centers and last year announced a stake in the company, which provides advanced digital infrastructure designed to support high-performance computing and 澳洲幸运5官方开奖结果体彩网:artificial intelligence appl𒊎ications.

Macquarie Asset Management funds will invest up to $900 million in the company’s Ellendale HPC data center campus in North Dakota.

Australian 澳洲幸运5官方开奖结果体彩网:fund manager Macquarie will also have the right to invest an additional $4.1 billion across Applied Digital's future HPC data center pipeline. Macquarie will take a 15% equity stake in App🙈lied Digital’s HPC business, with the AI compan🍬y retaining the remaining 85%.

Applied Digital shares were up 10% late in the session on Tuesday. They've gained about 15% over the last year.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Eli Lilly Stock Slumps on Lowered Sales Forecast

Eli Lilly (LLY) s✃hares tumbled Tuesda🌠y after the drugmaker lowered its revenue forecast for the 2024 fiscal year.

The maker of weight-loss drugs 澳洲幸运5官方开奖结果体彩网:Mounjaro and Zepbound said sales of the drugs grew slower than expected in the fourth quarter, along with lower-than-expected inventory of the products.

Eli Lilly said it expects fourth-quarter revenue of roughly $13.5 billion, which would bring full-year revenue to $45 billion, lower than the $45.4 billion to $46 billion range the company projected in its 澳洲幸运5官方开奖结果体彩网:third-quarter report. Analysts were looking for fourth-quarter revenue of $13.97 billion and full-year revenue of $45.48 billion, according to estimates compiled by Visible Alpha.

Heading into fiscal 2025, CEO David Ricks said the company expects sales of weight-loss drugs will continue growing, and noted that it expects "to produce at least 60% more salable doses" of the drugs over the first half of this year compared to 2024.

The drugmaker said it anticipates reve෴nue between $58 billion to $61 billion in fiscal 2025, while analysts currently project $59.33 billion. The company said it plans to report fourth-quarter earnings and outline its full forecast for fiscal 2025 on ওFeb. 6.

Eli Lilly shares were down nearly 7% Tuesday afternoon following the news, though even with Tuesday's losses, they've gained over 15% in the last 12 months.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Boeing Stocks Falls on Slowing Plane Deliveries

Boeing (BA) was the worst-performing stock in the 澳洲幸运5官方开奖结果体彩网:Dow Jones Industrial Average Tuesday after the American plane ไmak🃏er's fourth-quarter 2024 deliveries revealed a widening gap with European rival Airbus.

Boeing delivered 57 commercial planes in Q4 and 348 for the full year, down from 157 and 528, respectively, a year ago. By contrast, Airbus recently reported 269 deliveries in the fourth quarter and 766 in 2024, its highest full-year total since 2019.

Boeing's fourth-quarter production was impacted by a nearly 澳洲幸运5官方开奖结果体彩网:two-month strike by⛄ its union machinists, which was resolved in November with a new contract agreement. 

Boeing is still trying to find its footing a year after an Alaska Airlines (ALK) flight aboard a 737 MAX plane had a 澳洲幸运5官方开奖结果体彩网:door panel detach in midair. Earlier this month, outgoing Federal Aviation Administration (FAA) head Mike Whitaker said the plane maker's safety turnaround plan is 澳洲幸运5官方开奖结果体彩网:"not a one-year project."

Shares of Boeing traded🌠 2% lower Tuesday afternoon and have lost nearly a quarter of their value over the past year. The company will report its fourth-quarter results on Jan. 28.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

KB Home Stock Rises as Deliveries Surge

KB Home (KBH) shares climbed Tuesday, a💜 day after the home builder reported better-than-expected results as deliveries jumped.

The company posted fourth-quarter earnings per share (EPS) of $2.52, with revenue up 19% from a year ago to $2 billion. Both figures exceeded analysts' forecasts compiled by Visible Alpha.

