Biggest S&P 500 Movers on Thursday

Decliners

• Shares of renewable energy companies plummeted as the bill approved by the House would essentially 澳洲幸运5官方开奖结果体彩网:eliminate an array of clean energy initiat🔜ives enacted during the Biden administration. The legislation includes a phase-out of tax credits for wind and solar projects in 2029, years earlier than a previous version of the bill. Shares of solar equipment maker Enphase Energy (ENPH) plunged 19.6%, losing the most of any S&P 500 stock on Thursday. Shares of renewables-focused power generator NextEra Energy (NEE) were down 6.4%.
• The Centers for Medicare & Medicaid Services (CMS) said it well step up its audits of Medicare Advantage plans, in line with efforts to target fraud, waste, and abuse in federal health care programs. Shares of major health insurers came under pressure following the announcement. Humana (HUM) stock dropped 7.6% on Thursday.
• Williams-Sonoma (WSM) reported better-than-expected quarterly sales and profits, but its 澳洲幸运5官方开奖结果体彩网:gross margin✨s came in below forecasts. Shares of the cookware and home goods retailer declined 4.5%. The home to Pottery Barn, West Elm, and its namesake stores left its full-year outlook intact, even as it cited incremental costs related to the current tariff environment.

Advancers

• The surging price of bitcoin helped 澳洲幸运5官方开奖结果体彩网:lift cryptocurrency-related stocks. Shares of Coinbase Global (COIN), operator of the largest U.S.-based crypto exchange by volume, jumped 5% to secure the top performance in the S&P 500 on Thursday.

• Seagate Technology Holdings (STX) announced that its board of directors has authorized up to $5 billion in 澳洲幸运5官方开奖结果体彩网:stock buybacks, and shares of the data storage provider advanced 4.2%. Seagate's repurchase plan provides the firm with some flexibility, allowing for shares to be bought through various types of transactions and at adjustable intervals to align with the company's cash flow and capital requirements.
• United Airlines (UAL) shares climbed 3.6% on Thursday. Although United stock had been trending downward for several sessions in line with the broader markets, it opened the trading week on a positive note after an upgrade by UBS on Monday. Analysts suggested that improvements in the global economic outlook, given the 90-day pause in U.S.-China tariffs, could increase the resilience of the carrier's international and premium revenues.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Hinge Health Finishes 1st Trading Session Above IPO Price

Shares of Hinge Health, a digital physical therapy provider, finished th♑eir first day of trading above their IPO price 𒅌but down slightly from where they opened.

Hinge, which now trades on the New York Stock Exchange using the ticker "HNGE," had priced its 澳洲幸运5官方开奖结果体彩网:initial public offering (IPO) at $32 per share, at the higher end of i𝓰ts estimated range of $28 to $32. The shares, opened at $39.25 before finishing at $37.56 Thursday. At its intraday high, the stock traded at over $40.

Hinge sold 8.52 million shares in the offering, raising roughly $273ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ milli🤪on in proceeds.

The San Francisco-based company saw first-quarter net income of $17.1 million on revenue that jumped 50% year-over-year to $123.8 million, according to its 澳洲幸运5官方开奖结果体彩网:prospectus filing with the Securities and Exchange Commissio༺n.4

Demand of Hinge Health’s shares, along with that for those of Ryan Reynolds-based MNTN, which also 澳洲幸运5官方开奖结果体彩网:debuted Thursday, could point to improving investor appetite for new listings. The market for IPOs picked up in 2024 but failed to catch up to its 澳洲幸运5官方开奖结果体彩网:peak in 2021.

-澳洲幸运5官方开奖结果体彩网:Kara Greenberg

Quantum Computing Stocks Skyrocketed on Thursday

Shares of quantum computing companies soared Thursday, led by IonQ (IONQ), whose chief executive said it aims to become the Nvidia (NVDA) of quantum computing. 

