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Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker slipped 5% after reporting its first ever annual vehicle deliveries decline . Constellation Energy — Shares jumped 7% after the company secured a record-setting $1 billion in combined contracts to supply nuclear energy to the U.S. federal government. Crypto stocks — Crypto stocks rose as bitcoin climbed back above the $96,000 mark on Thursday. Uber , Norwegian Cruise Line — Shares of both companies moved higher after Goldman Sachs added the names to its "Conviction List" for January. Uber shares gained around 4%, while Norwegian rose more than 1%.
Persons: Tesla, Keith Gill, Dave Chappelle, Rick James ., James, Gill, bitcoin, MicroStrategy, Mara, Goldman Sachs, Uber, Jefferies, CNBC's Sean Conlon, Michelle Fox, Alex Harring, Pia Singh Organizations: Constellation Energy, Unity Software, GameStop, Spotify Technology, Technologies, Google, Edge, Synaptics, Astra, Nvidia, Loop Capital, Mara Holdings, Norwegian Cruise, Topgolf Callaway, Jefferies Locations: U.S, Canada, Australia, Norwegian
Check out the companies making headlines in midday trading: Intel — The struggling chip stock bounced into year-end, rising close to 1.2% in midday trading. Intel has plunged more than 60% in 2024, making the stock poised to see its worst year on record and be the second-worst performer in the S & P 500 . Nvidia — The artificial intelligence giant and retail investor favorite shed 1.3% as traders took profits as the trading year wraps up. With a rally of more than 170%, Nvidia is poised to be the third-best performer in the S & P 500 for 2024. Biohaven — The biopharmaceutical stock popped nearly 2% after director John Childs disclosed a purchase of 29,000 shares.
Persons: Sangamo, John Childs, Childs, Nutriband, Mark Strome, — CNBC's Sean Conlon, Yun Li, Pia Singh Organizations: Intel, Nvidia, Sangamo Therapeutics, Pfizer, Zivo Locations: Macao
Boeing — The aircraft stock shed 2% after South Korea ordered an inspection of all 737-800 planes operated by domestic carriers following the deadly Jeju Air crash over the weekend, which involved a plane of that model. Technology stocks — Tech stocks struggled Monday, with the S & P 500 sector losing 1%. Super Micro Computer — The technology stock shed 2% after Super Micro terminated its financing and securities agreement with the Taiwan affiliate of HSBC Bank. Crypto stocks — Stocks tied to bitcoin moved lower with the cryptocurrency Monday. Nvidia — The leading AI chipmaking stock added 1%, bucking the broader market downtrend and tech sell-off.
Persons: MicroStrategy, EQT, Stocks, bitcoin, Mara, Block, — CNBC's Sean Conlon, Alex Harring, Samantha Subin Organizations: Boeing, South, — Tech, Apple, Microsoft, Super Micro, HSBC Bank, Mara Holdings, Nvidia Locations: South Korea, Taiwan
Check out the companies making headlines in midday trading: Rigetti Computing — The quantum computing stock soared 10%, adding to the sector's robust end-of-year rally . Amedisys , UnitedHealth — Shares of Amedisys rose about 5%, while UnitedHealth stock was fractionally lower after the companies entered into a new waiver agreement, a filing revealed. It had previously traded higher early Friday morning as the price of bitcoin rose above $96,000. South Korea stocks — U.S.-listed shares of South Korean stocks retreated on Friday after lawmakers impeached acting President Han Duck-soo , ousting the nation's second head of state since a short-lived martial decree earlier this month. U.S.-listed shares of Korea Electric Power and Coupang shed 2%, while Posco Holdings and KT Corporation declined 1%.
