Biggest S&P 500 Movers on Wednesday

Advancers

• Super Micro Computer (SMCI) shares surged 15.7%, securing the S&P 500's 澳洲幸运5官方开奖结果体彩网:strongest daily performance, after the server maker announced a $20 billion deal with Saudi Arabian data center company DataVolt. Deals have been in focus this week as President Donald Trump embarked on a four-day 澳洲幸运5官方开奖结果体彩网:tour of the Middle East, with Nvidia (NVDA) and Advanced Micro Devices (AMD) shares gaining ground after both Supermicro collaborators announced agreements with Saudi firms.

• Shares of Enphase Energy (ENPH) jumped 5.8% as the energy technology company launched its new plug-and-play solar battery system in Belgium. The new product is designed to allow residents of apartments and homeowners with limited roof space to generate renewable energy from balconies, patios, or other small outdoor areas. The product introduction marks an expansion of Enphase's footprint in the European market.
• International Paper (IP) stock advanced 4.8% following an announcement that containerboard producer Georgia-Pacific will shutter its mill in Cedar Springs, Ga. The move will result in a reduction in containerboard capacity in the U.S., and Truist analysts suggested that the shifting supply dynamics could yield pricing power for remaining producers of the packaging material. Shares of industry peers Packaging Corp. of America (PKG) and Smurfit Westrock (SW) also moved higher.

Decliners

• Bio-Techne (TECH) shares slipped 7.3%, the most of any stock in the S&P 500, after a presentation by the biotech firm at the BofA Securities 2025 Healthcare Conference. The company said that issues with the timing of orders for diagnostic reagents and controls stymied growth in its Diagnostics and Special segment. Bio-Techne also discussed plans to mitigate possible tariff impacts by shifting manufacturing locations and noted its exposure to U.S. academic funding, which faces budget-related uncertainties.
• Fellow life sciences and diagnostics firm Revvity (RVTY) participated in the same conference, and its shares dropped 5.9%. Although the company touted strength in its diagnostics and software businesses, Revvity faces tariff-related challenges, especially pertaining to its business in China. Revvity also generates a significant portion of its revenue from government and academic sectors.
• Analytics, technology, and research services provider IQVIA Holdings (IQV) also lost 5.9%. In its presentation at the BofA conference, IQVIA pointed to pressure on bookings related to clients delaying purchasing decisions in the uncertain macroeconomic environment. The company also addressed pricing pressure in its functional service provider business.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Palantir Levels to Watch as Stock Hits Another Record High

Palantir Technologies (PLTR) shares hit another record high on Wednesday, as a cooling of global trade tensions has r♔estored risk appetite and investor enthusiasm for AI stocks.&꧙nbsp;

The latest surge in the company's stock comes after the U.S. an🐭d China agreed Monday to slash their tariffs on one another for 90 days, with sentiment also receiving a boost earlier this week after Bank of America analysts called the AI analytics software provider 🧔a “market definer” for companies seeking to leverage artificial intelligence.

Palantir shares rose 1.6% on Wednesday to around $130, marking the second cons🀅ecutive day tha🎀t the AI favorite has hit all-time intraday and closing highs.

The stock had fallen 6% last week as the company’s highജer-than-e♓stimated earnings and outlook failed to meet investors’ lofty expectations. However, the stock has nearly doubled from last month’s low amid a rebound in the AI trade and expectations that the firm’s software could benefit from ong♋oing efforts to improve government efficiency.

After forming a 澳洲幸运5官方开奖结果体彩网:piercing pattern early last month, Palantir shares have staged a sharp rally, climbing above the prominent February peak in the process.  More recently, the price 澳洲幸运5官方开奖结果体彩网:consolidated within a pennant before breaking out in Tuesday’s trading session, indicating a continuation of the stock’s longer-term uptrend.

