Stock Market Overview
S&P 500: Started 2025 on a weak note after rising 23% in 2024, marking its second consecutive year with gains over 20%.
Major Stock Moves
Tesla (-6.1%): Missed Q4 delivery estimates (495,570 vs. 507,000 expected) and reported an annual sales decline. CEO Elon Musk said a Cybertruck explosion in Las Vegas was unrelated to the vehicle itself. Tesla gained 63% in 2024, boosted by Donald Trump’s election win.
Palantir (-0.6%): 2024's top S&P 500 stock (+340%) due to AI focus.
Vistra (+8.5%): Second-best 2024 performer (+258%).
Nvidia (+3%): Third-best (+171%).
Walgreens (-1.5%): Worst S&P 500 performer in 2024 (-64%), struggled with store closures despite buyout interest from Sycamore Partners.
Apple (-2.6%): UBS lowered iPhone sales estimates, predicting a 5% decline in revenue for the December quarter.
EV Makers
NIO (+4.4%): December sales rose 73%; 2024 sales up 39%.
Li Auto (+0.1%): Record December sales (58,513 vehicles); 2024 sales at 500,508.
XPeng (-2.3%): December sales surged 82%.
BYD (-4%): Sold 514,809 vehicles in December; 2024 sales up 41% to 4.3 million.
Other Highlights
SoFi (-8.3%): Downgraded by analysts to "Underperform," citing overvaluation despite a 58% gain in 2024.
Crypto-linked Stocks: MicroStrategy (+3.6%) and Coinbase (+3.6%) rose as Bitcoin gained 2.8% to $97,139.18.
Unity (+9.1%): Surged possibly due to a cryptic post by "Roaring Kitty" on X.
Cloudflare (+4.5%): Upgraded to "Buy" by Goldman Sachs due to AI enthusiasm and sales productivity.
Additional Performers
Constellation Energy (+8.4%): Secured $1B+ in government contracts.
Topgolf Callaway (+15%): Upgraded by Jefferies ahead of a spinoff, with a raised price target.
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