Looking for insights into the US markets one hour before the close of the markets on Tuesday? Delve into the top gainers and losers of today's session and gain valuable market intelligence.
December's CPI report will shed light on inflation and could impact the Fed's stance on interest rates. Economist predicts soft core CPI, but risks of rate hike if inflation remains high.
Applied Digital shares are trading higher Tuesday after the company secured a significant $5 billion financing agreement with Macquarie Asset Management to fund the growth of its high-performance computing (HPC) data centers.
Shares of home services online marketplace ANGI (NASDAQANGI)
jumped 9% in the afternoon session after IAC's board approved a plan to fully spin off its stake in Angi. As part of the move, Joey Levin will step down as IAC CEO to become Executive Chairman of Angi. The spin-off is expected to give IAC shareholders direct ownership of Angi, fully separating the two companies. It will also eliminate Angi's dual-class structure, streamlining its governance. This simplified structure is expected to support Angi's growth by providing more flexibility to make acquisitions, raise capital, and attract talent.
Shares of homebuilder KB Home (NYSEKBH)
jumped 5% in the morning session after the company reported strong fourth-quarter results that exceeded analysts' backlog expectations. This figure is a leading indicator of revenue and a major focus of the markets. Its revenue also narrowly outperformed Wall Street's estimates. Management made constructive comments about the macro, noting that "Net orders rose roughly 40% year over year, as buyers continued to demonstrate a desire for homeownership and housing market conditions improved relative to last year". On the other hand, its EBITDA missed and its full-year revenue guidance fell slightly short of Wall Street's estimates. Zooming out, we think this was a mixed quarter. The market seemed to focus on the top-line strength, and the stock traded up.
JPM and WFC are preparing to release their Q4 earnings, with strong bullish momentum for JPM and cautionary signals for WFC. Analysts forecast positive results for JPM, while WFC may experience a minor pullback. The long-term bullish trend remains intact for both.
Nature's Miracle Holding Inc. (NASDAQNMHI) shares are trading higher Tuesday after announcing that it had entered into a Securities Purchase Agreement (SPA) with a single institutional investor.
Bank of America has identified three key auto stocks it expects to outperform in 2025: Ferrari (RACE), Aptiv Inc. (NYSEAPTV) and AutoNation Inc. NYSE: ANNYSEAN)
U.S. Treasury yields have increased notably since September, particularly at the long end of the curve, with the 10-year yield up over 100 basis points from its recent lows.
Stay updated with the latest market activity on Tuesday. Explore the most active stocks in today's session and stay informed about the stocks that are in the spotlight.
