Here’s a look at the companies making headlines in midday trading: Nvidia — Shares fell about 2% as the maker of artificial intelligence chips officially entered correction territory after a volatile month of trading. MicroStrategy — Bitcoin proxy shares rose more than 6% after Nasdaq announced that MicroStrategy will be included in the tech-heavy Nasdaq 100 index. This means the stock will be included in the popular Invesco QQQ Trust ETF. The inclusion of the index takes effect on December 23. Mara Holdings shares soared more than 11% after MicroStrategy Chairman Michael Saylor posted on social media site X on December 14 that he expected the cryptocurrency miner to be the next company to join the Nasdaq 100 Index . Ford Motor — Shares of the automaker fell nearly 4% after Jefferies downgraded the stock to underperform from hold. The company expressed concern about excess inventory next year. Broadcom — Shares of the semiconductor company rose more than 9% after rising sharply in the previous session. On Friday, Broadcom announced better-than-expected fourth-quarter results, its stock price soared more than 24%, and its market value exceeded US$1 trillion for the first time. Keysight Technologies — The electronics stock gained about 3% after JPMorgan upgraded the electronics stock to “overweight” from “neutral.” Keysight is expected to post a cyclical recovery in 2025 after struggling this year, with the stock lagging the broader market, the investment firm said. Capri Holdings — Shares of Capri Holdings rose 5% after Women’s Wear Daily reported that the luxury fashion retailer is working with Barclays to find potential buyers for its Versace and Jimmy Choo businesses. Super Micro Computer – Shares fell nearly 7%. Previously, Bloomberg News reported on Friday, citing people familiar with the matter, that Super Micro has hired investment bank Evercore ISI to help it raise equity and debt capital. Advanced Micro Devices has missed deadlines to file annual and quarterly financial reports, fueling concerns that the battered data center company could be delisted from Nasdaq, despite assurances from Chief Executive Tony Leung that this will not happen. Honeywell — The industry giant said its board is exploring a potential spin-off of its highly profitable aerospace unit, a plan backed by activist investor Elliott Management, which Honeywell’s shares rose 3% in November after it called for it to split itself into two companies. Micron Technology — Shares of Micron Technology rose 7% after the semiconductor maker reports quarterly earnings later this week. JPMorgan said in a report on Monday that it expected strong results. Berkshire Hills Bancorp and Brookline Bancorp — Shares of Boston-based regional banks were slightly lower. The Wall Street Journal, citing people familiar with the matter, reported that the two companies are in talks to merge and that the deal could be announced as soon as next week. Berkshire Hills shares fell 1% and Brookline Bancorp shares were slightly lower. Drone Stocks – Shares of several drone manufacturers are rising as recent mysterious drone sightings over northeastern states and the announcement of a new Palantir partnership have spurred interest in the industry. Red Cat Holdings said Monday it is working with Palantir Technologies to integrate visual navigation technology into Red Cat’s Black Widow drone. Red Cat shares rose 15%. Shares of Unusual Machines, owned by Donald Trump Jr., rose 12%. Kratos Defense & Security Solutions and AeroVironment grew 6.7% and 8.6% respectively. Alphabet — The technology giant’s shares rose more than 4% on Monday, hitting a new 52-week high. While Nvidia shares fell, gains in Alphabet and Broadcom helped the Nasdaq hit new highs. Jefferies also lists Alphabet as one of its top technology and Internet stocks for 2025.
ABOUT US
Our news website delivers comprehensive coverage on US news, economy, politics, and world events, ensuring you stay informed on the latest developments. We provide timely and accurate news to keep you updated on the most important stories. Stay connected with us for in-depth analysis and breaking news from around the globe.
Contact us: contact@realtimeheadlines.com
© Real Times Headlines - 2024 | All Rights Reserved