IonQ shares popped close to 37% after CEO Niccolo de Masi said in an interview with Barron’s that his company is “in the business of quantum just like Nvidia and Broadcom are in the business of classical GPUs,” adding “I believe IonQ will be the Nvidia player."

"There will be other people that copy us and follow us; they have always copied and followed us,” de Masi reportedly said.

Meanwhile, D-Wave Quantum (QBTS) stock jumped 24%. The company on Tuesday had unveiled its 澳洲幸运5官方开奖结果体彩网:newest quantum computer, sending shares higher earlier in the we♛ek. CEO Alan Baratz said D-Wave’s machine, known as Advantage2, “marks a significant milestone not juꦓst for D-Wave, but for the quantum computing industry as a whole.”

Rigetti Computing (RGTI) also rose Thursday, adding 26%, while Quantum Computing (QUBT) climbed more than 14%.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Urban Outfitters Stock Soars to All-Time High

Shares of Urban Outfitters (URBN) surged to a record high Thursday after the retailer's first-quarter results came i🌟n handily above estimates.

First-quarter sales rose 10.7% year-over-year to $1.33 billion, while earnings per share cam🎃e in at $1.16, well above the $0.81 analyst consensus compiled by Visib✤le Alpha.

The retailer's comparable store sales rose by 4.8% from the same time a year ago, better than the 3.2% growth analysts had forecast. Comparable sales grew at each of the company's brands, rising 2.1% at Urban Outfitters, 6.9% at Anthropologie, and 3.1% at Free People. All three were better than expected, as analysts had forecast a 1.4% drop in comparable sales at Urban Outfitters stores.

“Our success was driven by positive sales growth and improved profitability across all brands and segments," CEO Richard Hayne said. "We believe these results demonstrate the strength of our brands and the effectiveness of our strategy, giving us confidence in URBN’s continued success."

Following the report, JPMorgan analysts upgraded Urban Outfitters stock to "overweight," and lifted their price target to $78 from $63 previously. The analysts noted that it was the first quarter in three years that comparable store sales rose across all three of its largest brands.

Urban Outfitters shares jumped 23% to close today's session at $73.29. The stock has gained 85% over the past 12 months.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Williams-Sonoma Stock Slides After Earnings

Shares of Williams-Sonoma Inc. (WSM) fell Thursday as the retailer posted better-than-expected quarterly earnings and revenue but missed analysts' estimates on its 澳洲幸运5官方开奖结果体彩网:gross margins.

The company behind retail brands including Pottery Barn, West Elm and its namesake stores, reported 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.85, better than the $1.73 analysts polled by Visible Alpha had expected. Total revenue of $1ꦚ.73 billion was also above estimates of $1.66 billi🌸on.

Williams-Sonoma reiterated its fi🍸scal 2025 outlook, “even with absorbing incremental costs from the existing tariff environment,” it said. The company sees full-year revenue rangi♌ng from down 1.5% to up 1.5%, with comparable sales expected to be flat to up 3%.

Citigroup analysts reiterated their neutral call on the stock and $155 price target, but noted that the company's gross margins were below estimates and "saw outsized merchandising margin pressure." Williams-Sonoma said its first-quarter gross margins were down by 60 澳洲幸运5官方开奖结果体彩网:basis points.

"We're not surprised to see some share weakness in light of the margin miss," the Citi analysts said, adding that "WSM shares have rallied considerably since the S&P 500 low in early April."

The company expressed confidence in meeting future challenges. "There is no doubt that existing macroeconomic and geopolitical uncertainties are a focal point for the market,” CEO Laura Alber said. “But volatility is not new in our industry, and we are confident in our ability to adapt and navigate whatever lies ahead.”

William-Sonoma sh⛦ares were dℱown about 4% in late trading Thursday. The stock has lost 13% of its value since the start of the year.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Humana Falls as US to Step Up Medicare Advantage Audits

Shares of Humana (HUM) and other health insurers fell Thursday after the Centers for Medicare & Medicaid Services s🐲aid it plans to take a more "aggressive" approach to auditing Medicare Advantage plans.