Persons: bitcoin, Han Duck, — CNBC's Sean Conlon, Alex Harring Organizations: KULR Technology, Honda, Nissan, Red Cat Holdings, — U.S, South, Korea ETF, Korea Electric Power, Posco Holdings, KT Corporation Locations: Northeast, South Korea, Korea, U.S
Check out the companies making headlines in midday trading: American Airlines — Shares added 0.6%, recovering from earlier losses, after the airline temporarily grounded all of its flights due to a technical issue. Broadcom — The semi stock added 3.2%, extending its December rally. Citigroup and JPMorgan shares gained near 2% each, while Goldman Sachs jumped 2.1%. Arcadium Lithium — Shares rose nearly 6% after the company announced its shareholders have approved the $6.7 billion sale to Rio Tinto . Crypto stocks — Shares of stocks tied to the price of bitcoin rose as the cryptocurrency gave back recent losses amid a climb in tech names broadly.
Persons: Goldman Sachs, MicroStrategy, Joe Biden, — CNBC's Sean Conlon, Lisa Han, Tanaya Macheel, Alex Harring Organizations: American Airlines, Broadcom, Federal Reserve, Citigroup, JPMorgan, Consolidated Communications, Coinbase, Miners, . Steel, Japan's Nippon Steel, Apple Locations: Rio Tinto
Check out the companies making headlines in midday trading: Nordstrom — The department store shares dipped more than 1% after announcing it will become a private company. Nordstrom agreed to a buyout deal valued at roughly $6.25 billion from its founding family and Mexican department store El Puerto de Liverpool. Common shareholders will receive $24.25 in cash for each share of Nordstrom stock they hold. Honda — The stock surged more than 11% following the announcement that the company has entered into merger talks with fellow Japanese automaker Nissan. Traws Pharma — The clinical-stage virology company surged nearly 200% after showing progress in the development of its treatment for H5N1 bird flu.
Persons: Nordstrom, CagriSema, Prosus, Traws, tivoxavir marboxil, MicroStrategy, MicroStrategy's, — CNBC's Sean Conlon, Yun Li, Christina Cheddar Berk, Tanaya Macheel Organizations: El Puerto de Liverpool, Nordstrom, Novo Nordisk —, Honda, Nissan, Xerox, Traws Pharma, Nasdaq, Broadcom Locations: El Puerto, Argentina
Novo Nordisk — The stock jumped about 5%, rebounding from the nearly 18% losses seen in the previous session. Honda – U.S.-listed shares surged 15% after the company officially began merger talks with fellow Japanese automaker Nissan. Occidental Petroleum , Sirius XM , VeriSign — The stocks continued to rise in Monday's premarket after Warren Buffett disclosed last week that his Berkshire Hathaway conglomerate added to its stake in each name. Occidental and Sirius XM each climbed more than 2%, while VeriSign advanced 1.8%. Tesla slid 3.5% last week, which marked its worst weekly performance since before the U.S. presidential election.
Persons: Warren Buffett, Tesla, Despegar.com, Prosus, tivoxavir marboxil, Immunocore, CNBC's Sean Conlon, Christina Cheddar Berk Organizations: Novo Nordisk, Honda, Nissan, Xerox, Occidental Petroleum, Sirius XM, Berkshire Hathaway, U.S, Traws Pharma Locations: Honda – U.S, Monday's premarket, Berkshire, Argentina
Novo Nordisk — The stock slid 17% on the heels of the Danish pharmaceutical giant's experimental CagriSema weight loss drug posting weaker-than-expected late-stage trial results . Mission Produce — The avocado producer surged 20% after its fiscal fourth-quarter results topped Wall Street's estimates. U.S. Steel — The steel producer lost 3% after issuing fourth-quarter guidance that was weaker than expected. Occidental Petroleum , Sirius XM — Shares of the Houston-based energy producer jumped nearly 5%, while radio station operator Sirius XM popped 10%. Separately, fiscal second-quarter adjusted earnings of $4.05 per share topped LSEG consensus estimates of $3.90 a share.