Meanwhile, the 澳洲幸运5官方开奖结果体彩网:relative strength index points to bullish momentum with a reading above the indicator’s neutral threshold, though it remains below  澳洲幸运5官方开奖结果体彩网:overbought l꧙evels, providing ample room for further buying.

Bars pattern analysis forecasts a potential upside target of around $210 in a move that could play out until early- to mid-June. Investors should watch major support levels on Palantir's chart near $97 and $66.

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

How Much Traders Expect Walmart to Move After Earnings

Walmart (WMT) is slated to report earnings before the opening bell 🦩Thursday. Some traders are betting the stock could erase most of what it lost after the company’s last quarterly report.

As of about midday Wednesday, options pricing suggested traders are positioned for Walmart stock to move about 5% in either direction by the end of the week after the retail giant releases first-quarter results. That could boost the stock to $100.67, which would be its highest price since mid-February when shares tumbled after Walmart 澳洲幸运5官方开奖结果体彩网:issued a disappointing outlook for the first quart🎐er. (It could also drag shares down to $91.09, just slightly above their p🌃rice at the start of the year.)

A 5% post-earnings move wouldn’t be out of the ordinary for Walmart. Following its last four earnings reports, Walmart’s s꧂tock has moved about 5.8% on average. Only one of those reports has sent the stock lower; shares fell 6.5% on the soft outlook mentioned above. The stock rose by amounts ranging from 3% to 7% after the three prior reports.

Analysts are 澳洲幸运5官方开奖结果体彩网:bullish on Walmart stock heading into earnings. All 19 of the Walmart analysts tracked by Visible Alpha rate the 🦄stock a “buy.” The a💫verage target price, $111, represents nearly 16% upside from Tuesday’s close. 

Walmart shares are up about 7% so far this year, but as of Wednesda♒y’s close were trading 8% off their record high from mid-February. 

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

As Tesla Keeps Gaining, an Analysts Sees 'Red Flags'

Tesla stock has soared this week on 澳洲幸运5官方开奖结果体彩网:easing U.S.-China tensions. Some market watc♕hers say 🦹the stock's rally is setting off alarm bells.

Tesla (TSLA) "is flashing overbought technicals,” wrote Matthew Unterman, managing director of research firm S3 Partners. The stock’s 澳洲幸运5官方开奖结果体彩网:Relative Strength Index recently broke above 70, a threshold that signals to many 澳洲幸运5官方开奖结果体彩网:momentum traders a stock has ri🌸sen too much, too fast. 

The last time Tesla’s RSI exceeded 70 was in December 2024 after shares soared to an all-time high following President Donald Trump’s re-election. That preceded a three-month slump that slashed the stock’s price in half, though there were several clear reasons for that: CEO Elon Musk’s government work 澳洲幸运5官方开奖结果体彩网:stoked controversy, while 澳洲幸运5官方开奖结果体彩网:sales slumped and tariff uncertainty 澳洲幸运5官方开奖结果体彩网:rattled the entire stock market.)

Other technical signals also suggest a pullback could be in the offing. Tesla shares recently climbed above the upper 澳洲幸运5官方开奖结果体彩网:Bollinger band, Unterman said, another sign that feverish buying has driven a stock's price higher. That kind of rally is often followed by a modest correction a💦s traders and long-term investors lock in profits.

Tesla’s 澳洲幸运5官方开奖结果体彩网:short interest has hovered between 2.7% and 2.9% since shares hit tꦫheir year-to-date low in Mꦯarch. Unterman is watching short interest, which he says could increase selling pressure if it breaks above 3%.

“With multiple technical signals aligning—RSI overbought, Bollinger Band breakout, and stable but elevated short interest—Tesla may be approaching a tactical inflection point," Unterman wrote. "If short interest breaks higher, the setup favors increased selling pressure and a potential near-term pullback."

Tesla shares closedℱ higher for the sixth consecutive day on Wednesday, gaining 4% to around $ಞ348. The rally has shrunk the stock’s year-to-date loss from 45% to about 14%. 