The agency said it will undergo a "significant expansion" of its auditing efforts and audit all eligible Medicare Advantage plan contracts for each payment year, as well as invest more resources to complete audits faster.

“W💟e are committed to crushing fraud, waste and abuse across all federal healthcare programs,” CMS Administrator Mehmet Oz said. “While the Administration values the work that Medicare Advantage plans do, it is time CMS faithfully executes its duty to audit these💝 plans.”

Shares of Humana, which 澳洲幸运5官方开奖结果体彩网:offers Medicare Advantage plans, declined over 5% in recent trading. Aetna parent CVS Health (CVS) was down 3%, while UnitedHealth Group (UNH) and Cigna (CI) each declined about 1%.

In a post on X, UnitedHealth said, “We welcome CMS’s announcement to audit꧟ every Medicare Advantage plan each year.”

 Humana, CVS, and Cigna did not immediately respond to a request for comment🔜. 

UnitedHealth's move extends losses Wednesday amid worries about 澳洲幸运5官方开奖结果体彩网:potential cuts to Medicare, and a report from The Guardian alleging the insurer paid  澳洲幸运5官方开奖结果体彩网:secret bonuses to nursing homes in order🔴 to rꦫeduce hospital transfers for residents and lower costs.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Solar Stocks Slide as Tax Bill Slashes Green Subsidies

Renewable energy stocks tumbled after the House of Representatives passed a tax bill that effectively nullifies many Biden-era green energy initiatives, a move seen as deeply damagi🐻ng to𝕴 the solar sector.

Shares of SunRun (RUN) plunged 40%, while Enphase Energy (ENPH) dropped 19% to lead S&P 500 decliners. NextEra Energy (NEE) stock slid 9%, and First Solar (FSLR) was off about 5%. 

The House on Thursday morning passed 澳洲幸运5官方开奖结果体彩网:a tax and spending bill that would end tax credits for wind and solar projects in 2029, years earlier than a previous version of the bill. The bill also requires proje𝄹cts to begin construction within 60 days of the bill’s passage to qualify for those credits, a next-to-impossible timeline for an🍃y infrastructure project. 

Jefferies analysts in a note Thursday called the bill a “sledgehammer” to the 澳洲幸运5官方开奖结果体彩网:Inflation Reduction Act, 2022 legislation𒀰 that established tax incentives to spur clean energy investment. The bill makes claiming most IRA tax credits “truly untenable,” Jefferies said, and is a “worse than feared” outcome for the solar industry.1

SunRun was particularly hard hit by a last-minute addition that excludes companies that rent residential solar equipment to cu💙stomers from earning certain tax credits. 

The bill now moves to the Senate. Jefferies expects the Senate to focus on Foreign Entity of Concern (FEOC) language, which restricts tax benefits for companies with supposed ties to hos🐼tile governments, and the phaseout ti🌺meline of clean electricity credits. 

Jefferies expects the stocks of dไomestic solar companies like First Solar to outperform competitors due to the House bill’s more aggressive FEOC language. However, the entire industry may be “adrift” for weeks before the Senate releases its own𒈔 markup of the bill, its analysts wrote.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

UnitedHealth Levels to Watch as Stock Still Under Pressure

UnitedHealth Group (UNH) shares continued losing ground this morning after tumbling yesterday following a report accusing the company of 澳洲幸运5官方开奖结果体彩网:paying secret bonuses to nursing homes.

Adding to pressures facing the embattled health insurance giant and others in the sector, the Centers for Medicare & Medicaid Services said it plans a "澳洲幸运5官方开奖结果体彩网:significant expansion" of its auditing efforts for Medicare Advantage plan🍌s.

Since reaching their April high, UnitedHealth shares have lost about half their value, weighed down by multiple challenges—including a Justice Department inve𒉰stigation of the heath insurer for Medicare f𒅌raud, its 澳洲幸运5官方开奖结果体彩网:CEO’s abrupt departure๊, and the company's with🎐drawal of its full-year guidance.