Persons: Wells, Eli Lilly, Warren Buffett's Berkshire Hathaway, Donald Trump, Trump, LSEG, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Yun Li Organizations: JPMorgan, Bank of America, Consumer Financial, Novo Nordisk, . Steel, Occidental Petroleum, Sirius XM, Trump Media & Technology Group, Republican, FedEx — Locations: Wells Fargo, U.S, FactSet, Houston, Berkshire
Check out the companies making headlines before the bell: Salesforce — Shares rallied more than 12% after the enterprise software company posted a third-quarter revenue beat. Salesforce reported $9.44 billion in revenue, better than the $9.35 billion expected by analysts, according to LSEG. Pure Storage — Shares surged 21% after Pure Storage beat fiscal third-quarter estimates and highlighted it won a contract with a major tech company. Foot Locker — The stock sank nearly 15% after the sneaker giant posted an earnings and revenue miss. Chewy's $2.88 billion revenue came in line with estimates.
Persons: Salesforce, Jeff Davis, Charles Giancarlo, CNBC's, Piper Sandler, Locker, , Okta, Donald Trump Jr, LSEG, Campbell, Mick Beekhuizen, Roku, Needham, Laura Martin, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Pia Singh Organizations: Marvell Technology, Marvell, Wall, JPMorgan, PSQ Holdings, General Motors, Detroit automaker, SAIC Motor Corp Locations: China
Nvidia — Shares of the chipmaker dipped about 1% in midday trading, after gyrating earlier in the session. Analysts polled by LSEG had called for earnings of 75 cents per share on $33.16 billion in revenue. Baidu — U.S. shares of the Chinese search engine fell about 5% after Baidu's third-quarter revenue declined by 3% compared to the year-ago period . BJ's Wholesale Club — Shares moved 9% higher after the warehouse club's third-quarter adjusted earnings beat the Street's estimates. The company said it will increase its membership fee and announced plans to repurchase $1 billion shares.
Persons: LSEG, Snowflake, Sridhar Ramaswamy, Merus, Goldman Sachs, — Stocks, Michael Novogratz, MicroStrategy, Miner Mara Holdings, BJ's, PDD, — CNBC's Sean Conlon, Yun Li, Michelle Fox Organizations: Nvidia —, Nvidia, Baidu, Department of Justice, Google, Chrome, Netflix, of America, , Galaxy Digital, Miner, BJ's Wholesale, PDD Holdings
Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. Ulta slipped nearly 3% after Berkshire Hathaway revealed in a regulatory filing that it had sold around 97% of its shares, nearly dissolving its position in the beauty retailer. Berkshire had just bought the stock in the second quarter, making Ulta a relatively new bet. However, the company beat expectations on both lines in the fourth fiscal quarter and issued positive guidance for adjusted earnings per share.
Persons: Donald Trump, Robert F, Kennedy Jr, Eli Lilly, Warren Buffett, Berkshire Hathaway, Ulta, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Hakyung Kim, Lisa Han Organizations: Global pharma, Moderna, Pfizer, GSK, Novo Nordisk, Nasdaq, Securities and Exchange Commission, Super, New York Stock Exchange, Corp, Berkshire, Pool Corp, AST, Materials, LSEG Locations: China, Domino's, Berkshire
Andrew Kelly | ReutersThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineWhen the numbers are this good, you've got to start with them. "Equities are eager to price in Trump's domestic growth policies," Barclays strategist Venu Krishna said in a note to clients. While the Trump rally has gotten off to a roaring good start, it remains to be seen when — and more importantly, how — it'll end.
Persons: Republican Donald Trump, Andrew Kelly, you've, Russell, Venu Krishna, Mislav Matejka, Neel Kashkari, Kashkari, — CNBC's Sean Conlon, Yun Li, Jesse Pound, Hakyung Kim Organizations: Republican, U.S, New York Stock Exchange, Reuters, CNBC, Dow Jones, Nasdaq, Trump, Barclays, JPMorgan, Minneapolis Locations: New York City, U.S
Timothy A. Clary | Afp | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineWhen the numbers are this good, you've got to start with them. "Equities are eager to price in Trump's domestic growth policies," Barclays strategist Venu Krishna said in a note to clients. While the Trump rally has gotten off to a roaring good start, it remains to be seen when — and more importantly, how — it'll end.