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Online Trading Platform eToro Stock Jumps After IPO

Shares of eToro (ETOR) are 💖flying after the Israel-based retail trading platform made its public debut on the Nasdaꦚq. 

The stock recently traded around around $70, about 35% above its 澳洲幸运5官方开奖结果体彩网:initial public offering price of $52 per share. The Robinhood (HOOD) rival sold just under 6 million shares, generating roughly $310 million in proceeds. The $52 IPO price was above eToro’s target range of 澳洲幸运5官方开奖结果体彩网:$46 to $50 per share.

In 2024, eToro 澳洲幸运5官方开奖结果体彩网:reported commissions of $931 million on net income of $192 million, rising from $639 million in commissions on net income of $15 million the year before. A big reason for that was an increase in crypto assets trading, which made up 38% of eToro’s commissions in 2024, more than 🅠doubling from 2023, according to its IPO filing.

The IPO was not eToro’s first attempt to go public. The company in 2021 said it planned to merge with a 澳洲幸运5官方开奖结果体彩网:special purpos🧸e acquisition company in a deal that w🍸ould have valued it at more than $10 billion, but the transaction was abandoned more than a year later.

Another fintech firm, Chime, earlier announced plans for an IPO, one of several 澳洲幸运5官方开奖结果体彩网:expected in the space.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Why Nuclear Stock Oklo Has Popped 30% This Week

Shares of Oklo (OKLO) soared by double digits for t🦄he second day in a row Wednesday after the nuclear technology company announced “a significant step forward” in constructinꦚg its first nuclear power plant. 

Oklo shares soared as much as 22% in early trading on Wednesday before pullinꦑg back to trade up about 15%. The stock has risen more than 30% this week. 

Shares jumped nearly 11% yesterday after the company said it had “completed borehole drilling for site characterization work” at a site in Idaho, where it is exploring building its first fast-fission nuclear plant. Oklo, in its first-quarter earnings report released Tuesday, said it aimed to begin operations at the plant by late 2027 or early 2028.

Oklo, which generated no revenue in the quarter, reported an operating loss of $17.9 million, a 142% increase year over year. About $4 million in investment income and a $4 million income ta🎶x benefit helped narrow the company’s net loss to $9.8 million from $24 million a year ago.

Demand for nuclear energy is soaring as tech giants bring online data centers that demand massive amounts of electricity to train and run artificial intelligence. Leading AI and cloud providers such as 澳洲幸运5官方开奖结果体彩网:Microsoft (MSFT), Amazon (AMZN), and Meta (META) have coജmmitted to investing in nuclear energy🎶 as they seek low-carbon, efficient power sources. 

Nuclear power providers like Oklo, Constellation Energy Group (CEG), Vistra (VST), and NuScale Power (SMR) have been among the biggest winners in Wall Street’s AI craze. Shares of Constellation and Vistra have risen 31% and 68%, r♌espectively, in the last 12 months. Oklo and NuScale, two smaller players, have seen their stocks triple in value over that period.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

UnitedHealth Stabilizes After Yesterday's Sell-Off

Shares of UnitedHealth Group (UNH) rebounded modestly after 澳洲幸运5官方开奖结果体彩网:plunging 18% Tuesday as the health insurance provider withdrew its guidance bไecause of rising costs and CEO Andrew Witty step🌃ped down.

The shares were likely getting a boost from supportive comments from several analysts who didn't change their ratings on the stock, although they did lower their price targets.

UBS kept its "buy" rating, saying th🐼at it continues "to believe the assets and identification of issues will ultimately lead to a return to growth, albeit on a longer timeline than anticipated." UBS dropped its price target to $400 from $525.

Oppenheimer analysts retained their "澳洲幸运5官方开奖结果体彩网:outperform" ratin🐎g, writing that "we do believe the timing of these issues should allow for margin recapture in 2026. With a long and successful track record, we expect UNH to get back on🌠 track," adding they would be long-term buyers. Oppenheimer's price target also is $400, down from $600.

