BUZZ-U.S. STOCKS ON THE MOVE-Starbucks, Resideo Technologies, Mercury Systems
U.S. stocks saw modest gains on Tuesday, with the Dow Jones up 0.97%, S&P 500 up 0.76%, and Nasdaq up 0.88%, following inflation data that aligns with expectations for a potential interest rate cut. Notable stock movements included Resideo Technologies rising after an upgrade to 'overweight' by Morgan Stanley, and Starbucks gaining after a similar upgrade by Baird Equity Research. Other significant gainers included Microchip Technology and United Airlines, while Cardinal Health and BigBear.ai saw declines after disappointing earnings reports.
Eikon search string for individual stock moves: (STXBZ)
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The Morning News Call newsletter: here Wall Street’s main indexes inched higher on Tuesday after data showed inflation rose broadly in line with expectations in July, putting the Federal Reserve on track to lower interest rates next month. (.N) At 11:30 EDT, the Dow Jones Industrial Average (.DJI) was up 0.97% at 44,399.98.The S&P 500 (.SPX) was up 0.76% at 6,421.97, and the Nasdaq Composite (.IXIC) was up 0.88% at 21,573.64. The top three S&P 500 (.PG.INX) percentage gainers: Microchip Technology Inc (MCHP.OQ) , up 8.8% United Airlines Holdings Inc (UAL.OQ) , up 8.7% Delta Air Lines Inc (DAL.N) , up 8.6% The top three S&P 500 (.PL.INX) percentage losers: Cardinal Health Inc (CAH.N) , down 8.1% Axon Enterprise Inc (AXON.OQ) , down 5.7% McKesson Corp (MCK.N) , down 3.5% The top three NYSE (.PG.N) percentage gainers: WideOpenWest Inc (WOW.N) , up 49.9% Green Dot Corp (GDOT.N) , up 31.3% 3D Systems Corp (DDD.N) , up 29.8% The top three NYSE (.PL.N) percentage losers: BigBear.ai Holdings Inc (BBAI.N) , down 25.8% Eastman Kodak Co (KODK.N) , down 25.5% ACV Auctions Inc (ACVA.N) , down 16.3% The top three Nasdaq (.PG.O) percentage gainers: 180 Life Sciences Corp (ATNF.OQ) , up 91.3% Gevo Inc (GEVO.OQ) , up 52.4% RumbleOn Inc (RMBL.OQ) , up 47.5% The top three Nasdaq (.PL.O) percentage losers: TPI Composites Inc (TPIC.OQ) , down 43.7% VirTra Inc (VTSI.OQ) , down 25.4% Kindly MD Inc (NAKA.OQ) , down 24.0% HanesBrands Inc (HBI.N) : BUZZ - Jumps after report Canada’s Gildan Activewear to acquire co BigBear.ai Holdings Inc (BBAI.N) : BUZZ - Nosedives after quarterly revenue miss Palo Alto Networks Inc (PANW.O) : BUZZ - Rises on Piper Sandler target price hike, upgrade to ‘overweight’ Newmont Corp (NEM.N) : Gold Fields Ltd (GFI.N) : Harmony Gold Mining Co Ltd (HMY.N) : Sibanye Stillwater Ltd (SBSW.N) : BUZZ - Gold miners gain as bullion prices edge higher
Intel Corp (INTC.O) : BUZZ - Climbs after CEO meets Trump On Holding AG (ONON.N) : BUZZ - Rises on annual sales forecast raise Venture Global Inc (VG.N) : BUZZ - Gains as Q2 core profit beats expectations Circle Internet Group Inc (CRCL.N) : BUZZ - Rises after Q2 revenue beat Chipotle Mexican Grill Inc (CMG.N) : BUZZ - Piper Sandler upgrades Chipotle Mexican Grill to ‘overweight’ rating Cardinal Health Inc (CAH.N) : BUZZ - Falls after Q4 revenue miss, $1.9 billion deal to buy Solaris Health Green Dot Corp (GDOT.N) : BUZZ - Gains after raising annual profit forecast USA Rare Earth Inc (USAR.O) : BUZZ - Surges on deal with Enduro to supply neodymium magnets
WisdomTree Inc (WT.N) : BUZZ - Dips after $475 mln convertible bond sale for acquisition
Open Text Corp (OTEX.O) : BUZZ - Jefferies downgrades Open Text to ‘hold’ rating on uncertainty Toll Brothers Inc (TOL.N) : BUZZ - Wedbush cuts Toll Brothers PT on slower order growth outlook eToro Group Ltd (ETOR.O) : BUZZ - Rises after Q2 profit beats estimates Oklo Inc (OKLO.N) : BUZZ - Wedbush raises Oklo PT on federal support, AI energy demand Sea Ltd (SE.N) : BUZZ - Climbs after reporting upbeat quarterly revenue
Upstart Holdings Inc (UPST.O) : BUZZ - Falls after upsized $600 million convertible bonds offering Ligand Pharmaceuticals Inc (LGND.O) : BUZZ - Rises after offering $400 million convertible bonds
Liquidia Corp (LQDA.O) : BUZZ - Rises after beating Q2 revenue estimates, reporting higher drug prescriptions 180 Life Sciences Corp (ATNF.O) : BUZZ - Skyrockets after Peter Thiel reveals stake New Fortress Energy Inc (NFE.O) : BUZZ - Down as it seeks extension to file Q2 results
Bitmine Immersion Technologies Inc (BMNR.N) : BUZZ - Slips as crypto firm plans additional $20 bln stock sale
Mercury Systems Inc (MRCY.O) : BUZZ - Hits 3-year high on strong Q4 results, analysts upgrades
Rio Tinto PLC (RIO.N) : BHP Group Ltd (BHP.N) : Southern Copper Corp (SCCO.N) : Freeport-McMoRan Inc (FCX.N) : BUZZ - Copper miners gain on US-China trade truce extension
JetBlue Airways Corp (JBLU.O) : American Airlines Group Inc (AAL.O) : United Airlines Holdings Inc (UAL.O) : Delta Air Lines Inc (DAL.N) : BUZZ - US airlines jump as fares go up in July SPX Technologies Inc (SPXC.N) : BUZZ - Drops after unveiling $500 mln stock offering
Fluence Energy Inc (FLNC.O) : BUZZ - Set for worst daily drop in 6 months on Q3 revenue miss
BankFinancial Corp (BFIN.O) : BUZZ - Rises on $142 million buyout deal from First Financial
On Semiconductor Corp (ON.O) : BUZZ - Rises after Q3 revenue forecast tops estimates on stabilizing demand Resideo Technologies Inc (REZI.N) : BUZZ - Jumps after Morgan Stanley upgrades to ‘overweight’ rating Starbucks Corp (SBUX.O) : BUZZ - Up after Baird Equity Research upgrades to ‘outperform’
Index RIC Index name Percent
change %
(.SPX) S&P 500 0.77
(.SPLRCT) S&P 500 Information Technology 0.86
(.SPLRCU) S&P 500 Utilities -0.29
(.SPLRCD) S&P 500 Consumer Discretionary 0.49
(.SPLRCM) S&P 500 Materials 0.77
(.SPLRCI) S&P 500 Industrials 0.9
(.SPLRCL) S&P 500 Communication Services 1.36
(Sector)
(.SPSY) S&P 500 Financials 1.12
(.SPLRCR) S&P 500 Real Estate -0.61
(.SPXHC) S&P 500 Health Care 0.3
(.SPLRCS) S&P 500 Consumer Staples -0.02
(.SPNY) S&P 500 Energy 1.08
(Rajarshi Roy and Parth Chandna)