Persons: Walter Lundon, Donald Trump, Timothy A, Clary, you've, Russell, Venu Krishna, Mislav Matejka, Neel Kashkari, Kashkari, — CNBC's Sean Conlon, Yun Li, Jesse Pound, Hakyung Kim Organizations: New York Stock Exchange, Getty, CNBC, Dow Jones, Nasdaq, Trump, Barclays, JPMorgan, Minneapolis Locations: New York City
Trump Media & Technology Group — Shares of President-elect Donald Trump's media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The company saw $162 million in revenue, topping the consensus expectation for $150 million. Analysts polled by FactSet penciled in 43 cents in earnings per share and $1.91 billion in revenue. Affirm lost an adjusted 31 cents per share, narrower than the consensus forecast of 35 cents, according to LSEG. Bath & Body Works — The fragrance retailer slid 2.7% in the wake of a Barclays downgrade to underweight from equal weight.
Persons: Donald Trump's, platform's, DraftKings, Sweetgreen, LSEG, Toast, StreetAccount penciling, Versace, Michael Kors, FactSet, BioNTech, Goldman Sachs, Goldman, — CNBC's Sean Conlon, Yun Li, Pia Singh, Samantha Subin Organizations: Trump Media & Technology, LSEG, Arista Networks, Arista, Capri Holdings, Capri, Beverage, Revenue, Barclays Locations: LSEG, BioNTech —
Carvana — The used car platform rose 23% after posting a third-quarter earnings and revenue beat . Etsy — Shares rallied 8% after the online e-commerce platform posted third-quarter results that surprised to the upside. Microsoft called for revenue ranging between $68.1 billion to $69.1 billion, while analysts had forecasted $69.83 billion, according to LSEG. Coinbase — The cryptocurrency exchange platform shed 10% after posting a third-quarter earnings and revenue miss . Teleflex — Shares plummeted 15.6% after the medical device provider reported third-quarter revenue of $764.4 million, below FactSet's estimated $768.7 million.
Persons: Peter Stern, Carvana, Etsy —, FactSet, Coinbase, LSEG, Uber, Ernst, Young, Teleflex, Robinhood, Estee Lauder, — CNBC's Sean Conlon, Alex Harring, Jesse Pound, Samantha Subin Organizations: , Ford, Norwegian Cruise Line Holdings, Microsoft, eBay —, eBay, MGM Resorts, MGM Locations: Norwegian, FactSet, China
Amazon — The e-commerce giant popped 4.7% after beating earnings expectations on both lines in the third quarter. Amazon reported $1.43 earned per share on revenue of $158.88 billion, while analysts polled by LSEG expected $1.14 and $157.2 billion, respectively. For the period, Intel posted revenue of $13.28 billion, while analysts surveyed by LSEG were expecting $13.02 billion. Apple — Shares slid 1.8% despite earnings and revenue topping Wall Street expectations for the fourth fiscal quarter. Analysts polled by StreetAccount expected a profit of 64 cents per share on revenue of $1.16 billion.
Persons: LSEG, Avis, , Atlassian, StreetAccount, — CNBC's Sean Conlon Organizations: Amazon, Intel –, Intel, Apple, Avis Budget, FactSet
Robinhood — The fintech stock rose less than 3% after it said Monday that users will have the chance to trade a Kamala Harris or Donald Trump contract ahead of next week's presidential election. ON Semiconductor — The semiconductor product maker rose 5% after third-quarter earnings and revenue topped analyst estimates. Nutanix — The cloud infrastructure stock rose 4% following an upgrade to overweight from equal weight at Morgan Stanley. Moderna — Shares jumped after Moderna and Merck said they initiated a phase 3 trial investigating a treatment for non-small cell lung cancer. Moderna shares advanced 3.9%, while Merck was slightly higher.