Homes delivered increased 17% to 3,978, and the average selling price rose 3% to $501,000. Homebuilding 澳洲幸运5官方开奖结果体彩网:operating income grew 27% to $229.1 million, and homebuilding 澳洲幸运5官方开奖结果体彩网:operating margin added 60 澳洲幸运5官方开奖结果体彩网:basis points (bps) to 11.5%.

CEO Jeffrey Mezger said the boost in deliveries was d🌱riven by faster construction times. He noted that new orders climbed by about 40% on continuing demand and improved market conditions, “despite ongoing mortgage🀅 interest rate headwinds.”

Mezger addeꦑd that the company spent more than $2.8 billion in 2024 ꦦon land purchases and development, and “we plan to increase our investment again in 2025.”

KB Home shares were up about 3% Tue𝔍sday afternoon and have added about 10% over the past 12 months.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

H&E Equi🧔pment Stock Double🐎s on $4.8 Billion United Rentals Acquisition

H&E Equipment Services (HEES) shares more than doubled in value intraday Tuesday after the company reached a deal to be acquired by United Rentals (URI) for $4.8 billion.

The purchase price equates to $92 per share, and H&E stock vaulted accordingly to $90.51 intrad🦹ay Tuesday. Shares of United Rentals rose close to 4%. 

The combination of equipment renters expands United Rentals’ fleet by nearly 64,000 units and is expected to generate roughly $130 million in annual 澳洲幸运5官方开奖结果体彩网:cost synergies wit𝓡hin two years of the deal closing. The combined company’s equipment rental offerings will include power and HVAC, po♎rtable storage, tool solutions, fluid solutions, and more. 

H&E generated adjusted EBITDA of $696 million on revenue of $1.52 billion in the 12 months ended Sept. 30. The transaction, which also includes $1.4 billion of net debt, is expected to close in the first quarter of 2025, the company s🐼aid. 

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Signet J🉐ewelers Stock Tumbles After Cutting Outlook on Soft Holiday Sales

Shares of Jared, Zales, and Kay Jewelers parent Signet Jewelers (SIG) plunged 22% Tuesday after the biggest diamond jewelry retailer cut its guidance on weak holiday demand.

Signet's preliminary 澳洲幸运5官方开奖结果体彩网:same-store sales for the 10 weeks ending Jan. 11 we☂re down about 2%, pointing to "peak selling days leading up to Christmas that were bel෴ow forecast," Chief Financial and Operating Officer Joan Hilson said.

Hilson noted that "fashion gifting underperformed as consumers gravitated to lower price points even more than anticipated in a continued competitive environment."

Hilson added that while merchandise margin was up, it ro✤se less than expected because of "♐lower fashion mix and a stronger customer response to promotional items."

Because of the results, Signet lowered its fourth-quarter sales estimate to $2.32 billion to $2.335 billion from the previous outlook of $2.38 to $2.46🍷 billion. It sees same-store sales down 2.5% to 2.0%, reduced from the earlier prediction of flat to 3% higher.

Signet Jewelers shares sank to ꦍtheir lowes🥀t level since October 2022.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

BP Shares Fall on Forecast of Weaker Margins, Lower Producti💎on in Q4

BP (BP) stock fell in early trading Tuesday after the British oil giant said it expects to book impairments of between $1 billion and $2 billion in the fourth quarter.

♓ The company said in a fourth-quarter trading update that the “non-cash, post-tax charges” were attributable across its units. 

It also said that its upstream production is expected to be lower than that in the third quarter, when output was 2.4 million oil-equivalent barrels per day. The firm also said it expects “weaker” fourth-✤quarter margins on its refining business.

BP’s U.S.-listed shares fell about 1% at the open, but have risen about 5% this year amid higher 🌺oil prices.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Stock Futures Rise After Soft PPI Print

Futures contracts connected to the Do🐲w Jones Industrial Aver🍬age rose 0.4% in premarket trading on Tuesday.

S&P 500 futures were also up 0.4%.

Nasdaq 100 futures jumped 0.6%.