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(1/29) - Wednesday's Pre-Market News & Stock Movers

Discussion in 'Stock Market Today' started by StockBoards Bot, Jan 29, 2025.

  1. StockBoards Bot

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    (1/29) - Wednesday's Pre-Market News & Stock Movers

    Good Morning StockBoarders! Happy Hump Day! ;)

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    Stock futures are little changed as investors await Federal Reserve’s interest rate decision: Live updates

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    Stock futures were near the flatline on Wednesday as investors turned toward the first Federal Reserve interest rate decision of 2025.

    Futures tied to the Dow Jones Industrial Average inched down 13 points. Nasdaq 100 futures were 0.3% higher, while S&P 500 futures was trading around the flatline.

    Tech stocks on Tuesday led the S&P 500 higher and brought the Nasdaq Composite to a 2% gain. The two indexes made a comeback after incurring sharp losses on Monday in a sell-off spurred by the emergence of China’s DeepSeek and the threat it poses to the artificial intelligence trade. Nvidia, which suffered a roughly 17% decline Monday, jumped nearly 9% on Tuesday.

    “As far as the DeepSeek news over the weekend, at the end of the day today, there really hasn’t been that much of an impact on a market-wide basis,” Bespoke Investment Group co-founder Paul Hickey said Tuesday on CNBC’s “Closing Bell: Overtime.”

    The Fed’s interest rate decision on Wednesday is now a focal point for investors, as well as Fed Chair Jerome Powell’s press conference. Fed funds futures data reflect a nearly 100% certainty that the central bank will keep rates steady at a target range of 4.25% to 4.5%, according to CME Group data.

    “When it comes to the Fed, they’re widely not expected to do anything tomorrow and that’s a good thing. The less the Fed has to do, the better it is for the market, in our view,” Hickey added.

    Investors will be paying especially close attention to Powell’s comments — his first press conference in President Donald Trump’s second term. The two have had a contentious relationship dating back to Trump’s first term. The president has already said he would “demand that interest rates drop immediately.”

    A volley of Big Tech earnings are due Wednesday afternoon, with Meta Platforms, Microsoft and Tesla issuing their quarterly reports.

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    STOCK FUTURES NOW:
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    YESTERDAY'S MARKET HEAT MAP
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    YESTERDAY'S S&P SECTORS:
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    TODAY'S ECONOMIC CALENDAR:
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    THIS WEEK'S ECONOMIC CALENDAR:
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    MOST ACTIVE TRENDING DISCUSSIONS (STOCK SYMBOLS ARE CLICKABLE!):

    BABA
    Alibaba Group Holding Ltd

    ASML
    ASML Holding NV

    XYO.X
    XYO Network

    SBUX
    Starbucks Corp

    ACH.X
    Alchemy Pay

    RDDT
    Reddit Inc.

    DJT
    Trump Media & Technology Group Corp.

    TMUS
    T-Mobile US Inc

    SYTA
    Siyata Mobile Inc

    AAPL
    Apple Inc

    THIS WEEK'S IPO'S:
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    THIS WEEK'S EARNINGS CALENDAR:
    ($TSLA $SOFI $AAPL $META $MSFT $INTC $ASML $BA $SBUX $PGR $NUE $T $IBM $LRCX $HITI $UPS $GM $NOW $SAP $XOM $MA $LMT $V $CLS $RCL $CVX $ABBV $DOW $KLAC $TMUS $WOLF $RTX $LC $BX $BMRC $LUV $NOK $WM $WDC $CAT $ADP $ALGM $CNI $CMCSA $DHR $LEVI $ARE $CCS $CL $WHR)
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    THIS MORNING'S PRE-MARKET EARNINGS RELEASES:
    ($ASML $PGR $TMUS $ADP $TEVA $GD $MSCI $NDAQ $GLW $DHR $VFC $EAT $HES $FLEX $VIRT $MHO $SF $LIL $VLVLY $WNC $PB $SBSI $SMG $NAVI $EXTR $HESM $GPI $AVT $EXP $AIT $MNRO $NSC $OTIS $SLGN $BLFY $CPF $GIB)
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    BEFORE TODAY'S MARKET OPEN:
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    THIS AFTERNOON'S AFTER-HOURS EARNINGS RELEASES:
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    AFTER TODAY'S MARKET CLOSE:
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    YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
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    YESTERDAY'S INSIDER TRADING FILINGS:
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    TODAY'S DIVIDEND CALENDAR:
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    THIS MORNING'S PRE-MARKET STOCK NEWS MOVERS:

    source: cnbc.com

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    • F5 – Shares soared nearly 14% on the heels of the application security company’s fiscal second-quarter outlook beating Wall Street’s expectations. F5 expects revenue to come in between $705 million and $725 million, while analysts polled by FactSet had penciled in $702.7 million.
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    • Nextracker – The solar tracker manufacturer surged more than 24% after beating revenue expectations and offering stronger-than-expected earnings guidance. Nextracker reported $679.4 million in revenue for the quarter, exceeding the FactSet consensus forecast of $646 million.
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    • ASML – U.S.-listed shares of the Dutch semiconductor giant rose 5% after the company’s fourth-quarter net bookings jumped 169% from the prior quarter and surpassed analyst expectations, signaling strong demand for its chipmaking tools. ASML posted 7.09 billion euros in net bookings for the period, above the 3.99 billion euros that analysts polled by Visible Alpha had anticipated, per Reuters.
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    • Chip equipment stocks – Shares of U.S.-based chip equipment firms also jumped following ASML’s fourth-quarter results. Lam Research rose 3%, while Applied Materials and KLA Corp. each gained more than 2%.
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    • LendingClub – The financial services company’s stock retreated around 18% after LendingClub provided a weak outlook. Fourth-quarter earnings fell to $9.7 million, or 8 cents per share, from $10.2 million, or 9 cents per share, a year ago period. Provisions for credit losses of $63.2 million were larger than analysts surveyed by FactSet had anticipated.
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    • Alibaba Group – Shares rose 3% after the Chinese tech giant released a new version of its artificial intelligence model Qwen that it said surpasses DeepSeek. A Qwen post on X read: “We have been building Qwen2.5-Max, a large MoE LLM pretrained on massive data and post-trained with curated SFT and RLHF recipes. It achieves competitive performance against the top-tier models, and outcompetes DeepSeek V3 in benchmarks like Arena Hard, LiveBench, LiveCodeBench, GPQA-Diamond.”
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    • Qorvo – The semiconductor supplier fell nearly 3% after it forecast revenue at its largest customer to be “flat to up modestly.” The comments, made on the earnings call, overshadowed Qorvo’s earnings and revenue beat for its fiscal third quarter.
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    • Moderna – Shares of the vaccine maker fell more than 2% after a downgrade to neutral from buy at Goldman Sachs. The investment firm said Moderna seems to have “limited visibility” regarding its future revenue from respiratory illness vaccines.
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    • T-Mobile US – Shares popped 6% after the telecommunications company issued upbeat full-year guidance. T-Mobile forecast adjusted EBITDA between $33.1 billion and $33.6 billion, while analysts expected $33.35 billion, according to FactSet. The company also beat both the top- and bottom-line estimates in the fourth quarter. T-Mobile earned $2.57 per share on revenue of $7.68 billion. Analysts polled by FactSet estimated earnings of $2.29 per share on $7.86 billion in revenue.
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    • Nvidia – The chip giant pulled back more than 2%, chipping away at the almost 9% gain seen in the previous session. Tuesday’s bounce followed a 17% plunge on Monday that resulted in close to $600 billion in lost market cap – the biggest one-day loss for a U.S. company in history – after Chinese startup DeepSeek’s cheaper, open-source AI model exacerbated fears over tech spending and U.S. leadership in the space.
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    Have a happy trading day to everyone in here on this Wednesday! ;)
     

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