Persons: Wells, Steven Cahall, Kamala Harris, Donald Trump, Israel, FactSet, Eugene Hsiao, Wolfe, Roy Jakobs, Nutanix, Morgan Stanley, Meta Marshall, Merck, Timothy Wojs, Aaon, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Sarah Min, Pia Singh Organizations: Spotify, U.S . Occidental Petroleum, Exxon, BP —, Citi, McDonald's, Taiwan Semiconductor Manufacturing, Huawei, Reuters, The U.S, Delta Air Lines, CrowdStrike, Honeywell —, Philips —, , Moderna, Merck, Baird Locations: China, Atlanta
Molina Healthcare posted adjusted earnings of $6.01 per share, better than the LSEG consensus estimate of $5.81 in earnings per share. Therefore, the company's third-quarter revenue and guidance were not comparable with Wall Street's estimates. ServiceNow posted third-quarter adjusted earnings of $3.72 per share, topping Wall Street's estimate of $3.46 per share, according to LSEG. International Business Machines — Shares tumbled about 7% after the tech giant posted third-quarter revenue that disappointed analysts' expectations. Sales for IBM came out to $14.97 billion in the last quarter, versus the $15.07 billion analysts had expected, per FactSet.
Persons: Tesla, Elon, Newmont, FactSet, Molina, CBRE, Raymond James Financial, Teradyne, Northrop Grumman, ServiceNow, Boeing machinists, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Sarah Min Organizations: , Molina Healthcare, Whirlpool, LSEG . West Pharmaceutical, West Pharmaceutical Services, injectables, Carrier, Northrop, Mattel, LSEG, Boeing, IBM Locations: , FactSet
SAP — U.S.-listed shares of the enterprise software provider gained more than 3% after the company posted a third-quarter earnings and revenue beat. GE Aerospace reported adjusted revenue of $8.94 billion, while analysts had estimated $9.02 billion, according to LSEG. 3M — Shares of the industrial company rallied 5% after 3M posted third-quarter earnings of $1.98 per share on revenue of $6.07 billion. Despite this, the company posted a third-quarter adjusted earnings and revenue beat. Sherwin-Williams reported adjusted earnings of $3.37 per share, lower than a StreetAccount estimate of $3.55 per share.
Persons: LSEG, AppLovin, Rob Sanderson, Nucor, Danaher, Sherwin, Williams, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Fred Imbert, Hakyung Kim, Sarah Min, Jesse Pound Organizations: JCP Investment Management, General Motors, GM, SAP — U.S, SAP, GE Aerospace, Citi, U.S, Loop Locations: Utah
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineThere's a YouTube series called "I Like to Watch," in which two people react to Netflix shows. While it has accumulated an ardent fanbase for the hosts' kooky reactions, the series is, essentially, a show about Netflix shows. Netflix shows are often all of the above. Many of us like to watch Netflix shows.
Persons: Ashish Vaishnav, Richard Broughton, Ampere, Doug Anmuth, — CNBC's Sean Conlon, Ryan Browne, Lisa Kailai Han, Alex Harring Organizations: Netflix, Lightrocket, CNBC Locations: Mumbai
Separately, CVS issued third-quarter adjusted earnings guidance between $1.05 and $1.10 per share, far weaker than the FactSet consensus estimate of $1.69 a share. MGP Ingredients — Shares tumbled 26% after MGP Ingredients, a distilled spirits producer, issued preliminary third-quarter earnings and revenue guidance that missed expectations. Earnings of $1.23 per share missed the FactSet consensus estimate of $1.34 in earnings per share. Comerica reported $1.33 in earnings per share, compared to $1.17 per share expected by analysts, according to FactSet. Still, adjusted earnings of 89 cents per share beat the expected earnings per share of 88 cents.
