30-Second US Stock Market Review of Jan 7th

Twelve_E
01-08

$NVIDIA(NVDA)$ down 6% as highly skewed call options unwound after the anticipated recent keynote speech from the company’s CEO.

$Aurora Innovation(AUR)$ up 29% after the company announced a partnership with $NVDA, with Nvidia’s DRIVE Thor and DriveOS to be integrated into the Aurora Driver.

$Rigetti Computing(RGTI)$ $IONQ Inc.(IONQ)$ down 5% and 3% respectively after $NVDA’s CEO made comments on quantum computing, stating it will take many years to come to fruition.

$Palantir Technologies Inc.(PLTR)$ down 7% as a sell-off sustained following Morgan Stanley’s downgrade of the stock. $SOUN down 9% following the announcement of the company’s first in-vehicle voice assistant with on-the-go- food ordering.

$Carvana Co.(CVNA)$ up 5% after RBC Capital upgraded the stock to “Outperform” and raised its price target to $280.

$FRONTLINE PLC(FRO)$ up 11% after President Elect Trump commented on the Panama Canal and proposed that it should fall under US control again.

$MARA Holdings(MARA)$ up 11% as bird fllu concerns rose after the US reported the first death from the virus.

$MicroStrategy(MSTR)$ down 10% as Bitcoin fell to $96K.

$Serve Robotics Inc.(SERV)$ down 18% after the company announced an $80M registered direct offering of common stock.

Market News

ISM non-manufacturing prices for December were 64.4 vs 57.5 expectations which led to market volatility Tuesday.

The 10-year treasury note yield reached a high of 4.7% on Tuesday.

Upcoming Events 1/8/25

Initial / Continuing Jobless Claims FOMC Meeting Minutes

Earnings: $Acuity(AYI)$ , $Simply Good Foods Company(SMPL)$ , $MSC Industrial Direct(MSM)$ , $Helen Of Troy(HELE)$ , $AngioDynamics(ANGO)$ , $Albertsons Companies, Inc.(ACI)$ , $UniFirst(UNF)$ , $Radius Recycling(RDUS)$ , $Jefferies Financial Group Inc.(JEF)$ , $Saratoga Investment(SAR)$ , $Penguin Solutions, Inc.(PENG)$ $Greenbrier(GBX)$ $Franklin Covey(FC)$

Trump to End Chip Restriction: Can Nvidia Break $120?
Nvidia shares climb as Trump administration prepares to end chip export restrictions. Microsoft's earnings report last week showed strong performance in its cloud and AI businesses, along with robust guidance—AI demand remains greater than supply. Is the crisis now over? Could Nvidia break $120?
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Comments

  • koolgal
    01-10
    koolgal
    Thanks for your informative update 😍😍😍
  • koolgal
    01-10
    koolgal
    Have a wonderful weekend 🏝️🏝️🏝️
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