Since UnitedHealth’s countertrend rally ended in early April, the stock moved lower for five consecutive weeks, coinciding with the 澳洲幸运5官方开奖结果体彩网:relative strength index sliding into oversold territory. 

The stock 澳洲幸运5官方开奖结果体彩网:rallied earlier this week, but has since pared most of those gains to form a 澳洲幸运5官方开奖结果体彩网:gravestone doji. While chart watchers typically associate it as a bearish 澳洲幸运5官方开奖结果体彩网:candlestick pattern, a gravestone doji can also indicate a bullish reversal, especially if it emerges after an extended 澳洲幸运5官方开奖结果体彩网:downtrend, such as on UnitedHealth’s chart.

It’s worth pointing out that 澳洲幸运5官方开奖结果体彩网:trading volume has surged over the past two weeks, potentially signaling 澳洲幸运5官方开奖结果体彩网:capitulation sell♌ing, an event that can mark the end of a steep decline.

Investors should watch key support levels on UnitedHealth's chart around $292 and $249, while also monitoring resistance levels near $325 and $365.

The s🐟tock was down nearly 1% at just above $300 in recent trading.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

This Chip Stock is Soaring on an Nvidia Partnership

The N𒁃vidia fairy dust worked its magic on another obscure tech stock on Thursday.ꦑ 

Shares of Navitas Semiconductor (NVTS) more than doubled in value after the company announced it would partner with Nvidia (NVDA) to develop “high-effic🐟iency, scalable power delivery for next-generation AI workloa๊ds.”

Navitas,💫 which bills itself as “the only pure-play, next-generation power-semiconductor company,” reported revenue of $83.3 million last year, and booked a net loss of about $84.6 million, or 46 cents a share.

The company went public via 澳洲幸运5官方开奖结果体彩网:SPAC merger in October 2021 at a price of nearly $13. After hitting an all-time high of $20 that November, shares slumped and on Wednesday close🔴d at $1.91, about 30 cents above their all-time low from earlier this year. 

Navitas was just one of several companies Nvidia named as a partner when it unveiled a new power distribution architecture on Tuesday in an announcement that largely flew under Wall Street's radar. The company said it was also working with chipmakers Infineon (IFNNY) and Texas Instruments (TXN), as well as power company Eaton (ETN) and data center service provider Vertiv (VRT).

Navitas is far from the first obscure company to be thrust into the spotlight by an Nvidia affiliation. Shares of Serve Robotics (SERV) nearly tripled in value in one day last year after Nvidia 澳洲幸运5官方开奖结果体彩网:disclosed a 10% stake in the robotics company. Chinese autonomous driving company WeRide (WRD) 澳洲幸运5官方开奖结果体彩网:got a similar boost from an Nvidia investment earlier this year.&nbs💛p;

Shares of Navitas were up more than 120% at $4.24 in recent trading. Thursday's pop moved the stock into positive territory for the year.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Advance Auto Parts Stock Soars on Strong Results, Outlook

Advance Auto Parts (AAP) shares skyrocketed Thursday morning af♏ter the company maintained its full-year outlook despite the impact of tariffs.

The retailer posted a first-quarter adjusted loss of 22 cents per share, far smaller than the Visible Alpha consensus expectation of an adjusted loss of 78 cents per share. Net sales of $2.58 billion fell 7% year-over-year but the result also was better than analysts' estimates. 

Advance Auto Parts affirmed its full-year adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) outlook of $1.50 to $2.50 on net sales from continuing operations of $8.4 billion to $8.6 billion, both higher than what analysts projected. Th꧋e "guidance assumes current tariffs remain in place for the remainder of 2025," the company said.

CEO Shane O'Kelly attributed the reiterated outlook to the retailer's "performance to date, expected progress on our strategic initiatives for the balance of the year and our planned mitigation actions for the tariffs currently in effect." Advance Auto Parts imports some parts from Canada, China, and Mexico.

