Market Overview
U.S. stocks were mixed after recent record highs, as investors paused to reassess market risks.
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Indexes & Sectors
Major Indexes: S&P 500 flat, Nasdaq slightly lower, Dow slightly higher, Russell 2000 slightly lower
Leading Sectors: Energy, Consumer Staples, Industrial, Utilities
Lagging Sectors: Technology
Economic Calendar
Time (ET) | Report | Actual | Forecast | Previous |
|---|---|---|---|---|
8:50am | ADP employment (Dec.) | 48.000 | -32,000 | |
10:00am | ISM services index (Dec.) | 52.2% | 52.6% | |
10:00am | Job openings (Nov.) | 7.6 million | 7.7 million | |
10:00am | U.S. factory orders (Oct.) | -1.2% | 0.2% | |
4:10pm | Fed Vice Chair for Supervision MIchelle Bowman speaks |
Stocks In The Spotlight
Monte Rosa Therapeutics (GLUE): Shares moved higher after the biotech reported encouraging early clinical results for an experimental drug aimed at treating inflammatory diseases.
Mobileye Global (MBLY): The stock jumped after Mobileye announced it will acquire a humanoid robotics company, expanding beyond self-driving technology.
AAR Corp (AIR): Shares rose after the aviation services company reported stronger-than-expected quarterly results and issued solid revenue guidance.
Penguin Solutions (PENG): The stock moved higher after the chipmaker beat profit expectations, even as revenue growth remained flat.
GameStop (GME): Shares gained after the company revealed a new CEO compensation plan tied to ambitious long-term growth goals.
Vera Therapeutics (VERA): Shares rose after the FDA accepted the company’s drug application for priority review, bringing it closer to potential approval.
Apogee Enterprises (APOG): The stock slipped after Apogee reported weaker-than-expected revenue and issued cautious full-year guidance.
MSC Industrial Direct (MSM): Shares edged higher after the company posted results that met revenue expectations and exceeded profit forecasts.
Ventyx Biosciences (VTYX): The stock surged after reports that Eli Lilly is in advanced talks to acquire the company.
Deckers Outdoor (DECK): Shares fell after an analyst downgraded the stock and lowered its price target.
Albertsons Companies (ACI): The stock declined after the grocer missed revenue expectations, citing heavy competition and aggressive holiday discounting.
Momentum Stocks
(Stocks showing elevated volume and notable price movement)
Gainers: SSNT
Losers: -
Today’s IPOs
Company | Ticker | Managers | Shares | Low | High | Volume |
|---|---|---|---|---|---|---|
Soren Acquisition Corp. | SORNU | BTIG | 22 million | 10.0 | 10.0 | $220.0 million |
Disclaimer: This newsletter is for informational purposes only and does not constitute investment advice. Readers should conduct their own research and consider consulting a financial professional before making investment decisions.