Risk Appetite Returns as Tech, AI Lead the Charge

Stock futures were higher Thursday as investors felt more at ease about global tensions and looked ahead to an important inflation report.

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Major Indexes: S&P 500 higher, Nasdaq higher, Dow higher, Russell 2000 higher

Leading Sectors: Technology, Communication Services, Consumer Discretionary

Lagging Sectors: Energy, Health Care

McCormick (MKC): The spice maker posted weaker earnings than expected, despite slightly higher revenue, disappointing investors.

Abbott Laboratories (ABT): The stock declined after the company issued revenue and earnings guidance that came in below Wall Street expectations.

Alibaba (BABA): Shares rose following reports that Alibaba may spin off and take public its AI chip unit.

Corcept Therapeutics (CORT): The stock surged after the company announced positive Phase 3 trial results showing improved survival in ovarian cancer patients.

Chip Stocks (MCHP, ON, TER, AMD): Semiconductor stocks broadly gained as investors showed renewed optimism ahead of earnings and industry updates.

Terrestrial Energy (IMSR): Shares jumped after the company secured a new agreement with the U.S. Department of Energy to speed up regulatory approval for its nuclear fuel project.

Lemonade (LMND): The company launched a new auto insurance product for self-driving vehicles, starting with Tesla users in select states.

Eagle Bancorp (EGBN): The company returned to profitability, exceeded revenue expectations, and reinstated a small dividend.

GE Aerospace (GE): The company beat quarterly earnings expectations and raised its long-term profit outlook, even as shares pulled back.

Procter & Gamble (PG): The company reported lower-than-expected revenue for the quarter, even though profits slightly beat estimates, which pressured the stock.

Mobileye Global (MBLY): Investors reacted negatively after the company gave a weaker outlook for the full year, even though its most recent quarter met or beat expectations.

GameStop (GME): The stock rose after CEO Ryan Cohen bought more shares, signalling confidence in the company.

Datadog (DDOG): The stock moved higher after an analyst upgrade, with expectations that the company will continue delivering strong growth.

Axogen (AXGN): Shares fell after the company announced a larger-than-expected stock offering to raise funds and pay down debt.

Venture Global (VG): Shares jumped after the company won a legal dispute with Repsol over a long-term liquefied natural gas contract.

Huntington Bancshares (HBAN): Shares fell after the bank reported lower earnings compared with last year and a slightly weaker interest margin.

Banc of California (BANC): The bank delivered strong earnings and revenue growth, supported by higher loan and deposit activity.

Pinnacle Financial Partners (PNFP): The company reported solid year-over-year growth but missed quarterly estimates; it also confirmed plans to complete its merger with Synovus.

Kinder Morgan (KMI): The company posted record quarterly results, raised its dividend, and issued growth-focused guidance for the coming year.

ACM Research (ACMR): The company updated its revenue outlook for the current year and issued strong initial guidance for next year ahead of earnings.

Novagold Resources (NG): The company reported a full-year loss and confirmed it increased its ownership stake in the Donlin Gold project.

Fulton Financial (FULT): The bank beat earnings and revenue expectations, highlighting improved profitability for the year.

(Stocks showing elevated volume and notable price movement)

Gainers: CGON, CRVS, HYMC, CMPO, MRNA, KRUS

Losers: MMYT, CEG, INTU, MNDY, FIG, FVRR

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.