Advance Auto Parts shares were up 47% in recent trading. Despite the surge, the stock is still in negative꧂ territory for 2025.

-澳洲幸运5官方开奖结果体彩网:Andrew Kessel

Nike Set to Resume Selling on Amazon, Raise Prices

Nike (NKE) is resuming the sale of its products on Amazon (AMZN), with the sportswear giant also reportedly set to hike prices amid President Donald Trump's tariffs.

Nike stopped selling its clothes and sneakers directly on Amazon in 2019 so it could focus on its direct business amid concerns about counterfeit products on Amazon's third-party marketplace, CNBC noted.

“While independent sellers have listed some Nike inventory in our store for many years, Amazon will soon begin sourcing a much wider range of Nike products directly to expand our selection for U.S. customers," an Amazon spokesperson said in a statement to Investopedia. "We value independent sellers, and we’re providing an extended period of time for the small number of sellers affected to sell through their inventory of overlapping items.”

Nike didn't immediately respond to a request for comment. The Information was the first to report Nike’s plan toജ sell on Amazon for the first time since 2019.

Nike, which sources most of its footwear from China and Vietnam, also plans to raise retail prices at its U.S. stores between $2 and $10 on average, Women’s Wear Daily reported. The company’s hit Air Force 1 sneakers a🌱nd children’s lines won’t face price hikes, the report said.

Shares of Nike were up nearly 2% in early trading. The stock, a Dow component, has lost nearly a fifth of it🐷s value since the start of the year.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Bitcoin Levels to Watch as Cryptocurrency Keeps Surging

Bitcoin (BTCUSD) surged above $110,000 澳洲幸运5官方开奖结果体彩网:for the first time on Wednesday, surpassing its previous record set just be🐓fore President Donald Trump's January inauguration, and has continued moving🐓 higher this morning.

The cryptocurrency gathered momentum after the Senate on Monday voted to advance a bill that establishes a regulatory framework for 澳洲幸运5官方开奖结果体彩网:stablecoins and JPMorgan Chase CEO Jamie Dimon, a loꦫngtime crypto skeptic, said the bank would allow clients to buy bit🥃coin. 

The digital asset has also received a boost recently from growing demand from corporate treasuries. Michael Saylor’s Strategy (MSTR), which popularized the idea, 🎃purchased an additional $765 mil🎉lion worth of Bitcoin last week, brin🦂ging the value of its holdings in the cryptocurrenc𝐆y to more than $63 billion. 

These latest developments reinforce expectations that Washington remains committed to developing a crypto-friendly regulatory framework and highlight the accelerating corporate acceptance 🌌of digital assets.

Since bottoming out last month, bitcoin’s price has trended higher within a 澳洲幸运5官方开奖结果体彩网:rising wedge, a chart pattern that signals a potential reversal upon a breakdown. Moreover, it’s worth pointing out the move higher has occurred on decline 澳洲幸运5官方开奖结果体彩网:trading volume, indicating that larger market participants may r💜emain on the sideline♈s.

However, more recently, the price has edged toward the pattern’s upper trendline in a move that has coincided with the 澳洲幸运5官方开奖结果体彩网:relative strength index crossing into overbought territory. In another win for BTC bulls, the 澳洲幸运5官方开奖结果体彩网:50-day moving average crossed above the 200-day MA on Wednesday to form a 澳洲幸运5官方开奖结果体彩网:golden cross, a chart event indicating further upside.

Bars pattern analysis projects a bullish price target of around $120,000. Investors should also monitor crucial support levels on bitcoin's chart around $107,000, $100,000, and $92,000.

Bitcoin was trading at $111,300 recently, after hitting a fresh high ﷽of just under $112,000 this morning.

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 Point to Lower Open

Futures tied to the Dow Jones I💦ndustrial Average were down 0.5%.

S&P 500 futures were off 0.4%.

Nasdaq 100 futures also declined 0.4%.