Morgan Stanley analysts stuck with their "澳洲幸运5官方开奖结果体彩网:overweight" rating, arguing that after talking with UnitedHealth executives, "we feel somewhat more confident that the guidance pull is predominantly driven by incremental cost pressure in the [澳洲幸运5官方开奖结果体彩网:Medicare Advantage] book which acꦉcelerated in April🔯, as opposed to potentially longer term or more structural issues across OptumHealth." The analysts also believe that Witty's replacement, former CEO Stephen Hemsley, "is the most appropriate person to step in as CEO at this juncture in light of the recent setbacks." Morgan Stanley set the new price target at $374 from $563.

UnitedHealth shares were up 0.5% at around $313 in recent trading, after tumbl𓂃ing to their lowest level in four years yest🍒erday. The stock, a Dow component, is down about 38% so far in 2025.

-澳洲幸运5官方开奖结果体彩网:Bill McColl

AMD Shares Jump on News of New $6 Billion Buyback Plan

Advanced Micro Devices (AMD) shares jumped Wednesday, as the chip designer said its board approved a fresh $6 billion share repurchase plan, boosting its buyback programꦐ to $10 billion.

“Our e✅xpanded share repurchase program reflects the Board’s confidence in AMD’s strategic direction, growth prospects, and ability to consistently generate strong free cash flow,” AMD CEO Lisa Su said. 

The stock was up over 5% in recent trading, extending Tuesday's gains after the company announced a partnership with Saudi Arabian AI startup Humain. AMD was top-performing stock in the the Nasdaq Composite around midday.

AMD and rival Nvidia (NVDA) on Tuesday said 澳洲幸运5官方开奖结果体彩网:they would supply semiconductors to Saudi Arabian AI startup Humain, as part of 澳洲幸运5官方开奖结果体彩网:initiatives announced as President Donald Trump kicked off a fღour-day trip to the Middle East. Shares of Nvidia were also higher Wednesday, as several A♔I stocks gained amid expectations the partnerships could lead to more deals.

As part of AMD's partnership with Humain, the companies said they plan to invest up to $10 billion over the next five years to build out AI computing centers "stretching from the Kingdom of Saudi Arabia to the United States."

With this week's gains, AMD shares are close to recovering their year-to-date losses, but they've still lost more than one-fifth of their value over the past 12 months.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Supermicro Soars, Adding to Yesterday's Huge Gains

Super Micro Computer (SMCI) shares soared Wednesday, extending gains as AI stocks rallied on the heels of new Saudi partnerships announced as President Trump 澳洲幸运5官方开奖结果体彩网:kicked off a four-day trip to the M💙iddle Eas🅺t. 

Shares of Supermicro were up 19% in recent trading, after rising 16% Tues🎐day. The stock has now gained about 50% since the start of 2025.

Wednesday's jump comes after Supermicro late Tuesday announced a $20 billion deal with Saudi Arabian data center company DataVolt. Supermicro partners Nvidia (NVDA) and Advanced Micro Devices (AMD) also saw their shares rise after 澳洲幸运5官方开奖结果体彩网:announcing deals Tuesday with 🥀Humain, an AI subsidiary of Saudi Arabia’s sovereign wealth fund.

Raymond James analysts 澳洲幸运5官方开奖结果体彩网:initiated coverage of Supermicro earlier this week with an “outperform” rating, called Supermicro a “market leader in AI-optimized infrastructure,” in a note to clients. The company has 9% of the $145 billion AI platform🎃 market, which could climb, the analysts said.