Persons: Lamb Weston —, Jana Partners, Lamb Weston, David Joyner, Karen Lynch, LSEG, LSEG ., Riley, Ally, FactSet, — CNBC's Sean Conlon, Michelle Fox, Alex Harring, Hakyung Kim, Jesse Pound Organizations: Netflix, U.S . Cellular, Telephone, Data Systems, U.S, Cellular, Verizon Communications, CVS, MGP, American, Apple —, Bloomberg, Counterpoint Research, Western, Western Alliance, LSEG, LSEG . Fifth Third, Fifth Third Bancorp, Comerica, Holdings Locations: U.S, China
Travelers' third-quarter earnings came in at $5.24 per share, topping the $3.55 a share expected from analysts polled by LSEG. Blackstone reported third-quarter earnings of $1.01 per share on revenue of $2.43 billion. CSX — Shares slipped 5.9% after the transportation company reported disappointing third-quarter results. Alcoa — The aluminum producer's stock shed more than 3% after the company reported third-quarter revenue of $2.90 billion, below the $2.97 billion LSEG consensus estimate. Synovus Financial — Shares popped 5% after the company reported better-than-expected adjusted earnings per share for the third quarter.
Persons: Uber, LSEG, Elevance, Blackstone, Equifax, Synovus, — CNBC's Sean Conlon, Hakyung Kim, Alex Harring, Pia Singh Organizations: Taiwan Semiconductor, Nvidia, Micron, Times, Expedia, , LSEG, CSX, Nokia —, Alcoa, FactSet, Dynamics, Steel, Walgreens, Alliance
Cisco Systems — The networking technology stock added nearly 2% on the heels of a Citi upgrade to buy from neutral. The firm's earnings came in at $1.88 per share, versus the $1.58 expected by a LSEG analyst poll. Revenue was $15.38 billion versus the $14.41 billion consensus estimate. United also announced a $1.5 billion share buyback, its first since before the pandemic. J.B Hunt Transport Services — Shares jumped more than 7% after the company's third-quarter results topped expectations.
Persons: Novocure, Morgan Stanley —, accidently, J.B, Hunt, LSEG, — CNBC's Sean Conlon, Alex Harring, Sarah Min, Michelle Fox, Hakyung Kim Organizations: Cisco Systems, Citi, U.S . Food, Drug Administration, Revenue, United Airlines, United, Hunt, Locations: U.S
Reddit — Shares rose more than 2% after Jefferies initiated research coverage with a buy rating and a Sreet-high price target. Rio Tinto , Arcadium Lithium — The two minerals stocks moved in opposite directions after the companies announced a deal for Rio Tinto to buy Arcadium for $5.85 per share. Shares of Rio Tinto dipped 1.2%, while shares of Arcadium surged 30%. GitLab — Shares rose 5% after Morgan Stanley initiated research coverage of the software stock with an overweight rating . Chewy — Shares rose nearly 2% after TD Cowen initiated research coverage of the pet products retailer with a buy rating.
Persons: Jefferies, Blackstone — Piper Sandler, Morgan Stanley, Sanjit Singh, Nio, TD Cowen, — CNBC's Sean Conlon, Lisa Han, Alex Harring, Jesse Pound, Hakyung Kim Organizations: Boeing, Department, Rio Tinto, Federal, Cruise, Citigroup, Citi Locations: Rio, Arcadium, Nio —
Abercrombie & Fitch - Shares of the teen apparel retailer jumped nearly 8% after JPMorgan added it to its positive catalyst watch list. JetBlue shares jumped more than 15% on the news. Summit Therapeutics – The biopharmaceutical company added 2%. Other international shipping stocks saw losses as well, including Danish shipping giant Maersk at 5% . CVS Health — The company's shares added 3.3%.
Persons: Abercrombie &, Matthew Boss, Hollister, Tencent, — CNBC's Sean Conlon, Hakyung Kim, Christina Cheddar, Berk, Lisa Kailai Han Organizations: Abercrombie, Abercrombie & Fitch, JPMorgan, Spirit Airlines, JetBlue Airways —, Wall Street, JetBlue, Vistra, Nvidia, Therapeutics, Drug Administration, Ubisoft Entertainment, Bloomberg News, Ubisoft, SilverCrest Metals, Mining, Zim Integrated Shipping Services —, U.S, dockworkers, United States Maritime Alliance, Maersk, CVS Health, CNBC, CVS
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