Supermicro shares have been volatile over the past year, amid concerns about its accounting practices and 澳洲幸运5官方开奖结果体彩网:downward forecast revisions. In February, the company 澳洲幸运5官方开奖结果体彩网:narrowly avoided being delis꧅ted for delinquent financial filings.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

American Eagle Sinks as Retailer Pulls Outlook

American Eagle Outfitters (AEO) stock tumbled early Wednesday, a day after the clothing retailer 澳洲幸运5官方开奖结果体彩网:pulled its full-year outlook and❀ JPMorgan analysts responded by lowering their price target.

The analysts kept their "neutral" rating, but lowered their price target to $9 from $10. The rating is in line with most other analysts tracked by Visible Alpha, but the price target is now further below the $14.83 average.

American Eagle shares were down 7%🥃 at $11.80 in recent trading.

In preliminary results released after the bell Tuesday, the company said first-quarter revenue is expected to be down 5% year-over-year, while comparable store sales are seen down 3%. The retailer also withdrew its full-year forecasts "due to macro uncertainty and as management reviews forward plans in the context of first quarter results."

JPMorgan analysts cut their revenue and margin estimates in response, as they said that American Eagle's sales were in line with the 澳洲幸运5官方开奖结果体彩网:company's previous forecasts, but noted that there were some unexpected weak spots, like soft apparel such as fleece from the company's Aerie bran𝓀d.

The cost to make fleece products rose in the quarter, and executives said an expected increase in average unit retail from the category "ultimately did not come to fruition as consumers showed resistance on price," the analysts wrote.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Dow, Nasdaq Composite Almost Back to Positive for 2025

The S&P 500 on Tuesday moved 澳洲幸运5官方开奖结果体彩网:back into positive territory for 2025. The Dow Jones Industrial 🌳Average and Nasdaq ꦬComposite aren't far behind.

Coming into today's session, the S&P 500 was up 0.1% since the start of the year. The benchmark index had gained 22% from its early-April low.

The Dow had narrowed its year-to-date decline to 1% through Tuesday's close, while the Nasdaq was down 1.6% since the start of the year. The Dow has risen 15% since hitting its low early last month, while the Nasdaq has soared 29% since its low.

Nvidia Levels to Watch as Stock Continues Surging

Nvidia (NVDA) shares were gaining ground this morning after the AI favorite 澳洲幸运5官方开奖结果体彩网:returned to the $3 trillion 🐲market cap club on Tuesday following the announcement of a major partnersh💯ip with a state-backed Saudi Arabian AI comp✤any.

Nvidia shares lost more than 40% of their value between February and April amid concerns that 澳洲幸运5官方开奖结果体彩网:moderating AI spending and the Trump admin🌞istration’s trade policies could weigh on the company's sales. However, through yesterday's close, the stock had rallied 50% from last month's low.

Nvidia shares were up nearly 3🔯% at around $134 in recent premarket trading.

Nvidia shares have trended sharply higher after breaking out from a falling wedge pattern last month, with the price staging a decisive close above the 澳洲幸运5官方开奖结果体彩网:200-day moving average in Tuesday’s trading session. It’s also worth pointing out that yesterday’s move occurred on the highest volumeꦛ in several weeks, signaling increased interest in the chipmaker’s stock

While the 澳洲幸运5官方开奖结果体彩网:relative strength index confirms bullish momentum with a reading just below the 70 threshold, the indicator also cautions nearing 澳洲幸运5官方开奖结果体彩网:overbought conditions, which could lead to short-term pro🧸fit-taking.

Investors should watch crucial overhead areas on Nvidia's chart around $130 and $150, while also monitoring important support levels near $115 and $96. While the stock is indicated to open above that first overhead level, it may provide resistance near a 澳洲幸运5官方开奖结果体彩网:horizontal line that links a series of 澳洲幸运5官方开奖结果体彩网:peaks and troughs&nbs♔p;on the chart stretching back to last Augus𓃲t.

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 Index Futures Up Slightly

Futures tied to the Dow Jones Induꩲstrial Average were ཧup 0.1%.

S&P 500 futures rose 0.3%.

Nasdaq 100 futures added 0.4%.